Kingsoft Cloud's IPO comes amid a tough stock market environment due to the coronavirus pandemic and as scrutiny of Chinese listings in the U.S. intensifies following revelations of fraud at coffee chain Luckin Coffee.
Disney wants Wall Street to focus on its growing streaming business, but its media networks, theme parks and film studio have grown too large to be ignored. That's become a big problem during coronavirus shutdowns.
Conservative estimates indicate that U.S. hospitals are losing more than a billion dollars per day by complying with the guidance from policymakers and the leading medical associations to preserve resources for Covid-19 patients.
Disney said the Covid-19 outbreak caused its Parks, Experiences and Consumer Products segment to lose around $1 billion in revenue during the second quarter while as its parks, cruises and stores were forced to close.
AMC Networks said it estimates advertising revenue will drop about 30% in the second quarter as marketers pull or delay spending as the coronavirus delays show production.
Zoom lets you change the background so you can hide the messy room behind you or add some privacy if you don't want people to see your home. Here's how to do it.
While the experts acknowledged that they didn't have a crystal ball, they all agreed that it would take around 18 to 24 months before there's a significant spike in demand and the industry begins to return to normal levels. In the meantime, the travel industry will undergo some very big changes.
Many unanswered questions about Covid-19 testing, psychology, economic tensions, social distancing and work-from-home curriculum make opening up schools in September a hazy venture.
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