Despite outrage on Main Street and new pressure from the Treasury Department this week, several publicly traded companies that received payroll relief funds from the Small Business Administration oppose demands to return the cash. The companies said the Paycheck Protection Program loans have allowed them to keep employees on payroll and that they disagree with
Month: April 2020
The 2020 NFL draft took place virtually on Thursday night. The Cincinnati Bengals selected former LSU standout Joe Burrow with the first pick. The 23-year-old quarterback, who is among a select few to have won the Heisman Trophy and a national championship in the same season, celebrated from his home in Athens County, Ohio, with his
A view of baggage claim at the United Airlines terminal at Los Angeles International Airport (LAX) during the outbreak of the novel coronavirus, which causes COVID-19, April 16, 2020, in Los Angeles. VALERIE MACON It’s clear that Americans have slowed their spending drastically as many industries essentially grind to a halt amid the coronavirus pandemic and
Intel CEO Robert “Bob” Swan announces the company’s Tiger Lake chips at the technology fair CES. Christoph Dernbach | picture alliance | Getty Images Intel shares fell as much as 6% in extended trading on Thursday after the company reported earnings for its fiscal first quarter. Here are the key numbers: Earnings: $1.45 per share, adjusted
California governor Gavin Newsom Rich Pedroncelli | Pool | AP California Gov. Gavin Newsom announced the launch of a new program Friday called “Restaurants Deliver: Home Meals for Seniors,” which will use local eateries to prepare and deliver free food for older adults in need. Created through a partnership with the Federal Emergency Management Agency,
Vanilla prices have climbed so high it’s worth more by weight than silver. This increase in price has to do with a number of factors, including vanilla bean theft, complex pollination, extreme weather, and the rise of the “all natural” food movement. —————————————————— Business Insider tells you all you need to know about business, finance,
Take our survey and tell us what you like about our YouTube channel and would like to see more of: https://bit.ly/33SJ8AI The FT’s Leo Lewis looks at how the Japanese workplace is faring a year after prime minister Shinzo Abe passed legislation to address karoshi, or death from overwork. Read more at https://on.ft.com/2QDeJmv ► Check
Charlie Rose talks to Oscar nominee Leonardo DiCaprio about his film “The Wolf of Wall Street.” The actor reveals what he learned from conman Jordan Belfort and shares behind-the-scenes stories from the set of the movie. To see the full interview go to www.charlierose.com. ———- Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1 Bloomberg
Having a full-time job doesn’t mean you can afford the rent. One bus driver in California lives out of his van in a parking lot.
PhotoAlto/Dinoco Greco American teens are worried about the financial impact of the coronavirus pandemic on their family — and on their future. According to a survey by Junior Achievement, 57% of teenagers said they were concerned about how Covid-19 will affect their life after high school. Of the high school juniors and seniors polled, 27%
Long-time professional traders watching the near implosion of the United States Oil Fund could only watch in wonder. “It tells me people always want to make a quick buck,” said John Davi, chief investment officer and founder of Astoria Portfolio Advisors. He was referring to retail investors who lost a boatload of money investing in
Phynart Studio In the Before Time, you had your pick of side gigs. That was before the coronavirus pandemic changed just about everything, including (possibly) your salary. If you’re looking for extra cash either to supplement or replace lost income, you might want to consider side jobs that help you avoid contact with potential customers.
File photo of skulls of White Rhinos and the snares that have entrapped them stand as a stark reminder of the ongoing battle in South Africa to protect these majestic, gentle giants of the African bush. Ilan Godfrey | Getty Images Ryan Tate is supposed to be in South Africa right now helping to fight
Source: American Express Credit card issuer American Express posted a 76% drop in first-quarter profit on Friday, as it set aside $2.6 billion to cover potential losses stemming from the coronavirus outbreak. The pandemic has hammered the global economy, pushing companies to layoff employees by the millions. That, in turn, could weigh on credit card
A sign that reminds clients to keep 1.5m distance in a clothes store as they open for the first time since March during the coronavirus (COVID-19) pandemic on April 22, 2020 in Berlin, Germany. Maja Hitij/Getty Images Despite the easing of coronavirus lockdown measures in the country, Germans are seemingly reluctant to rush back to
(Credit: Getty | PeopleImages) When the government launched a web tool on April 15 so that eligible Americans could find out the status of their coronavirus stimulus payments, Jake Koepke was eager to log on. But the central Wisconsin resident, 34, was disappointed to find himself shut out after three failed attempts to get onto
As smaller investors pile into the risky and troubled United States Oil Fund, hedge funds are taking the other side of that trade and making a lot of money. As the fund, which trades under the ticker USO, plunged 75% in the last two months, those who bet against it by short selling pocketed hundreds
When Jyri Engestrom, a 42-year-old entrepreneur who runs a small early stage venture fund in San Francisco, California, read an article in the Guardian newspaper about an Italian village that tested its entire community for the novel coronavirus and was reportedly able to eradicate the virus by doing so, he was inspired. Engestrom wanted to do
Steven Eisman, senior portfolio manager at Neuberger Berman. Katie Rooney | CNBC Renowned investor Steve Eisman said Thursday U.S. banks are an attractive investment following the coronavirus-induced market sell-off. “I actually think long-term, the best cyclical play out there are the very large banks,” Eisman, senior portfolio manager at Neuberger Berman, told CNBC’s “Fast Money.”
