Coronavirus: Business

Latest stories

More stories

  •
    in BUSINESS

    Abercrombie & Fitch (ANF) reports Q1 2020 loss, shares fall

    Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Abercrombie & Fitch’s sales tanked 34% during the first quarter, the company announced Thursday, as its stores were forced shut during the coronavirus pandemic, and people purchased less apparel as they were holed […] More

  •
    in BUSINESS

    Retailer Tuesday Morning files for bankruptcy protection, to shut 230 stores

    Tuesday Morning at the Sunset Esplanade in Hillsboro, Oregon. M.O. Stevens | Wikipedia CC Home goods retailer Tuesday Morning filed for Chapter 11 bankruptcy protection on Wednesday and plans to shut a third of its nearly 700 stores, saying the coronavirus pandemic has crippled its business.  The Dallas-based company joins a growing list of retailers that […] More

  •
    in BUSINESS

    Coronavirus pandemic forces the funeral industry online

    If you know someone who’s had to plan a funeral during the Covid-19 shutdown, you realize how much tougher it is to go through this already difficult task. Most states have limited gatherings to no more than 10 people. Planning and pricing a funeral online is a service the industry has not usually provided.  “The […] More

  •
    in BUSINESS

    Hundreds of companies keep PPP loans as deadline to return money nears

    Offices of Cutera Inc. in Brisbane, Calif. Google Earth The largest public companies that tapped the government’s emergency relief fund for small businesses nearly all had ready access to other forms of capital, according to a CNBC analysis of filings. Even amid the upheaval caused by the coronavirus pandemic, these companies raised millions of dollars […] More

  •

    1 Comment

    in BUSINESS

    ‘Second Depression’ if we’re still in lockdown in a year

    Billionaire hedge fund investor Paul Tudor Jones said Monday the economy would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained in a year. “Just depends on whether unfortunately this goes to a year with this kind of a lockdown,” Jones said on CNBC’s Squawk Box on Monday. The Great Depression from 1929 to 1939 was the worst […] More

  •
    in BUSINESS

    Lloyd Blankfein says big companies should be ‘very reluctant’ to tap small business funds

    Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic.  “Big companies should be very reluctant to take government money,” Blankfein said Thursday on CNBC’s Squawk Box in response to a question about how […] More

  •
    in BUSINESS

    Cramer on stocks that will continue to suffer under social distancing

    Many companies are being hurt by social distancing safety rules due to the coronavirus and investors may want to reevaluate whether to own their stocks, CNBC’s Jim Cramer said Tuesday. “Social distancing is going to be the answer why you have to sell certain stocks,” he said. For companies that need to invest heavily to help […] More

  •
    in BUSINESS

    Public companies took $905 million

    Even as the U.S. small business relief program is set to reopen Monday with fresh funding, the full extent that public companies tapped the emergency facility is only now becoming clear. More than 245 public companies applied for at least $905 million from the government program that was billed as for small businesses without access […] More

Load More
Congratulations. You've reached the end of the internet.