Finance
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429Delta’s credit rating slashed to junk as coronavirus paralyzes the airline industry
Reuters S&P Global Ratings slashed Delta Air Lines’ long-term rating to junk status Tuesday, citing weaker traffic due to the coronavirus pandemic....
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Hamptons residents are not happy so many coronavirus-fearing New Yorkers are invading right now
Local Hampton residents are trying to discourage Manhattanites from coming out East by shaming them on social media and highlighting their lack...
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Dow surges 1,100 points on hopes the $2 trillion coronavirus aid package will soon be approved
US stocks soared Tuesday, rebounding from losses Monday, on hopes a coronavirus economic aid package is coming soon. Equities are rebounding from...
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Elon Musk said he sourced 1,255 ventilators from China and shipped them to Los Angeles as US worries about a shortage in the face of coronavirus
Tesla and SpaceX CEO Elon Musk said in a tweet on Monday that he sourced 1,255 ventilators and shipped them to Los...
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Texas Lt. Gov. says coronavirus restrictions are worse than dying and America needs to ‘get back to living,’ despite what public health officials have said
Texas Lt. Gov. Dan Patrick warned of an “economic collapse” and urged President Donald Trump to ease the travel and business restrictions...
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Warren Buffett has lost more than $21 billion in the first months of 2020. Here’s how the notoriously frugal billionaire spends his $67.6 billion fortune.
Berkshire Hathaway chairman Warren Buffett’s net worth has plunged over $21 billion in 2020 as the value of the firm’s equity portfolio...
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Barclays made $250 million in one day of trading last week – and it shows how banks are raking in money on market volatility even as the economy begins to shut down
Barclays brought in about $250 million in trading revenue on March 16, the day after the Federal Reserve slashed interest rates, people...
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388Trump ally Tom Barrack warns coronavirus downturn could rival the Great Depression unless the government relaxes banking rules and boosts market liquidity
Reuters The US economy risks a brutal depression unless the government relaxes banking rules and boosts liquidity in markets, Tom Barrack warned...
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US unemployment could surge to 30% next quarter and GDP might plunge 50%, Fed’s Bullard warns
Unemployment in the US could rocket to 30% next quarter as coronavirus rages, and gross domestic product could plunge 50%, a senior...
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Real-estate services giant JLL explains how the coronavirus could usher in a permanent ‘paradigm shift’ towards more remote work
Coronavirus-prompted social distancing is testing the limits of businesses’ workplace continuity and remote work plans. Sundar Nagarajan, JLL Americas head of consulting;...