FedEx Corp said on Friday it would pull $1.5 billion from a credit line and slash CEO pay as stay-at-home orders aimed at stemming the spread of the coronavirus in the United States and Europe hammer demand for its lucrative express services.
Back in November, Netflix (NASDAQ: NFLX) CEO Reed Hastings said the best way to judge success in the streaming wars is how much time consumers spend with each service. And while Disney (NYSE: DIS) has racked up a lot of Disney+ subscribers in a short amount of time, it's not qui
Microsoft (NASDAQ: MSFT) recently revealed that lockdown measures in Italy sparked a 775% jump in Teams' calling and meeting users in a single month. It also saw a "significant spike" in Teams usage, with over 44 million daily users worldwide spending over 900 million meeting
Amazon (NASDAQ: AMZN) recently made a big change to its Prime Video apps in Apple's (NASDAQ: AAPL) App Store. Amazon customers can now buy or rent digital videos on its platform directly from the e-commerce giant without the need to pay through Apple's ecosystem.
Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury department store chain to close its stores, people familiar with the matter said on Thursday.
Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury department store chain to close its stores, people familiar with the matter said on Thursday.
Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury department store chain to close its stores, people familiar with the matter said on Thursday.
Apple (NASDAQ: AAPL) revealed on Wednesday that it had initiated a new program for "premium subscription video entertainment" apps that exempts them from paying the company its traditional cut of the sales they make via the App Store. The most high-profile beneficiary of this c
The coronavirus pandemic has exposed that it's not nearly enough for retirees to simply invest in dividend-paying stocks, since many businesses have been forced to suspend their payouts to preserve liquidity.
The first quarter was rough for Roku (NASDAQ: ROKU) investors. The stock plummeted 35% through the first three months of 2020, a cruel reversal for shares that had more than quadrupled the year before.
Roku (NASDAQ: ROKU) is rolling out a new operating system with voice support that, aside from working with Alexa and Google Assistant voice assistants, also lets you find movies to watch by using popular movie quotes.
As the number of cases of COVID-19 continues to surge in the U.S. and around the world, President Trump has extended national social-distancing guidelines for several more weeks. By encouraging Americans to stay at home and distance themselves from other people, the president a
Since the stock market began its coronavirus-induced selloff in mid-February, few stocks have been spared from some amount of downturn. The broader markets have lost more than a quarter of their value since mid-February, with the S&P 500 (SNPINDEX: ^GSPC) down 27% since the
Hardly any sectors of the stock market have brought joy to investors in recent weeks, but the renewable energy industry has been particularly grim. The NASDAQ Clean Edge Green Energy Index dropped 23.4% in March, compared to a 12.5% decline in the S&P 500.
Hardly any sectors of the stock market have brought joy to investors in recent weeks, but the renewable energy industry has been particularly grim. The NASDAQ Clean Edge Green Energy Index dropped 23.4% in March, compared to a 12.5% decline in the S&P 500.
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