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Fed lending programs may get more funds, but not airlines: Treasury's Mnuchin WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday he is ready to invest more capital in new or expanded Federal Reserve coronavirus rescue lending programs but is not considering more aid to struggling airlines at the ...
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JetBlue wants to suspend service at 16 major airports; Delta wants to halt service to 9 cities Airlines grappling with a dearth of passengers continue to ask the government to let them temporarily cut more routes, with Delta and JetBlue both submitting new requests on Tuesday. Delta Air Lines petitioned the Department of Transportation for permission ...
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Smallest Lenders Get Their Own Time Slot to Seek Virus Loans The U.S. Small Business Administration, under pressure to dole out relief funds to mom-and-pop firms in dire need of cash, gave small lenders a dedicated time slot of eight hours on Wednesday to submit the applications on behalf of their clients. The agency ...
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Fed Chair Jerome Powell says the economy may 'need more support' for a robust recovery to be possible "It may well be the case that the economy will need more support from all of us if the recovery is to be a robust one," Fed Chair Jerome Powell said. The Fed said it intends to keep the benchmark between 0% to 0.25% "until it is confident that the economy has ...
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Trump administration lists some of Amazon's foreign websites as 'notorious' counterfeit markets The Trump administration Wednesday included Amazon's foreign websites in Canada, the U.K., Germany, France and India in its annual report on "notorious markets" for counterfeit foreign goods, the first time a U.S. company's overseas operations have been ...
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Amazon, IBM and Microsoft race to bring global access to quantum computing IBM's 50 qubit quantum computer. James Martin/CNET. In the heady world of quantum computing, there's a race afoot. Across the globe, tech giants are building their own machines and speeding to make them available to the world as a cloud computing ...
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Spotify Gains 6 Million Paid Subscribers As Listening Habits Change Due To Coronavirus Spotify just reached 130 million paid subscribers, according to the company's Q1-earnings report. The Stockholm-based company notched 286 million monthly active users (or MAUs) by quarter's end, which marks a 31% rise year-on-year from the 217 million ...
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Boeing Cuts Its Workforce Due To The Coronavirus Crisis On a day the Commerce Department reported that the U.S. economy shrank 4.8% in the first quarter, ending a record long expansion, a company that usually represents American economic might has bad news, as well. Boeing reported a $641 million loss for ...
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Qualcomm expects a steep drop in phone shipments as coronavirus hurts demand Qualcomm, based in San Diego, Calif., is the world's biggest mobile chipmaker. Shara Tibken/CNET. For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. Qualcomm on Wednesday became the latest ...
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Workers prepare to strike May 1, amid strained pandemic working conditions The global pandemic has tested the bounds of businesses across the world and transformed the way many of us live our lives. For those among us who are unable to leave our homes at all as COVID-19 virus rages, online retail and food services have been a ...
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VW, Toyota delay US production restart, citing supplier concerns (Reuters) - Volkswagen AG (VOWG_p.DE) and Toyota Motor Corp (7203.T) said on Wednesday they will delay restarting U.S. production amid the coronavirus pandemic and concerns about the automotive supply network. FILE PHOTO: A general view of the ...
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Mark Zuckerberg Is Donating $13.6 Million To Study COVID-19 Spread In Bay Area On Wednesday morning, the Chan Zuckerberg Initiative — the philanthropic and investing arm of Facebook CEO Mark Zuckerberg and his wife Priscilla Chan — announced it would give $13.6 million to fund a nine-month research project to better understand ...
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Exclusive: Amazon turns to Chinese firm on US blacklist to meet thermal camera needs NEW YORK/SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) has bought cameras to take temperatures of workers during the coronavirus pandemic from a firm the United States blacklisted over allegations it helped China detain and monitor the ...
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AMD Still Sees Strong Growth This Year Advanced Micro Devices (NASDAQ:AMD) met analyst expectations with its first-quarter report on Tuesday evening, with revenue of $1.79 billion and adjusted earnings per share of $0.18. Revenue was up 40% year over year, although it slumped 16% from ...
