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Category: Industries


Industries, Others

Carnival and Cruise Industry Scramble to Survive

April 7, 2020

Via: The New York Times

First, there was the Diamond Princess, stranded off the coast of Japan as the coronavirus infected hundreds of passengers. Then the Westerdam, circling in the sea for days with nowhere to dock. Then the Grand Princess, the Costa Luminosa and […]


Energy, Industries

Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing

April 7, 2020

Via: The New York Times

A few years ago, the kind of double-digit drop in oil and gas prices the world is experiencing now because of the coronavirus pandemic might have increased the use of fossil fuels and hurt renewable energy sources like wind and […]


Financial Services, Industries

Bank of America Sees Demand Surge for Paycheck Protection Loans

April 6, 2020

Via: TheStreet

Bank of America (BAC) – Get Report said Monday it was seeing strong demand for emergency rescue loans as current applications already account for nearly 10% of the entire amount allocated by Congress. The bank said that as of Monday […]


Industries, Retail & Wholesale

Coronavirus will pummel already weak retailers long after it’s been contained

April 3, 2020

Via: Fortune

The true retail apocalypse is upon us now, courtesy of the coronavirus outbreak. Big shifts in shopping habits in the past decade have wounded retailers in a disruption often likened to an Armageddon. But that upheaval unfolded in slow motion […]


Energy, Industries

Energy stocks propel broader market higher as crude soars on hopes for a Saudi-Russia truce

April 2, 2020

Via: USA TODAY

Energy stocks propelled the broader stock market higher Thursday, driven by a surge in crude prices on hopes that Saudi Arabia and Russia could step back from their price war. The Dow Jones industrial average jumped 300 points, a day […]


Financial Services, Industries

JPMorgan says the coronavirus market rout has probably hit bottom already

March 30, 2020

Via: Fortune

Strategists at JPMorgan Chase & Co. have concluded that most risk assets — a universe that typically includes stocks and credit — have seen their low points for the recession that’s gripped economies around the world. Conditions that JPMorgan had […]


Energy, Industries

Oil edges lower as traders weigh global demand plunge versus stimulus

March 27, 2020

Via: Market Watch

Oil futures edged lower Friday, as traders continued to balance optimism over a $2 trillion U.S. fiscal stimulus package against a huge drop in demand as result of the global COVID-19 pandemic. West Texas Intermediate crude for May delivery CLK20, […]


Industries, Others

Medicine, phones and strawberries: As passengers drop 90%, desperate airlines convert to cargo to stay afloat

March 26, 2020

Via: Fortune

Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Korean strawberries. The likes of Cathay Pacific Airways Ltd., Korean Air Lines Co. and […]


Industries, Retail & Wholesale

Target sales jump 20% as shoppers stock up to face coronavirus

March 25, 2020

Via: Fortune

Americans stocking up on essentials as they hunker down during the ongoing coronavirus outbreak have sent sales at Target way up so far in March, even as the crisis creates various new challenges for the discount retailer. Target, considered an […]


Financial Services, Industries

SoftBank announces $41 billion asset sale to face coronavirus rout—and silence critics

March 23, 2020

Via: Fortune

Masayoshi Son is making his biggest play yet to silence doubters. On Monday, the Japanese billionaire unveiled an unprecedented $41 billion plan to sell off assets and shore up SoftBank Group Corp.’s crumbling market value in the face of the […]