Coronavirus threatens surging global wealth: Report

US economy, consumer will see coronavirus recovery: Moody’s economist John Lonski Moody’s Analytics chief markets economist on why he sees optimism in Federal Reserve Chairman Jerome Powell’s coronavirus comments. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Global wealth has more than doubled over the last decade in the […]

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NYC Council agrees to cap Grubhub, UberEats fees during pandemic

The New York City Council compared food ordering apps like Grubhub and UberEats to blood-sucking parasites on Wednesday before passing emergency legislation aimed at helping struggling restaurants lower their delivery costs during the pandemic. During the state of emergency caused by the coronavirus, food ordering and delivery apps will not be allowed to charge restaurants more than 15 percent in […]

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UK Economy Logs Biggest Contraction Since 2008

The UK economy contracted the most since the global financial crisis as measures adopted to reduce the transmission of the coronavirus took a toll on overall activity, data from Office for National Statistics revealed on Wednesday. Gross domestic product fell 2 percent sequentially in the first quarter, which was the largest decline since the fourth quarter of 2008. Economists had […]

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Stock Alert: PGT Innovations Jumps 21% As Q1 Results Beat Estimates

Shares of are PGT Innovations, Inc. (PGTI), a manufacturer of impact-resistant residential windows and doors, are gaining more than 21 percent or $2.10 in Wednesday’s morning trade at $11.87 after the company’s financial results for the first quarter beat analysts’ estimates. The stock has traded in a range of $6.88 to $18.48 in the past 52 weeks. Wednesday, PGT Innovations […]

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Sage Group H1 Profit Climbs; Backs Organic Recurring Revenue Growth View

Technology company Sage Group Plc (SGE.L) reported Wednesday that its first-half profit before income tax climbed to 275 million pounds from last year’s 198 million pounds. Underlying profit before tax was 205 million pounds, same as last year. Basic earnings per share were 20.56 pence, up 44.9 percent from last year’s 14.19 pence. Underlying earnings per share were 13.75 pence, […]

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Joe Biden pledges to probe coronavirus stimulus loan program

Democratic presidential hopeful Joe Biden pledged to probe the Trump administration’s coronavirus loan programs if he’s elected this year. The former vice president said he would tap an inspector general on his first day in office to review “every stimulus loan given to any big company or political insider.” He was apparently referring to efforts such as the Paycheck Protection […]

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