TikTok’s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.
Nissan Motor Co’s cash situation is “tough” as the coronavirus has sapped car sales, and the automaker must be vigilant in the coming months as a second wave of infections may add to liquidity issues, CEO Makoto Uchida told Reuters on Thursday.
(Bloomberg) — South Korea reported its biggest spike in new coronavirus cases in nearly two months, raising concerns about a second wave of infections. Small clusters also emerged in several locations in Japan in its first week since the emergency was lifted.Cases continued to soar in Brazil and America reached the grim milestone of 100,000 deaths, the most in the world. The U.K.’s coronavirus tracing program was hit by technical problems on the day of its launch, with some health-care workers unable to log-on to the system.Roche’s immune suppressor Actemra will be paired with Gilead’s antiviral remdesivir in a late-stage …read more […]
Stock futures were mixed Thursday morning, mostly holding gains after the S&P 500 pushed to an 11-week high a day earlier. …read more […]
Potential breaches of market rules have spiked since traders began working from home in March, drawing scrutiny from regulators and piling pressure on banks to plug “black holes” in surveillance systems, industry officials say.
LATAM Airlines and Avianca Holdings survived the Great Depression, but just a few weeks of quarantines forced both companies into bankruptcy, marking Latin America as the world’s top spot for airline financial ruin.
Dollar General Corp reported its biggest rise in quarterly sales in at least 14 years on Thursday, benefiting from a surge in demand from customers stocking up on groceries and household essentials amid the COVID-19 pandemic.
Sonic Automotive Inc , which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives’ pay packages – handing them a multimillion-dollar windfall.
Dollar Tree Inc reported a surge in quarterly same-store sales on Thursday, joining rival Dollar General , as the discount retailer benefited from consumers stockpiling on groceries and other essentials due to the coronavirus crisis.
British department store group Debenhams has cut “hundreds” of head office jobs as it slims down its administrative functions to support a smaller business in the future, two people with knowledge of the situation told Reuters.
Futures contracts for the S&P 500 were largely flat on Thursday as investors weighed hopes of an economic recovery against underlying tensions between the United States and China.
We’ve mused often about the intimate relationship between our money and our Liberty.
We argue that, with an exception for America’s slave years, never has the tie been as obvious as it is right now.
But our job is not to point out the obvious. No, our job is to lift up the rocks and pluck out the ideas that hide quietly underneath them.
With that, let us share some words we sent our Manward Letter subscribers on Tuesday.
It’s an oddball fact that’s proving quite potent these days.
Roughly one-tenth of 1% of companies in the United States are publicly traded. Out of the …read more […]
High borrowing costs will limit participation in a $500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls due to the economic fallout from the coronavirus outbreak, analysts said.
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.
Nissan Motor Co intends to close its Barcelona main plant and two nearby facilities starting from December 2020, but it will keep open two facilities in northern Spain, the chairman of Nissan in Europe, Gianluca De Ficchy, said on Thursday.
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