Tag: COVID-19

March 15, 2021

E-commerce will have its first trillion-dollar year of sales in 2022 as people continue to shift their spending habits online amid the COVID-19 pandemic, new data from Adobe projects. The pandemic gave e-commerce sales an “extra boost” as consumers moved […]

March 10, 2021

Shutting down a $20 trillion economy in full swing seemed a daunting enough task by itself. Restarting that massive machine has proven still tougher. A year ago, the government brought activity to a near-standstill in hopes of stunting the growth […]

March 10, 2021

General Electric on Wednesday said it will sell its jet leasing business to rival AerCap in a deal valued at $30 billion, a move that would create a massive lessor as the aviation industry struggles through the Covid-19 pandemic and […]

February 22, 2021

Kohl’s shares soared more than 9% in premarket trading Monday after a group of activist investors confirmed it has nominated nine directors to the company’s board, looking to turn the business around and boost its stock. The group consisting of […]

February 16, 2021

The transition to online learning in the wake of the COVID-19 pandemic has been challenging for some students at Tougaloo College. The private, four-year historically Black college serves students living in the Mississippi Delta, a rural region long considered one […]

February 11, 2021

Automakers across the globe are expected to lose billions of dollars in earnings this year due to a shortage of semiconductor chips, a situation that’s expected to worsen as companies battle for supplies of the critical parts. Consulting firm AlixPartners […]

February 10, 2021

Even before COVID-19 struck the University of Vermont, Suresh Garimella, its president, knew the institution faced serious financial pressures that needed to be addressed. The number of high school seniors in the state was expected to decline, reducing one of […]

February 10, 2021

Under Armour on Wednesday reported a surprise profit for the holiday quarter, with sales boosted by strong digital growth and expenses kept in check. The retailer has been one key beneficiary during the Covid pandemic, along with Nike and Lululemon, […]

February 3, 2021

Even as vaccines are distributed nationwide and COVID-19 cases fall, the US government may need to take on swaths of new debt to get through the pandemic. Borrowing related to the costs of COVID-19 is likely to stay elevated well […]

February 2, 2021

Exxon Mobil said Tuesday that it lost $20.1 billion during the most recent quarter, its fourth straight quarter of losses as the energy giant continues to grapple with the pandemic’s impact on the industry. Exxon said it earned 3 cents […]

January 28, 2021

Mastercard (MA) – Get Report shares rose Thursday as fourth-quarter profit and revenue fell from a year ago but exceeded expectations, as the payments company weathered the Covid pandemic. Revenue slid 7% to $4.12 billion in the quarter from $4.41 […]

January 26, 2021

Shares of General Electric rose by almost 5% in morning trading Tuesday after the company reported better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for this year. The stock briefly jumped by more than 10% […]

December 28, 2020

It’s a truth universally acknowledged that as the festivities of the holiday season wind down and New Year’s resolutions set in, gyms and fitness centers are most crowded during the first quarter—if not the first month or even the first […]

December 24, 2020

Every year, an army of friendly, woodsy-looking salespeople, many from Quebec, sell live Christmas trees on New York City sidewalks. Street vendors are ubiquitous on the city’s landscape, but New Yorkers have a particular fondness for the Christmas tree migrants. […]

December 17, 2020

US stocks gained in Thursday morning trades, pushing near record all-time-highs as a $900 fiscal stimulus bill to hasten the economic recovery from the COVID-19 pandemic appeared imminent. The stimulus bill would include direct payments to most Americans of $600, […]

December 15, 2020

Despite the dire economic reality that millions of Americans face today, the stock market has been on a tear. Intervention by the Fed and strong performance by tech companies helped the market rebound quickly. Plus, the election of Joe Biden […]

December 14, 2020

Congress is now truly down to the wire with only one week left to put pen to paper on a relief package. On Friday, Congress passed a one-week spending bill to avert a government shutdown and to give leaders another […]

December 10, 2020

The European Central Bank unleashed another half-trillion euro ($600 billion) wave of stimulus as a winter surge in COVID-19 infections shuts down large parts of the economy and wipes out pre-Christmas sales revenue ahead of the region’s most important holiday. […]

December 8, 2020

Almost a week after Democratic congressional leaders climbed down from their demand for a multi-trillion dollar stimulus package, Senate Majority Leader Mitch McConnell continued to tout his own plan, endangering prospects for a compromise. McConnell’s top priority—federal limits on Covid-19 […]

December 4, 2020

In late February, Jessica Bonner-Gomez, an elementary school speech-language pathologist, signed a yearlong lease for an apartment in Birmingham, Ala. She and her husband, a hospital nurse, thought it would be a temporary move. The couple had recently qualified for […]