China has concealed the extent of the coronavirus outbreak in its country, under-reporting both total cases and deaths it’s suffered from the disease, the U.S. intelligence community concluded in a classified report to the White House, according to three U.S. officials. The officials asked not to be identified because the […]
Read morePirelli 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 […]
Read moreEurozone Unemployment Rate Lowest Since March 2008
Euro area jobless rate unexpectedly eased to its lowest level since in over a decade in February, just ahead of the announcement of coronavirus pandemic containment measures in several countries in the region. The jobless rate fell to 7.3 percent, data from Eurostat showed Wednesday, while economists had expected it […]
Read moreMacy's booted from S&P 500
Coronavirus leads Macy’s to drop from S&P 500 Amid coronavirus store closures, Macy’s market cap has decreased so much it will be removed from the S&P 500. FOX Business’ Lauren Simonetti with more. Macy’s will be removed from the benchmark S&P 500 index, the S&P Global Indices said on Tuesday […]
Read moreRural areas fear spread of coronavirus as more hospitals close
Coronavirus infection rate decreases in New York, California, Washington FOX Business’ Ashley Webster breaks down coronavirus numbers by state. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below CARROLLTON, Ala. — As the coronavirus spread across the United States, workers at […]
Read moreLate-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 […]
Read moreNavajo Nation President: U.S. Government Ignoring Native Americans Amid Coronavirus
Navajo Nation President Jonathan Nez said Tuesday that the U.S. government “once again has ignored” the country’s Indigenous people, accusing federal officials of failing to deliver enough much-needed resources to help fight the coronavirus. During a town hall that aired live on Facebook, Nez urged residents of his nation, the […]
Read more3 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 […]
Read moreEssential and Exposed: Anxiety Spreads Among UPS, FedEx Drivers
Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. In the new coronavirus economy that divides labor into essential and nonessential, truckers and parcel delivery drivers have become some of the most indispensable […]
Read moreCostco, Target see foot traffic drop after coronavirus stockpiling boom
Big-box stores are emptying out now that shoppers have built up their coronavirus stockpiles, new data show. Foot traffic at Target, Costco and Walmart has dropped after several weeks of huge increases amid pandemic-fueled panic shopping, according to figures from the analytics platform Placer.ai. “Once you have all the things […]
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