Customers ride an escalator at The Galleria shopping mall after it opened during the coronavirus disease (COVID-19) outbreak in Houston Texas, May 1, 2020. Adrees Latif | Reuters U.S. consumer sentiment inched higher in the early part of May following massive stimulus measures undertaken by the government to sustain the economy amid the coronavirus pandemic,
Month: May 2020
Technicians work on machinery at the Applied Materials facility in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images Chip gear maker Applied Materials said it expects supply chain to gain strength in the second half of the year and help it recoup sales lost due to the Covid-19 disruption, sending its shares
The city is beginning to prepare for a long hot summer with closed beaches and residents remaining locked inside under stay-at-home orders, New York City Mayor Bill de Blasio said Friday, warning that this summer will be very different from years past. Barbecues, picnics, ball games and days at the beach or by the pool, all
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters Stock buybacks are on track for the lowest total on record this quarter, according to Bank of America. The sharp economic
It’s no secret that it’s a pricey pain to host the Olympic Games, running billions of dollars above the estimated budget. As the International Olympic Committee receives fewer bids with each problematic games, the future of the tradition is looking unsure. We spoke with Smith College Professor of Economics Andrew Zimbalist on the matter. He should know,
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Why do huge external imbalances herald disaster? Martin Wolf, the FT’s chief economics commentator, explains what happens when some countries spend much less than their incomes and so run big current account surpluses, while others do the opposite. ► FT Comment: http://bit.ly/1ImtZ8r ► FT World News:
In this episode of Bloomberg Pursuits’ MADE series we visit a shop in York, Maine. Grain Surfboards are built through an additive process that has much in common with traditional wooden ship-building. Planks of wood are cut and glued onto an internal wood frame before being sanded down to their final shape. Video by Brian
Veteran NASA astronauts Robert Behnken and Doug Hurley speak with CNN Business’ Rachel Crane about their upcoming test flight aboard SpaceX’s Crew Dragon spacecraft. They’ll be the first humans sent to space from US soil since the Shuttle program ended almost a decade ago. Produced by Gabe Ramirez Supervising Producer: Bronte Lord #CNN #NASA #SpaceX
A cyclist passes a boarded up store during the coronavirus pandemic on April 28, 2020 in New York City. John Lamparski | Getty Images New Yorkers who owe the state medical or student debt that has been referred to the state attorney general’s office have been given another 30-day break from paying those balances. New York Attorney
During the first few weeks of the coronavirus pandemic, Laurie Fletcher would catch herself waking up in the middle of the night to wash her hands. Fletcher, who has been operating a home-based day care in Michigan for 26 years, spends several hours each day sanitizing every possible surface in the common areas of her
Consumer spending plunged by a record 16.4% in April, but one category saw a bounce: nonstore retailers. Included in this category, which saw an 8.4% month-over-month increase, is online shopping. With much of the country under shelter-in-place orders during April, consumers increasingly turned towards e-commerce giants like Amazon for their shopping needs. As the pandemic
An employee tends to marijuana plants at the Aurora Cannabis Inc. facility in Edmonton, Alberta, Canada, on Tuesday, March 6, 2018. Jason Franson | Bloomberg | Getty Images Aurora Cannabis posted a smaller loss compared with the prior quarter as customers in the United States and Canada stockpiled cannabis ahead of lockdowns, sending its U.S.-listed
Kids in a queue while wearing face masks during the food distribution amid Coronavirus COVID 19. Ajay Kumar | SOPA Images | Getty Images Doctors and world leaders need “to be on the alert” for cases of a rare inflammatory disease in children that may be linked to the coronavirus, the World Health Organization said
Certainty is always more abundant than accuracy on Wall Street. Well argued, data laden hypotheses support opinions that drive buyers and sellers. A high-profile money manager and fellow talking head, Mr. I. M. Sureofmyself, was describing his view of how the economic and health care crisis would develop and unfold over the next six to
Car line up at a drive-thru Three Square Food Bank emergency food distribution site at Boulder Station Hotel & Casino in response to an increase in demand amid the coronavirus pandemic on April 29, 2020 in Las Vegas, Nevada. Three Square is currently operating dozens of emergency distribution sites at various times and dates throughout