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Microsoft's Cloud Business Helps Offset Pandemic Woes REDMOND, Wash. — Ongoing demand for Microsoft's cloud computing services help softened the blow of the coronavirus pandemic on the software giant's other products during the first three months of the year. The company on Wednesday reported fiscal ...
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How to budget for your home office using credit cards This page includes information about Discover products that are not currently available on Bankrate and may be out of date. Working from home used to be a privilege reserved for freelancers, consultants and independent contractors. These days, though ...
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Exxon Mobil maintains dividend even as oil prices crater (Reuters) - Exxon Mobil Corp on Wednesday maintained its quarterly dividend, a move closely watched by investors at a time when the oil industry faces a slump in demand and prices as the coronavirus pandemic puts a break on economic activity.
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Walmart, Costco and Trader Joe's accused of inflating egg prices amid coronavirus pandemic Walmart, Costco, Trader Joe's, Kroger and dozens of other food retailers have been accused of illegally inflating the price of eggs sold in California amid skyrocketing demand due to the current global health crisis. A lawsuit filed Monday in the U.S. District ...
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FAQ: What You Need To Know About Dallas Restaurants Reopening On Monday afternoon, Gov. Greg Abbott announced that businesses, including restaurants, will be able to reopen at 25 percent capacity on Friday, May 1. That's just two days away. Even with the state's minimum health protocols, several unknowns remain ...
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Lyft tightens its belt, laying off 17% of its workforce This is Lyft's second round of layoffs this year. Angela Lang/CNET. Lyft is significantly cutting back its staff. The ride-hailing company revealed in a regulatory filing on Wednesday that it's terminating about 982 employees, which is 17% of its workforce. Lyft said ...
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Metra Reduces Schedule On Heritage Corridor Due to low ridership from the coronavirus, there will now be one inbound trip in the morning and one outbound trip in the evening. By Andrea Earnest, Patch Staff. Apr 29, 2020 3:47 pm CT. Reply. 0. The morning train will now leave Joliet at 6:25 a.m., and the ...
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Cryptocurrency in Focus: Bullish Bitcoin Watchers Drool Over the Great 'Halving' Like the leap year that comes every four years, it's that time again for Bitcoin ( (BTC) ). We're talking about "halving" -- which often causes a speculative rise in the value of the cryptocurrency. For those not familiar, Bitcoin halving, which takes place in two ...
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Hertz Misses Lease Payments, In Talk to Avoid Bankruptcy Hertz Global Holdings (NYSE:HTZ) missed a lease payment and is prepping for a possible bankruptcy filing, sending shares plunging 15% on Wednesday. The COVID-19 pandemic has hit the travel industry hard, and Hertz is no exception. The company said ...
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Fresh Del Monte profit, sales decline Fresh Del Monte Produce Inc. on Wednesday reported a smaller first-quarter profit year over year as sales ticked down during the Covid-19 pandemic. The Coral Gables, Fla.-based company, which sells fruits and vegetables, reported a profit of $13 million, ...
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CME profit tops estimates with futures trading up during virus-led crisis (Reuters) - CME Group (CME.O), the world's biggest futures exchange operator, on Wednesday reported first-quarter profits that beat Wall Street estimates, as trading volumes spiked during the volatility sparked by the coronavirus crisis. The rapid spread of ...
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Crown Castle International Corp Q1 adjusted earnings of $1.42 per share (RTTNews) - Crown Castle International Corp (CCI) announced earnings for first quarter that decreased from last year. The company's profit came in at $157 million, or $0.38 per share. This compares with $165 million, or $0.40 per share, in last year's first ...
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How coronavirus will forever change airlines and the way we fly Higher fares, fewer routes, preflight health checks and less free food: The coronavirus pandemic is ushering in a new era of air travel. Apr. 29 2020 @ 9:23pm. Higher fares, fewer routes, preflight health checks and less free food: The coronavirus pandemic is ...
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The Best Food Gifts For Every Type of Mom Pandemic or not, it's not always possible to join your mom for an in-person Mother's Day meal. The next best thing? Sending mom her favorite food and calling her to enjoy a virtual meal together. Thanks to some nifty services, shipping mom a treat that will ...
