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Coronavirus Updates: French Economy Records Sharpest Ever Contraction The U.S. economy shrank at a 4.8% pace in the first quarter, the steepest contraction since the last recession. More spending from Congress will be needed to ensure recovery, Fed Chairman Powell said. France's economy contracted 5.8% in the first three ...
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Microsoft's Windows Virtual Desktop spring refresh: What's new and next Credit: Microsoft. Cloud. Top cloud providers in 2020: AWS, Microsoft Azure, and Google Cloud, hybrid, SaaS players · The best email hosting services: G Suite and Microsoft 365 are not your only options · Microsoft Teams: How to master remote work beyond ...
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Stock market live updates: Dow futures off 300, jobless claims top 30 million, best month since '74? This is a live blog. Please check back for updates. 9:08 am: Consumer spending drops in March. U.S. consumer spending dropped 7.5% in March, compared with a year earlier, as Americans stayed home in an effort to slow the spread of the coronavirus.
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GLOBAL MARKETS-Stocks nurse record monthly gains ahead of ECB ... * Gilead's remdesivir shows promise in clinical trial. * MSCI world stocks heads for best month on record. * Major currencies in holding pattern. * Oil markets still wild, Brent last up 11.8%. * ECB to hold press conference at 1330 GMT. By Marc Jones.
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Thyssenkrupp taps 1 billion euro in state aid amid cash squeeze before elevator sale FRANKFURT (Reuters) - Thyssenkrupp (TKAG.DE) has secured about 1 billion euros ($1.1 billion) of state aid to tide it over until it receives the money from the sale of its elevator division, two sources said on Thursday, the latest German company to tap ...
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Eurozone Economy Suffers Record Contraction, Steeper Than US The eurozone economy shrank at the fastest pace on record during the first three months of this year, contracting more sharply than the U.S. during the same period, as lockdowns imposed to limit the spread of the novel coronavirus brought much business ...
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Oil Prices Set for Deeper Fall in 2020, Even as Lockdowns Ease (Reuters) - Oil prices are headed for further falls this year even as countries ease restrictions related to the coronavirus crisis, while output cuts by top producers will do little to fix a supply glut, a Reuters poll showed on Thursday. The survey of 45 analysts ...
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Cut Us Some Slack, German Travel Start-Ups Tell Google BERLIN — A group of leading German travel start-ups appealed to U.S. tech giant Google on Thursday to offer them easier terms on paying for advertising to help them ride out the coronavirus pandemic that has devastated their business. The letter, signed by ...
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PRECIOUS-Gold set for best month in 4 years as central banks unleash stimulus (Adds ECB statement, updates prices) * ECB keeps rates unchanged at policy meeting * U.S. Fed keeps interest rates near zero * Gold up more than 9% so far this month * For an interactive graphic tracking the global spread, open tmsnrt.rs/3aIRuz7 in an ...
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Donuts Over Burgers: Why Dunkin' Brands Stock Looks More Attractive Than McDonald's McDonald's (NYSE: MCD) stock has declined by close to 12.6% since early February after the WHO declared the Coronavirus a global health emergency, while Dunkin' Brands stock has fared worse and lost 21.7% of its value. The lockdown in various parts of ...
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FDA will reportedly authorize use of remdesivir for Covid-19 after trial shows 'positive effect' on recovery time (CNN) Researchers released some good news about a possible treatment for coronavirus Wednesday -- evidence that the experimental drug remdesivir might help patients recover more quickly from the infection. The US Food and Drug Administration has ...
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Another 3.8 Million Americans File for Jobless Benefits Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million since the coronavirus pandemic began to shutter businesses across the country. Initial jobless claims totaled 3.84 million in the week ended April ...
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Musk v Zuckerberg: Opposing views on America's shutdown The technology giants of Silicon Valley are among the few winners from the global pandemic. Their share prices are holding up or even surging ahead as investors bet they will come out of the crisis even stronger. But Covid-19 has also shone a spotlight on ...
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5 Really Impressive Numbers in Teladoc Health's Q1 Update The telehealth services provider's bottom line didn't look great. But pretty much everything else did. Keith Speights. (TMFFishBiz). Apr 30, 2020 at 7:00AM. Author Bio. Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics ...
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Macy's says it plans to have all of its stores reopened in 6 weeks Macy's is planning to reopen 68 department stores Monday, in states including South Carolina and Georgia. It expects to have all of its roughly 775 stores reopened in six weeks, should Covid-19 infection rates taper off, and local governments allow retailers ...
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Chick-Fil-A Is Bringing Back Its Meal Kits For Pantry-Fatigued Families It's been about a year and a half since Chick-fil-A first tested meal kits at 140 Atlanta area restaurants. Although that test showed promise, the kits never made it to the permanent menu. Now, the chain is bringing them back as a seasonal offering. Beginning ...
