The highflying Chinese tech darling soared in value before admitting to revenue fabrication. Records show that bulk purchasers of its products included firms linked to the chairman and controlling shareholder. A Luckin Coffee outlet in the Qianmen area of ...
For some business owners affected by the coronavirus pandemic, the Paycheck Protection Program is a source of both hope and confusion. It's a financial lifeline that also threatens to add extra debt and stress. That's because, as generous as the stated terms ...
(Reuters) - U.S. crude oil and distillate inventories rose sharply last week, the Energy Information Administration said on Thursday, while fuel demand remained slack even as various states eased movement restrictions to stem the spread of the novel ...
Every once in a while, legendary businessman Warren Buffett dishes out a few morsels of advice to illustrate the core investment — and life — principles that helped him achieve success. In a 1994 commencement speech at the University of Southern ...
Apple's budget iPhone could be a big hit in India, and investors may be too optimistic about Disney's plans to reopen its parks. Timothy Green. (TMFBargainBin). May 28, 2020 at 11:49AM. Author Bio. Tim writes about technology and consumer goods stocks ...
Sanderson Farms Inc. warned the coronavirus is expected to increase expenses and weigh on production volumes for the rest of its fiscal year, another sign of how the pandemic disrupted meat production. "We anticipate these lower production rates and ...
The CARES Act expanded unemployment benefits to the self-employed, independent contractors, gig workers and others who'd been ineligible for jobless pay under prior law. The law does so through a new program, Pandemic Unemployment Assistance.
Social Security's trust funds could run out as much as four years earlier due to the coronavirus pandemic, according to new research from the Wharton School at the University of Pennsylvania. Just how much the funds are affected will depend on how fast the ...
A fresh addition to the growing list of things the coronavirus pandemic has denied us: the first look at Gordon Murray's forthcoming T.50 hypercar. The three-seater was meant to be officially unveiled earlier this month, but the global pandemic has pushed that ...
... * U.S. jobless claims total 2.123 million for week ended May 23 * EU and Japan unveil new stimulus measures * SPDR gold holdings at seven-year peak * For an interactive graphic tracking the global coronavirus spread, open tmsnrt.rs/3aIRuz7 in an ...
When Lloyd Ross founded Tuesday Morning in 1974, a few years before the first T.J. Maxx opened, it was basically a big garage sale. Ross loaded up a warehouse in Dallas with leftover inventory from brands and retailers and invited the public to shop its ...
Thursday morning was relatively quiet on Wall Street, as major market benchmarks posted modest gains. Investors once again had to confront the difficult economic realities of the coronavirus pandemic, with 2.1 million more first-time claims for unemployment ...
Real estate investment trusts have been hit hard by the COVID-19 pandemic, but that's left some of the best-run companies in the sector on sale. Reuben Gregg Brewer. (TMFReubenGBrewer). May 28, 2020 at 7:15AM. Author Bio. Reuben Gregg Brewer ...
Chinese stocks could be in for a curveball. The Senate passed a bill last week that could restrict certain Chinese companies from listing on domestic exchanges unless they comply with regulatory standards. The move risks forcing U.S.-listed Chinese stocks to ...
Summer barbecues this year may not be the larger-than-life parties people enjoyed in years past, but warmer weather is here and plenty of people are heading outside to grill. While a juicy burger topped with loads of cheese on a toasted bun may be a crowd ...
In a blog post today, Amazon announced plans to offer permanent jobs to around 70% of the 175,000 temporary workers it brought on to meet demand amid a COVID-19-fueled surge. Initially filled as seasonal positions, the company will be transferring ...
CVS Health will try delivering prescriptions with self-driving vehicles in a test that begins next month. The drugstore chain said Thursday that it will partner with the Silicon Valley robotics company Nuro to deliver medicines and other products to customers near ...
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. Many Americans are struggling during the COVID-19 crisis, and that includes the millions who have already lost their jobs. It's not surprising ...
The coronavirus pandemic triggered 'rapid changes in demand' as governments issued stay-at-home orders. Linkedin Share · Facebook Share · Twitter Share · Mail Share. Avatar. Source: Benzinga. The U.S. GDP contracted 5% in the first quarter of 2020, the ...
Cloud software company Mirantis Inc. today released its first major update to the Docker Enterprise platform since acquiring it from its former owner Docker Inc. last November. The Docker Enterprise 3.1 release brings new features for the open-source ...
Coronavirus vaccine developers, working against the clock to quickly prove their experimental candidates, are preparing for late-stage clinical trials that would enroll tens of thousands of people in the U.S., Europe and, potentially, other regions as the ...
Despite an uncertain future for restaurants reeling from the pandemic, Portillo's is moving forward with opening an eatery in Springfield, its first in the state's capital city. The popular purveyor of hot dogs, Italian beef and other Chicago classics on Thursday ...
Jump Blue Bikes, the company that operates the bike-share program in New Orleans, temporarily suspended its services beginning in late March to reduce the spread of coronavirus. Now, it's not clear it will be coming back at all. Jump, which was previously ...
