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After showing a lack of direction earlier in the session, stocks continue to turn in a lackluster performance in afternoon trading on Tuesday. The major averages have spent the day bouncing back and forth across the unchanged line. In recent trading, the major averages showed a notable move to the downside, although the Nasdaq has subsequently bounced back above the […]
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Pizza Express is to reopen 13 London restaurants for delivery only in the next 10 days as it tests the water for a national return to business. Zoe Bowley, the managing director of Pizza Express for the UK and Ireland, said the casual dining chain would begin with an edited menu from restaurants in “London villages”, including Balham, Fulham and […]
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EXCLUSIVE: As New York City battles through COVID-19, enduring more cases (200,000) and deaths (20,000) than anywhere in the world, the film and TV production sector appears to be a long way from resuming its previously brisk pace. A new option for producers is now poised to open two hours away, however: Upriver Studios in Saugerties, a town along the […]
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Consumer prices in the U.S. decreased in line with economist estimates in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index slid by 0.8 percent in April after falling by 0.4 percent in March. The drop by the index, which matched economist estimates, reflects the largest […]
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Warren Buffett was willing to stand by Goldman Sachs Group Inc.’s side during the last economic crisis, at least for the right price. Now, he’s bailing out just as the pandemic throws the U.S. economy onto uncertain terrain. Berkshire Hathaway Inc. sold 84% of its Goldman Sachs stock in the first quarter, marking a reversal for an investor who generally […]
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Moderna Inc. plans to raise as much as $1.3 billion through a sale of shares to fund manufacturing of a coronavirus vaccine seen as one of the frontrunners in the race for immunization against the widening pandemic. The U.S. biotechnology firm will sell 17.6 million shares priced at $76 a piece, according to a statement Tuesday. The price represents a […]
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Matthijs Wouter Knol, the long-serving director of the Berlin International Film Festival’s European Film Market (EFM), is leaving his post to take the reins at the European Film Academy. Wouter Knol will remain in situ until October 31, with Berlinale management exploring options for his succession. Next year’s EFM is due to take place February 11-18. The Berlin-based European Film […]
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Asian stocks declined on Tuesday as tensions soared between Beijing and Washington, and concerns grew regarding a potential second wave of the coronavirus as several countries start to emerge from lockdowns. China, Germany and South Korea have reported new clusters of coronavirus cases, highlighting the potential threat of reopening economies too quickly. Chinese shares ended slightly lower as inflation data […]
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Delta Air Lines Inc. plans to restore 100 flights in June, providing a hint that travel demand may be poised to inch up after almost disappearing because of the coronavirus pandemic. The additions — including flights from New York to Paris, and from Atlanta to Cancun — are based on “customer demand,” federal health guidelines and government travel restrictions, Delta […]
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Summitt Labs voluntarily recalled one lot of Kore Organic Watermelon CBD oil tincture to the consumer level after the product was found to contain high levels of lead. Ingestion of the oil tincture containing lead could result in high lead exposure and acute lead poisoning. The company issued the nationwide recall for Batch#730 Lot#K018 of the Kore organic watermelon CBD […]
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