"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."
Ten major U.S. airlines -- Alaska, Allegiant Air, American, Delta, Frontier, Hawaiian, JetBlue, United, SkyWest and Southwest -- have agreed to participate.
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."
"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 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."
The experimental delivery service delivered third-party parcels in Los Angeles and a few other cities in the U.S.
"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.
And if there were an "extremely adverse" downturn in the U.S. economy, JPMorgan would probably consider suspending its dividend to preserve capital.
Quibi, the mobile-only streaming service with very brief snippets of content, makes its debut today to mixed reviews in uncertain times.
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.