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iRobot pauses launch of its Terra robotic lawn mower iRobot will no longer launch the Terra robot lawn mower in 2020. iRobot. iRobot has suspended plans to launch its Terra robot lawn mower. Citing the market impact of the coronavirus, a company spokesman told CNET that iRobot will "increase focus on its ...
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Why Designer Luc Donckerwolke's Departure from Hyundai Matters Luc Donckerwolke, Hyundai Motor Group executive vice president and chief design officer, has resigned from his position effective immediately. The Belgian designer joined the Hyundai group in November 2015 and played a key role in the launch of its ...
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2020 Dick's Sporting Goods Open golf tournament in Endicott is canceled Endicott, N.Y. — The 2020 Dick's Sporting Goods Open golf tournament set for August has been canceled because of concerns stemming from the coronavirus pandemic, event organizers announced Wednesday. The PGA Tour Champions golf tournament ...
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Many laid-off US workers due to coronavirus might make more money with unemployment benefits WASHINGTON - Roughly half of all laid-off workers in the United States could reportedly make more money in unemployment benefits than they did at their job prior to the coronavirus pandemic. The outbreak of COVID-19 shut down a wide swath of ...
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Police arrest 21-year-old in connection with fatal mail carrier shooting in Indianapolis LOUISVILLE, Ky. (WDRB) -- A 21-year-old man has been arrested in Indianapolis on suspicion that he was involved in the shooting death of U.S. Postal Service carrier Angela Summers, the U.S. Postal Inspection Service said. Tony Cushingberry was arrested ...
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GE closes New Orleans technology center - 100 jobs to be lost GE will be closing its New Orleans technology center due to the economic effects of coronavirus. The move will result in the layoffs of approximately 100 workers, the company said Wednesday. The move is effective June 30, 2020. GE launched the technology ...
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Valero swings to loss as revenues fall The San Antonio refiner Valero said Wednesday that it swung to a loss in the first quarter as revenues fell amid plunging demand and prices for petroleum products. Valero said it lost $1.9 billion in the first three months of the year, compared to a profit of $141 ...
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Oshkosh Corp. planning furloughs, temporary shutdowns OSHKOSH (WLUK) -- Employee furloughs, lower salaries and temporary plant shutdowns are among the steps Oshkosh Corp. is planning to save $80-100 million amid the coronavirus pandemic. "Oshkosh delivers essential products and services and we ...
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Dunkin' continues free donuts every Friday in May, offers $2 medium iced coffees on Mondays If you've been taking advantage of free doughnuts every Friday for the past two months at Dunkin' — or even if you haven't — the Canton-based chain is continuing the deal through May. The promotion originally started in March but was continued through ...
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Diagnostics firm says new Covid-19 test could be used 1 million times a week Hologic, a maker of diagnostic tests, said Wednesday that it is launching a new test for Covid-19 and that it could produce 1 million of them a week, a pace that would significantly expand testing capacity in the United States. Over the last seven days, the U.S. ...
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Boston Scientific's profits drop 97% as Q1 sales rise amid outbreak Boston Scientific said at the start of April it would temporarily reduce some employee work schedules and reduce executive and board pay, citing an expected effect of medical offices delaying elective surgeries. But the coronavirus pandemic hasn't hurt the ...
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Wynn Resorts offering free coronavirus testing to employees Wynn Resorts and University Medical Center (UMC) announced a unique partnership today, which will allow all employees of Wynn Las Vegas to have access to testing for the COVID-19 virus at no cost to the employee. UMC's investment in a new lab has ...
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Pennsylvania Is Very Close to Letting Restaurants Sell Takeout Cocktails Restaurants may soon be able to sell cocktails to go in Pennsylvania, as the state considers relaxing liquor laws during the coronavirus pandemic. On Tuesday, the PA House of Representatives voted 193-9 to amend a liquor bill to temporarily allow the sale ...
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Prosecutors oppose Martin Shkreli's coronavirus early prison release bid, call him 'delusional,' greedy Federal prosecutors on Wednesday called notorious pharmaceutical industry fraudster Martin Shkreli "delusional" and greedy as they opposed his bid to win early release from prison. Shkreli is asking a judge to release him into home confinement both so he ...
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