J.C. Penney plans to close some stores permanently during its Chapter 11 bankruptcy as the company tries to avoid outright liquidation. …read more […]
Federal Reserve Chairman Jerome Powell said a U.S. economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine.
Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30% from more than 105,000 at the end of March, Bloomberg News reported on Sunday.
Federal Reserve Chairman Jerome Powell said a U.S. economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine.
India’s Reliance Industries on Sunday announced U.S. fund General Atlantic will invest 65.98 billion rupees ($870 million) in Jio Platforms, a fourth deal that takes investment in its digital unit to over $8 billion in less than a month.
U.S. House Speaker Nancy Pelosi said on Sunday there will be negotiations on the new $3 trillion coronavirus relief legislation passed by the Democratic-controlled House of Representatives.
Wall Street’s iconic broker, who recently beat COVID-19, says he’s happy to be going back to the New York Stock Exchange on May 26, when the trading floor is set to re-open. …read more […]
* This weekend’s Barron’s cover story shows how the race for a COVID-19 vaccine could affect investors. * Other featured articles look at stocks involved in the race for 5G and some value stocks that are worth a look now. * Also, the prospects for an online retailer, a networking stock, video streaming picks and more.”How the Race for a Covid-19 Vaccine Affects Investors” by Josh Nathan-Kazis asks which stocks could face steep drops if their coronavirus vaccines fall through. Gilead Sciences, Inc. (NASDAQ: GILD)? Johnson & Johnson (NYSE: JNJ)?Nicholas Jasinski’s “5G Is Here. Will Anyone Care?” shows …read more […]
A deluge of retail earnings and the Federal Reserve will be in focus in the week ahead. …read more […]
Emirates Group plans to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, reducing employees by about 30% from more than 105,000 at the end of March, Bloomberg News reported, citing people familiar with the matter.
Tesla Inc. (TSLA) is said to have been given a green light by health officials to resume production at its main Fremont auto plant ending a stand-off between the electric automaker and Alameda County.Tesla informed employees it received approval to resume operations at its factory after Alameda County’s interim health officer had approved its Fremont work plan and safety measures, according to an email seen by Bloomberg.“We have local support to get back to full production at the factory starting this upcoming week,” Laurie Shelby, Tesla’s vice president for environmental, health, and safety told employees.The Alameda decision comes after Tesla’s …read more […]
Indian conglomerate Reliance Industries said on Sunday U.S. fund General Atlantic will buy 1.34% of its Jio Platforms digital unit for 65.98 billion rupees ($870 million).
There’s a growing realization that the COVID-19 crisis has unleashed an era of activist government that’s likely to remain a central feature of economic policy for years to come. …read more […]
Indian conglomerate Reliance Industries said on Sunday equity firm General Atlantic will buy 1.34% of its digital unit for 65.98 billion rupees ($870.25 million).
The investors in Aurora Cannabis Inc.’s (TSE:ACB) will be rubbing their hands together with glee today, after the… …read more […]
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