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Apple CEO Tim Cook says company saw an 'uptick across the board' in late April thanks to stimulus and work from home Apple isn't providing June quarter guidance, but executives gave significant insight into how the company is dealing with the coronavirus pandemic and the economic fallout in a conference call with analysts. Apple CEO saw an 'uptick across the board' in ...
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Who Decides What Is A Small Business For PPP Loans? The Paycheck Protection Program (PPP) has been extended with an additional $310 billion amidst lawsuits, controversies, and allegations of crony capitalism. The fund for forgivable loans, designed to cover 8 weeks of business and encourage small ...
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Stocks making the biggest moves after hours: Amazon, Apple, Western Digital and more Check out the companies making headlines after the bell. Amazon — The e-commerce giant's stock tumbled 5% in extended trading after the company posted its first-quarter financial results. The company reported first-quarter earnings of $5.01 per share, ...
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Twitter Starts Shock War With Bitcoin And Crypto Bitcoin and cryptocurrencies have long struggled to find their place on some of the world's biggest technology platforms. Twitter, whose chief executive Jack Dorsey has emerged as one of Silicon Valley's biggest bitcoin proponents, is plagued by crypto ...
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Musk outburst over 'fascist' coronavirus shutdown shows pressure to keep up growth Elon Musk's emotional eruption on a conference call with analysts Wednesday followed a couple high-stress events. And it followed a financial report that indicates that Tesla may need to raise more capital. That morning, the Tesla chief executive held a video ...
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Visa withdraws annual outlook amid virus outbreak (Reuters) - Visa Inc (V.N) on Thursday decided to pull its full-year outlook on rising unemployment numbers and more people conserving cash during the COVID-19 pandemic even while posting a second-quarter profit that rose 4%. FILE PHOTO: A Visa credit ...
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Microsoft Previews Windows Virtual Desktop Integrated with Azure Resource Manager Microsoft on Thursday announced that its Windows Virtual Desktop (WVD) service has been revamped as an Azure service with a so-called "spring update" release, which is now available at the preview stage within the Azure Portal. WVD got commercially ...
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Fed's expansion of lending program sparks oil bailout worries A member of the commission tapped by Congress to oversee bailout funds voiced concern Thursday that the Federal Reserve is seeking to prop up struggling energy companies through its expansion of an emergency lending program aimed at mid-sized ...
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ConocoPhillips CEO says 'we're on the lookout' for acquisitions as oil prices stay under $20 "It's got to be accretive, can't destroy our financial framework. But we're watching it very closely," Ryan Lance said about potential deals. Energy stocks have been pummeled this year as the demand for oil has evaporated with large portions of the world ...
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A make-or-break moment for McDonald's Chris K. The COVID crisis is an opportunity for the burger giant's new CEO to put his frayed ties with franchisees on a better footing for the future. It's also his chance to damage the relationship beyond repair. Joe Cahill. On Business. Tweet · Share; More. Share · Email.
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Walmart expanding Express Delivery to 1000 stores to meet demand amid coronavirus crisis Walmart is escalating its delivery strategy to customers, most of whom are still living under stay-at-home orders, and at the same time bolstering its retail competition with Amazon. The nation's largest retailer is expanding its two-hour Express Delivery service ...
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Eurozone Economies Shrink To Record Levels Due To Coronavirus Crisis Europe's economy contracted at a record rate in the first three months of 2020 as the financial shock caused by the novel coronavirus is being increasingly felt across the bloc, highlighting the need for joint EU economic cooperation. Gross domestic product ...
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Amazon could spend $300M on developing COVID-19 testing this quarter Amazon on Thursday disclosed that it expects to spend somewhere around $300 million this quarter developing its own COVID-19 testing system, in a move that could influence how other companies with large warehouse and factory operations try to resume ...
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Why Teladoc Stock Dropped Today Shares of Teladoc Health (NYSE:TDOC) fell 6% on Thursday, following the release of the telehealth leader's first-quarter results. So what. Teladoc's revenue surged by 41% year over year, to $180.8 million. The gains were driven by a 29% rise in subscription ...
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Cruise ship worker says she's stuck on boat, spends '21 hours a day' in '200-square-foot' room Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Due to the coronavirus pandemic, some cruise ship workers are having a difficult time getting home. A worker on the Holland America ship MS Oosterdam says that ...
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Amazon will open fourth distribution center in Maryland, adding 500 jobs to Sparrows Point site Amazon plans to open a new distribution center at Tradepoint Atlantic in eastern Baltimore County in time for this year's holiday season, where 500 workers will pack and ship large consumer items such as sports equipment and furniture. It will be the online ...
