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Oil-Price War Batters Poorer OPEC Members as Coronavirus Looms With Saudi Arabia preparing to flood oil markets with a surge of output beginning as early as Wednesday, several of its OPEC brethren are cutting expenditures as they struggle to respond to the ravages of the kingdom's oil-price war with Russia. Lacking cash ...
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Worst First: Dow Jones Industrial Average On Pace For Deepest Q1 Loss In History As End Of Quarter Looms Key Takeaways: Consumer confidence data out this morning following surprisingly strong China PMI; Major indices remain on pace for steep Q1 losses as quarter draws to a close; After rising four of the last five days, stocks lose grip on overnight futures ...
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Axonius nabs $58M for its cybersecurity-focused network asset management platform As companies get to grips with a wider (and, lately, more enforced) model of remote working, a startup that provides a platform to help track and manage all the devices that are accessing networked services — an essential component of cybersecurity policy ...
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Snapchat preempts clones, syndicates Stories to other apps If you can't stop them, power them. That's the strategy behind Snapchat App Stories, which launches today to let users show off their ephemeral content in other apps too. The first partners will let you post Stories to your dating profile in Hily, share them ...
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Fed to Launch New Lending Facility for Foreign Central Banks The Federal Reserve said Tuesday it would launch a temporary lending facility that will allow foreign central banks with accounts at the Fed to convert their holdings of Treasuries into dollars, its latest bid to alleviate strains in global markets. The program will ...
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PRECIOUS-Gold falls as dollar firms, shares rally; set to post quarterly gain (Adds comment and updates prices) * Low oil prices could slow cenbank bullion purchases- analyst * Russia's central bank to stop buying gold starting April 1 * Platinum set for worst quarter since Sept. 2008 * Silver set to post its worst quarter since June ...
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Bay Area effort to feed hospital workers partners with Jose Andres' World Central Kitchen An effort I've been following in the Bay Area to deliver meals to front-line hospital clinicians dealing with the results of COVID-19 is announcing a big new partnership today that should give it a national stage. Frontline Foods is partnering up with World Central ...
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If stocks are headed higher, these 'Battleground' underperformers are worth a look, says Jefferies On the last day of an unforgettable quarter, better-than-expected factory data from China (even if some are a bit skeptical about that) is helping to set up investors for what could be another positive session. That mixes with hope for slowing infections around ...
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US regional carriers ask govt to prioritize them when awarding payroll grants WASHINGTON/CHICAGO (Reuters) - U.S. regional carriers asked the U.S. Treasury Department on Monday to prioritize assistance for them when awarding $25 billion in cash grants to help the struggling industry stay afloat, according to a letter seen by ...
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Coronavirus poses new threat to mortgage industry A flood of missed home-loan payments caused by the coronavirus outbreak is threatening to bankrupt U.S. mortgage lenders and deepen the economic toll of the pandemic. Grueling business closures and social restrictions imposed to slow the pandemic ...
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Here's What To Do If You Need Help With Your Mortgage Payment During The Coronavirus Outbreak If you're wondering how you're going to pay your mortgage due to the spread of coronavirus, you're not alone. Luckily, there are some things you can do to help take care of that monthly payment. Read on below to get a sense of what options are available to ...
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How to make your own yeast for baking As more people bake their blues away while stuck at home during the COVID-19 pandemic, yeast is reportedly becoming harder to find on grocery store shelves. There's no shame in turning to carbohydrates for comfort in times like these. But what's one to do ...
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Carnival Raises Cash By Issuing Stock and Taking on More Debt Facing an extended pause on all global cruise operations, Carnival (NYSE:CCL) is taking aggressive steps to shore up its cash position. The leading cruise giant said on Tuesday that it is issuing $1.25 billion of stock while also taking on nearly $5 billion of ...
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Domino's stock falls after pizza chain's same-store sales disappoint Domino's Pizza said it estimates U.S. same-store sales growth of 1.6% during the first quarter. U.S. same-store sales rose 1% from Feb. 24 to March 22. Domino's also withdrew its 2020 outlook related to general and administrative expenses, capital ...
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Spirit Cancels New York, New Jersey, Connecticut Flights After Travel Warning Spirit Airlines (SAVE) - Get Report said it was temporarily suspending all flights to and from New York, New Jersey and Connecticut following a warning from health officials against travel to the region that has been hit hard by the coronavirus pandemic.
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Norway central bank further raises its purchase of crowns OSLO (Reuters) - Norway's central bank will further increase its daily purchase of Norwegian currency to 2 billion crowns ($190 million) per day from 1.6 billion crowns earlier, selling foreign currency to fund government spending, it said on Tuesday. On March ...
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Fiat Chrysler Joins Detroit Auto Rivals in Cutting Salaries to Avoid Layoffs Fiat Chrysler Automobiles (NYSE:FCAU) has told its salaried workers that 20% of their pay from April through June will be deferred until later, as the company conserves cash to deal with the effects of the coronavirus pandemic. CEO Mike Manley will defer ...
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Seegrid raises $25 million for autonomous industrial vehicles Seegrid, a company that builds autonomous industrial vehicles for transporting materials, has raised $25 million in a round of equity funding from venture capital firm G2VP. Terms were not disclosed, but the company said its valuation was somewhere in the ...
