Galaxy Digital CEO Mike Novogratz said the growing economic crisis will delay mass adoption of cryptocurrencies by 12-18 months. Lack of cash led to the sale of those assets that most people under other conditions would prefer to keep for the long term, said Novogratz. Gold is also falling for the...

The severe economic impact on the aerospace manufacturing industry of the United States because of the coronavirus pandemic has prompted Boeing Co to give a cal for a $60 billion assistance package to the industry to stay afloat.   There were reports earlier this week about “tens of billions...

Airlines in the United States are contemplating something that was believed to be impossible – stopping all commercial domestic flights in the country because of the coronavirus pandemic spread and its impact on air travel demand.    While it is unclear whether the US government will...

Moody’s rating agency has issued a forecast about which areas of the business may be most affected by the coronavirus epidemic, and which will suffer less damage. Among the most affected are non-food retail, automobile, clothing, tourism, air and sea shipping. The epidemic will barely touch...

Companies making consumer products have stopped production of niche items such as scented bleach and have instead sped up manufacturing of more basic merchandise which is in high demand as food and many other essentials are flying off the shelf of supermarkets.   Shortages of essential items...

Contrary to what many of the leading tech companies have been announcing with reference to their financial performance amid the coronavirus pandemic as announced by the World Health Organization (WHO), Oracle said that there will be a "minimal impact" on the fourth-quarter revenue of the company...

The spread of coronavirus infections in countries all across Europe has prompted the United States president Donald Trump to suspend all flights from mainland Europe entering the US for 30 days.   The suspension will start from midnight on Friday but will not be applicable for the United...

After the failure of the talks between the OPEC and Russia to further deepen oil production cuts last week, the state controlled oil giant Saudi Aramco has been asked by the Saudi authorities to increase output capacity of the country by 1 million barrels a day as oil producing countries now try to...

The Venezuelan Interior Minister Nestor Reverol announced on Saturday about new detentions among employees and management of the state oil and gas corporation PDVSA, including 38 detained crew of the tanker Negra Hipolita, president of PDV Marina and his assistant, as well as 6 managers. “As part...