Rebecca Henderson, Author of ‘Reimagining Capitalism In A World On Fire’ and Harvard Business School Professor joins Yahoo Finance’s On The Move to assess how the U.S. can reinvent capitalism as well as fight against inequality. …read more […]
(Bloomberg) — President Donald Trump plans to order meat-processing plants to remain open, declaring them critical infrastructure as the nation confronts growing disruptions to the food supply, a person familiar with the matter said.Trump plans to use the Defense Production Act to order the companies to stay open, and the government will provide additional protective gear for employees as well as guidance, according to the person.Trump signaled the executive action at the White House on Tuesday, saying he planned to sign an order aimed at Tyson Foods Inc.’s liability, which had become “a road block” for the company. He didn’t …read more […]
Oil prices fell on Tuesday with U.S. crude leading the decline, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production.
Senator Sherrod Brown (D) Ohio joins Yahoo Finance’s On The Move panel to discuss his thoughts on PPP loans, reopening the economy and possible mail-in voting systems. …read more […]
The official number understates the demand for jobless benefits, according to EPI. …read more […]
Bayer’s executive board won a clear vote of confidence from shareholders on Tuesday, following a rebuke last year over the handling of lawsuits related to a weedkiller.
Shrugging off reams of terrible economic data, plunging oil prices and dire corporate profits, world stocks have recouped around half of this year’s coronavirus-linked losses as investors flip over their calendars to bet on a strong recovery in 2021.
Goldman Sachs Asset Management’s co-head of equities Katie Koch reminds investors the Federal Reserve is a powerful force in markets right now. …read more […]
Senator Josh Hawley urged the Justice Department on Tuesday to open a criminal probe of Amazon.com Inc, saying the online retailer was building a monopoly using “predatory data practices” on vendors using its platform.
U.S. consumer confidence tumbled to near a six-year low in April as tough measures to curb the spread of the novel coronavirus sharply disrupted economic activity and threw millions of Americans out of work.
Sweden’s H&M is set to permanently close eight of its Italian stores, including two in the country’s fashion capital Milan, as it pushes ahead with plans that pre-date the COVID-19 pandemic.
Southwest Airlines Co said on Tuesday it has agreed with Boeing Co to sharply cut its 737 MAX delivery schedule through 2021 and is reviewing its order book as the coronavirus pandemic caused its first quarterly loss in nine years.
3M is the world’s biggest maker of the masks and has seen demand swell as the outbreak spread globally, putting the company at the heart of a tug-of-war over supplies. The Minnesota-based company pulled its 2020 outlook citing economic uncertainty due to the pandemic and also suspended its share repurchase. Beginning May, 3M said it would begin reporting monthly sales information to provide transparency on its ongoing business performance as it navigates the pandemic. …read more […]
(Bloomberg) — A crisis California didn’t foresee — the Covid-19 pandemic — is complicating preparations for one that arrives with a vengeance every year.With wildfire season on the horizon, state officials have ordered prevention efforts to proceed after rains have tapered off and before the heat of summer. But work is progressing slower than usual as firefighting agencies and electric utilities institute new practices to keep employees safe.Social-distancing requirements complicates many of the tasks, including trimming trees near power lines, clearing brush around homes, setting small, controlled fires and replacing old utility poles that could snap in strong winds. Plus, …read more […]
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