Thursday, April 30, 2020

Google Alert - finance

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finance
As-it-happens update April 30, 2020
NEWS
Forbes
You'd have to have been living under a rock to have missed this week's news that John Tyson, Chairman of the Board at meat processing giant Tyson Foods, declared in a letter published last Sunday as a full-page ad in The New York Times, The Washington ...
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CNN
(CNN) At least 31 states will partially reopen over the next few days as a patchwork of coronaviris response plans that vary from one state to the next goes into effect. Florida will start to reopen May 4, but for now Miami-Dade and two other counties won't be ...
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Reuters
WASHINGTON (Reuters) - Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business closures and disruptions related to the novel ...
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Forbes
Forbes has partnered with The Points Guy for our coverage of credit card products. Forbes and The Points Guy may receive a commission from card issuers. Some of the offer below may no longer be available. The premium card market in the US is more ...
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CNBC
"We are going to emerge out of this as a smaller company," Chief Executive Officer Jeff Gennette said. Macy's is already planning to see lower volume this holiday season. The company is still considering whether or not it will close additional locations ...
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Reuters
MONTREAL/SYDNEY (Reuters) - Once the airline industry's ugly ducklings, air freighters are now flying high as some of the only airplanes still criss-crossing the skies during the global coronavirus crisis. A undated handout picture provided on April 30, 2020, ...
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State Reviewer
(Reuters) - U.S. liquefied natural gas company Cheniere Energy Inc cut its growth estimates for LNG exports and investment in new projects industry-wide due to the slump in energy markets and the COVID-19 pandemic. Fuel demand is down 30% worldwide ...
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Wall Street Journal
Kraft Heinz Co. and Kellogg Co. said the coronavirus pandemic has driven up demand for their packaged foods, giving them a chance to win back customers who stopped eating their cheese and cereal products long ago. For years, consumers have ...
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Adweek
AT&T is consolidating its WarnerMedia and Xandr ad sales teams, moving both units under Gerhard Zeiler, chief revenue officer at WarnerMedia and president of WarnerMedia International. The move, according to AT&T, will give brands and agencies access ...
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Newsweek
Tesla Inc. shares were enjoying praise from Wall Street analysts on Thursday, although some warned the coronavirus pandemic will bring further adversity in the next few months. Tesla TSLA, +2.32% late Wednesday reported a surprise first-quarter profit, ...
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Business Insider
Personal consumption expenditures fell 7.5% in March, according to a report released Thursday by the Commerce Department. It's the largest drop on record for the measure, which accounts for roughly 70% of US gross domestic product. The report reflects ...
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Yahoo Finance
If you do not make a required minimum distribution (RMD) from your own or an inherited IRA by the specified deadline, the IRS could hit you with a big penalty - 50%! For example, if you were required to withdraw a minimum of $4,000 and you did not, you ...
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Motley Fool
Tapestry (NYSE:TPR), the corporate parent of Coach and other luxury brands, said that it lost $677 million in the quarter that ended March 28, down from a $117 million profit a year ago, as the coronavirus pandemic forced it to shutter stores around the world ...
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Financial Express
(Recasts, adds comments, updates prices) * U.S. weekly jobless claims remain elevated * Gold up more than 8% so far this month * For an interactive graphic tracking the global coronavirus spread, open tmsnrt.rs/3aIRuz7 in an external browser By Eileen ...
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PBS NewsHour
A government-run study of Gilead's remdesivir, perhaps the most closely watched experimental drug to treat the novel coronavirus, showed that the medicine is effective against COVID-19, the disease caused by the virus. In a statement on Wednesday, the ...
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Reuters
BOSTON (Reuters) - BlackRock Inc (BLK.N) on Thursday said it named London-based financial executive Sandy Boss as its new head of investment stewardship, bringing a more international structure to the top asset manager's voting on topics like climate ...
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Washington Post
Despite the challenge of the coronavirus, Ashlynn White, a 22-year-old management trainee with Mountaire Farms of Delaware, will soon become a first-time homeowner. "My $1,400 rent is higher than a mortgage payment would be," says White. "I contacted ...
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Reuters
(Reuters) - Kellogg Co (K.N) said on Thursday it would push product launches to the second half of 2020, as the breakfast cereal maker invests into additional warehouse space and logistics to meet higher demand brought on by coronavirus-led stockpiling.
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Washington Post
Mortgage rates plummeted this week to the lowest levels in the history of Freddie Mac's survey, which dates to 1971. According to the latest data released Thursday by the federally chartered mortgage investor, the 30-year fixed-rate average tumbled to 3.23 ...
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Reuters
ZURICH/GENEVA (Reuters) - Pfizer aims to make 10-20 million doses of a coronavirus vaccine it is developing with Germany's BioNtech by the end of 2020 for emergency use should it pass tests, the U.S. drugmaker's head of vaccines said on Thursday.
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NPR
The COVID-19 pandemic is delivering the biggest shock to the global energy system in seven decades, according to a new report by the International Energy Agency. Global energy demand is expected to fall by 6% this year, seven times the decline brought ...
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Motley Fool
The leading cruise line operators aren't doing right by their current crews, and that could cost them in the future. Rick Munarriz. (TMFBreakerRick). Apr 30, 2020 at 10:59AM. Author Bio. Since 1995, Rick has been writing for The Motley Fool, where he's a ...
