Month: April 2020

With a few tricks, these restaurants still manage to turn a profit — despite offering endless food. ————————————————– Follow Business Insider on Twitter: https://twitter.com/businessinsider Follow BI on Facebook: http://bit.ly/1W9Lk0n Read more: http://www.businessinsider.com/ ————————————————– Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know
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Read more at https://on.ft.com/2RRRwhB Where do companies already in debt turn to for credit? Leveraged lending has seen a rapid rise since the financial crisis of 2008, hitting over $1tn in the US alone. But as lender protections weaken and more investors snap up these risky assets, some watchdogs warn that the booming market could
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The dawn of instant global communication can be traced back to entrepreneur Cyrus West Field and his long-shot experiment to link the United States and Europe by telegraph in the 1850s. Video by Raymond Schillinger Graphics by Christian Capestany Series by Neville Gillett and Tom Gibson Archival Footage Courtesy of AT&T Archives and History Center
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Phynart Studio Prior to the Covid-19 pandemic, an astounding 53% of the American population felt anxious about personal finances. Undoubtedly, that percentage has grown significantly, with more than 26 million Americans becoming unemployed since then. The statistics are alarming, but it is not time to panic — it’s time to plan. Although many financial plans
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Elon Musk, CEO of Tesla and SpaceX. Peter Parks | AFP | Getty Images Elon Musk is having issues with conference calls lately. Thursday afternoon, the SpaceX CEO unexpectedly spoke up during a NASA conference call on Thursday, after the agency’s Administrator Jim Bridenstine was asked about Musk’s recent comments on the coronavirus pandemic. On Wednesday
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Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019. Mason Trinca | Reuters Apple shares were down slightly in extended trading on Thursday after the company’s second-quarter earnings in which it reported $58.3 billion in revenue, a slight year-over-year increase, during a quarter in which supply
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An ampule of Ebola drug remdesivir is pictured during a news conference at the University Hospital Eppendorf (UKE) in Hamburg, Germany, April 8, 2020, as the spread of coronavirus disease (COVID-19) continues. Ulrich Perrey | Reuters Gilead Sciences said Thursday that it can produce “several million” rounds of its antiviral drug remdesivir next year to
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The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis. “The most significant responsibility of the Fed now is to make sure that credit markets continue to function,” said Greg McBride, chief financial analyst at Bankrate.com. “Without functioning credit markets, there will be no economic
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General Electric reported Wednesday a steep declines in first-quarter revenue and earnings as the industrial giant took a hit amid the coronavirus pandemic.  The company posted a total revenue of $20.524 billion, which represents a year-over-year decline of 8%. GE Industrial profits fell 46% year over year to $1.096 billion from $2.017 billion. On an
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Elon Musk, chief executive officer of Tesla Inc., speaks during a ceremony at the company’s Gigafactory in Shanghai, China, on Tuesday, Jan. 7, 2020. Qilai Shen | Bloomberg | Getty Images Tesla shares rose more than 7% after hours as the company showed its third consecutive quarter with a profit. Here’s how the company did: 
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At IGNITION, Business Insider asked real estate mogul and “Shark Tank” host Barbara Corcoran to share her advice on how to successfully ask your boss for a raise. Corcoran also talked about what you should do if you receive an offer from another company. Following is a transcript: Barbara Corcoran: If you want to get
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► Visit our brand new YouTube channel, FT Life at: http://bit.ly/2qzoKSt Prime Minister Theresa May has brought forward the UK’s next general election. The FT’s Henry Mance explains why and how the country votes for its government Credits: Graphics by Russell Birkett. Produced by Seb Morton-Clark. ► Subscribe to FT.com here: http://bit.ly/2r8RJzM ► Subscribe to
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Dec. 4 (Bloomberg) –- For its 85th anniversary, Bloomberg Businessweek chronicles the most disruptive ideas of the past 85 years. In 1976, The Apple 1 computer goes on sale for a retail price of $666.66. Steve Wozniak, who co-founded Apple with Steve Jobs and designed that product, remembers the early days. (Video by Brandon Lisy)
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Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against Covid-19. “What I regard this as is the beginning of the end of the true nightmare, which is that it’s a death sentence,” Cramer said on
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Microsoft CEO Satya Nadella Tobias Schwarz | AFP | Getty Images Microsoft shares rose 2% in extended trading on Wednesday after the company reported fiscal third-quarter sales growth of 15%, fueled by its cloud business. The company said in a statement that the coronavirus “had minimal net impact on the total company revenue” in the
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In this Friday, April 24, 2020 photo provide by the Alfred Wegener Insitute shows the German Arctic research vessel Polarstern in the ice next to a research camp in the Arctic region. Manuel Ernst | Alfred-Wegner-Institut | AP From delaying Arctic expeditions to canceling climate summits, the coronavirus pandemic is hindering global climate change progress and
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Investors should look to sectors that lately have been “completely eviscerated” as the U.S. economy seeks to recover from the coronavirus crisis, Morgan Stanley’s Mike Wilson told CNBC on Tuesday.  “We’re bullish overall, and we just think there’s more upside in potentially some of the laggard areas,” Wilson said on “Fast Money.” “That’s not saying anything bad
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