Category: Industries

April 7, 2020

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 […]

April 7, 2020

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 […]

April 6, 2020

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 […]

April 3, 2020

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 […]

April 2, 2020

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 […]

March 30, 2020

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 […]

March 27, 2020

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, […]

March 26, 2020

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 […]

March 25, 2020

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 […]

March 23, 2020

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 […]