Target CEO Brian Cornell said Thursday the retailer has benefited from a surge in online shopping, but warned it will have lower profits this quarter due to higher costs. The news sent Target shares tumbling nearly 7% in premarket trading. Still, Cornell said the trend of shoppers avoiding trips to stores has worked in the discount
Ruth’s Chris Steakhouse Source: Ruth’s Chris Steakhouse Ruth’s Chris Steakhouse owner, Ruth’s Hospitality Group, announced Thursday that it is repaying the $20 million it received under the federal government’s Paycheck Protection Program. “We intended to repay this loan in adherence with government guidelines, but as we learned more about the funding limitations of the program and
Oil paint is simple. At its most basic, it’s just a mixture of oil and pigment. But depending on the color and quality, a liter of this paint could cost you $285 to $1,100. While the rise of oil paint is associated with the Renaissance, paintings using poppy-seed oil have been dated as far back
When bond prices rise, their yields drop. In the case of the German government’s 10 year bond, yields have sunk below positive territory and into the negative. FT explains why some investors still want to purchase an asset that they will lose money on. Read more at https://on.ft.com/2WQBEiE ► Subscribe to FT.com here: http://bit.ly/2GakujT ►
Nov. 25 (Bloomberg) — President Barack Obama was interrupted by hecklers during a speech on immigration today in Chicago. (Source: Bloomberg) Bloomberg Politics leads Bloomberg’s political coverage across all platforms: Web, mobile, television, digital video, radio, live events and more. “With All Due Respect” is hosted by Mark Halperin and John Heilemann airs at 5p
Steph Curry, Michael Phelps and Jimmie Johnson all go to Phil de Picciotto when it comes time for contract negotiations. CNNMoney’s Ahiza Garcia gets pro tips on how to negotiate your next raise.
U.S. households that already were less prepared to weather a financial storm are getting hit hardest from the recent rash of job losses across the country, research shows. Adults with lower income (under about $37,500 annually) and middle income ($37,500 to $112,600) comprise a greater share of those who have lost their job or taken
Equinor’s Johan Sverdrup oil field depicted in August 2019. Lundin Petroleum received its first oil from Phase 1 of the Johan Sverdrup field in early October. Ole Jørgen Bratland | Equinor Press Images Norway’s Equinor announced Thursday it will cut its quarterly dividend payment to shareholders by two-thirds, potentially paving the way for other oil
Nearly every aspect of living and working has been upended by the coronavirus pandemic. Running essential errands, checking on friends and family, caring for kids while school is shut down and staying healthy have all become harder. On top of all that, workers are simultaneously worried about job security and may be logging longer, more distracted hours in
An employee makes a pizza next to a Just Eat Plc branded delivery bag in the kitchen of The Fat Pizza takeaway pizza restaurant in Southend-on-Sea, U.K., on Thursday, Dec 19, 2019. Chris Ratcliffe | Bloomberg via Getty Images Dutch food delivery firm Takeaway.com’s £6.2 billion ($7.6 billion) takeover of British rival Just Eat has
Planes belonging to Delta Air Lines sit idle at Kansas City International Airport on April 03, 2020 in Kansas City, Missouri. Jamie Squire | Getty Images Delta Air Lines‘ on Wednesday posted a pretax loss of $607 million for the first quarter and issued a bleak forecast for this spring as the coronavirus saps travel demand.
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