Nearly 36.5 million people have filed unemployment claims in the past two months as a result of the coronavirus crisis, with 2.981 million of those claims being filed for the week ending May 9. Though the pandemic has undoubtedly impacted millions of Americans, data from the Bureau of Labor Statistics shows that women are disproportionately feeling the
An employee tends to marijuana plants at the Aurora Cannabis Inc. facility in Edmonton, Alberta, Canada, on Tuesday, March 6, 2018. Jason Franson | Bloomberg | Getty Images Check out the companies making headlines after the bell. Applied Materials — Shares of the manufacturing company climbed 4% in extended trading after Applied Materials reported second-quarter
A view of atmosphere at the launch of SmileDirectClub’s Smile Kit at Macy’s Roosevelt Field Mall on June 30, 2018 in Garden City, New York. Gary Gershoff | Getty Images SmileDirectClub posted a bigger-than-expected quarterly loss on Wednesday and said it expects to operate with a smaller shop footprint going forward, with the company focusing
Hogwarts is seen in “Wizarding World of Harry Potter” theme park at Universal Studios Hollywood, in Los Angeles, USA on April 6, 2016. Anadolu Agency Theme parks are designed to have crowds. That’s the crux of the issues that theme parks big and small are facing in the wake of the coronavirus pandemic, said Bill
Offices of Cutera Inc. in Brisbane, Calif. Google Earth The largest public companies that tapped the government’s emergency relief fund for small businesses nearly all had ready access to other forms of capital, according to a CNBC analysis of filings. Even amid the upheaval caused by the coronavirus pandemic, these companies raised millions of dollars
More than 1,000 North Koreans try to escape the country every year. They risk being killed, imprisoned, or trafficked, as they escape through China, Mongolia, and different regions of southeast Asia. This is Yeon Mi Park. She escaped North Korea when she was just 13 years old. ————————————————– Business Insider tells you all you need
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Shadow banking is the talk of the town — and the talk of the FT, with a week-long series of pieces analysing this little-understood industry. Financial editor Patrick Jenkins offers the five important facts to remember about shadow banking. ► FT World News: http://bit.ly/1Exp0iJ ► FT
The Swiss watch brand Arnold & Son builds all its own movements and tools in-house and from scratch. Each timepiece is a painstaking work of art that takes hours to come to life. Read more about process here: https://www.bloomberg.com/news/features/2017-05-16/how-is-a-watch-made-from-scratch Video by Zach Goldstein, Brian Schildhorn ———- Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1
When Daniel Kottke was dropping acid in the dorms of Reed College, he was often tripping with one of the most creative minds of the last century: Steve Jobs. Laurie Segall reports.
Under ordinary circumstances, the opportunity to make changes to workplace health plans and flexible spending accounts happens only once a year. However, new guidelines from the IRS allow workers to revisit those elections now in response to the coronavirus pandemic. “I cannot think of a time when the IRS has been this flexible,” said David Speier, managing
Xavier Bonghi In today’s environment, it’s just about unimaginable that someone would turn down a $40,000 forgivable loan. Benjamin Brandt, a certified financial planner and president of Capital City Wealth Management in Bismarck, North Dakota, did just that. He initially applied for the Paycheck Protection Program — a forgivable loan program that’s overseen by Treasury
Not much can get past investor Barbara Corcoran on ABC’s “Shark Tank.” “Her ability to recognize the good and bad in somebody, what they’ll be like as an entrepreneur, what they’ll be like as a person – Barbara picks up on that stuff in a minute,” Mark Cuban said on Corcoran’s podcast “888-Barbara.” And on Wednesday’s
Take a look at some of the biggest movers in the premarket: Norwegian Cruise Line (NCLH) – Norwegian reported a first-quarter loss of 99 cents per share, wider than the 50 cents a share loss that analysts had projected. Revenue was in line with forecasts. The cruise line operator said it was well-positioned to withstand
Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Cisco shares rose as much as 4% in after-hours trading Wednesday after the company reported better-than-expected fiscal third-quarter earnings, although revenue dropped 8% from last year’s quarter, steeper than the 4% decline in the prior
Rick Bright arrives to testify before the House Energy and Commerce Subcommittee on Health on May 14, 2019, in Washington, DC. Greg Nash | AFP | Getty Images Dr. Rick Bright said he’ll never forget the moment when he realized the coronavirus pandemic wreaking havoc in Asia would also become a crisis in the U.S.
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