Airlines will burn through as much as $61 billion worldwide in the second quarter, industry group IATA predicted, warning that carriers could run out of cash...
Continue reading...March 2020
New York state has now reported more than 1,500 virus fatalities, roughly half of all U.S. deaths from the pandemic.
New York State reported more than 300 deaths from Covid-19 in the past day, pushing overall fatalities above 1,500 — or roughly half of all U.S....
Continue reading...Walmart says that starting this week, it will provide masks and gloves for its workers and take their temperature before shifts.
Walmart Inc. will provide masks and gloves for its workers and take their temperature before shifts, the latest moves by the nation’s biggest private employer to...
Continue reading...Goldman Sachs Sees 34% Plunge in U.S. GDP and 15% Unemployment
Goldman Sachs Group Inc. expects the U.S. economy to experience a far deeper slump than previously anticipated as the coronavirus pandemic hammers businesses, causing a wave...
Continue reading...Visa Says Consumer Spending Has ‘Sharply Declined,’ Even Online.
Visa Inc. once again lowered its outlook for revenue growth in the fiscal second quarter, saying the coronavirus pandemic has led to a sharp decline in...
Continue reading...Paying $4.79 a Gallon, California Didn’t Get the Cheap Gas Memo.
At least there’s this: The average price for a gallon of gasoline in the U.S. has fallen below $2 for the first time in four years. That’s average...
Continue reading...Richard Branson’s Virgin Orbit to Pivot From Rockets to Ventilators.
Billionaire Richard Branson’s rocket-launch company is looking to join the rush to make ventilators, as a shortage of the life-saving equipment looms because of the...
Continue reading...AmEx to Freeze Hiring After Sending 60,000 to Work Remotely.
American Express Co. will freeze hiring after equipping more than 60,000 employees to work from home in response to the coronavirus pandemic. The company will also...
Continue reading...Amazon Officially Selling Cashierless Store Technology To Retailers.
Amazon’s first cashierless grocery store opened on February 25th, 2020 with previously powered 25 Amazon Go stores. A store ran by this kind of advanced technology...
Continue reading...Mercedes F1 engineers help make a breathing aid for coronavirus patients in less than 100 hours.
Formula One engine manufacturer Mercedes has teamed up with clinicians and university engineers in London to design a breathing aid for coronavirus patients that can be quickly mass...
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