Strategy

The Economy

Weekly Jobless Claims Soar to Record 6.64M

Job losses amid the coronavirus pandemic amount to "a staggering, sudden blow to American workers never seen before in the U.S. economy."

Matthew Heller
April 2, 2020
Global Business

Global Manufacturing Dives Amid Virus Lockdowns

Even export powerhouses Germany and Japan saw steep decreases in factory output last month as the coronavirus upended supply chains and crushed demand.
Cash Flow

Dynamic Cash-Flow Forecasting — A Must-Have in Times of Crisis

Having a model that is dynamic, easily updated for changing conditions, and able to support iterative scenario analysis isn’t a luxury; it’s a necessity.
Credit

Mortgage Relief Could Cripple Loan Servicers

Forbearance programs would cause liquidity problems for nonbank mortgage providers, the industry says.
The Economy

Jobless Claims Smash Record

Unemployment claims surged to 3.28 million last week as more Americans become displaced due to the coronavirus pandemic.
Growth Companies

Software Finance Chief Adamant Not to Be a ‘CF-NO’

Druva's finance chief, Mahesh Patel, makes sure investing for the long-term future is a core aspect of the company's R&D strategy.
Strategy

Target Pulls Financial Outlook Amid ‘Unprecedented’ Demand

The retailer said it saw a surge in traffic and sales beginning in mid-March.
The Economy

Gas Demand Plunges Amid Virus Lockdowns

“The oil industry could take a sustained hit as people stay close to home and forgo typical commutes along with travel plans."
Strategy

Chevron Slashes 2020 Capital Spending by 20%

The company cited the demand-sapping coronavirus pandemic and a supply increase due to the oil-price war between Saudi Arabia and Russia.
The Economy

Payroll Processors, CPAs Call for Small-Business Support

“Small businesses need to make payroll now — the clock is ticking.”
Regulation

Senate Floats Airline Stimulus Amid Criticism

Nikki Haley resigned from the Boeing board of directors and Chuck Schumer suggested banning share buybacks.
The Economy

More Banks See Recession as Pandemic Unfolds

Goldman Sachs and Morgan Stanley see contraction followed by late-year rebounds.
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