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Futures turn green as traders mull central bank action – Seeking Alpha

U.S. stock index futures opened down more than 1% as did Japan’s Nikkei index. That’s reversed over the last few minutes, with the S&P 500 (NYSEARCA:SPY) now up 0.4% and the Nikkei (NYSEARCA:EWJ) ahead 0.2%. Like the Fed’s Jay Powell on Friday afternoon,…

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FDA allows new coronavirus testing tech before it gets emergency approval – Engadget

There’s currently just one emergency authorization for COVID-19 in use by the CDC and public health labs, the FDA added. Early US tests were hurt by kits that included a bad reagent that rendered the tests ineffective. To some degree, this is damage control.…

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What China Knows About The Coronavirus That Oil Traders Don’t Know – Seeking Alpha

Yesterday, world-wide, one hundred-times more people died from malaria than died from COVID-19/coronavirus. But the economic cost from contagion is not human suffering; it is the restrictions on travel put in place to contain it. Over nine months SARS infect…