Coronavirus prompts GM to temporarily cut pay for 69,000 salaried workers

Ford, GM ramp up ventilator production in coronavirus fight FOX Business’ Grady Trimble on how automakers, like Ford and GM, are helping fight the coronavirus pandemic. General Motors is temporarily cutting 20 percent of salaries for 69,000 of its workers, or 42 percent of its global staff, the automaker confirmed Friday. Continue Reading Below The decision comes as companies both big […]

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Coronavirus relief costs over $100B, Trump says

Trump: USNS Comfort to depart for NYC on Saturday President Trump thanks Congress for showing bipartisanship toward the coronavirus stimulus relief bill and discusses meetings he held with world leaders and state governors on the coronavirus outbreak. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below As the number […]

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US coronavirus death toll tops 1,000 as $2.2T in aid approved

Trump on coronavirus 15-day quarantine: ‘The country wants to get back to work’ President Trump says his administration should have a better understanding on whether or not to lift the quarantine by Easter. NEW YORK (AP) — U.S. deaths from the coronavirus pandemic topped 1,000 in another grim milestone for a global outbreak that is taking lives and wreaking havoc […]

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How UK banks are offering coronavirus support to customers

Britain’s banks have been rushing out measures to help people who face getting into financial difficulty as a result of coronavirus. Some lenders have announced changes to assist customers who may need to use their overdraft to tide them over, such as free borrowing for a period or a much bigger interest-free buffer. They have also been rolling out their […]

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Micron Technology Q2 Tops Street, Outlook Strong; Shares Up 5%

Micron technology Inc. (MU) Wednesday reported a profit for the second quarter that trumped Wall Street estimates, as did revenues. Shares of Micron gained over 5% on extended trading session after the technology company issued a strong revenue guidance above current estimates. Boise, Idaho-based Micron’s second-quarter profit dropped to $405 million or $0.36 per share from $1.62 billion or $1.42 […]

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Economic package soon, says FM

Task force still not constituted, but FM speaks of multilayered sub-groups holding consultation An economic package to deal with COVID-19 situation will be announced soon, Finance Minister Nirmala Sitharaman promised on Tuesday afternoon, adding that the government and regulators are constantly monitoring the state of the economy, markets and rupee depreciation. However, she still offered little clarity on the composition […]

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9 Pharma/Biotech Stocks To Watch This Week, Here’s Why…

The end of the first quarter is just around the corner. Will the biotech/pharma companies like the ones listed below, which are slated to report the trial results this quarter, stick to the deadline? 1. Akero Therapeutics Inc. (AKRO) Akero Therapeutics is a clinical-stage biotechnology company developing therapies for metabolic diseases like nonalcoholic steatohepatitis (NASH). The Company’s sole product candidate […]

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