Pajama sales spike 143%, pant sales drop 13% as coronavirus crisis drags on: Adobe

Pajama sales spike 143%, pant sales drop 13% as coronavirus crisis drags on: Adobe

The people want pajamas. At least that’s the main takeaway from a new report from Adobe looking into what Americans have been buying online as they endured coronavirus stay at home orders. Adobe’s Digital Economy Index, which tracks more than 100 million product varieties online, showed that pajama sales spiked 143% in April from March, […]
Demand for office and retail may drop ‘fairly significantly’

Demand for office and retail may drop ‘fairly significantly’

The novel coronavirus pandemic will change the supply and demand for retail and office space, according to Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK-A, BRK-B) at Berkshire Hathaway’s annual shareholder meeting. Retailers and companies shuttered their...
Southwest warns that revenue could drop as much as 95% in May

Southwest warns that revenue could drop as much as 95% in May

Southwest Airlines (LUV) on Tuesday reported a $94 million loss in the first quarter, and CEO Gary Kelly warned the losses will get worse in May — projecting revenue to drop as much as 95%. “Based on significant capacity reductions and shelter-in-place restrictions,...
Stock futures edge lower after Tuesday’s late-day drop

Stock futures edge lower after Tuesday’s late-day drop

Stock futures were little changed Tuesday evening after a choppy day of trading during the regular session. At the session highs on Tuesday, the blue-chip index rallied a total of more than 22% above its March 23 closing low, or 3.5% on the day, before ending the...