Coronavirus has very likely sickened the bottom lines of U.S. restaurants this quarter as people stay home due to being infected, working from home or practicing social distancing. The percentage change in the number of seated diners at U.S. restaurants has progressively worsened — and have declined — since March 1, according to new data […]
Markets are in for another rollercoaster week, as policymakers continue to ramp up their responses to the global coronavirus outbreak. Stock futures opened sharply lower Sunday evening even after the Federal Reserve unleashed a massive stimulus package including a...
Starbucks (SBUX) said on Sunday it would halt in-store customer seating in North America for at least two weeks, while limiting hours and shuttering a few shops in high traffic areas, in a bid to help reduce spreading of the coronavirus. In a memo sent to more than...
Under Armour on Sunday evening announced it will close all of its company stores in North America from March 16 through March 28 as a precaution amid the global spread of coronavirus. The move follows the same announcement from Nike earlier on Sunday morning. Under...
The Federal Reserve made an emergency announcement Sunday afternoon by announcing that it would be cutting interest rates to zero for the first time since the financial crisis. The central bank said it will use its “full range of tools” to battle the economic impacts...
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