A customer looks at a newly purchased Toyota Motor Corp. vehicle at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images Toyota Motor on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with
Republican Sen. Rand Paul challenged one of the Trump administration’s top health advisors on the coronavirus pandemic, questioning why the U.S. shouldn’t reopen schools in the fall when relatively few children die from Covid-19. “Shouldn’t we at least be discussing what the mortality of children is?” Paul asked White House coronavirus task force advisor Dr.
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images The coronavirus market downturn spurred young people — in some cases, for the first time in their lives — to get
Officials in Rio de Janeiro hoped hosting the 2016 Olympics would help make it a first-class city. Instead, many buildings and stadiums made for the games have gone unused since the event ended. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI on Facebook: http://bit.ly/1W9Lk0n Read more: http://www.businessinsider.com/ ————————————————– Business Insider is the fastest growing
Who has the best facilities for mobile phone payment — the world’s tech hub or China’s business capital? The FT’s Gabriel Wildau and Leslie Hook grab their phones to see which city comes out on top. ► Subscribe to FT.com here: http://on.ft.com/2eZZoLI ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content
July 23 (Bloomberg) — John Paul Dejoria, co-founder of John Paul Mitchell Systems and Patron Tequila, is living the American Dream on steroids. He tells Bloomberg the business ethos that fueled his meteoric rise to the top. Video by: Alexandra Dean, Victoria Blackburne-Daniell. (Source: Bloomberg)
Carla Harris, Vice Chairman at Morgan Stanley, was the first African American to join the bank’s management committee and has become a powerful voice for women in finance.
Sandi Bochum Source: Donna Aceto Eight weeks after Sandi Bochum applied for unemployment benefits in New York, she’s still waiting for a check. The 75-year-old video journalist’s income has dried up, thanks to the coronavirus pandemic, which has prevented her from getting on the subway or an airplane to shoot events. “I’m completely paralyzed,” said Bochum,
In the months since the novel coronavirus started spreading across the world, Bill Gates has been one of the most outspoken public figures with regards to the global response to the pandemic. However, Gates says he wishes he had “done more” to warn the world about the potential dangers of a global pandemic before coronavirus
Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. GrubHub, Uber — Grubhub shares soared more than 27% on news that ride-hailing company Uber has approached the company with a takeover bid. Uber’s offer comes months after other outlets reported that food-delivery service Grubhub had hired advisors to explore strategic
Chief Executive Officer Bracken Darrell of Logitech addresses a news conference in Zurich, Switzerland March 6, 2019. Arnd Wiegmann | Reuters Logitech reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis. Logitech said demand accelerated in the three months
The Swedish government said the funding boost should be enough to fund training for 10,000 people. Maskot/Getty Images The Swedish government has pledged to spend an additional 2.2 billion Swedish krona ($226 million) on care for the elderly, as its death toll from the coronavirus continues to rise. Sweden’s government said Tuesday the funds would
Social Capital CEO Chamath Palihapitiya argued Tuesday on CNBC that Jeff Bezos is a better investor than Warren Buffett, pointing to the Amazon CEO and founder’s history of reinvesting in the business. “People used to lambaste Jeff Bezos for not being profitable, but when you looked under the hood, he was the single best investor of our generation,
U.S. President Donald Trump speaks during a meeting with Republican members of Congress in the State Dining Room at the White House in Washington, U.S., May 8, 2020. Tom Brenner | Reuters President Donald Trump is reportedly considering another way to get more money to struggling Americans by letting them take an advance on their
Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images Virgin Group founder Sir Richard
As states begin to lift stay-at-home orders, some of the first businesses to shut down in March to minimize the spread of coronavirus are now beginning to reopen their doors. Workers within the retail, restaurant, hospitality, service and meatpacking industries are getting calls from their employers that it’s time to get back to work. But
What a difference a year may make. CFRA’s Sam Stovall believes stocks will return to all-time highs in the next 12 months. “In other bear markets going back to 1929, and the average 13 month advance was 50%,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Monday. “We have a very good possibility
Many recovered Covid-19 patients are reporting a longer road to “full health” than expected and some appear to have relapsed, the World Health Organization said Monday. Researchers around the world are still trying to understand exactly how the coronavirus affects the human body. WHO officials say they are working with governments and hospitals around the
Gatorade built this technology from scratch just for an ad. 2,500 switches turn the water on and off, and motion capture tells it what to do. The results are incredible. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI on Facebook: http://bit.ly/1W9Lk0n Read more: http://www.businessinsider.com/ ————————————————– Business Insider is the fastest growing business news site
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs The booming outsourcing sector has created jobs in the services sector for an educated middle class that is thriving. But not everyone is benefiting from the country’s economic growth. Lack of investment, training and manufacturing means there are few opportunities for those without a decent education.
Hello World’s Ashlee Vance paid a recent visit to Iceland’s capital city of Reykjavik to see the next part of the green energy story. He found a start-up called Icewind that is building a new type of funky wind turbine designed to perform well in low-wind conditions but also to slow itself down in high-winds,
Ali Abdullah tells CNNMoney’s Laurie Segall how he went from being homeless to launching a startup that’s raised $2 million.
Richard Cordray, former director of the Consumer Financial Protection Bureau and author of “Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy” Congress provided borrowers a lifeline when it passed the CARES Act. Whether it will deliver significant relief to consumers remains to be seen. The $2.2 trillion coronavirus relief bill
Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Billionaire hedge fund investor Paul Tudor Jones said Monday the economy would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained for another year. “If a year from now, we are still in the same
You get what you pay for — usually. But as a result of the coronavirus pandemic, many parents find themselves at home with their kids 24/7, while still paying child-care bills. Sabrina Ryan’s life is now dictated by a shared calendar. In order to balance work responsibilities and caring for their 3-year-old son, Ryan and
The world’s wealthiest could be subjected to higher tax rates as governments scramble to fund spending and repair their economies amid the coronavirus crisis, an economist has predicted. Speaking to CNBC’s “Street Signs Europe” on Monday, Roger Bootle, chairman of Capital Economics, said he was concerned that some governments — including Britain’s — would assume
An Under Armour store front is seen on November 04, 2019 in Sunrise, Florida. Joe Raedle | Getty Images Under Armour reported a sales decline of 23% during its first quarter, as its business took a blow from the coronavirus pandemic and its stores were forced shut, freezing its turnaround plans. The retailer said it plans to
Jeremy Kennedy, a Ford employee, secures the engine and transmission to the subframe of a new 2020 Explorer at Chicago Assembly Plant. Ford Not even during the Great Recession and bankruptcies of General Motors and then-Chrysler did the automotive industry come to a standstill like it has during the coronavirus pandemic. U.S. automakers are losing
Robert Kneschke / EyeEm The coronavirus has devastated economies around the world and disrupted life in ways that were unimaginable just a few months ago. The world will never be the same. But at some point, industries will start coming back online and people will start going out again. We asked travel industry experts for
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 With one-third of S&P 500 companies declining to provide guidance, picking winners and losers has become a very delicate business. How