One of the biggest stories of last week was how Darden Restaurants, Inc. (NYSE:DRI) shares plunged 40% in the week… …read more […]
Chimera Investment Corporation (NYSE:CIM) shareholders (or potential shareholders) will be happy to see that the… …read more […]
Unfortunately for some shareholders, the Albemarle (NYSE:ALB) share price has dived 43% in the last thirty days… …read more […]
As cases ballooned in Europe, the new epicenter of the coronavirus, several countries imposed new restrictions to try to curb the spread. California and three other U.S. states directed tens of millions of people to stay at home.
Panasonic Corp said on Saturday it will temporarily suspend production at its battery joint venture with U.S. electric carmaker Tesla Inc in Nevada because of the coronavirus outbreak.
Alphabet Inc’s Google said on Saturday it launched a United States-focused website with information about coronavirus guidance and testing, as the country works on slowing the spread of the highly contagious virus.
Uber Technologies has suspended the option to book regular taxi services through its app in Saudi Arabia until further notice, a company statement said on Friday.
Starbucks Corp said on Friday it will close most of its company operated cafes across north America for two weeks, limiting its services to drive-throughs, to help stem the spread of the highly contagious coronavirus.
(Bloomberg) — Italy’s escalating coronavirus battle helped mark the onset of a global stock market collapse that erased $20 trillion in four weeks. Now, its campaign against the pandemic is being scrutinized for clues on how much further this once-in-a-generation crash will go.While market players are being bombarded with support measures from central banks and the global stimulus pledge is $3 trillion and growing, the number that traders are playing close attention to is the Italian infection growth rate. Since the country was the first in Europe to implement lockdown measures, market participants are looking for clues on how effectively …read more […]
The Trump administration on Friday said it was soliciting public comments on lifting additional tariffs on Chinese imports that could help the United States battle the coronavirus pandemic, showing some flexibility in its trade war against Beijing.
United Airlines Holdings Inc said on Friday it would slash its international schedule by 95% for April because of government restrictions prohibiting travel in an effort to curb the spread of the coronavirus.
United will temporarily suspend all flights to Canada effective April 1 and will draw down its remaining trans-Atlantic, trans-Pacific and Mexico operations, the airline said in a statement. The airline this week had announced a 60% reduction in domestic and international schedules for April, citing the impact of the coronavirus outbreak on travel demand. …read more […]
JOHANNESBURG/MILAN (Reuters) – Exxon Mobil is likely to delay the greenlighting of its $30 billion (26 billion pounds) liquefied natural gas (LNG) project in Mozambique as the coronavirus disrupts early works and a depressed gas market makes investors wary, six sources told Reuters. Top U.S. oil and gas company Exxon said on Tuesday it was evaluating “significant” cuts to capital spending and operating expenses. Qatar, the world’s largest producer of liquefied natural gas (LNG), is delaying a big expansion in which Exxon is a major partner. …read more […]
Four Democratic U.S. senators on Friday expressed concern in a letter to Amazon.com Inc Chief Executive Jeff Bezos that the world’s largest online retailer has not given enough support to warehouse staff during the coronavirus outbreak, according to a copy of the message seen by Reuters.
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