Uber Technologies Inc said on Thursday it saw encouraging signs in markets hit by the coronavirus epidemic as it posted a 14% rise in revenue growth, supported by its Uber Eats food-delivery business.
Michigan Governor Gretchen Whitmer on Thursday said the state’s factories can reopen on May 11, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic.
Dropbox achieved profitability on a GAAP basis since it went public in March 2018, as it reported a net income of $39.3 million, or 9 cents per share, compared to a loss of $7.7 million, or 2 cents, a year earlier. The company said it had 14.6 million paid subscribers at the end of the first quarter, in line with estimates of 14.61 million subscribers, according to research firm FactSet. …read more […]
Unable to deliver to hotels and restaurants closed due to coronavirus restrictions, a German brewery on Thursday gave away some 2,600 litres (690 gallons) of beer.
Uber’s first quarter is likely to reflect Corporate America’s growing turmoil as the COVID-19 pandemic ricochets across the global economy. …read more […]
The Nasdaq was on track to end Thursday in positive territory for 2020 after winning back the vast majority of steep losses caused in recent months by the coronavirus pandemic.
Michigan Governor Gretchen Whitmer on Thursday said the state’s factories can reopen on May 11, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic.
Though states have begun to reopen their economies, it is not clear consumers are ready to venture back to the marketplace, Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday, citing conversations with business officials in his region and his staff’s study of cellphone tracking data.
Talking with stand-up comic Joe Rogan, the billionaire also doubled down on his critique of stay-at-home orders imposed by U.S. states to curb the spread of the coronavirus. Musk said states’ lockdown orders were “unconstitutional” and would not hold up before the U.S. Supreme Court if challenged. The interview marked Musk’s second appearance on Rogan’s podcast, which is videotaped and published online. …read more […]
Tesla Inc Chief Executive Elon Musk said in a podcast interview released on Thursday that the company’s planned Roadster sports car would take a backseat to the development of other vehicle models.
Wall Street’s indexes jumped on Thursday, with the Nasdaq turning positive for the year, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.
There is no shortage of scary headlines in the news, whether they’re talking about the coronavirus, the economy or climate change.
Today, Nicholas Vardy takes a deeper look at the truth behind the headlines and how wealth builders should respond.
“Coronavirus in the U.S.: An Unrelenting Crush of Cases and Deaths,” screams a May 5 headline in The New York Times.
The country is still in the firm grip of a pandemic with little hope of release. For every indication of improvement in controlling the virus, new outbreaks have emerged elsewhere, leaving the nation stuck in a steady, unrelenting march of deaths and …read more […]
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