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Wells Fargo Stops Accepting Home Equity Credit Line Applications Wells Fargo & Co. will temporarily stop accepting applications for home equity lines of credit, following a similar move by rival JPMorgan Chase & Co. Wells Fargo will stop taking Heloc applications after Thursday as the largest U.S. home lender navigates the ...
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Mother's Day takeout dining guide: Treat mom to surf & turf, quiche, mimosas and more Mother's Day is usually one of the biggest dining days of the year. Whether it's for brunch or dinner, Lexington restaurants are often booked well in advance. But not this year when Mother's Day rolls around May 10. With restaurants closed to dine-in as a ...
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COVID-19 testing begins for Walmart employees in Worcester WORCESTER - A COVID-19 testing site was set up Thursday on Tobias Boland Way for employees of the Walmart Supercenter that was ordered closed Wednesday because of a coronavirus outbreak. City Manager Edward M. Augustus Jr. said at Thursday's ...
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Coronavirus will reduce global energy demand by 6%—equal to all of India's consumption Energy demand could fall as much as 6% for the entire year due to shutdowns in response to the novel coronavirus pandemic, according to a new report from the International Energy Agency (IEA). The Paris-based intergovernmental agency's latest Global ...
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Mark Cuban: We need to create millions of jobs that pay well Dallas Mavericks owner and entrepreneur Mark Cuban thinks a federal jobs guarantee program is necessary to fix the economy. He also says small businesses need clarification from the Treasury on the PPP loan program. Source: CNN Business ...
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Here's what Texas restaurants must do when they reopen Friday EL PASO, Texas-- Texas Gov. Greg Abbott has said that restaurants will be allowed to open on Friday. This comes as some in the Borderland would like to return to eating at some of El Paso's favorite dining hot spots. Abbott's restrictions for re-opening ...
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Costco will require face masks, return to regular hours starting Monday All visitors to Costco will be required to wear face masks starting Monday, the same day Costco stores will be returning to regular store hours. This return comes after a month-long change in hours, which was made in response to the COVID-19 pandemic, ...
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Moody reaches $20 million settlement in oncology probe TALLAHASSEE, Fla. — Attorney General Ashley Moody's office has reached a $20 million settlement in a probe into whether a major cancer-treatment firm improperly worked with competitors in dividing up care in the state. Attorneys for Moody and Florida ...
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La Plaza Mall implements safety protocols for shoppers MCALLEN, Texas – La Plaza Mall is implementing safety protocols to encourage safety amongst shoppers. Simon Property Group is reopening some of its malls, two of which are right here in the Rio Grande Valley including La Plaza Mall and Rio Grande ...
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Texas Railroad Commission proposes cuts to oil production TEXAS, USA — The Texas Railroad Commission has set a vote for Tuesday, May 5 on a proposal to cut oil production in the state by 20 percent, which would take about one million barrels per day out of the market. Small companies which produce less than ...
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Salvation Army launches hotline for those struggling during the pandemic; looking for donations LOUIS (KMOV.com) -- People who were already struggling before the coronavirus pandemic have been hit especially hard and the Salvation Army is stepping up efforts to help. Officials with the Salvation Army say they continue to provide emergency ...
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Mankato Farmers' Market ready to open with new guidelines MANKATO — Shoppers at Mankato Farmers' Market 2020 opener Saturday will probably notice the vendor stalls are spread out a bit more than in previous seasons. "We don't have as many people (vendors) in the spring, so we can provide extra spacing," ...
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NC unemployment insurance claims decline for third consecutive week North Carolina experienced last week an 8.5% decrease in individuals filing for initial unemployment insurance benefits in response to the COVID-19 virus, the U.S. Labor Department said Thursday. At 97,232 claims for the week that ended Saturday, down ...
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The Bachelor Farmer in North Loop closing permanently MINNEAPOLIS (FOX 9) - The Bachelor Farmer, Marvel Bar and its cafe, are closing their doors permanently following economic losses due to COVID-19 and under the stay-at-home order. Owner Eric Dayton says the business was already "walking a fine line" ...
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Molina To Buy Magellan Medicaid And Medicare Plans For $820 Million Molina Healthcare said it will buy the Magellan Complete Care line of health plans from Magellan Health for $820 million, expanding the health insurer's Medicaid and Medicare government health benefits businesses into new markets. Magellan Complete ...
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Start planning now for Paycheck Protection Program loan forgiveness By Thomas E. Rutledge Stoll Keenon Ogden, PLLC. The Paycheck Protection Program (the "PPP") has provided some $660 billion in loans to businesses to fund payroll and other expenses. We have reviewed aspects of the PPP in several prior articles.
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