GE Aviation Slashes Workforce in Coronavirus-Related Move
GE on Monday announced several actions, including workforce reductions and layoffs, intended to save $500 million to $1 billion in 2020.
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Paul Ausick
What Might Prevent a Coronavirus-Caused Mortgage Market Meltdown
Thomas Barrack, CEO of commercial real estate firm Colony Capital, has a few suggestions on how to help both homeowners and real-estate companies get through the economic slowdown caused by coronavirus.
How China Set the Bar for Blunting the Coronavirus Outbreak
Three Asia experts at the International Monetary Fund praised China's success at stemming the coronavirus outbreak in the country while warning of lingering economic effects.
Can Trump Really Jawbone Russia and Saudi Arabia and Save the US Oil Industry?
Oil field regulators in Texas want the president to intervene in the Russian-Saudi price war in order to reverse the massive price drop in crude. Trump has indicated that he's thinking about it, but…
14.4 Million Jobs at Risk in the Leisure and Hospitality Industry
Virtually every job in the U.S. leisure and hospitality industry is at risk of being lost at least temporarily as more states order people to stay home.
How Global Supply Chains Can Survive the Coronavirus Pandemic
A new report on global supply chains and the coronavirus pandemic details what firms should have learned and what they need to learn going forward.
COVID-19 Patients Should Avoid Marijuana Products
People who have tested positive for coronavirus should avoid using cannabis products according to research firm Aurelius Data.
Does Altria Stock Offer More Than a Pretty Dividend?
It's no secret that Altria enjoys its relative position in the hearts of Wall Street traders because of its dividend yield. Can the tobacco products giant maintain that high yield?
First US Gas Station Drops Price to 99 Cents per Gallon
Some lucky motorists will be paying less than $1.00 a gallon for gasoline Thursday. That hasn't been possible for decades.
$3.4 Trillion in Potential Lost Wages Has Consumer Confidence in Free Fall
U.S. consumer confidence continues tumbling as the coronavirus spreads across the country.
COVID-19 Could Cost 25 Million Jobs Globally
Before the coronavirus pandemic is stopped, 25 million more people around the world could become unemployed and up to 35 million could join the ranks of the working poor.
Coronavirus Cases Jump 60%, 9 Million Jobs at Risk
New cases of COVID-19 jumped by more than 1,200 in one day and some 9 million Americans who work in the leisure and hospitality industry face temporary (or worse) layoffs due to the pandemic.
Crude Oil at 18-Year Low, Energy Stocks Crushed
Crude oil prices have dropped to near two-decade lows as the Saudis affirm their production increase and the coronavirus slices into demand.
Auto Industry Collides With Coronavirus
To say that the auto industry is about to take a beating due to the coronavirus pandemic is perhaps an understatement.
Potential Impact of Coronavirus Tops 7 Million Jobs
State and local government mandates against gatherings are putting more than 7 million jobs in a dozen states and the District of Columbia.
Is Boeing Too Big to Fail?
Boeing stock was hammered in Wednesday's premarket session after the company argued that a $60 billion liquidity package was needed to support the U.S. aerospace manufacturing industry that consists of essentially one company.
Potential Impact of Coronavirus Tops 7 Million Jobs
State and local government mandates against gatherings are putting more than 7 million jobs in a dozen states and the District of Columbia.
Apollo Wants Out of Financing Deal for Bankrupt Oil and Gas Firm
Investment management giant Apollo reportedly wants to pull out of its deal to backstop a refinancing of EP Energy, an oil and gas producer that filed for bankruptcy last October.
Consumer Sentiment Sets Another Record Low
Research firm Morning Consult's consumer sentiment index has fallen to a new low again Tuesday as stopping the spread of coronavirus begins to hamper larger chunks of the U.S. economy.
COVID-19 in the US: How Americans Are Reacting
A recent survey of U.S. adults shows rising concern over the spread of COVID-19 in the United States. Those worries extend to concerns about a possible recession.