Business News
Wall Street opens lower as record jobs growth ends
Wall Street’s main indexes opened lower on Friday as the novel coronavirus brought the longest U.S. employment expansion on record to an abrupt end.
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Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 35%
Investment bank Goldman Sachs has been analyzing the market performance, and has a mixed outlook for the year – not necessarily bad news for the long term, but an acknowledgement that we’re not completely certain what the economic cycle has in store. David Kostin, Goldman Sachs’ chief U.S. equity strategist, predicts that the market has not found its true bottom yet, and has to meet three conditions before it can. Kostin notes that the current peak-to-trough time, of just 23 trading days, is an order of magnitude faster than the median – which stands at 17 months. But there is …read more […]
Business News
U.S. small banks have processed more than 700 small business relief loans for $2.5 million: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Friday that community banks have processed hundreds of small-business loans aimed at shoring up the economy during the global coronavirus pandemic, and sounded a positive note about a new program that lenders have greeted with skepticism.
Business News
Ford CEO Hackett received $17.4 million in 2019 compensation
Ford Motor Co said on Friday Chief Executive Officer Jim Hackett’s total compensation fell to $17.4 million in 2019 from $17.8 million in 2018.
Business News
Dollar rises again on safe-haven bids; shrugs off poor U.S. jobs number
The dollar resumed its climb against major currencies on Friday as investors took refuge in safety bids amid worsening economic fallout from the coronavirus pandemic.
Business News
Coronavirus sinks U.S. payrolls, more pain awaits
The U.S. economy shed 701,000 jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus outbreak shuttered businesses and factories, confirming a recession is underway.
Business News
Instant View: Coronavirus slams U.S. jobs growth in March
The U.S. economy abruptly ended a historic 113 straight months of employment growth in March, as stringent measures to control the novel coronavirus pandemic shuttered businesses and factories, all but confirming a recession is underway.
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March jobs report: U.S. economy loses 701,000 payrolls, unemployment rate jumps to 4.4%
The Department of Labor released the March 2020 jobs report at 8:30 a.m. ET. …read more […]
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‘Cash for Clunkers’ Overseer Backs Ford’s Pitch for a Sequel
(Bloomberg) — A federal program to issue rebates to consumers toward new vehicles could provide a much-needed jolt to the U.S. auto industry that’s seen plants idled and showrooms emptied by the coronavirus, according to the Obama administration official who oversaw the program known as “cash for clunkers.”Ray LaHood oversaw the program officially named Cars Allowance Rebate System as U.S. Transportation Secretary in 2009. In an interview, he backed a Ford Motor Co. executive’s suggestion that a sequel to the program could be helpful if the industry, lawmakers and the Trump administration agree that auto demand needs a boost once …read more […]
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Dyson IPO: Can Investors Expect Dyson Stock?
A Dyson IPO is the newest investment opportunity on investors’ minds. After hearing about the company’s newest project, investors want Dyson stock.
But the company is private.
While there may not be a Dyson IPO in the near future, the company has a chance to shine during the coronavirus pandemic. If Dyson can deliver on its promises, the demand for Dyson stock will grow. Here’s what we know…
Dyson IPO: The Business
Dyson is a British technology company. Sir James Dyson founded it in 1991. Dyson designs and builds household appliances such as vacuums, hair dryers and air purifiers. It was the first company …read more […]
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Business News
Google data shines light on whether coronavirus lockdowns worldwide are working
Alphabet Inc’s Google has published charts showing how the coronavirus has brought hard-hit Italy to a standstill, led to runs on grocery stores around the world and prompted a stark drop in going-out between Mardi Gras and St. Patrick’s Day.
Business News
Factbox: Google location data shows slump in trips to malls, offices
Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein in the spread of COVID-19.
Business News
Excluisve: Air France-KLM in talks on multibillion euro state-backed loan package
Air France-KLM is in talks with banks to receive up to 6 billion euros ($6.5 billion) in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown, sources told Reuters.