• Retail Sales Plunge Record 8.7% As Protests Against Stay-At-Home Mount
    "Sales at clothing stores plunged by more than 50%, while spending on motor vehicles, furniture, electronics and sporting goods fell by double digits," according to "WSJ."
  • Airlines Reach Deal With Treasury Dept. To Continue Paying Workers
    Ten major U.S. airlines -- Alaska, Allegiant Air, American, Delta, Frontier, Hawaiian, JetBlue, United, SkyWest and Southwest -- have agreed to participate.
  • Walmart's Iannone Named EBay CEO
    He "will take over a company facing pressure from activist investors to streamline its business at a time when there is increasing competition from other online marketplaces."
  • Deal Sealed To Lower Oil Output -- But Pump Prices Likely To Stay Low
    "While historic, the deal is unlikely to solve the demand crisis. The agreed reduction in output amounts to only about 10% of the world's normal supply of oil," writes observers.
  • Federal Relief Efforts For Small Business Falter, Unemployment Soars
    Federal disaster loan program that was supposed to deliver emergency relief to small businesses in just three days "has run low on funding and nearly frozen up entirely."
  • Amazon Pausing Third-Party Shipping Trial
    The experimental delivery service delivered third-party parcels in Los Angeles and a few other cities in the U.S.
  • Processed Foods See Boom Times Again As Shoppers Hunker Down
    "We can't make enough mac and cheese right now," says plant manager at the facility that makes half of the Kraft Macaroni & Cheese sold in the U.S.
  • JPMorgan Chase's Dimon Sees 'A Bad Recession' In The Making
    And if there were an "extremely adverse" downturn in the U.S. economy, JPMorgan would probably consider suspending its dividend to preserve capital.
  • Quibi Launched Its Pursuit Of Consumers' Short Attention Spans
    Quibi, the mobile-only streaming service with very brief snippets of content, makes its debut today to mixed reviews in uncertain times.
  • Zoom Faces Increasing Scrutiny Over Privacy, Security Issues
    Zoom has boomed as a go-to platform for videoconferencing during the pandemic, but "It was never meant to get this big, this fast," as its CEO says in a blog post.
« Previous EntriesNext Entries »