U.S. home sales dropped by
the most in nearly 4-1/2 years in March as extraordinary
measures to control the spread of the novel coronavirus brought
buyer traffic to a virtual standstill, supporting analysts'
views that the economy contracted sharply in the first quarter.
The U.S. Congress moved
toward a fourth coronavirus relief bill expected to top $450
billion, as Senate Democratic Leader Chuck Schumer said all
major provisions were agreed, and that the Trump administration
has signed off on a national testing strategy.
Britain's economy is not
certain to recover rapidly once coronavirus restrictions are
lifted as people may be reluctant to spend or socialise as they
did before, Bank of England chief economist Andy Haldane warned
AT&T Inc's WarnerMedia said on
Tuesday it's streaming service, HBO Max, will launch on May 27,
featuring original shows like "Love Life", "Legendary" and new
episodes of the popular "Looney Tunes Cartoons".