For a glimpse at how Disney recovers from the coronavirus pandemic, look no further than Shanghai, where the entertainment giant has staged a limited reopening of Shanghai Disney Resort. Adults, kids and senior citizens wear masks while wandering among staff and security guards who carry contact-less thermometers and hand sanitizer.
As lockdown orders force billions of people to work, learn and play from home during the novel coronavirus outbreak, usage has surged for the cloud computing services that power video conferencing, streaming television and online games.
As some U.S. states lift stay-at-home orders, investors and park fans are watching to see how Walt Disney Co — which makes a third of its revenue from parks, experiences and products — reimagines the “happiest place on earth” for a world altered by the coronavirus. “This is the greatest challenge that the industry has ever faced,” said Phil Hettema, founder of The Hettema Group, which designs theme park rides and other experiences. Disney, which has not announced any plans to reopen the parks, declined to comment for this story. …read more […]
Top news and what to watch in the markets on Friday, May 1, 2020. …read more […]
COVID-19 has killed over 230,000 people. It has ravaged the world economy. People are staying home. And they are losing their jobs. So why is the stock market going up?
Why the stock market moves in general is complicated. But it also comes down fundamentals: supply and demand. The more people want to buy stocks, the more their prices will shift upwards. And vice-versa.
People only buy stocks when they believe that the potential reward is worth the risk. So when they buy stocks, they are optimistic that they will see prices rise over their holding period.
With all of the damage to …read more […]
Shares in British baker and takeaway food group Greggs tumbled as much as 7.3% on Friday after it reversed a decision to re-open some stores, leading analysts to question how it can successfully emerge from the country’s coronavirus lockdown.
Ryanair aims to conclude talks with Boeing on a new plane order in the next two weeks, but possible price cuts or cancellations related to an existing 737 MAX order are also part of the discussions, its chief executive said on Friday.
(Bloomberg) — Breaking up is hard to do.The coronavirus has forged a once unlikely alliance between Donald Trump’s Treasury Department and the central bank he often derided. The close embrace is resurfacing concerns about the Fed’s independence in the long run.By openly urging Trump and Congress this week to spend more money fighting the pandemic, while promising to keep interest rates low, Fed Chairman Jerome Powell risks putting the central bank into a political box once the health emergency has passed.Government borrowing has skyrocketed during the crisis. The big worry is that Fed policy will end up being driven by …read more […]
Ryanair is in advanced talks about a potential new plane order with Boeing, but possible price cuts or cancellations of its existing 737 MAX order are also part of the discussions, chief executive Michael O’Leary said on Friday.
World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis.
World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis. British Airways operator IAG shed another 2.6% as details of its plans to cut staffing, including a quarter of its pilots, to weather the collapse in air travel caused by the coronavirus. The negative sentiment was set by comments from Trump on Thursday that he was concerned about China’s role in the origin and spread of the novel coronavirus and that his hard-fought trade deal with China was …read more […]
Amazon.com Inc has told staff whose job can be done from home that they can do so until at least Oct. 2, pushing out the timeline on a return to work for many employees as it faces scrutiny over conditions in its warehouses.
Norway’s sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank’s annual general meeting on May 7, instead of a separate shareholder one, the fund said on Friday.
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