Mar 22, 2020
Starbucks is boosting the wages of its employees who choose and are able to work during the coronavirus (COVID-19) pandemic. “Partners who are able and choose to continue to come to work will be eligible for Starbucks Service Pay, an additional $3 per hour for shifts worked as scheduled Mar. 19-Apr. 21. If a partner […]
Mar 22, 2020
Stock futures fell sharply on Sunday, indicating a lower open when Wall Street begins trading on Monday, as world governments race to contain the fallout from the coronavirus pandemic. Contracts on the S&P 500 slumped 5% just minutes after overnight trading opened...
Mar 22, 2020
Like U.S. GDP, corporate earnings face collapse as the coronavirus pandemic forces business activity to grind to a halt. “We now forecast S&P 500 (^GSPC) EPS of $110 in 2020, a decline of 33% from 2019,” Goldman Sachs equity strategist David Kostin wrote in a note...
Mar 22, 2020
The coronavirus outbreak is forcing Hollywood to adapt to a new normal. After the box office experienced its worst weekend for movie ticket sales since 2000 (March 13 to March 15), three of the nation’s largest theater chains — AMC (AMC), Regal Cinemas and Cinemark...
Mar 22, 2020
President Donald Trump’s plan to utilize the Small Business Administration in the U.S. government’s coronavirus response is moving quickly, a top official told Yahoo Finance, with billions set to be allocated to cash-strapped establishments around the country. The...
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