U.S. stock indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in an attempt to revive their economies.
Purchasing gift cards are a way to support struggling small businesses. But if they don't make it out of the pandemic, you will be out of pocket.
Vogue Business | Lucy Maguire | May 5, 2020 Upscale upcycling brand The R Collective has partnered with Levi’s on a new iteration of traceable fashion. Key takeaways: The R Collective has produced a fully traceable denim collection in collaboration with Levi’s, designed to reduce the end-to-end carbon footprint of garments. Companies like LVMH and
The body representing global airlines says that it is recommending the wearing of masks on flights to prevent the spread of coronavirus when flying restarts.
The body representing global airlines came out in favour of passengers wearing masks onboard on Tuesday, as debate intensifies over how to get airlines flying while respecting social-distancing rules following the coronavirus crisis.
Digital | May 4, 2020 The revamp offers greater flexibility for curbside pick-up, contactless shopping when merchants reopen. Highlights Canada-based e-commerce giant Shopify has launched a new new POS system, bringing online and in-person sales together through improved omni-channel management. The relaunch offers added flexibility to retailers temporarily shuttered due to COVID-19. Increased options, such
Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and warned of a "significant" loss this quarter, even as it prepares to reopen its most profitable North American truck plants on May 18 as coronavirus lockdowns ease.
Chicago Federal Reserve Bank President Charles Evans said on Tuesday that it's "reasonable" to expect a return to economic growth in the second half of the year, but that such an outcome is only slightly more likely than other, more pessimistic views.
Plant-based meat maker Impossible Foods will start selling its flagship burgers in supermarket chain Kroger Co's 1,700 stores in the United States, as it taps growing demand for vegan alternatives among home chefs.
Wendy's Co said on Tuesday its restaurants may face a shortage of many menu items, including hamburgers, as beef processors in the United States struggle to keep their plants open amid the COVID-19 pandemic.
American households added $155 billion of debt in the first quarter and overall debt levels rose to a new record at $14.30 trillion, the Federal Reserve Bank of New York said on Tuesday in a report that provides a snapshot of where household balance sheets stood before the coronavirus pandemic brought much of the economy to a halt.
Thomson Reuters cut its full-year sales outlook due to disruption to the global economy from the coronavirus crisis on Tuesday as it reported higher quarterly sales and earnings which fell slightly short of Wall Street estimates.
White House economic adviser Kevin Hassett on Tuesday said he expects the U.S. unemployment rate was above 16% in April, as the coronavirus pandemic began to devastate the country's economy.
"Social distancing is going to be the answer why you have to sell certain stocks," CNBC's Jim Cramer said Tuesday.
As the economy reopens from the coronavirus shock, not all small business jobs held on Main Street will be coming back, not even by a long shot, according to the Q2 2020 CNBC|SurveyMonkey Small Business Survey.