Business News
Empty Hotels. Idled Tour Buses. The Pandemic Is Devastating Tourism.
The New York Times - 2 Apr 2020 11:00
Millions are losing their jobs and economies are suffering as once-bustling tourist sites give way to eerie emptiness. The Caribbean is suffering a particularly heavy blow.
SoftBank to abandon $3 billion deal for additional WeWork shares
Reuters - 2 Apr 2020 05:23
Japan's SoftBank Group Corp will not complete a $3 billion tender offer for additional WeWork shares agreed last year with its shareholders, a special committee of the U.S.-based shared-office operator's board said on We...
I Felt the Pain of the Market's Selloff. But I Stayed on Course.
Wall Street Journal - 2 Apr 2020 18:11
Ask Encore: This is no time to guess about what's next for the stock market, says retirement columnist Glenn Ruffenach.
Oil refiners face reckoning as demand plummets
Reuters - 2 Apr 2020 06:04
The global oil refining industry is facing a reckoning from falling fuel demand that is the deepest and fastest ever.
As millions lose jobs, Fed policymakers say recession is here
Reuters - 2 Apr 2020 21:46
The U.S. recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of thousands of Americans, and has most of the country under lockdowns aimed at slowing the i...
Ford to build face shields at Brazil and Argentina car plants
Reuters - 2 Apr 2020 20:30
Ford Motor Co said on Thursday it will make 50,000 face shields at factories in Brazil and Argentina to donate in the fight against the coronavirus pandemic.
Coronavirus is causing a biking surge--can it last when cities open up again?
Fast Company - 2 Apr 2020 14:30
Biking is suddenly the safest and most convenient way to get around a lot of cities—and cities are responding by making it easier to bike. But when people can start driving to work again, will everything go backwards? ...
How Under Armour is making 100,000 masks a week to fight COVID-19
Fast Company - 2 Apr 2020 11:00
The company debuted an innovative “no-sew” design that cuts down on time and costs. The athletic wear company Under Armour has unveiled an innovative new surgical mask that’s made of a single piece of fabric and do...
Which states will be hit hardest by coronavirus-related job losses? See the list.
USA Today - 2 Apr 2020 03:27
States reliant on tourism and manufacturing could be hit hardest by coronavirus-related job losses while five rural states could be most insulated.
Key Questions For Buying Or Selling A Home During The Pandemic
Forbes - 2 Apr 2020 21:13
Real estate, like every other industry, is impacted by our current crisis. Here's what you need to know.
Trump's Company Seeks Financial Help as Coronavirus Takes Toll
The New York Times - 2 Apr 2020 21:02
As companies nationwide look for relief, the Trump Organization has talked with Deutsche Bank and a Florida county about delaying payments on some loans and other obligations.
14 Ways to Get More Eyes on Your Job Postings
Small Business Trends - 2 Apr 2020 19:30
Hiring can be expensive and time consuming. Here are some ways you can help make sure potential candidates see your job listing.
Stocks Rally Despite Weekly Jobless Claims Surging To 6.6 Million
Forbes - 2 Apr 2020 17:31
The market had a volatile open, amid a shocking rise in weekly unemployment claims.
Zoom's daily active users jumped from 10 million to over 200 million in 3 months
Venture Beat - 2 Apr 2020 16:43
Zooms daily active users ballooned to more than 200 million in March from a previous maximum total of 10 million just three months ago.
Banks can stand among the economy's first responders
American Banker - 2 Apr 2020 16:36
Lenders can offer deferred payments and capitalize on digital banking to help small businesses and consumers get back on their feet.
Market Snapshot: Stocks open flat on soaring jobless claims after rebound in crude oil
Market Watch - 2 Apr 2020 15:48
Stocks opened flat Thursday, giving back overnight gains, after data showed U.S. weekly jobless claims soared to a record, while crude oil rose sharply after President Donald Trump said he expected Saudi Arabia and Russi...
How to file for unemployment benefits if you lose your job during the coronavirus pandemic
Business Insider - 2 Apr 2020 15:32
REUTERS/Andrew Kelly The US has seen a historic spike in people applying for unemployment benefits as the coronavirus pandemic upends the economy. An incredible 6.6 million jobless claims were filed for the week ending M...
Cleveland-Cliffs' Stock Drops 50% In 2020; Is It Still Unattractive?
Forbes - 2 Apr 2020 13:30
After almost a 50% decline in Cleveland-Cliffs' (NYSE: CLF) stock since the beginning of this year, at the current price of $4 per share, we believe Cleveland-Cliffs' stock is likely to remain around the current level co...
Wheels For Heroes: Brompton Crowdfunds To Provide NHS Staff With 1,000 Bikes
Forbes - 2 Apr 2020 13:01
Brompton of London wants to supply NHS staff with its iconic folding bikes and launched a £100,000 crowdfunder on April 2 to build 1,000 machines, all to be painted in NHS colors.
No One Is Betting in Casinos---Or on Their Stocks
Wall Street Journal - 2 Apr 2020 12:49When Will Aviation Return To Normal?
Forbes - 2 Apr 2020 09:50
Many in the aviation sector are looking for signs as to when the beleagured sector will begin to return to normal. Although a bounce back and widespread government support is inevitable, the industry may take several yea...