Global smartphone sales dove at a record rate. However, Apple Inc (NASDAQ: AAPL | AAPL Price Prediction) iPhone sales held steady as the U.S. company added market share. Research firm IDC reported a year…
Dealership networks are critical to the auto industry. Most are not funded to handle months of a downturn in sales. Hundreds will disappear and car companies will not have dealers at all in some…
Italy, suffering from one of the highest COVID-19 death rates in the world, crushing sovereign debt and a collapsing economy, took another blow as rating agency Fitch cut its credit rating to just above…
The major coronavirus relief bill passed by Congress in March included provisions to allow Americans affected by the crisis special dispensation to withdraw from their retirement accounts, including 401(k)s and IRAs, without incurring the…
Outpatient visits to doctor offices are off as much as 60% nationwide. Many doctors will end up closing their businesses and retiring.
Global Cases Reach 3 Million According to the Bing Covid-19 Tracker, global COVID-19 cases reached 2,899,830 at 6:46 AM EST. At the current rate of growth, they will have moved above 3 million by…
Amazon's management faces what could be an insurmountable enemy: illnesses among its own workers and their desire to be protected from illness.
As huge retailers, particularly Amazon and Walmart, add tens of thousands of jobs to the economy, much smaller Instacart is in the midst of adding 550,000.
Businesspeople in German signaled that they have come close to losing all hope for the economy now and in the foreseeable future, based on a widely followed survey. It is another sign that, country…
The average price for a gallon of regular gasoline in Wisconsin dropped below $1.20. Several states almost certainly will follow as oil prices have plunged.
IHS has released its widely followed Markit Flash Eurozone PMI. The figures were unbelievably bad. The Flash Eurozone PMI Composite Output Index hit 13.5 from 29.7 in March. Its record low was in July…
With the outbreak of COVID-19, people in the counties without a doctor may have to travel several hours for medical aid. This can trigger the overload of the health care system in those counties…
As oil prices plunge and the number of drivers shrinks, the future of America's 120,000 gas stations is bleak.
The fact that the number of COVID-19 deaths has passed gun deaths in such a short time is a sign of what could happen if there is a second wave of infections, perhaps because…
While none of these three companies is immune from a cratered economy, each already has shown that parts of its business are essential to the economy. That means their market values will stay high.
The price of benchmark West Texas Intermediate crude oil dropped below $15 a barrel today, down 21% in a day.
Mortgage lenders and banks may offer forbearance on mortgage payments for 90 days. The deals aren’t very good for many people who will be out of jobs for long periods. Most of these institutions…
In the strongest months as the economy recovered from the Great Recession, America added between 150,00 and 350,000 jobs a month, according to the BLS. In an average month, that number was closer to…
Some chief executives are paid at a stunning multiple of the people who worked at their corporations. In 2019, seven CEOs made 1,000 times more than the median pay.
China may have a reason to post numbers that are better than expected. It may want to show its economy has not been wounded as badly as that of other large nations.
