Over the past few weeks, COVID-19 has turned into a global pandemic, upending daily life worldwide. In the business world, no industry has been hit harder than aviation. With public health authorities vehemently urging people to avoid all non-essential travel, U.S. airlines have
French drugmaker Sanofi (NASDAQ: SNY) is at the forefront when it comes to the development of a coronavirus treatment or vaccine, and yet its shares haven't benefited from the efforts. While Sanofi has outperformed the S&P 500 index (down 26% this year), it has still lost 20
Oil prices have cratered more than 50% from their highs earlier this year following dual shocks to supply and demand. This sell-off has pushed the U.S. oil price benchmark (WTI) to around $30 a barrel, which is a far cry from the $50-a-barrel level that most U.S. producers used
As COVID-19 continues to batter the stock market and U.S. economy, millions of workers are suddenly seeing their incomes plummet. And while salaried employees are by no means immune to this trend, hourly workers are being hit even harder, according to a new survey by Branch.
(RTTNews) - Loblaw Companies Ltd (L.TO) said on Saturday that its existing employees across stores will get a premium of two dollars per hour, retroactive to March 8, 2020.
The passage of the 2018 Farm Bill created a significant opportunity for the cannabis industry. It legalized hemp-derived cannabidiol (CBD) at the federal level in the U.S., giving companies a way to legitimately sell CBD products. It was an exciting opportunity -- but, unfortuna
General Motors (NYSE: GM) said on Friday night that it has agreed to lend its idled factories to support the production of hospital ventilators in the fight against the coronavirus pandemic.
FedEx's (NYSE: FDX) third-quarter earnings are in, and while the numbers may have squarely beaten analysts' estimates, the shipping company has done something investors don't often get to see: suspend, not just slash, its outlook for 2020 as the COVID-19 coronavirus outbreak spr
(RTTNews) - The Kroger Family of Companies (KR) announced that it will provide a one-time bonus to every hourly frontline grocery, supply chain, manufacturing and customer service associate, amounting to $300 for every full-time associate and $150 for every part-time associate.
The U.S. Army has selected Textron (NYSE: TXT) and Lockheed Martin (NYSE: LMT) to battle to build its new Future Long-Range Assault Aircraft (FLRAA), with the prize a potential $40 billion-plus contract to replace the UH-60 Black Hawk helicopter.
It's hardly a new complaint. Indeed, the headlines raging against shockingly big paychecks collected by United States CEOs have been regularly recirculated for years. This time, though, against a backdrop of consumers' concern over online privacy and frustration over lingering i
With no antibodies built up in the population, no known cure, and no existing vaccine against COVID-19, some may fear that there's no hope for those suffering with the disease now or in the future. However, there have actually been green shoots of positive results from several e
Shares of Peloton Interactive (NASDAQ: PTON) have been quite volatile since its IPO in September. Making it worse is the recent market sell-off over concerns about the COVID-19 outbreak.
Very few companies are getting stronger as a result of the coronavirus pandemic, but Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX), and Chewy (NYSE: CHWY) are. These companies are only becoming more relevant in our lives as we are increasingly spending our money at home and onli
The COVID-19 pandemic has affected the world economy in unprecedented ways. Never before in most of our lifetimes has the nation been through a period where people have been asked to stay home, work remotely if possible, or not work.
The past three weeks have been the most volatile period that most investors have ever experienced. We have seen stocks lose -- then regain -- then lose again -- more value in a shorter period of time than at any other point in the past three decades.
In what can be considered a form of hazardous duty pay, banking giant JPMorgan Chase (NYSE: JPM) is giving certain employees a one-time cash bonus of $1,000 apiece. The bonus, intended for "front-line" workers who staff the company's wide network of banks or those who have to do
(RTTNews) - Best Buy Co., Inc. (BBY) announced that it has withdrawn all fiscal 2021 financial guidance previously issued on February 27, 2020 for both the first quarter and full year. Also, the company has suspended all share repurchases. The company specified that its quarter-
Zuora (NYSE: ZUO) helps businesses transition from one-time product sales to a subscription-based business model by providing software that makes this change hassle-free. Its offerings have gained popularity as they allow businesses to enjoy a recurring revenue stream, which of