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Category: Industries


Energy, Industries

Brent oil scores lift from Saudi price rise, China optimism, while U.S. crude weighed by rising coronavirus cases

July 6, 2020

Via: Market Watch

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 […]


Industries, Manufacturing

Ford revives Bronco brand, aims at Jeep’s big off-road sales

July 6, 2020

Via: ABC News

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 […]


Financial Services, Industries

Disappearing cash scares consumers in COVID-19 era

July 2, 2020

Via: USA TODAY

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 […]


Financial Services, Industries

Wells Fargo Breaks Rank With Wall Street and Cuts Its Dividend

June 30, 2020

Via: TheStreet

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 […]


Industries, Retail & Wholesale

Amazon dominates e-commerce during the pandemic—but Walmart is catching up

June 26, 2020

Via: Fortune

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 […]


Industries, Manufacturing

Orders for US big-ticket factory goods surge 15.8% in May

June 25, 2020

Via: ABC News

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 […]


Industries, Retail & Wholesale

Macy’s cutting another 20% of corporate jobs as coronavirus pummels sales

June 25, 2020

Via: Fortune

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 […]


Industries, Retail & Wholesale

GNC is the latest retailer to file for bankruptcy, closing up to 1,200 stores

June 24, 2020

Via: Fortune

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 […]


Energy, Industries

Oil futures slip as coronavirus cases rise globally on Monday but BofA lifts crude price outlook

June 22, 2020

Via: Market Watch

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 […]


Industries, Retail & Wholesale

US retail sales likely recovered partly from record plunge

June 16, 2020

Via: ABC News

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 […]