Category: Industries

July 6, 2020

Crude-oil futures on Monday were trading mixed, with the U.S. oil moves influenced by a evidence of growing cases of coronavirus and Brent at least partly lifted by enthusiasm over the perceived recovery from the pandemic in China. Brent, the […]

July 6, 2020

DETROIT — When it comes to rugged vehicles that go off the road, over rocks and into the mud to experience nature, Jeep for years has cornered the U.S. market. Now Ford is reviving the Bronco brand name in an […]

July 2, 2020

A social media storm kicked up late Saturday and Sunday as Chase banking customers panicked when it seemed as if money suddenly vanished from their bank accounts. Some consumers who expected to be paid Friday via direct deposit claimed during […]

June 30, 2020

Wells Fargo (WFC) – Get Report announced it will cut its dividend, breaking rank with all of Wall Street’s other big banks, following the Federal Reserve’s move to set new restrictions on dividend payouts to shareholders. The fourth-biggest U.S. bank […]

June 26, 2020

The pandemic, and Americans’ turn to e-commerce during it, have hastened the death of brick-and-mortar. J. Crew, Neiman Marcus, JCPenney, and Pier 1 Imports have all announced their file for bankruptcy since the onset of the virus. E-commerce isn’t just […]

June 25, 2020

WASHINGTON — Orders to American factories for big-ticket goods rebounded last month from a disastrous April and March as the U.S. economy began to slowly reopen. The Commerce Department said that orders for manufactured goods meant to last at least […]

June 25, 2020

The fallout of the sales collapse at Macy’s brought on by the COVID-19 pandemic continued on Thursday as the department store chain announced thousands more job cuts. Macy’s, the largest U.S. department store company, said it was eliminating some 3,900 […]

June 24, 2020

Add GNC to the list of retailers too fragile to withstand the stress on their business from the COVID-19 pandemic. GNC’s parent company, GNC Holdings Inc., filed for Chapter 11 bankruptcy protection late Tuesday, and the health and wellness retailer […]

June 22, 2020

Oil futures on Monday headed lower amid rising cases of the COVID-19 pandemic, but the improved outlook for long-term global demand has sparked one major investment bank to raise price targets for the commodity for this year and the next […]

June 16, 2020

BALTIMORE — U.S. retail sales likely recovered somewhat last month as the economy increasingly reopened from shutdowns caused by the coronavirus and more shoppers felt confident enough to spend. The Commerce Department is expected to report Tuesday that retail purchases […]