60 F
New York
Wednesday, April 8, 2020
Grocery stores have been overrun day after day since the coronavirus pandemic began. While consumers have been flocking in record numbers to shop for staples, demand by restaurants and others in the foodservice industry has been down. Add to the mix concerns over labor shortages on U.S....
Thirty volunteers from the nation’s largest tech companies built a coronavirus tracking site in six days. The volunteers from Apple, Amazon, Alphabet Google and others worked six straight nights to make it happen.  The team of volunteers worked closely with epidemiologists, including John Brownstein,...
On Monday, stocks fell 3 percent as the Senate failed for a second time to push through a stimulus to help Americans deal with the economic fallout of the coronavirus. Lawmakers are still trying to come up with a solution, but in the meantime,...
Amid plunging stocks, Walmart stock is rallying, this past week at 2 percent higher. The coronavirus created market instability last week, sending many stocks south.  But grocery store panic runs have sent Walmart stock higher. The big-box retailer is even hiring more workers to...
JPMorgan Chase has announced that it is temporarily shutting down around 20 percent of its bank branches due to the coronavirus outbreak. The bank, which is based out of New York, currently has 256,981 employees distributed at 4,976 branches. JP Morgan is the largest...
Impossible Foods, a company that creates synthetic meat from heme molecules, has raised approximately $500 million in its most recent series F funding effort. The alternative meat product is said to taste, look, and even bleed like real meat. The chief investor was Mirae Asset Global Investments,...
After a turbulent week on Wall Street, stocks rallied on Friday during the final moments before closing. Markets had fallen sharply multiple days to levels not seen since the stock market crash of 1987. But on Friday, the president declared a national emergency for...
The coronavirus is the most significant threat to the travel industry since the 911 terrorist attacks in 2001. As expected by many, the coronavirus is causing airlines to cuts flights and stop hiring for the time being. Both Delta and American Airlines...
It’s been tough to find any good news with an awareness of the coronavirus being more heightened. But homeowners and would-be-homeowners might feel differently. Refinancing rates for 30-year mortgages recently fell to 3.57 percent, while mortgage rates for new loans stood at 3.11 percent...
Saudi Aramco shares traded beneath its original IPO pricing for the first time on Sunday. The Saudi state’s oil conglomerate was down 6.36 percent and was trading at $8.24, or 30.90 riyals. During its IPO in December, Saudi Aramco’s listing price was 32 riyals.