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Marlboro Maker Warns Smokers Will Turn to Cheaper Cigarettes Marlboro maker Altria Group Inc. said it has paused the rollout of its new heated tobacco product because of the coronavirus pandemic and expects cigarette smokers to trade down to cheaper brands as an economic downturn takes hold. The company said ...
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SoftBank is taking a $6.6 billion hit from WeWork's stumbles Softbank is taking a $6.6 billion hit on its WeWork investment. The company's value has sunk drastically in recent months following its failed IPO bid. Overall, Softbank's portfolio is under massive pressure following big tech bets on everything from ride-hailing ...
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Comcast Profit Slides as Pandemic Hits Movies, Theme Parks Comcast's net income slid in the first three months of the year as the coronavirus pandemic forced it to shut down its theme parks and its movies were kept out of shuttered theaters. Comcast also reported Thursday that it lost 409,000 cable TV customers, the ...
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Kraft Heinz Reports Higher Demand for Mac & Cheese, Nuts, Other Staples Kraft Heinz Co. reported higher demand for many of its products in the first quarter as consumers in the U.S. snapped up food to eat at home during the coronavirus pandemic. The maker of Kraft cheeses, Oscar Mayer cold cuts, Planters nuts and other food ...
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Fears of Bitcoin Dump Intensify as Price Fails to Break 2017-2020 Resistance Bitcoin popped towards its two-month high early on Thursday, breaking above $9,400 amidst halving hype. But the cryptocurrency failed to secure its intraday gains as it corrected lower by about $937 from the local top. The pullback started at the same level ...
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Spain's ravaged economy suffers worst quarterly contraction on record MADRID (Reuters) - Spain's economy shrunk by its biggest amount on record, 5.2%, in the first three months of 2020 due to the crippling impact of the coronavirus crisis, preliminary data showed on Thursday. FILE PHOTO: People keep social distance as they ...
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US consumer spending plunges 7.5% in March, reflecting virus U.S. consumer spending plunged 7.5% in March. The drop reflected the growing impact of the coronavirus pandemic as Americans complied with stay-at-home orders. The spending plunge was accompanied by a sharp 2% decline in personal incomes in ...
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Nokia Says Won Share of China Unicom 5G Core Network Order (Reuters) - Nokia has won a share of China Unicom's 5G core network order alongside Huawei and ZTE, Nokia's Chief Executive Rajeev Suri told Reuters in an interview, citing information published by the telecom operator. "We are the only foreign supplier ...
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Chesapeake's stock sinks after Reuters report of bankruptcy preparations Shares of Chesapeake Energy Corp. CHK, -7.98% tumbled 23% in premarket trading Thursday, after Reuters reported late Wednesday that the oil and gas production company was preparing for a potential bankruptcy. The stock had plunged 33% over the ...
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Many borrowers won't have to make missed mortgage payments all at once The Federal Housing Finance Agency affirmed Monday that borrowers who are approved to pause or temporarily reduce their mortgage payments and whose loans are owned by Fannie Mae or Freddie Mac are not required to make a lump-sum payment ...
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Mother's Day gifts 2020: Twenty-five gift ideas to honor mom – in person or long distance Mother's Day this year – like most everything this spring – will be different. Instead of going to visit mom or grandmom for brunch and a visit, we'll likely be at home. But the fact that most of us will be social distancing doesn't mean we shouldn't celebrate mom.
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Brewery Strong non-profit forms to aid NJ hospitality workers affected by the COVID-19 crisis While there are more than 100 craft breweries in the state, the community is a tight one. It is commonplace to hear owners of a new start-up talk about the support they've gotten from well-established breweries, and brewers tout their favorite brews made in ...
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Facebook Shares Surge After Q1 Revenue Beat; Sees April Ad Sales Stability Facebook Inc (FB) - Get Report shares surged higher in pre-market trading Thursday after the social media group topped Wall Street revenue forecasts and noted that it was seeing some stabilization in ad markets over the month of April. Facebook said total ...
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Lloyds profit sinks on impairment amid pandemic Lloyds Banking Group PLC reported Thursday a significant fall in pretax profit for the first quarter of 2020 due to higher-than-expected impairments and said it is suspending its previous guidance. The U.K.'s largest retail bank made a pretax profit of 74 million ...
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Tesla Cybertruck competitor Bollinger has a new electric pickup that can be customized for any kind of work use The world needs more electric trucks. They're versatile, usable, customizable, they look cool — and because they don't run on fuel, they're even better. And if you want an electric truck with endless possibilities for customization, Bollinger Motors' upcoming ...
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Free and reduced-rate hotel rooms help essential workers rest easy Health care workers battling COVID-19 and worried about bringing the disease home to their families can now rest with more peace of mind: About a dozen hotels on the Island are offering free or highly reduced room stays to these local medical workers, ...
