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Stocks Rise on Hopes for Economic Recovery: Live Business Updates The S&P 500 rose nearly 2 percent, with shares of companies most likely to benefit from the lifting of restrictions on travel and commerce faring well. Here's what you need to know: Stock markets rally, with a focus on reopening. Consumers feel slightly more ...
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Apple will reopen about 100 retail stores in the US by the end of the week Apple will reopen around 100 retail stores in the US by the end of the week, the company confirmed to The Verge. That will put Apple's active retail locations in the country at 130 out of 271 spread out across 21 states. The company is reopening each location ...
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Big Companies Drive Clean Energy Development. Can Small Businesses Do The Same? Large companies are a major driver of renewable energy growth in the U.S., with Google GOOGL , Amazon AMZN and 100 or so other big energy users collectively signing a fifth of new clean energy power purchase agreements in 2018, second only to ...
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US consumer confidence stabilizes; new home sales surprise WASHINGTON (Reuters) - U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was likely in the past as the country starts to reopen, but it could take a while for the economy to dig out of its hole ...
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Here's why the Treasury's record-breaking borrowing won't dampen Wall Street's mood, says JP Morgan Could the U.S.'s fiscal deficits drain liquidity from Wall Street as the Federal Reserve puts the brakes on its bond-buying and investors are forced to absorb the trillions of debt sold by the Treasury this year? For analysts at JP Morgan, the answer is no. In a note ...
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Apeel's longer-lasting fruit means fewer trips to the grocery store How a newly minted unicorn, with investors like Oprah and Katy Perry, is making better produce through chemistry. Justin Jaffe. May 26, 2020. I started stocking up on dry goods -- pasta, rice and beans -- in late January. In February, I began amassing toilet ...
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France unveils $8.8 billion rescue for ailing car industry PARIS — French President Emmanuel Macron announced an 8 billion-euro ($8.8 billion) plan Tuesday to save the country's car industry from huge losses wrought by virus lockdowns, including a big boost for electric vehicles. The plan includes government ...
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Hertz paid top executives $16 million in bonuses ahead of its bankruptcy filing New York (CNN Business) Hertz paid out millions of dollars in bonuses to its executives just before its bankruptcy -- and a month after it started laying off thousands of employees. Retention bonuses are typical for bankrupt companies that want to prevent their ...
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Russia plans to drill oil wells and pump in 2022 when OPEC+ deal expires MOSCOW (Reuters) - The Russian government has tentatively approved a plan on drilling idle oil wells in order to prepare for restoration of oil production once the global deal on output curbs expires in 2022, according to a government statement published ...
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PRECIOUS-Gold falls 1% as risk appetite firms on recovery optimism ... * Spot gold hits lowest level in nearly two weeks * S&P 500 tops 3,000 mark * For an interactive graphic tracking the global coronavirus spread, open tmsnrt.rs/3aIRuz7 in an external browser (Updates prices) By Eileen Soreng May 26 (Reuters) - Gold fell ...
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Watch now: Six Flags will require guests and workers to wear masks when park reopens Six Flags St. Louis in Eureka has announced new safety measures that will go into effect when the theme park reopens at a date to be determined. In a statement, Six Flags outlined its safety measures, including: • Attendance caps on reservations to allow ...
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Aston Martin Swaps CEO Andy Palmer for Mercedes-AMG's Tobias Moers Aston Martin has announced the departure of CEO Andy Palmer and his replacement by Tobias Moers, the current head of Mercedes-Benz's AMG division. Palmer's removal doesn't come as a big surprise given the sliding fortunes of the English sports-car ...
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Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks Surged 10% (and More) Today A holiday weekend, a new week, and a new coronavirus vaccine candidate -- these three factors helped spark a new stock rally Tuesday, and cruise line stocks Carnival Corporation (NYSE:CCL), Royal Caribbean (NYSE:RCL), and Norwegian Cruise Line ...
