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'Rally of hope': Why the S&P soared back past 3000 NEW YORK (Reuters) - Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index broke through the psychologically-important 3,000 level on Tuesday, capping a ...
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Scotiabank, National Bank of Canada beat estimates even as loan-loss provisions erode profits (Reuters) - Bank of Nova Scotia and National Bank of Canada reported better-than-expected second-quarter results on Tuesday despite large profit declines driven by spikes in loan-loss provisions due to the COVID-19 pandemic. FILE PHOTO: The Bank of ...
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Uber and Lyft drivers are suing New York state over unemployment benefits (CNN Business) A federal lawsuit alleges that New York State has refused to pay or has delayed the payment of unemployment benefits to drivers for for-hire-vehicle apps like Uber and Lyft for two months. "The (Department of Labor's) failure to do so in the ...
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GRAINS-Corn up for 3rd session as US planting lags expectations SINGAPORE, May 27 (Reuters) - Chicago corn futures rose for a third session on Wednesday as U.S. planting progress dropped below market expectations. Soybeans ticked lower after a rally, although losses were curbed by strong Chinese demand.
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Richard Branson's Virgin Orbit fails on its first rocket launch LOS ANGELES — Virgin Orbit engineers were analyzing data Tuesday to find out what caused the maiden flight of its air-launched satellite booster to fail. The problem occurred soon after the LauncherOne rocket was released Monday from a Boeing 747 ...
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Airline stocks soared as much as 16% Tuesday — here are Wall Street's favorites Investors are pouring money into airline stocks as the government eases restrictions on social activity and travel. Below is a list of U.S. airline stocks, with Tuesday's gains and analysts' favorites. You may have been surprised that Warren Buffett decided to sell ...
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Oil Halts Rally Near $34 on Signs Russia May Ease Supply Cuts Oil slipped from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from July, while tensions between the U.S. and China escalated amid the specter of sanctions.
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Italy's RCS says it may win damages in dispute with Blackstone after ruling MILAN (Reuters) - Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS (RCSM.MI) headquarters to Blackstone Group Inc (BX.N) in 2013 were valid but found that the purchaser's behaviour may entitle the Italian publisher to ...
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Tractor Supply stock jumps after company forecasts 'record-breaking' sales, profit Shares of Tractor Supply Co. TSCO, -0.57% rose more than 5% in the extended session Tuesday after the company said it expects "record-breaking sales and earnings" for its second quarter. That jump in sales is across channels, product categories, and ...
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Chattanooga-based CBL sees impact of coronavirus on mall properties, rent collections Shopping center operator CBL Properties reported Tuesday it received just 27% of billed cash rents for April and its May collection rate likely will be in the 25% to 30% range amid closings during the coronavirus outbreak. "The majority of our tenants ...
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Merck to Acquire Themis KENILWORTH, N.J.--(BUSINESS WIRE)--May 26, 2020--. Merck (NYSE: MRK), known as MSD outside the United States and Canada, and Themis, a company focused on vaccines and immune-modulation therapies for infectious diseases and cancer, today ...
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WeHo Gets AAA Credit Rating From Cautiously Optimistic Rating Firm Fitch Ratings, one of the nation's top credit rating agencies, has given a top rating of AA+ to the revenue lease bonds the City of West Hollywood has issued to fund major construction projects. However, its generally optimistic report on the city's financial ...
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Tyson Foods Continues to Struggle With New Coronavirus Infections While much of the USA cautiously begins opening for business again, hoping the COVID-19 pandemic is withering away, Tyson Foods (NYSE:TSN) faces an apparent resurgence of the novel coronavirus: 570 employees at a North Carolina chicken ...
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Xcel exploring renewable natural gas options Xcel Energy is exploring renewable natural gas, making it the state's second big utility to pursue extracting energy from livestock manure, landfills and water treatment refuse. Minneapolis-based Xcel Tuesday said it is looking at sources of renewable gas with ...
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Alliant Energy announces six solar power projects Alliant Energy announced planned investments in six solar projects that would make the utility the largest producer of solar power in the state. The six projects would generate a total of 675 megawatts of electricity, or enough for about 175,000 homes a year.
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Buy the Post-Earnings Dip in Alibaba Stock Here we go again. Alibaba (NYSE:BABA) has declined after earnings. This time around, Alibaba stock dropped almost 6% on Friday after releasing its fiscal fourth quarter report that morning. alibaba stock. Source: Jirapong Manustrong / Shutterstock.com.
