Tag Archives: amid

Like so many industries upended by COVID-19, hospitality is undergoing a massive transformation. U.S. hotels are losing $ 400 million a day in room revenue, adding up to over $ 46 billion so far in 2020. The staggering loss has accelerated trends, forcing change faster than anyone could have ever …

Americans didn’t feel any better about the economy or their own financial situation in August than they did in the previous month, reflecting broad worries about the still-spreading coronavirus and the likelihood of a slow recovery, a new survey showed. The preliminary reading of the consumer sentiment survey in August …

Tech stocks took a hit this week, dragging Wall Street down with them. The Dow Jones Industrial average saw a sharp sell off Thursday, dropping around 400 points. Apple, Amazon and Microsoft all took losses with Microsoft faltering by 4%. Travel also took a huge hit, with companies like Southwest …

U.S. stock-index futures bounced around in thin trading early Monday morning, amid violent protests that reverberated throughout the country. The clashes between police and protesters come while the U.S., and much of the world, is in the throes of the coronavirus pandemic that has rocked the domestic economy to its …

A man was shot dead outside of a Minneapolis pawn shop Wednesday night as violent protests over the death of George Floyd rattled the city, authorities said. Minneapolis cops are investigating reports that the victim was a looter shot dead by an owner of the business, police department spokesman John …

A French official on Tuesday expressed optimism the European Council will back the efforts by France and Germany for a 500 billion euro fund to aid economic recovery efforts. “I am confident that we will find a way,” said Odile Renaud-Basso, director general of the French Treasury, during an online …

New York’s shelter-in-place mandate has pushed millions of New Yorkers inside. But for the city’s homeless population, that’s meant a choice between crowded shelters, the street and, increasingly, the subway system. Both Mayor Bill de Blasio and Gov. Andrew Cuomo on Wednesday called for action to help address overcrowding in …

The coronavirus pandemic and its associated quarantine have become the bane of working professionals everywhere. Not only have non-essential businesses closed down, but even current workers are finding it difficult to avoid the risk of contamination. While most employees will be working from home for the next few months, essential …

Tesla Inc. has reached out to at least some of its landlords seeking rent reductions, according to firms contacted by the car company, as the auto maker looks for cost savings in response to the novel coronavirus outbreak that has closed much of its business. “The rapid world pandemic that …