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Why Shares of Boeing Are Up Today Shares of Boeing (NYSE:BA) climbed 5% on Tuesday, fueled by broader market optimism that the economy is beginning to return to normal and a surge in airline stocks. Boeing shares have plummeted this year as its airline customers have scrambled to ...
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Bank of America workers to return to office in stages Bank of America's workforce will return to the office in stages, starting with the workers whose jobs would be "significantly enhanced from being in the office," according to a company memo obtained by The Charlotte Observer. Currently, only 24,000 ...
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Why Moderna Is Dropping Today Another biotech company is hot on Moderna's trail in the race to develop a vaccine for the novel coronavirus. Prosper Junior Bakiny. (TMFPBakiny). May 26, 2020 at 2:47PM. What happened. Shares of Moderna (NASDAQ:MRNA) -- a biotech company that ...
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Dimon Says US Has Good Chance for a Rapid Economic Recovery Jamie Dimon sees "pretty good odds" of a fast economic rebound starting in the third quarter thanks to the U.S. government's stimulus programs and the strength of the consumer going into the pandemic. "You could see a fairly rapid recovery," the JPMorgan ...
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Mercedes Releases Teaser Photo of EQS, Its Flagship Electric Sedan During an "executive update" live stream, Mercedes-Benz dropped not only news and an image of the upcoming S-class but also a picture of the camouflage-covered EQS luxury sedan. It's clearly not as wild at the Vision EQS concept vehicle. But even under ...
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Tesla's potentially cheaper battery technology for China surfaces Tesla seems close to showing off some sort of new battery technology. Twitter. Tesla appears closer to bringing potentially cheaper electric car batteries to market in China with new filings with the state government. Electrek reported on the filing Monday, ...
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REI Co-op and West Elm debut retail partnership with co-curated summer collection SEATTLE, May 26, 2020 /PRNewswire/ -- Outdoor specialty retailer REI Co-op and global design company West Elm today announce a retail partnership to offer a co-curated collection of REI x West Elm lifestyle products aimed at helping people feel at home, ...
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IPIC to Reopen Theaters With New Health Measures BOCA RATON, Fla.--(BUSINESS WIRE)--May 26, 2020--. In compliance with local reopening guidelines, IPIC Theaters, LLC., will begin reopening its 14 theaters and 7 restaurants. Our Texas locations will be the first to reopen with Fairview and Houston ...
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No Stimulus Check Yet? You Might Get A Prepaid Debit Card Instead Since mid-April, when the first stimulus checks guaranteed by the CARES Act were sent out, roughly 140 million Americans have received their stimulus payment. The first wave of people to receive the money — up to $1,200 for an individual — did so through ...
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Philadelphia relaxes restaurant restrictions, prepares guidance for reopening businesses The City of Philadelphia is allowing restaurants and mobile food vendors to offer walk-up ordering, effective immediately. Philadelphia Mayor Jim Kenney amended business closure and stay-at-home orders this week, which will permit up to 10 people to line ...
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Kindle e-reader with built-in front light only $59.99 Description: "Purpose-built for reading, with a 167 ppi glare-free display that reads like real paper, even in direct sunlight. Adjustable front light lets you read comfortably for hours—indoors and outdoors, day and night. Highlight passages, look up definitions, ...
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AdaptHealth to Buy Solara Medical, ActivStyle for $487 Million AdaptHealth Corp. on Tuesday said it agreed to buy Solara Medical Supplies LLC and ActivStyle Inc. for $487 million in cash and stock in a pair of deals that expand its in-home medical-supplies platform into the diabetes and incontinence segments.
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Gas prices continue to rise as easing covid-19 restrictions spark demand About a minute ago. The average price of gasoline rose in the Pittsburgh area and across the nation on higher demand as states relax covid-19 restrictions. "As long as covid-19 cases continue to drop over time … I suspect it is only a matter of time before (the ...
