The company said it could have a Covid-19 vaccine available for emergency use early next year and it would begin manufacturing the vaccine immediately.
Founded in 1995 – just as most people were experiencing the World Wide Web for the very first time – eBay's (EBAY) platform is one of a handful of technological innovations that has truly changed the very nature of commerce in the US and all over the world.
Virtually all US businesses are feeling the negative economic effects from the outbreak of Covid-19. Many are operating in sub-optimal conditions with most employees performing their essential job functions from home. In most cases, that’s a less than optimal set of circumstan
It is a well-known fact that airline stocks did not fly high in 2019 and the beginning of 2020 due to headwinds like lackluster cargo business and revenue loss following flight cancellations because of the grounding of Boeing 737 MAX jets. Even as the downsides persist, the coro
The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but it has not yet directly helped large swaths of the real economy: companies, municipalities and other borrowers with less than perfect credit.
Hollstadt Consulting CEO Molly Jungbauer has had to let go 30 of the 150 employees at her St. Paul, Minnesota firm to weather the drop in revenue from travel industry clients because of the coronavirus.
The coronavirus pandemic continues to weigh on the global stock market.Most U.S. companies across industry domains have slashed their first-quarter guidance owing to expectations of revenue losses.Last month, a study by The Guardian estimated that the outbreak might cost the g
Activity in China's vast manufacturing sector likely remained in contraction in March, though it was set to stabilise slightly from the coronavirus-led collapse that virtually paralysed the world's second-biggest economy.
The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but it has not yet directly helped large swaths of the real economy: companies, municipalities and other borrowers with less than perfect credit.
South Korea's exports likely expanded for a second month in March helped by solid chip demand and as China's factories resume operations, but the global coronavirus spread will spoil chances for a sustained recovery, a poll showed.
U.S. Covid-19 cases topped 124,000 early Sunday morning. It’s the highest total for any country by more than 30,000 cases. Federal, state, and local government officials are rapidly trying to increase testing and hospital capacity.
After a three-day rally, stocks pulled back on Friday, killing (some) hope that the bottom has been reached. But I don't think Friday’s decline -- which has become the trading norm -- is enough evidence to say one way or another that we have not bottomed.