Geico said it will offer about $2.5 billion of credits to its 19 million auto and motorcycle policyholders, reflecting the decline in driving stemming from the coronavirus pandemic.
The number of confirmed coronavirus cases in the U.S. surpassed 400,000 on Wednesday, according to figures provided by NBC, with 12,864 fatalities nationwide.
Pinterest said that it hasn't seen much exposure to the advertising segments most hurt by the coronavirus pandemic, including travel, automotive and restaurants.
The price of rice — a staple food in Asia — has hit 7-year highs due to the coronavirus crisis as importers rush to stockpile the grain while exporters curb shipments.
While Gen Z's total spending is down sharply, when they do go shopping, brands like Nike, Lululemon and Amazon are top on the list. Often, that's after they've stopped at Chik-fil-A or Starbucks to fuel up.
Wolfpack Research alleged in a report that iQiyi, which is majority owned by Chinese search giant Baidu, overstated revenue for 2019 through a number of means, including the way it booked revenue from subscriptions via third parties and content licensing deals.
With millions of travelers confined to their homes as a result of the coronavirus pandemic, luxury hotels are venturing beyond their property walls to entertain and help those stuck at home.
The consequences of the coronavirus crisis will likely to be far more serious than the global financial crisis, said Singapore's home affairs minister, K. Shanmugam.
"I think it's incredible that there's still an appetite for risky debt here, and that could make a huge difference for an ultimate economic comeback," the "Mad Money" host said.
The stock market gave up massive gains on Tuesday, and stocks have gone from dramatically oversold to no longer oversold, at least on a short-term level.