Georgia pushed ahead with its plan to become the first U.S. state to allow an array of merchants to reopen on Friday following a month-long shutdown to stanch the coronavirus outbreak, even though both U.S. President Donald Trump and health experts voiced disapproval.
The U.S. Small Business Admininstration will make additional coronavirus-related financial assistance available to small businesses beginning on Monday, a top Republican senator said.
A French court on Friday rejected U.S. online retailer Amazon’s appeal against a ruling that restricts what it can deliver during the coronavirus crisis.
Global equity benchmarks edged higher on Friday as investors weighed a slight gain in oil against concerns that further stimulus measures by the European Union to combat the economic damage from the coronavirus pandemic could be delayed until next year.
So, what’s going on in the stock markets? Are they completely haywire? Since February 19, when the bull market ended, the Dow Jones has fallen 36.6% and then gained back, in uneven steps, some 26.4% from the trough. Movements have been similar in the S&P 500 and the NASDAQ. For the last two weeks, both the S&P and Dow have been holding fairly steady – the S&P near 2,800 and the Dow near 23,500.Yet, there are more questions raised than answers. Are we in a true rally, or will the slide resume? What will happen when people return to work; …read more […]
Verizon CEO Hans Vestberg breaks down the company’s first quarter earnings report. …read more […]
Nestle expects a “more vigorous” year for acquisitions in 2020 as the packaged food giant looks to expand its business, Chief Executive Mark Schneider said on Friday.
U.S. stock markets were set to gain at the open on Friday as some states prepared to relax curbs imposed to contain the coronavirus outbreak, with a surprise rise in orders for U.S.-made capital goods also lifting sentiment.
British pub operator Greene King has furloughed more than 36,000 employees, owner CK Asset Holdings said on Friday, as government measures to halt the spread of the coronavirus has led to the closure of all its pubs in the UK.
A French court rejected US online retailer Amazon’s appeal against a ruling that limits what it can deliver during the coronavirus crisis.
(Bloomberg Opinion) — Investors in Avis Budget Group Inc. and Hertz Global Holdings Inc. are learning the hard way what happens when widespread government bailouts don’t quite reach every corner of the U.S. economy.No matter where you look, whether it’s their stock, bonds or the asset-backed securities linked to their fleets, these rental-car companies are clearly feeling the squeeze from the coronavirus pandemic and the economic standstill. Avis shares have tumbled 76% since Feb. 20, to about $12 from $50, while Hertz is down more than 80% to about $4. Those are steeper declines than even shares of the three …read more […]
Ryanair may see job losses if flights remain grounded due to coronavirus restrictions on travel beyond May, Chief Executive Michael O’Leary said on Friday.
Verizon Communications Inc withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns that closed 70% of its stores.
Norway’s parliament voted through a new company restructuring law on Friday that could help save Norwegian Air and many other companies from potential bankruptcy as a result of the restrictions to stem the spread of COVID-19.
Norway’s parliament voted through a new company restructuring law on Friday that could help save Norwegian Air and many other companies from potential bankruptcy as a result of the restrictions to stem the spread of COVID-19. The legislation replaces current regulation on debt negotiations and relaxes rules for converting debt into equity. The airline is seeking to convert debt to equity to qualify for state guarantees in a bid to survive the coronavirus crisis, which has grounded all but a handful of its nearly 160 aircraft. …read more […]
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