Major U.S. retailers Macy’s Inc , Kohl’s Corp and Gap Inc said on Monday they would furlough tens of thousands of employees, as they prepare to keep stores shut for longer to curb the spread of the coronavirus outbreak.
General Motors Co told suppliers on Monday that it is postponing work on at least half a dozen future models to conserve cash during the coronavirus pandemic and could delay the planned launch in late April of its highly profitable large sport utility vehicles.
I have a theory on why people are hoarding toilet paper…
They’re going to be eating their own cooking.
This trend poses both opportunities and pitfalls for investors.
Even though it seems too hard to swallow, the average American spends more than $3,000 each year dining out.
They typically eat away from home 4.9 times a week.
And for the past few decades – despite the vast array of cooking channels and programs – away-from-home spending has dramatically widened its gap over at-home spending.
But now, this rush of dollars has come to a screeching halt… all thanks to COVID-19.
That’s bad news for local restaurants, …read more […]
Fiat Chrysler Automobiles NV’s top executives and salaried workers around the globe will take pay cuts in an act of “shared sacrifice” brought on by the coronavirus pandemic that has shuttered the automaker’s plants in Europe and North America, according to a company memo seen by Reuters.
Air New Zealand said on Tuesday nearly a third of its employees, about 3,500, will be laid off in the coming months, as it grapples with severe global travel curbs due to the coronavirus that has forced it to cancel nearly all flights.
Yahoo Finance’s Seana Smith and Anjalee Khemlani discuss Johnson & Johnson starting human trials for the coronavirus vaccine by September and the FDA approving emergency use of the malaria pill for COVID-19 treatment. …read more […]
Any way you look at it, it is most likely the world will be a different place once some sense of normality resumes following the global battle against coronavirus. In the new paradigm, there will also be companies riding the wave of a successful confrontation with COVID-19. Will small cap biotech Cytosorbents (CTSO) make such a list?Bucking the trend, the healthcare company skyrocketed 70% year-to-date, on the back of a possible treatment for coronavirus.Last week, Cytosorbents announced that its CytoSorb blood purification device has been used by healthcare providers in Italy, China, Germany and France to treat dozens of severely …read more […]
U.S. senators are calling for investigations of record profit margins for beef processors like Tyson Foods and Cargill, after ranchers complained surging meat prices due to coronavirus hoarding did not translate into higher cattle prices. Futures prices for cattle have tumbled during the outbreak, worrying farmers as the U.S. economy heads into a downturn and fueling questions about whether the market run by CME Group is an effective tool for risk management. Senator Charles Grassley of Iowa wrote on Twitter that U.S. Department of Agriculture, Department of Justice and Commodity Futures Trading Commission probes may be …read more […]
Department store operators Macy’s Inc and Kohl’s Corp said on Monday they would furlough thousands of employees as U.S. retailers keep their stores shut to curb the spread of the coronavirus outbreak.
U.S. stocks rallied on Monday, led in part by a climb in healthcare stocks as investors looked for shares that have become cheap and can withstand the impact to the economy from the spread of the coronavirus.
JPMorgan Chase & Co’s alternative investments unit is looking to raise up to $10 billion to boost its spending power in the face of the coronavirus pandemic, a source familiar with the matter said on Monday.
During the coronavirus, work from home jobs or the ability to work from home has become extremely valuable. Unfortunately, millions around the world have lost their jobs during the outbreak. Others have significantly reduced income. And while the historic $2 trillion stimulus will help many, it won’t be enough to sustain the duration of the pandemic.
Accounting for the extremely unique situation we’re currently in, we’ve compiled a list of work from home jobs to help you beat the coronavirus blues and get your income back on track.
10 Work From Home Jobs During the Coronavirus Outbreak
1. Customer Service Representative – Even …read more […]
FaceBank Group (OTC: FBNK) March 26, 2020 Next Super Stock conference presentation FaceBank Group (OTC: FBNK) CEO John Textor discusses the company’s upcoming merger with fuboTV – a live TV streaming platform with […]
It could be time to sell stocks again, if this bearish stock market predictor is correct. …read more […]
American Express Co will avoid job cuts in 2020 as the credit card issuer “rides out the storm” brought on by the coronavirus pandemic, Chief Executive Officer Steve Squeri said in a video message to employees on LinkedIn.
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