Strategy

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."
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.
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.
The Economy

Oil Prices Fall to Lowest Levels in 18 Years

The decrease in air traffic demand due to the coronavirus pandemic is a key driver of the price drop.
The Economy

European Firms Get Billions in Virus Protections

Governments in Europe are providing state loans, credit guarantees and tax deferrals to mitigate the impact of the coronavirus outbreak on businesses.
Cash Flow

Airlines Seek Sweeping Bailout

If it happens, the request for loans, grants, and tax relief may come with strings attached.
Strategy

Companies Brace for Impacts to Top & Bottom Lines

Most companies are quickly shifting strategies as they size up COVID-19's likely impacts on revenue and profits, PwC finds.
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