Goldfinch Partners has taken control of Vesta, a provider of payments and fraud detection technologies. Goldfinch is investing $125 million for a "vast majority," or more than 80%, of Vesta, executives said. It's the first time that Vesta, which was founded in 1995 ...
PHOENIX (3TV/CBS 5) – The Arizona Attorney General's Office says it's suing tech giant Google over "deceptive and unfair practices used to obtain users' location data" that it uses for advertising. The suit, which is specific to Android users, falls under the ...
The Nissan Frontier mid-size pickup has remained relatively the same since its introduction in 2004, but now Nissan is finally set to fully redesign its popular pickup. In a video showing a few of Nissan's soon-to-debut new models, including the revival of the Z ...
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. Malls across the nation are beginning to reopen during the COVID-19 pandemic, but some will do so without a Bath & Body Works. Fifty U.S. ...
HOUSTON – Beloved burger joint Bernie's Burger Bus announced it will permanently shut its doors this Sunday. "It is with a heavy heart that I have to communicate this, but with accumulating debt, decreased sales, and the rising cost of doing business, we ...
WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reported Thursday that ...
AUSTIN, Texas--(BUSINESS WIRE)--May 28, 2020--. YETI Holdings, Inc. ("YETI") (NYSE: YETI) announced today the pricing of an underwritten public offering (the "Offering") of 6,067,125 shares of YETI's common stock by certain of its stockholders at a public ...
Google will start re-opening more offices July 6 "assuming external conditions allow," and by September most employees who want to return to office work should be able to do so on a limited basis, the company's CEO said. CEO Sundar Pichai promised ...
Micron Technology (MU) - Get Report shares rose Wednesday, after the chipmaker raised its earnings estimates for the fiscal third quarter ending Thursday. The Boise, Idaho, company now estimates revenue at $5.2 billion to $5.4 billion, up from the prior ...
(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Thursday: KeyBanc upgraded Qualcomm to 'overweight' from 'sector weight'. KeyBanc said in its upgrade that it believes the company will benefit from export ...
Lamborghini chose last year's Frankfurt auto show to debut its Sián FKP 37 hypercar. Based on the Lamborghini Aventador, the Sián FKP 37 teaches that old dog a new trick through the addition of a supercapacitor hybrid system, adding an additional 34hp ...
SAN DIEGO, Calif. – Most people who break into a bank do it to get their hands on some money. A man in San Diego said he did to get his hands on a Hot Pocket. The man was arrested early Wednesday at a Wells Fargo, according to KGTV. Police said the ...
Brisbane-based vaccine technology company Vaxxas has scored backing from one of the world's biggest biotech companies, Merck, which is using its proprietary micro patch technology to manufacture an undisclosed vaccine. As part of the deal, Merck (also ...
Resource planning in emerging economies requires advanced data gathering. Ian McClenny. May 27, 2020. Energy access and energy consumption in developing nations have grown to become arguably two of the most indicative barometers of economic ...
FOND DU LAC – Mercury Marine is now the "supplier of choice" for boat brands owned by BRP. The marine engine manufacturer has entered a "strategic supply agreement" with several boat brands owned by BRP, including Alumnacraft and Manitou, as well ...
But sister company Tim Hortons and Burger King are both down, even as the chains' sales improve. By Jonathan Maze on May 28, 2020. Photograph courtesy of Restaurant Brands International. Facebook · Twitter · LinkedIn · SMS. The coronavirus pandemic ...
ROCHESTER, N.Y. (AP) _ Monro Muffler Brake Inc. (MNRO) on Thursday reported a fiscal fourth-quarter loss of $3.8 million, after reporting a profit in the same period a year earlier. The Rochester, New York-based company said it had a loss of 12 cents per ...
SIOUX CITY (KTIV) -- The Hard Rock Hotel & Casino Sioux City has announced it is scheduled to reopen on Tuesday, June 2 at 9 a.m. pending state and local approval. In a press release, the Hard Rock said the new casino hours would be: Monday 7 a.m. ...
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. Travel has taken a big hit in the coronavirus pandemic — but it hasn't exactly stopped. As U.S. carriers work on ways to ensure their ...
Downtown casino owner Derek Stevens is giving away 1,700 free flights to Las Vegas in hopes of jump-starting its tourism industry. Stevens, owner of The D Las Vegas and Golden Gate on Fremont Street, initially announced plans today to give away 1,000 ...
Coronavirus restrictions in Wales are likely to be relaxed next week so people from two different households can meet each other outdoors, BBC Wales understands. They will need to stay in their local area and remain two metres apart. The changes will not ...
A new programme called Scam Spotter was launched by Google on Thursday to spot and stop scammers who are exploiting the Covid-19 pandemic with alarming speed, taking advantage of fear and uncertainty. The programme simplifies expert advice with ...
In early March, when we published our HBR article "8 Questions Employers Should Ask About Coronavirus," there were fewer than 100,000 cases and 4,000 deaths globally. Now, not quite three months later, infections exceed 5.5 million and employers face ...
SAN DIEGO - As gyms and fitness studios begin to reopen in various states across the country, they will be tasked with developing a plan to make sure returning members can workout safely amid the ongoing coronavirus pandemic. Gyms, movie theaters ...
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