Strategy

The Economy

Another 2.4M Workers File First-Time Jobless Claims

"The states may be opening back up, but the labor market is still closed for millions across America."
Strategy

Rolls-Royce to Cut 9,000 Jobs Amid Coronavirus Crisis

Most of the cuts will come in the civil aerospace division, which makes engines for Boeing and Airbus.
The Economy

Households’ Money Problems Started Back in March

About 13% of adults reported that they lost a job or were furloughed in March or the beginning of April this year.
Capital Markets

JD.com Plans to Kickstart Hong Kong IPO

U.S.-listed Chinese firms are increasingly looking toward home.
The Economy

Core Inflation Posts Record 0.4% Drop in April

The coronavirus crisis drove consumer prices into "a disinflationary shock" last month despite government efforts to stimulate the economy.
Strategy

Survey: CFOs Double Down on Staff Cuts Amid Ongoing Disruption

“CFOs are unsure what reopening will look like and have little visibility into when revenue will start to normalize.”
Global Business

Six Priorities for Travel CFOs During the COVID-19 Pandemic

Hard-hit travel industry companies must take steps to adjust their offerings, redefine pricing strategies, and focus on maximizing customer lifetime value.
Strategy

Major US Automakers Plan to Return to Work May 18

The companies say enhanced safety measures will be in place.
The Economy

Virus Slams U.S. With Massive April Job Losses

“The jobs report from hell is here — one never seen before and unlikely to be seen again barring another pandemic or meteor hitting the earth."
Credit

Fed Study Questions Paycheck Protection Loans

Fed economists said there was actually a negative correlation between COVID-19 cases per capita and the share of small firms getting PPP funding.
Coronavirus

Gilead Works to ‘Maximize Global Supply’ Of Coronavirus Candidate Remdesivir

"Close coordination of remdesivir manufacturing will be critical," said Gilead Sciences.
The Economy

Boeing Raises $25B In Debt Offering, Says No Longer Needs Federal Aid

Said Boeing: "The robust demand for the offering reflects strong support for the long-term strength of Boeing and the aviation industry."
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