Reinout Schakel, chief financial officer of Luckin Coffee Inc., speaks during a television interview ahead of the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Friday, May 17, 2019. Victor J. Blue | Bloomberg | Getty Images Luckin Coffee disclosed Thursday that an internal investigation has found that its chief operating
Month: April 2020
A pedestrian passes in front of a Walgreens Boots Alliance Inc. store in the Hollywood neighborhood of Los Angeles, California. Christopher Lee | Bloomberg | Getty Images Walgreens Boots Alliance beat Wall Street earnings expectations Thursday, sending shares up about 3% in early trading. Here’s what Walgreens reported for its fiscal second quarter of 2020 compared
7:46 am: Walgreens earnings top estimates, boosted by stock up trend from coronavirus Walgreens Boots Alliance beat Wall Street earnings expectations Thursday, sending shares up about 3% in early trading. The drugstore chain reported earnings per share of $1.52, topping the $1.46 per share expected by analysts, according to Refinitiv. Revenue was $35.82 billion for the quarter,
JPMorgan CEO Jamie Dimon told employees in a memo Thursday he is “happy to be back at work” following emergency heart surgery last month. “I have been recuperating well and getting stronger every day, and I am happy to be back to work this week — albeit working remotely like so many of you,” Dimon
The stimulus checks are on their way. The coronavirus relief bill, signed March 27 by President Donald Trump, provides payments of as much as $3,400 for families, based on 2019 tax returns for those who have already filed and information from 2018 if they haven’t. If you’re one of the people looking froward to this
A view of an empty restaurant is seen at Grand Central Station on March 25, 2020 in New York City. Angela Weiss | AFP | Getty Images Last summer Jon Poteet fulfilled a dream when he opened Shine Distillery & Grill, a 260-seat restaurant and micro-distillery in Portland, Oregon’s historic Williams district. These days, however,
This is a live blog. Please check back for updates. All times below are in Beijing time. 8:23 am: Apple donates almost 2 million N95 masks to New York Apple has donated 1.9 million N95 masks to the state of New York, Gov. Andrew Cuomo said on Wednesday. “We are so grateful to Apple for
U.S. stock futures rose in overnight trading and pointed to gains at the open on Thursday, as markets try to rebound after kicking off the second quarter in the red. Dow futures rose 203 points, indicating a 134-point gain at the open on Thursday. The S&P 500 and Nasdaq Composite were also set to open
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | REUTERS Heading into earnings season, investors should expect delayed reports, withdrawn forecasts and confusing results from U.S. businesses grappling with the coronavirus shutdown. There is a general consensus that company earnings are going
shot of social security card Kameleon007 People who receive Social Security benefits and who do not submit tax returns will not have to file in order to get a government stimulus check. The announcement by the Treasury Department and Internal Revenue Service on Wednesday night reverses earlier guidance that said those people would have to
Tedros Adhanom Ghebreyesus, director general of the World Health Organization (WHO), speaks during a news conference on the COVID-19 coronavirus outbreak in Geneva, Switzerland, on Monday, March 2, 2020. Stefan Wermuth | Bloomberg via Getty Images World Health Organization officials are “deeply concerned” about the “rapid escalation and global spread” of the coronavirus outbreak, saying global
U.S. President Donald Trump signs H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | Getty Images The $2 trillion coronavirus stimulus bill, signed into law on March 27, is the largest emergency aid package in U.S. history. Known as the CARES
Analysts have warned that falling oil prices will lead to a wave of consolidation or bankruptcies in the U.S. energy sector, and the Street got its first taste of what could be to come when U.S. shale producer Whiting Petroleum filed for bankruptcy on Wednesday. “The oil patch is falling apart … This is the other
NoDerog | iStock | Getty Images There may be a catch for individuals who typically don’t file a tax return but are expecting to receive a stimulus check. They may have to send a return to the government in order to get paid. New guidance was released on Monday by the IRS, which said there
Marlin Steel’s Liston Clise shows off a Covid-19 test rack Source: Marlin Steel Marlin Steel Wire Products is busy making wire racks for covid-19 test kits. Still, the company is going to pursue a paycheck protection loan because of concerns clients will stop paying their bills or slow buying because they are strapped during the
A temporary hospital which is been settled up by members of the California National Guard is seen in Indio, California on March 29, 2020. Apu Gomes | AFP | Getty Images The ongoing coronavirus pandemic has shown few signs of abating and is now one of the largest threats to the global economy and financial markets.
A man runs past the New York Stock Exchange (NYSE). Bloomberg This is a live blog. Check back for updates. 8:22 am: US companies cut 27,000 jobs before the worst of the coronavirus shutdown hit, ADP report shows 8:17 am: Oaktree Capital’s Howard Marks says its time to buy, but moderation is key Oaktree Capital co-chairman
George Milling-Stanley has sometimes been referred to as the “godfather” of the gold business. While at the World Gold Council, he was one of a small group that helped create the SPDR Gold Trust (GLD) in 2004, now the world’s largest gold exchange-traded fund with over $50 billion in assets. He is now chief gold
Many Americans should be encouraged that the government is likely to pay them $1,200 apiece amid the coronavirus economic downturn. There’s one problem, however: The money may not stretch very far — because the rent is too darn high. Last week, Congress ushered in a $2 trillion stimulus bill aimed at propping up the economy.
This is a live blog. Please check back for updates. Global cases: More than 856,900 Global deaths: At least 42,081 Top 5 countries: United States (187,919), Italy (105,792), Spain (95,923), China (82,278), and Germany (71,808) The data above was compiled by Johns Hopkins University as of 7:58 a.m. Beijing time. All times below are in