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A customer carries a to-go bag outside a Darden Restaurants Inc. Olive Garden restaurant in Clarksville, Indiana, U.S., on Thursday, March 5, 2020. Luke Sharrett | Bloomberg | Getty Images Darden Restaurants on Thursday reported that its revenue fell by more than 28% in its fiscal first quarter as the company’s business slowly recovers from
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Democratic U.S. presidential nominee Joe Biden speaks at an outdoor “Black Economic Summit” while campaigning for president in Charlotte, North Carolina, September 23, 2020. Kevin Lamarque | Reuters WASHINGTON — Democratic presidential nominee Joe Biden traveled to the battleground state of North Carolina on Wednesday for a Black Economic Summit, part of a broader effort
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10’000 Hours As employee benefits enrollment season rolls in, companies are weighing new ways to accommodate working parents. About 4 out of 10 large companies polled by benefits consultancy Willis Towers Watson said they believe the programs they currently have in place do an effective job of supporting these employees. The firm surveyed 553 U.S.
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Economist Stephen Roach warns next year will be brutal for the dollar. Not only does he see growing odds of a double-dip recession, the Yale University senior fellow believes his “seemingly crazed idea” that the dollar would crash shouldn’t be so crazy anymore. “We’ve got data that’s confirmed both the saving and current account dynamic in
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In this photo illustration, the Interactive Brokers LLC logo seen displayed on a smartphone. Igor Golovniov | LightRocket | Getty Images Market action around the election is expected to be so volatile that Interactive Brokers is forcing clients to put up more money in order to trade using leverage. The retail broker is increasing margin
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A man is reflected in a sign outside of the JPMorgan Chase headquarters in New York City. Getty Images JPMorgan Chase is close to paying almost $1 billion to resolve government investigations into the alleged manipulation of metal and Treasuries markets, according to a person with knowledge of the matter. A settlement between New York-based
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Eric Trump speaks in Portsmouth, NH on Sept. 17, 2020. Eric Trump, son of President Donald Trump, makes a stop in Portsmouth during one stop on his ‘Make America Great Again!’ tour. Erin Clark | Boston Globe | Getty Images A lawyer for the New York attorney general’s office argued Wednesday that President Donald Trump‘s
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Getty Images United Airlines is turning to a Google-powered interactive maps to help still-scarce travelers find destinations that fit the coronavirus era. The map, which launched on United’s website Wednesday, allows travelers to punch in the most they want to spend on a ticket and filter airports by their destination activities or descriptions: beaches, beer and
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A memorial to Breonna Taylor, placed in Jefferson Square Park, is photographed in downtown Louisville, Kentucky on September 23, 2020 as the city anticipates of the results of a grand jury inquiry into the death of Breonna Taylor, a Black woman shot by the Louisville Metro Police Department in her apartment earlier this year. Jeff
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Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Nike‘s quarterly earnings and revenue trounced analysts’ estimates,
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Long-time tech analyst Gene Munster believes big tech is on the cusp of a major shift: It’s becoming a stock pickers’ market. The Loup Ventures founder and managing partner expects FAANG stocks, otherwise known as Facebook, Apple, Amazon, Netflix and Google, will fail to collectively rally like they did during most of 2020’s record run.
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Johnson & Johnson has begun its phase three trial testing its potential coronavirus vaccine, the pharmaceutical company announced Wednesday. J&J is the fourth drugmaker backed by the Trump administration’s Covid-19 vaccine program Operation Warp Speed to enter late-stage testing. The other companies are Moderna, Pfizer and AstraZeneca. The trial will enroll up to 60,000 adult volunteers across
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Dr. Matilde “Mattie” Castiel receives an injection from RN Bethany Trainor at the University of Massachusetts Medical School in Worcester, MA on September 04, 2020. Craig F. Walker | Boston Globe | Getty Images Most voters, both nationally and in six key swing states, worry President Donald Trump is pushing to release a coronavirus vaccine
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Billionaire media mogul Barry Diller on Tuesday urged investors to maintain sizable cash positions following the stock market’s robust rally from coronavirus-induced lows in late March.  “Personally, and professionally, every nickel you can, keep it … wherever it’s banked,” the chairman of both Expedia and digital media group IAC said on CNBC’s “Squawk Box.”  Diller noted that IAC in August
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A couple wearing protective facemasks as a prevention measure against the COVID-19 coronavirus walk at a nearly empty shopping mall in Beijing on February 27, 2020. Nicolas Asfouri | AFP | Getty Images BEIJING — Chinese fervor for online shopping waned in August, a sign that the world’s second-largest economy still faces many challenges as it
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Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., on Tuesday, Feb. 11, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell pledged continued support for an economy that he said has shown substantial improvement but still needs more work. In
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Pascale Ferrier appears in a jail booking photograph taken after her arrest by the Mission Police Department in Mission, Texas, March 13, 2019. Hidalgo County Sheriff’s Office | via Reuters A Canadian woman criminally charged with mailing President Donald Trump the deadly poison ricin called him “The Ugly Tyrant Clown” in a letter containing the poison,
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An AWS Ground Station satellite antenna at one of the company’s data center in Boardman, Oregon. Amazon Microsoft will offer a new service called Azure Orbital that connects satellites directly to its cloud computing network, the company announced at its Ignite conference Tuesday. The service will begin in a “private preview” to a select group of
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