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Lufthansa Agrees on Bailout with German Government Berlin (dpa) - The German government and Lufthansa have agreed on a much-anticipated bailout deal to help the airline cope with losses from the coronavirus pandemic, both sides announced on Monday. The deal, which provides for aid and equity ...
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Burger King introduces giant cardboard crowns to encourage social distancing Burger King has introduced oversized cardboard crowns in order to promote social distancing. The fast-food chain is known for giving away its free cardboard headgear, but the new version is several metres wide to prevent customers from getting too close to ...
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Alliant Energy closing Edgewater coal-fired plant, adding six solar projects in Wisconsin Wisconsin-based power producer Alliant Energy will retire its 400-MW Edgewater coal-fired plant by the end of 2022 and also announced it will procure 675 MW of solar power capacity in the state. Closing the Edgewater Generating Station in Sheboygan is ...
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Unemployment Claims Delay: Agency director releases statement Oregon's unemployment rate rose from a near-record-low 3.5 percent, as revised, in March to a record- high 14.2 percent in April, as COVID-19 business closures shut down a large portion of the economy, according to the Oregon Employment Department.
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Funding to fuel 4-hospital merger in Chicago falls through Ayla Ellison (Twitter) - 14 hours ago Print | Email. Illinois lawmakers didn't approve $500 million in funding for healthcare transformation on May 22, a large chunk of which is needed to support the merger of four safety-net hospitals in Chicago, according to ...
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Soaring debt risks fuelling pressures on eurozone, ECB warns Soaring government debt levels threaten to make investors reassess European sovereign risk and could "reignite pressures" on more vulnerable countries in the region, the European Central Bank has warned. Eurozone governments' ...
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AerCap pushes back deliveries of 37 aircraft Leasing giant AerCap is deferring deliveries of 37 aircraft which it had expected to introduce over the course of the next two years. AerCap says the measure brings to more than 100 the number of aircraft it had been intending to receive over 2020-22. The 37 ...
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Can coronavirus spread in water? Summer safety warnings during the reopening Everyone into the pool — just remember to leave your face mask on deck. While seemingly mundane activities — including attending religious services, getting a haircut and dining at your favorite restaurant — are all high-risk for catching COVID-19, ...
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The More Covid-19 Vaccines, the Merrier (Bloomberg Opinion) -- The way the Covid-19 crisis ends is with vaccines — not a vaccine. More than one horse can win this race. Some of us might end up getting a shot of a more traditional vaccine, which uses parts of an inactivated virus to stimulate ...
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Oil CEOs write open letter saying pandemic 'sharpens focus' on climate goals The chief executives of 12 major oil and gas firms have written an open letter saying the Covid-19 pandemic won't delay climate action but has instead "sharpened" the focus on it. Top bosses of BP, Shell, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental ...
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Quebec green-lights up to US$200 million in support for Cirque du Soleil The Quebec government is coming to the rescue of Cirque du Soleil, pledging to loan up to US$200 million to support the live entertainment giant whose operations remain paralyzed due to the COVID-19 pandemic. 0. about 19 hours ago By: Canadian Press.
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NKY barbers, hair salons swamped on first day of reopening despite holiday HEBRON, Ky. (WKRC) – It might have been Memorial Day, but that didn't stop Razrs Barber Shop from getting restarted. Customers were no different as the conversations about sports and other topics of the day swirled around the shop as if nothing had ...
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County unemployment soars past Great Recession peak OLYMPIA — Pacific County has largely been spared from a public health crisis that has devastated so many other areas across the country and world so far, but a new state report shines light on the crippling blow the covid-19 pandemic has delivered to the ...
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Newton man amasses huge TikTok following Matt Bottone of Newton discovered the TikTok app only about a month ago. Now, with the handle @mbttones, he's using it to unleash his creativity and share it around the world. "It was actually a bet from my friends," said Bottone, 18. "A student that was ...
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