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HUL Q4 net profit drops 3% to Rs 1520 crore: Key takeaways NEW DELHI: Hindustan Unilever (HUL) missed analyst estimates and reported a 3.43 per cent year-on-year (YoY) drop in consolidated net profit at Rs 1,520 crore for March quarter as production and supply chain was partly hit by lockdown. The company ...
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Virus Adds to Woes of Nigerian Banks Beset by Oil's Collapse Nigerian banks have more to worry about than the coronavirus: Cratering oil prices and the threat of another naira devaluation are emerging as the biggest risks to how many lenders will emerge unscathed. The industry has already agreed to forgo profit to ...
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GlaxoSmithKline's Zejula jumps ahead of Lynparza with all-comers ovarian cancer nod GlaxoSmithKline's Zejula is the first PARP inhibitor to win a first-line ovarian cancer maintenance nod for all-comers. (GlaxoSmithKline). Share Facebook Twitter LinkedIn Email Print. Since late 2018, women with ovarian cancer who responded to an initial ...
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Trump: Postal Service must charge Amazon more or no loan By Martin Crutsinger and Darlene Superville | Associated Press. WASHINGTON — President Donald Trump won't approve a $10 billion loan for the U.S. Postal Service unless the agency raises charges for Amazon and other big shippers to four to five times ...
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Amazon buys heat-sensing cameras from blacklisted Chinese firm Cameras to check workers' temperatures amid coronavirus come from Dahua, which allegedly helped Beijing detain Muslims. Reuters. Wed 29 Apr 2020 15.14 EDT Last modified on Wed 29 Apr 2020 16.01 EDT. Share on Facebook · Share on Twitter · Share ...
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Gildan Activewear Reports First Quarter 2020 Results Q1 2020 sales of $459 million, GAAP diluted loss per share of $0.50, and adjusted diluted EPS1 of $0.06 per share, significantly impacted by the COVID-19-driven global economic slowdown; COVID-19-related impacts reflected in both GAAP loss and ...
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British Airways to cut 1130 pilots as it plans to make 12000 staff redundant British Airways is set to cut 1,130 pilot jobs as the airline continues to struggle at the hands of the global coronavirus crisis. It comes after the carrier warned up to 12,000 roles could be axed - including cabin crew and ground staff, amid ongoing travel ...
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Spotify Draws Users, but Ads Slip — WSJ This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (April 30, 2020). Spotify Technology SA continued to add paying and advertising-supported users in the ...
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India Inc's profit, revenue to fall in double-digits in FY21: Crisil Mumbai: Corporate India will be reporting its worst performance in a decade during the ongoing fiscal year with a double-digit revenue decline and an even higher dent on profitability as India is likely to lose 4% of its GDP to Covid-19, according to one report.
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Flutter to complete Stars Group deal on May 5 Shares in betting firm Flutter Entertainment jumped in Dublin today after it said it expects to complete its acquisition of The Stars Group on May 5 following shareholder and regulatory approvals. The deal between the Paddy Power owner and the Poker Stars ...
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Gaming Director Tweets Video Possibly Detailing Future Of Brick-And-Mortar Gambling A gaming professional tweeted a video of what casino gaming could look like once brick-and-mortar gambling returns to the U.S.. Joe Bunevith, founder of the poker training site Deuces Cracked and a director of Las Vegas gaming company Synergy Blue, ...
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Norway's rare tax changes to save oil industry would be 'very welcome' in UK, says expert Norway has outlined plans for "extremely rare" changes to its tax regime to save the crisis-hit oil industry which would be "very welcome" for UK firms, according to an expert. The changes, to go before the Norwegian parliament on May 12, will increase the ...
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Turkish cenbank chief defends crisis-era drop in reserves ISTANBUL — The head of Turkey's central bank mounted a defense of its crisis-era policies on Thursday, downplaying a sharp drop in FX reserves and dismissing concerns that it was defending the currency from falling past key levels. In an online ...
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Vail Resorts Announces Pricing of Senior Notes Offering BROOMFIELD, Colo., April 29, 2020 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today announced the pricing of its previously announced senior notes offering. The Company priced $600 million in aggregate principal amount of 6.250% senior notes due ...
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Trump's COVID-19 Testing Claim Is Way Off The United States has not done more COVID-19 testing than "every country combined," as President Donald Trump claimed in remarks during a recent press briefing. In fact, three countries alone — Russia, Germany and Italy — have done more combined ...
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WordPress security flaws hit online learning platforms Researchers have revealed worrying security flaws in three leading WordPress plugins - LearnPress, LearnDash and LifterLMS - deployed by top academic institutions and Fortune 500 companies for delivering remote learning sessions. According to Check ...
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Almost all companies are now embracing multicloud Flexera's new State of the Cloud report has revealed that almost all enterprises have embraced multicloud with 93 percent of companies now using multiple cloud service providers. To compile its report, the company surveyed 750 respondents from 554 ...
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