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Delphi Technologies's stock tumbles after BorgWarner says draw on revolver is a breach of merger deal Shares of Delphi Technologies PLC DLPH, +5.96% plummeted 22% in premarket trading Tuesday, after the company said the received notice from fellow auto parts maker BorgWarner Inc. BWA, +3.71% that Delphi's decision to draw on its credit facility ...
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COVID-19 will slow the global shift to renewable energy, but can't stop it (The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Peter Fox-Penner, Boston University. (THE CONVERSATION) The renewable energy industry, which until recently was projected to enjoy ...
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Lender Kabbage Furloughs Workers, Warns Of SMB Cash Shortfalls Kabbage, which specializes in loans for small- to medium-sized businesses (SMBs), furloughed a "significant number" of its U.S. staff Monday (March 30) amid the ongoing coronavirus pandemic and ensuing economic meltdown, according to a report by ...
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Monzo CEO won't take salary for 12 months after limited number of staff offered voluntary furlough This article was updated 1.07pm GMT, to clarify Starling and Revolut's furlough situation. Monzo, the U.K. challenger bank with over 4 million account holders, is taking a number of precautionary steps to help see it through the current coronavirus downturn, ...
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Johnson & Johnson coronavirus vaccine could scale up to a billion doses by end of 2021: CEO Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. Johnson & Johnson has narrowed down a lead coronavirus vaccine candidate to test on humans and wants to scale up to nearly one billion ...
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Vanderbilt hospital looking to hire temporary nurses during coronavirus crisis NASHVILLE, Tenn. (WKRN) — Vanderbilt University Medical Center plans to hire nurses for temporary positions to help with the growing needs associated with the COVID-19 pandemic. In a statement released Tuesday morning, a hospital spokesperson said ...
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Airbnb to pay out $250 million to hosts to help ease coronavirus cancellation pain (Reuters) - U.S. home rental firm Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic. FILE PHOTO: Airbnb logo is seen in front of ...
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Girls Scouts move cookie sales online amid coronavirus social distancing As organizations around the country deal with this unprecedented time of isolation and social distancing, the Girl Scouts of the USA are no different. In a statement, the organization which describes themselves as "the largest investment in girls annually," has ...
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US home prices rose at 3.1% annually in January BALTIMORE (AP) — U.S. home price growth was showing signs of acceleration in January, a sign of the solid demand that existed before the coronavirus outbreak caused millions of job losses and tossed the U.S. economy into a likely recession. The S&P ...
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COVID-19 outcome: British Airways suspends services at Gatwick London: British Airways suspended operations at its second London hub at Gatwick airport as the airline industry enters deep hibernation to weather the impact of the coronavirus. With just over a week to go until the Easter holidays, the IAG SA-owned carrier ...
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'There is no social distancing going on': Ridgewood post office struggles to deliver mail during COVID-19 crisis Many residents of Ridgewood, Maspeth, Glendale and Middle Village were left without mail delivery for almost a week after one staff member at the Ridgewood USPS post office tested positive for COVID-19. The employee, who asked to remain anonymous, ...
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FedEx to hire 400 in Olive Branch MEMPHIS, Tenn. — As layoffs continue in many industries, FedEx says it's looking to hire 400 package handlers at its Olive Branch, Mississippi facility. FedEx is considered an essential business and continues to deliver supplies and products during the ...
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Six Flags Great Escape Extends Closure due to COVID-19 LAKE GEORGE, NY - The COVID-19 pandemic continues to cause delays and closures for local events and attractions. MORE: WATCH: Gov. Cuomo's daily COVID-19 briefing, as Navy hospital ship arrives in NYC. The Six Flags Great Escape Resort will ...
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Bitcoin's Recent Recovery Won't Salvage a Terrible Month for Prices While bitcoin has climbed sharply from recent lows below $4,000, it's still on track to end March with a double-digit price loss. The top cryptocurrency by market value is currently trading near $6,440, representing nearly a 68 percent rise from the low of $3,867 ...
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Edited Transcript of CRON earnings conference call or presentation 30-Mar-20 9:30pm GMT Q4 2019 Cronos Group Inc Earnings Call. TORONTO Mar 31, 2020 (Thomson StreetEvents) -- Edited Transcript of Cronos Group Inc earnings conference call or presentation Monday, March 30, 2020 at 9:30:00pm GMT. TEXT version of Transcript.
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Under Armour to Make 500000 Masks, Other Equipment for Healthcare Workers Under Armour (NYSE:UA) has joined an everwidening collective effort by big companies to assist with the SARS-CoV-2 coronavirus pandemic. The athletic apparel company said in a statement disseminated to media outlets on Monday that it will make ...
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Coronavirus: American Airlines to seek $12bn in state aid The US' biggest carrier American Airlines will ask for $12bn (£9.7bn) in government aid in order to prevent it from making any pay cuts or laying off staff over the next six months. In a memo to employees last night, chief executive Doug Parker said that with the ...
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Gov. Beshear urges distancing at essential stores LOUISVILLE, Ky. (WAVE) - While people have free time on their hands and are staying home due to the coronavirus outbreak, a lot of people are going out to shop, with popular spots being home improvement stores. However, many are not keeping a safe ...
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Prosecutor: Genesee County man claimed to have COVID-19 while touching 'everything' at Kroger If a global pandemic isn't scary enough, Genesee County Prosecutor David Leyton says a Mt. Morris man Johnathan David-Asher Miracle was allegedly attempting to spread COVID-19 when he was asked to leave a Genesee Township Kroger. "He was ...
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