Shares plummet 80% for China’s coffee giant Luckin Coffee after an investigation found that the company’s COO fabricated sales. Yahoo Finance’s On The Move panel discusses. …read more […]
(Bloomberg) — Boeing Co. is offering employee buyouts and weighing additional savings measures such as new output cuts, as the coronavirus pandemic threatens to depress aircraft sales for years.While the company has yet to alter production plans, it’s taking a closer look at manufacturing rates for wide-body jets amid plunging demand, said a person familiar with the matter. Boeing was already planning to make fewer 787 Dreamliners this year, and is still assessing the rapidly changing market and public health issues as the outbreak guts travel demand and batters airlines.“When the world emerges from the pandemic, the size of the …read more […]
Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much legal and financial risk, five people with direct knowledge of industry discussions told Reuters.
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row – topping 6 million – as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
The number of Americans filing claims for unemployment benefits shot to a record high of more than 6 million last week as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
New York Governor Cuomo believes rapid tests could be the answer to get people back to work while still managing the coronavirus pandemic …read more […]
The stock market is as volatile as ever, but McDonald’s stock is one of the safest bets you can make. The fast food giant is in a position to weather the coronavirus storm and come out stronger on the other side. Their competitors, on the other hand, may begin to fall further behind.
McDonald’s (NYSE: MCD) has put in place a strategy that protects its customers and significantly scales back its operations. However, it also safeguards the company and its franchisees against the economic downturn due to COVID-19. Learn why McDonald’s is best positioned in the fast food industry once again.
McDonald’s …read more […]
Luckin Coffee’s board alleges the COO and others booked $310 million in fabricated transactions. …read more […]
Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss the coronavirus impact on the economy. …read more […]
Ford Motor Co’s U.S. sales chief said on Thursday the automaker believes some level of government stimulus will be needed for consumers once the coronavirus pandemic recedes and that the crisis will spur a permanent shift toward more online vehicle sales in America.
As if the health concerns from the coronavirus crisis weren’t enough, advocates are warning that senior citizens also are facing a web of other worries as the global pandemic continues to worsen. …read more […]
The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession continued to take shelter in the greenback.
British Airways is in talks with its union about a plan to suspend around 32,000 staff, a person familiar with the situation said, marking one of the industry’s most dramatic moves yet to survive the coronavirus pandemic.
Southwest Airlines Co said on Thursday it intends to apply for U.S. government aid to help it ride out the sharp drop in travel demand caused by the massive lockdowns because of the coronavirus pandemic.
Honda Motor Co said Thursday it will extend a shutdown of all U.S. and Canadian auto plant production through April 10 because of the ongoing coronavirus outbreak.
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