Pirelli CEO: There is solidarity in working remotely

London (CNN Business)More than 1.1 million autoworkers have been forced to stay home in Europe as the coronavirus pandemic closes plants and brings production in the region to a standstill. The European Automobile Manufacturers’ Association said that factory closures have so far affected roughly 40% of workers directly employed in […]

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Late-Day Pullback Leads To Mixed Close On Wall Street

Stocks moved notably higher over the course of the trading session on Wednesday before giving back ground going into the close. The major averages pulled back sharply in late-day trading, with the tech-heavy Nasdaq sliding into negative territory. The major averages subsequently finished the session mixed. While the Nasdaq fell […]

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3 Aviation Stocks to Put on the Radar

Strict social distancing measures coupled with a raft of state lockdowns aimed at reducing the spread of coronavirus have all but grounded the aviation industry. To combat plunging air travel demand, Washington has, so far, allocated the group over $50 billion in federal aid as part of the historic $2 […]

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Two Workers At Fiat Chrysler Die Of Coronavirus

Two employees at Fiat Chrysler Automobiles factories in the U.S. have died from the coronavirus, according to the United Auto Workers Union. In a statement on its website, the UAW said that two of its union members have lost their lives to the virus. One of the members was an […]

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UK Manufacturing Contracts On Covid-19 Disruption

UK manufacturing activity contracted in March due to the outbreak of the coronavirus, or Covid-19, and the subsequent mitigation efforts, the final survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply factory Purchasing Managers’ Index fell to 47.8 in March from 51.7 in February. […]

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There’s No Good Reason to Hoard Anything, Especially Food

SHARE THIS ARTICLE There is no good reason for the Covid-19 pandemic to cause food shortages, at least of wheat, rice, or other staples. The virus isn’t foodborne. Plenty of food continues to be produced, processed, and delivered despite illnesses and lockdowns, and the world’s appetite hasn’t abruptly increased. There […]

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