Its market value just a fraction of what it was five years ago, Macy’s is being removed from the S&P 500 index.
U.S. stocks joined a worldwide downdraft Wednesday as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak.
Jolly Ghebreab, owner of Bong’s Grocery and Deli, said now is not the time to make money. On Monday, he set his gas prices at $1.99.
The coronavirus-related recessions around the world are going to be bad – and for some of the world’s major industrial nations the worst that anyone alive has experienced, according to analysts at Deutsche Bank.
With about 75 percent of the nation under stay-at-home orders, agriculture officials said they do not fear that food-processing operations pose a risk for spreading the coronavirus.
Spokane area banks and credit unions are now offering payment deferments that allow anyone who has lost their job as a result of the coronavirus outbreak to put a hold on paying mortgages and some loans to help them through the crisis, officials said.
The Treasury Department wants airlines to say how they will compensate the government for $25 billion in grants used to keep employees on the payroll during the coronavirus outbreak.
Walmart said Tuesday it will begin temperature checks for all employees before they start their shifts.
Cruise line operator Carnival Corp. is turning to all corners of the capital markets to raise $6 billion of cash after the covid-19 pandemic halted travel, bringing its business to a near standstill.
Amazon fired a worker who organized a walkout at a New York warehouse to demand greater protection against the new coronavirus, saying the employee himself flouted distancing rules and put others at risk.