GrubHub, DoorDash, Postmates, and Uber Eats were sued on Monday for allegedly exploiting their dominance in restaurant meal deliveries to impose fees that consumers ultimately bear through higher menu prices, including during the coronavirus pandemic.
JPMorgan's earnings showed its credit reserves increased by $6.8 billion from the prior year, 56% of which was set aside for its consumer Card division.
The coronavirus is putting pressure on the nation's 3.3 million home health-care workers suffering from shortages and a lack of personal protective equipment, especially in hard-hit states such as New York, New Jersey, Louisiana and Washington.
From video conference calls with family, watching as kids learn via online education to streaming online workouts, lots of things have changed — and post-pandemic, some of these habits are likely to stick.
The 10 U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible for an outsized proportion of the U.S. economy.
China said Tuesday it bought twice as many American farm products in the first quarter than a year ago, in a sign the countries are following through with part of the phase one trade agreement despite the coronavirus pandemic.
The U.K. looks set to extend its lockdown measures into early or perhaps even late May while Germany also remains cautious, reporting over 2,000 new cases.
Even as the spread of the virus appears to be slowing in several hard-hit countries, including Italy, Spain and the U.S., the WHO on Monday warned against lifting restrictions meant to curb the spread of the virus too early.
Emerging market (EM) foreign exchange rates have been hit hard by the global market sell-off on the back of the coronavirus pandemic, but for the major floating currencies, this could also provide a path to recovery, according to some analysts.
More than any other group, millennials have had their futures compromised by the nation's perverse reliance on financialization and a focus on Wall Street, rather than Main Street, during crises such as the Great Recession and, now, the coronavirus pandemic. Perhaps they can help us achieve a new paradigm where the financial sector plays a supporting role in real economic growth, instead of dominating the center stage.
The U.K. looks set to extend its lockdown measures into early or perhaps even late May, just as other European coronavirus hotspots start to lift some restrictions.