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USA TODAY
Chick-fil-A will offer make-it-yourself chicken parmesan meal kits starting Monday as more people decide to eat at home amid the COVID-19 pandemic. The fast-food chain's meal kits are additions to the regular menu of sandwiches, salads and other fare.
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The New York Times
McDonald's says it has likely reached the trough of global restaurant closures due to COVID-19, with 25% still shuttered. But business has been slow to return as lockdown orders continue to disrupt consumers' routines. McDonald's said Thursday its sales fell ...
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KPAX-TV
The US Small Business Administration offers several programs and information for business owners as the COVID-19 pandemic continues. Click here to learn more about available SBA loan and debt relief options. The SBA resumed accepting Paycheck ...
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TechCrunch
Lyft, which just had a massive round of layoffs where 982 people lost their jobs and 288 were furloughed, is also pumping the brakes on its scooter operations in a handful of cities. In an email sent to Oakland riders yesterday, Lyft said scooters would no ...
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KHOU.com
HOUSTON — With Governor Abbott's executive order, businesses are opening back up, with safety in mind. Below is a list of restaurants that have told us what they're doing to open back up safely. Let us know what your business is doing by filling out the form ...
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Fox Business
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. Dairy farmers in upstate New York who faced the wrenching task of dumping their milk earlier this month as the novel coronavirus spread ...
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CNN
Hong Kong (CNN Business) Starbucks (SBUX) is about to face even stiffer competition in China. Italian espresso maker Lavazza is expanding its reach in the country through a new joint venture with Yum China (YUMC), the local owner of KFC and Pizza Hut.
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Fox News
Gale Halderman, the man credited with coming up with the original design for the Ford Mustang, died April 29 in Ohio after a battle with cancer at age 87. Ford held a contest among its designers in 1962 to come up with an idea for a new sports car, and it was ...
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Live 5 News WCSC
CHARLESTON, S.C. (WCSC) - Doctors Care says it will offer antibody testing at all of its South Carolina locations. Anyone who wishes to be tested for antibodies who is healthy and has not had any COVID-19 symptoms in the last 14 days can obtain the test ...
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Aiken Standard
The number of unemployment insurance claims dropped for the second week in a row in South Carolina, but tens of thousands of workers continued to lose their jobs because of the novel coronavirus pandemic. During the seven-day period ending April 25, ...
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Plastics News
Adds CEO quotes, details. April 30 (Reuters) - Dow Inc DOW.N posted a drop in adjusted quarterly profit on Thursday as its margins were squeezed by coronavirus-led falls in demand in some end markets and lower selling prices for its chemicals due to the ...
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Mashable
With most people sheltering at home during this pandemic, ride-hailing apps aren't getting much use these days. This initially translated into quickly declining revenue for companies like Uber and Lyft, but now, more than a month into the coronavirus ...
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Kokomo Perspective
There's been a lot of noise on the electric pickup-truck front of late, and before the economy pressed the "pause" button, several new entries were set to launch later this year. Most are being pushed back, but amid the dour news of product launch delays, ...
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Buffalo News
Tesla Inc. plans to seek a one-year waiver from state officials on its promise to create 1,460 jobs at its Buffalo solar panel factory, which has been shut down temporarily because of the coronavirus outbreak since last month. Tesla said in February that its ...
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Boston.com
A Walmart Supercenter in Worcester was ordered closed by the city on Wednesday after 23 employees tested positive with the novel coronavirus. The Worcester Department of Public Health conducted an inspection of the store, located on 25 Tobias Boland ...
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WKRG News 5
INDIANAPOLIS (WXIN/CNN/WFLA) – Police have arrested an Indianapolis man in connection with the fatal shooting of a postal worker. Tony Cushingberry, 21, was arrested for his alleged involvement in the death of Angela Summers, 45, who was shot in the ...
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Travel+Leisure
The hotel company joins Marriott and Hilton in amping up their cleaning procedures for future guests. By Cailey Rizzo. April 30, 2020. Advertisement. Save Pin FB More. Tweet Email Send Text Message Print. The Hyatt Regency has strategically lit up rooms to ...
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The Straits Times
(Adds detail). OSLO, April 30 (Reuters) - Norway's minority government proposed on Thursday to temporarily change tax rules for oil firms in a bid to prevent a collapse in investments amid the COVID-19 pandemic, Prime Minister Erna Solberg said on ...
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Simple Flying
Even though US carrier American Airlines has had to fly its brand new Boeing 787-8 immediately into storage, the aircraft still had something noteworthy onboard: a new business class seat. The new seat looks to be a slight improvement from the current ...
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FXDailyReport.com
-Product revenues of $1.52 billion, a 77% increase compared to Q1 2019-. -Company raises revenue guidance; now expects 2020 CF revenues of $5.3 to $5.6 billion-. Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today reported consolidated ...
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VentureBeat
The Cloud Native Computing Foundation announced today that the open source package manager Helm has become the 10th project to graduate, providing another boost to a movement that wants companies to rethink how they build online applications.
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KSAT San Antonio
No, it's just not you -- it seems that everyone is making banana bread during quarantine, and if you haven't done so already, it's time to jump on the bandwagon. While other breads can take hours to get to the finished product, as well as requiring yeast and ...
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