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France’s Carrefour gives masks after staff walkout over coronavirus
Staff working in a supermarket of French retailer Carrefour in the southern city of Vitrolles will receive protective masks after some employees walked out over health risks associated with the coronavirus, a union said on Monday.
Business News
Microsoft says Skype users surge 70% amid coronavirus outbreak
The number of people using Microsoft’s Skype video calling system has surged by 70% in a month to 40 million people presently, as more individuals stay home due to the coronavirus outbreak, the company said on Monday.
Business News
Deaths, intubations swamp New Orleans doctors in coronavirus surge
Emergency room doctor Thomas Krajewski stopped at the hospital room door at 2 a.m. to glance at the chart. He knew instantly the long odds faced by the patient inside: A man in his 70s, with a fever, short of breath.
Business News
Spread of coronavirus accelerates in U.S. jails and prisons
Sean Hernandez says he covers his mouth and nose with a t-shirt or towel when he leaves his cell, the only defense he can improvise against the coronavirus outbreak now sweeping through New York’s Rikers Island jail system.
Business News
The U.S. weighs the grim math of death vs. the economy
Hollstadt Consulting CEO Molly Jungbauer has had to let go 30 of the 150 employees at her St. Paul, Minnesota firm to weather the drop in revenue from travel industry clients because of the coronavirus.
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Coronavirus update: Global case count tops 700K, JNJ announces vaccine candidate
The global coronavirus case count surpassed 735,000 Monday, with more than 35,000 deaths reported, according to Johns Hopkins. The U.S. leads has the most number of affected, with more than 140,000 cases, while Italy continues to see a staggering death toll that accounts for nearly one-third of deaths, at 10,700. …read more […]
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Microsoft renaming Office 365 to Microsoft 365, bringing Teams to everyone
Microsoft is changing Office 365 to Microsoft 365 and bringing Teams to everyone. …read more […]
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Zoom Stock Zoomed Too High, Too Fast, Thinks Goldman Sachs
Although founded less than 10 years ago, Zoom Video (ZM) has been growing by leaps and bounds. Sales over the past three years are up more than 10 times, from $60.8 million in 2017 to $622.7 million last year. In that same period, Zoom has gone from earning no profit at all, to earning $25.3 million last year, and Zoom’s free cash flow is even better — $113.8 million.Nevertheless, 5-star Goldman Sachs analyst Heather Bellini assigns Zoom Video an $80 price target, and rates the stock a “sell.” (To watch Bellini’s track record, click here)As Bellini explains, “due to COVID-19, …read more […]
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Goldman Touts ‘Safe’ Bets When S&P 500 Dividends Set to Drop 25%
(Bloomberg) — Dividends from corporate America are poised to tumble this year, but there are pockets of promise for investors looking for safe income, according to strategists at Goldman Sachs Group Inc.While payouts among S&P 500 companies could drop 25% this year, paced by energy and consumer-related companies, banks like Wells Fargo & Co. and drugmakers including Merck & Co. are likely to buck the trend, strategists including Cole Hunter and David Kostin said. The team laid out 40 picks for “income-oriented” investors, with many of them having made payouts for more than two decades without ever lowering distributions.These stocks …read more […]
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Billionaire Bill Ackman advises Trump to launch ‘the biggest infrastructure program of all time’
Billionaire investor Bill Ackman called on President Trump to unleash the biggest infrastructure program in hopes to bolster the U.S. economy amid the coronavirus pandemic. Yahoo Finance’s Julia La Roche joins the On The Move panel to share the details. …read more […]
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Johnson & Johnson identifies lead COVID-19 vaccine candidate, FDA approves 5-minute coronavirus test
Yahoo Finance’s Anjalee Khemlani joins On The Move to discuss the latest developments in testing and developing treatments for COVID-19. …read more […]
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Southwest CEO Seeks Cost Cuts With Airline ‘Living Day to Day’
(Bloomberg) — Southwest Airlines Co. is “living day to day,” its chief executive officer said, urging employees to keep cutting expenses wherever possible as the new coronavirus continues to erode travel.Southwest is evaluating the complex $50 billion federal program that will provide loans and cash payments to help carriers meet payroll and other employee costs. It’s premature to know “how we might fit into this” until the Treasury Department provides details, Chief Executive Officer Gary Kelly told workers Monday in his weekly recorded message.Airlines already have slashed flights, offered leaves and cut costs in other ways in response to a …read more […]
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Macy’s is set to furlough a majority of its employees during the coronavirus crisis: WSJ
Retail giant Macy’s is set to furlough the majority of its employees this week while its stores remain closed due to the coronavirus. Yahoo Finance’s Adam Shaprio shares the details. …read more […]
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Is First Majestic Silver Corp (AG) Going to Burn These Hedge Funds?
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]