The coronavirus crisis drove a dramatic weakening in American households’ finances as millions of people lost work or had their hours or pay reduced, with low-wage workers taking the biggest hit, according to a report released by the Federal Reserve on Thursday.
Wall Street’s main indexes turned higher in volatile trade on Thursday with bank stocks leading the charge, even as renewed worries about Sino-U.S. trade relations and fears of a prolonged economic weakness lingered.
(Bloomberg) — Apple Inc. confirmed it acquired NextVR, a startup that provides sports and other content for virtual-reality headsets.The acquisition may help Apple’s development of VR and AR headsets with accompanying software and content. NextVR supplies content to several existing VR headsets, including Facebook Inc.’s Oculus and devices from Sony Corp., HTC Corp. and Lenovo.NextVR has deals with sports leagues including the National Basketball Association and entertainment networks such as Fox Sports. The startup also has expertise in live streaming in virtual reality, which could also be useful for live concerts and games.The Newport Beach, California-based startup officially shut down …read more […]
It’s shaping up to be a tough period for The Howard Hughes Corporation (NYSE:HHC), which a week ago released some… …read more […]
Nvidia uses their AI expertise to fight COVID-19. Yahoo Finance’s Dan Howley joins the On The Move panel to discuss. …read more […]
Norwegian Cruise Line posted its first quarter earnings report on Thursday. Wedbush Securities Leisure & Travel Analyst James Hardiman joins Yahoo Finance’s On The Move to discuss Norwegian Cruise Line’s latest financial results and address the challenges the cruise industry may face post-pandemic. …read more […]
The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits coming in at nearly 3 million, yet again. Yahoo Finance’s Zack Guzman and Heidi Chung break down the details. …read more […]
Tesla HR told employees if they refuse to return to work at the company’s reopened plants, they risk losing unemployment benefits. Yahoo Finance’s On The Move panel discusses. …read more […]
Elon Musk has listed another five of his California homes. The tech billionaire now has seven properties for sale for a combined $137 million. …read more […]
The coronavirus outbreak has impacted worker’s wages, health, and daily routines. Yahoo Finance’s On The Move panel shares how the coronavirus will continue to affect Amazon workers post-pandemic. …read more […]
The novel coronavirus crisis continues to pummel the U.S. labor market, with the number of Americans filing for unemployment benefits falling less than expected last week, suggesting a second wave of layoffs in industries and jobs not initially impacted by business closures caused by the pandemic.
Wall Street’s main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn due to the virus outbreak.
A near decade-long battle to clear his name has ended in victory, but the star rainmaker credited with playing a pivotal role in saving one of Britain’s biggest banks from a government bailout in 2008 is still waiting to put his life back on track.
The Wisconsin Supreme Court struck down governor Tony Evers’ coronavirus stay-at-home orders on Wednesday. Yahoo Finance’s Rick Newman breaks down the latest developments. …read more […]
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