Hong Kong (CNN Business)Cathay Pacific (CPCAY) is used to carrying about 100,000 daily passengers. At one point this week, it flew just 582 customers in a day. The is the
Continue reading »ADB Cuts Developing Asia’s Growth Outlook Sharply On Covid-19 Impact
The Asian Development Bank cut its growth projection for developing Asia due to the effects of the novel coronavirus, or covid-19 pandemic. In the Asian Development Outlook, released Friday, the
Continue reading »Wayfair Continuation Pattern Intact After Downgrade
Wayfair Inc. (W) shares rose more than 4% during Thursday's session despite Loop Capital downgrading the stock to Sell with a price target of $35 per share. Loop Capital analyst
Continue reading »130K inquiries, 1K loans: why UK government had to tweak help for small firms
What was wrong with the government’s first version of its emergency loan package for small businesses? The problem is vividly illustrated by this statistic: only 983 companies have had loans
Continue reading »U.S. Retail Furloughs Poised to Exceed 1 Million From Shutdown
Retailers have furloughed nearly 1 million workers this week amid an unprecedented shutdown of shopping in America, according to data compiled by Bloomberg. Neiman Marcus Group to Ross Stores Inc.
Continue reading »Spain’s Deadly Day Signals No Letup in Europe Virus Lockdown
In this article Coronavirus deaths accelerated in France, Italy and Spain, suggesting governments have little leeway to end lockdowns in a human and economic crisis that is straining European unity.
Continue reading »US COVID-19 Death Toll Crosses 5000; Record 884 Deaths In 24 Hours
The death toll from the coronavirus pandemic in the United States crossed 5,000 on Wednesday, with 884 more deaths reporting in 24 hours. This is the biggest daily surge in
Continue reading »Boeing may be down. It's definitely not out
New York (CNN Business)Boeing is offering employees buyouts as its CEO said it will take years for the airlines and aerospace industry to recover from the coronavirus crisis. In a
Continue reading »Coronavirus continues to batter US economy with 6.65 million filing for unemployment last week
More than 6.65 million people filed for unemployment benefits in the US last week, the latest official figures to highlight the devastating economic impact of the Covid-19 pandemic on the
Continue reading »Attorneys General Ask Amazon, Facebook, Others To Do More To Stop Overcharging
Attorneys General of 33 states in the United States jointly issued a letter to major online platforms asking them to do more to stop price gouging during the coronavirus or
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