The U.S. agency that enforces laws prohibiting disability discrimination said on Thursday that employers must try to accommodate workers with medical conditions that make them vulnerable to the novel coronavirus before sending them home.
World shares rose on Thursday after Chinese exports proved far stronger than expected, while the U.S. dollar climbed to two-week highs on its safe-haven status after another report showed millions more Americans took unemployment aid.
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and cut its order book with Airbus SE by about 34% through 2022 to save $1.1 billion in aircraft spending.
For Claudia Alejandra, unemployment has become a full-time job.
Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down the market action for Moderna, after the company announced it received FDA clearance for its coronavirus vaccine for phase 2 trial. …read more […]
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.
Harley-Davidson Inc on Thursday appointed board member and turnaround specialist Jochen Zeitz to the role of chief executive officer, as the struggling motorcycle maker looks to tap into his expertise to woo customers and revive sales.
(Bloomberg) — Shares of PayPal Holdings Inc. rallied as much as 13%, reaching a record high in early trading on Thursday, with analysts zeroing in on the payments company’s strong April trends and growth in electronic transactions across the board.Square Inc. rose as much as 8.6% to the highest since early March, as it benefited from some of that, too. But worries about credit and its small-and-medium sized business market factored in as well.Both are outperforming the market so far this year, with PayPal soaring 34% and Square up 19%, even as the S&P 500 has shed 11%, stung by …read more […]
“You would expect at a time like this, you have a bigger bear market, and that is why I’ve been cautious and kept a little powder dry, because there could be relapses in the market,” said Mobius, founder of Mobius Capital Partners, which has $130 million assets under management. “But the way it looks now, we may be in full recovery mode,” Mobius told the Reuters Global Markets Forum on Thursday, May 7, from Munich. …read more […]
Why are utility stocks down as the broader market seems to be regaining momentum? Many investors are looking for answers after the roller-coaster months of March and April.
Major utility stocks nearly bottomed out in March. In fact, some companies fell upwards of 50% in just over a week’s time. And this swing didn’t affect one specific portion of the utility sector. Everyone felt the decline of the novel coronavirus and there aren’t many signs of it slowing down.
Why are Utility Stocks Down Amid Coronavirus Fears?
Utility stocks are typically recognized as part of the defensive sector. When market volatility ramps up …read more […]
What happened to my stimulus money? Many who receive government benefits and others continue to wonder in early May. …read more […]
Lufthansa on Thursday said it is negotiating a 9 billion euro ($9.71 billion) “stabilisation package” with Germany’s Federal Economic Stabilization Fund, confirming an earlier Reuters report.
Twilio Inc shares surged 32% to a record high after the cloud communication provider’s quarterly results and forecast smashed Wall Street estimates on increased demand from telehealth and education companies amid widespread lockdowns.
Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber’s results on Thursday, after Lyft indicated a slow recovery in demand and lower costs as rising unemployment creates greater supply of drivers.
Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.
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