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Coronavirus lawsuit takes on McDonald's like it was a rowdy bar McDonald's Chicago workers seeking compliance with health guidance, such as providing clean face masks. Facebook; Twitter; Comments; Print; Email. Reuters. close. Former McDonald's USA CEO Ed Rensi argues government should allow restaurants to ...
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Minnesota's unemployment rate is bad — until you look at all the other states Minnesota's unemployment rate spiked to 8.1% in April, the highest level in decades. But on this metric, at least, Minnesota's fortunes are among the best in the nation. The Washington Post has a breakdown of the latest U.S. labor market numbers, which ...
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Hyatt Regency Buffalo loses affiliation with Hyatt chain The Hyatt Regency Buffalo, temporarily closed since April 1 because of the Covid-19 pandemic, will no longer be affiliated with the Hyatt chain as of June 1 – but it is not yet clear if it will close permanently. Hyatt Hotels Corp. confirmed late Tuesday that it is ...
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DC, Virginia, Maryland businesses see surprising reversal in latest PPP tally The Small Business Administration reported an overall drop in approved Paycheck Protection Program loans, according to new data. Getty Images (Talaj). By Andy Medici – Senior Staff Reporter, Washington Business Journal. May 26, 2020, 3:30pm EDT
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WATCH: UPS driver stops to fix American Flag on Memorial Day weekend (KOKI/CNN/Meredith) -- How you act when no one's watching says a lot about you, and a UPS driver showed his true patriotic colors over Memorial Day weekend. A video out of Adair, Oklahoma is going viral that shows a UPS driver just doing his job, but then ...
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Delta to halt flights at Bangor airport amid pandemic Delta Air Lines is temporarily suspending flights at Bangor International Airport after the number of passengers flying with the airline drastically declined due to the coronavirus pandemic, Fox 22 reports. The U.S Department of Transportation has granted ...
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Pa. unemployment claims continue to level off; state launches fraud investigation For the second week in a row, the numbers of new unemployment compensation claims in Pennsylvania continued to level off after surging amid the coronavirus pandemic. On Monday state Labor & Industry Secretary Jerry Oleksiak noted that claims stand at ...
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Baylor Scott & White to lay off 1200 workers, furlough others Ayla Ellison (Twitter) - 22 hours ago Print | Email. Baylor Scott & White Health, a nonprofit health system based in Dallas, is laying off about 1,200 employees, nearly 3 percent of its workforce, according to The Dallas Morning News. Like other health systems ...
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| Star Bulk Carriers: 1Q Earnings Snapshot ATHENS, Greece (AP) _ Star Bulk Carriers Corp. (SBLK) on Tuesday reported first-quarter net income of $2.8 million. On a per-share basis, the Athens, Greece-based company said it had profit of 3 cents. Losses, adjusted for non-recurring gains, came to 23 ...
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Lordstown Motors CEO Thinks EV Startup Can Build 600000 Vehicles A Year While Lordstown Motors has yet to unveil its all-electric Endurance pickup truck in the flesh, the startup has detailed some of its plans for the future, including some very ambitious production numbers. During a recent interview with The Detroit Free Press, ...
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German court: Drivers entitled to refunds over Volkswagen diesel emissions VW is going to have to pay up -- again. Antuan Goodwin/Roadshow. It's been five years since Volkswagen's diesel emissions scandal surfaced, yet the repercussions around the world are, in some cases, still being hashed out. And in the latest court ruling, ...
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Ben & Jerry's launches new Boots on the Moooo'n Ben & Jerry's launches new Boots on the Moooo'n into the stratosphere to celebrate flavor with the Netflix original series Space Force. Click image to watch video. Vermont Business Magazine 3...2...1...blast off! To celebrate its newest flavor with Netflix, Ben ...
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Booz Allen steels for hazy Covid future The company closed its fiscal 2020 with strong growth, but looks to balance ongoing operations with the continued uncertainty of the coronavirus pandemic. Subscribe to get the full story. Already a paid subscriber? Sign in. Subscribe to get the full story.
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Intelsat Joins SES in Committing to C-Band Auction of Airwaves (Bloomberg) -- Intelsat SA said it filed a commitment with the Federal Communications Commission to give up airwaves that are to be auctioned for use by mobile broadband, preserving its positioning for a payout from the sale. The action follows a similar ...
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