Jim McDonald is using all of his four decades of experience in financial markets to navigate the global pandemic’s impact for wealthy and institutional customers at Northern Trust Corp. His main message: be bullish on U.S. stocks. The huge policy response from American authorities and prospects for even more fiscal measures have left McDonald favoring the U.S. over others. For […]
» Read moreChina Development Bank Financial Leasing Co. canceled an order for 29 Boeing Co. 737 Max planes, worth at least $2.9 billion based on list prices, joining a growing list of customers scaling back plans for buying the grounded jet. The move cuts the company’s outstanding Max order to 70, it said in a statement to the Hong Kong stock exchange […]
» Read moreNew York (CNN)Amazon has started using thermal cameras at its operations facilities to screen workers for fevers, a common symptom of the novel coronavirus. The move comes after a number of cases were reported at Amazon facilities in states such as Washington, California and New York, and a slew of organized walkouts by workers over coronavirus safety. Amazon has installed […]
» Read moreEstimating and comparing companies’ results in the first quarter since the Covid-19 outbreak is more a guessing game than a science. By any measure, though, the outlook for Thailand Inc. is more bleak than for peers across Southeast Asia. Earnings predictions for companies in the MSCI Thailand Index have been slashed by 23% on average so far this year, the […]
» Read moreIndia has banned use of air ambulances and other medical evacuations unless the treatment required is not available locally, as a nationwide lockdown to curb the spread of the coronavirus is extended, according to people with knowledge of the matter. Planes carrying patients will only be allowed to fly if local authorities determine treatment isn’t available at the point of […]
» Read moreWynn Resorts Ltd. Chief Executive Officer Matt Maddox is calling for parts of the Nevada economy to start reopening in early May, followed by the Las Vegas Strip in the middle or later part of the month. “I understand that if we incrementally reopen we might have to pull back if a spike in cases occurs that jeopardizes our health […]
» Read moreAfter the relative peace of the two-week Easter break, millions of parents this week will return – some heavy-hearted, others eager – to their kitchen tables and home computers to resume their children’s DIY lockdown education. With schools remaining closed for the foreseeable future, home school is back and fresh help is at hand. On Monday the BBC will launch […]
» Read moreCoronavirus pushes Gap, SeaWorld to furlough majority of staff FOX Business’ Lauren Simonetti on how Gap and SeaWorld are reacting to the challenge of coronavirus. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Indefinite furloughs began this weekend for more than 100,000 Disney, Best Buy and CarMax workers […]
» Read moreWASHINGTON (AP) — Frustration boiled over into anger on a private call with Vice President Mike Pence as Democratic senators questioned administration officials about coronavirus testing plans but left without adequate answers. At one point in the Friday call, Maine Sen. Angus King, an independent and former governor, told Pence the administration’s failure to develop an adequate national testing regime […]
» Read moreFor the second straight Sunday, tornadoes, thunderstorms, floods and hail are set to hammer the South with the worst sweeping across from Louisiana to Georgia, the same swath that bore the brunt of last week’s carnage. In all, almost 12.3 million people from eastern Texas to North Carolina’s southern Atlantic shore are in harm’s way. The deadly storms could strike […]
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