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US businesses hammered by pandemic but see some green shoots, Fed says (Reuters) - U.S. businesses continued to be slammed by the effects of the novel coronavirus epidemic into the middle of May, a Federal Reserve report showed on Wednesday, and few expected a swift recovery despite some signs of hope. FILE PHOTO: U.S. ...
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Japan jumps 2% as Asia Pacific stocks rise; US-China tensions ramp up Shares in Asia Pacific were higher in Thursday morning trade. Developments on U.S.-China relations likely continue to be monitored by investors, as tensions between the two economic powerhouses mount. Stocks stateside saw an overnight surge on Wall ...
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Planning a visit to Las Vegas when hotels, casinos reopen June 4? Here are the rules you need to know LAS VEGAS – Planning a visit next week to post-pandemic Las Vegas? Expect to get your temperature checked. Nevada gaming authorities have released a new set of rules ahead of Las Vegas Strip properties opening in the wake of the coronavirus ...
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American Airlines plans 30% reduction of management, administrative staff American Airlines is planning on a 30% cut to its management and support staff because of the toll coronavirus is taking on the business, the company told employees Wednesday. The airline also started offering buyouts to these employees and said it plans ...
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Report: Microsoft mulls $2B investment in Jio Platforms When it comes to investing in Jio Platforms, Microsoft could be next. Various Indian media outlets are reporting that Microsoft is mulling a $2 billion stake in Jio Platforms. According to two unnamed sources in a story by the Hindustan Times, Microsoft's $2 ...
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Coronavirus latest: Bank of Korea cuts rates to a record low Philippines' coronavirus task force recommends easing Manila lockdown. John Reed in Bangkok. The Philippines' coronavirus task force has recommended easing quarantine restrictions in greater Manila starting on June 1, in a move ...
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News Corp Australia's Push for Digitisation to Lead to Job Losses (Reuters) - News Corp Australia said it would restructure its organisation to focus on digital publishing, a move that will also lead to job losses. Scores of regional and community titles will be published only digitally from June 29 under the reorganisation, the ...
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Why Moderna Stock Dropped Today Shares of Moderna (NASDAQ:MRNA) plunged on Wednesday, following reports that several of the participants in its novel coronavirus vaccine trial suffered an adverse reaction to its experimental drug mRNA-1273. By the close of trading, Moderna's stock ...
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Moderna Rally Loses Steam Over COVID-19 Vaccine Worries (Reuters) - Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc, fell about 10% on Wednesday, as investor concerns grew about the prospects of the experimental products that are still in early stages of development. Moderna's ...
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Trump Supporters Single Out Twitter Employee After Site Fact-Checks President's False Tweets Accusing Twitter of anti-conservative bias, supporters of Donald Trump — and a senior White House aide — have waged a campaign singling out one company employee who has posted tweets critical of Trump and other Republications in the past.
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Times Square will go dark for one minute so businesses can shine light on their fight to get insurance money (CNN) — Among New Yorkers and visitors alike, Times Square is known for its lights — a frenetic frieze of big-screen advertisements that can make midnight look like noon. But on Wednesday night the billboards at the center of a pandemic-riven New York ...
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Goodwill to open more 12 locations, many in Portland area Goodwill Industries of the Columbia Willamette will soon reopen 12 stores, including one outlet, officials announced Wednesday. Most of the stores are in the Portland area. Goodwill said the following locations will open at 10 a.m. Thursday: Aloha: 775 SW ...
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SGX Nifty trades 45 points higher; here's what changed for market while you were sleeping Domestic stocks are likely to see high volatility on Thursday amid the expiry of weekly options and May series F&O contracts. Global cues will be watched keenly. Here's breaking down the pre-market actions. TRADE SETUP SGX Nifty signals positive start ...
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Riverboat cruise from Portland will be first to resume on US waters, company says A small cruise company says it plans to be the first to begin cruising again on U.S. waters since the coronavirus pandemic caused cruise ships to be anchored across the globe. American Cruise Lines announced this week that the 184-passenger modern ...
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How's the market? Delayed mortgage payments Although the shelter-in-place order continues to lighten and allow more economic activity, it'll be a long time before things return to normal—if they ever do. For some lucky people, the shut-down simply meant working from home, but for others, it meant being ...
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Negative rates, extra QE unlikely in Australia as economy reopens: RBA By Swati Pandey. SYDNEY (Reuters) - Australia's economic downturn is likely to be less severe than first thought, meaning negative interest rates or extra quantitative easing measures will likely not be required, the country's central bank chief said on ...
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Gold dips to two-week low on recovery hopes Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although U.S.-China tensions over Hong Kong put a floor under bullion prices. Spot gold was down 0.6% at $1,700.30 per ...
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KFC joins chicken sandwich wars with upgraded offering LOUISVILLE, KY — KFC is claiming its spot in the chicken sandwich wars with a new KFC Chicken Sandwich being tested in Orlando, Fla. While KFC currently has a chicken sandwich on its menu, the restaurant chain decided to reformulate the offering to ...
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Google aims to reopen select offices by July Silicon Valley pillar Google is planning to reopen select offices in July, according to a company blog post. CEO of Google and Alphabet Sundar Pichai wrote to fellow Googlers in an email saying that beginning July 6, if pandemic conditions have steadily ...
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Morgan City man wins $975000 lotto jackpot Harold Harper of Morgan City could only describe himself as stunned when he found out that after five years of playing the Louisiana Lottery's Lotto game, he finally won the $975,000 jackpot for the May 13 drawing. According to Harper, he had been playing ...
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Ben & Jerry's sends new ice cream into stratosphere (CNN/Gray News) – Three. Two. One. Ben and Jerry's launched a new flavor this week. And this time it was literal. The ice cream maker sent a pint into the stratosphere on a balloon, some 20 miles above the Earth. The space-themed flavor is called Boots On ...
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HP: Fiscal 2Q Earnings Snapshot PALO ALTO, Calif. (AP) _ HP Inc. (HPQ) on Wednesday reported fiscal second-quarter net income of $764 million. The Palo Alto, California-based company said it had profit of 53 cents per share. Earnings, adjusted for non-recurring gains, were 51 cents per ...
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Privacy Concerns Over COVID-19 Contact Tracing Apps Largely Misguided, Malvern Cybersecurity Expert Says PHILADELPHIA (CBS) — Phone makers are beginning to install COVID-19 contact tracing apps on phones, but is your privacy and personal information at risk? Eyewitness News went looking for answers. The word in each post varies a bit, but the sentiment ...
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Steuben jobless rate 15.3% Unemployment soared in April as the economic impact from the COVID-19 shutdowns pushed each of New York state's 62 counties and ten regions into double digit unemployment rates, the Department of Labor said Wednesday. Steuben County's ...
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Sliding Sleeves Market 2020-2024 | Introduction Of New Oil And Gas Exploration Policies To Boost Growth | Technavio Technavio has been monitoring the sliding sleeves market and it is poised to grow by $ 743.19 mn during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, ...
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Legislation would provide insurance to help cover losses from future pandemics Washington – New legislation would provide risk insurance to help businesses weather financial storms including those caused by the recent COVID-19 pandemic. The Pandemic Risk Insurance Act was touted during a virtual new conference on Monday held ...
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Gilead & Arcus Join Forces For 10-Year Cancer Deal, Arcus Down 15% In Pre-Market Gilead Sciences (GILD) and Arcus Biosciences (RCUS), an oncology-focused biopharma, have announced a 10-year partnership to co-develop and co-commercialize current and future therapeutic product candidates in Arcus's pipeline. The agreement will ...
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