Stock markets broke out of their earlier lethargy on Thursday to take a dive as investors worried about the damage new outbreaks of coronavirus might do to efforts at reviving the world economy.

Joe Biden unveiled a sweeping $700 billion plan Thursday to help the battered U.S. economy recover from the coronavirus crisis, a direct challenge to Donald Trump's "America First" agenda as they square off in the presidential race.

Another 1.3 million U.S. workers filed for unemployment benefits last week, continuing the slowdown in the pace of layoffs, the government reported Thursday.

Former Nissan Motor Co. Chairman Carlos Ghosn wired more than $860,000 to a company linked to one of the men accused of helping smuggle him out of Japan in a box last year, U.S. prosecutors said in a new court filing.

The UK government on Wednesday unveiled a package worth £30 billion ($37 billion, 33 billion euros) to save jobs and help the young into work to kickstart the coronavirus-hit economy.

The lines snaked around the block. Then they swelled to fill the whole street, before they turned into a raucous mob of men shoving to the front of the line. There at the exchange bureau, they could buy rationed dollars, the hottest commodity in Lebanon.

The small country's financial meltdown has thrown Lebanese into a frantic search for dollars as their local currency's value evaporates. To get the precious hard currency, they must navigate labyrinthine regulations, exploiting any loopholes they can to rescue their earnings.

With a "welcome" passport sticker and coronavirus tests on arrival, Dubai reopens its doors to international visitors Tuesday in the hope of reviving its tourism industry after a nearly four-month closure.

Tesla founder Elon Musk is ruthlessly mocking the carmaker's doubters who sell the company short by selling short shorts with the company logo.

Stock markets rallied Monday, with fresh signs of economic recovery resonating with investors more than a surge in coronavirus infections worldwide.

Wall Street opened higher after the long holiday weekend on Monday, extending last week's rally that was fueled by positive economic signs despite the coronavirus pandemic.