New York (CNN Business)The US airline industry is in a crisis unlike any it has ever seen. On Wednesday investors will start finding out just how bad it has been, and what to expect going forward. Delta Air Lines is…
Read MoreNetflix Unveils ‘Tiger King’ & ‘Money Heist’ Blockbuster Viewership With Earnings Report; ‘Spenser Confidential’ Flick Delivers Big Too
As the streaming wars kick it up to the next level with Peacock and soon HBO Max on the battlefield, a surging Netflix made it very apparent who is still king, in no small part thanks to the success of…
Read MoreAlphabet Earnings: What to Look For
Key Takeaways Analysts Expect Adjusted EPS of $14.30 vs. $11.90 in Q1 2019. Paid clicks are expected to grow but at a slower rate. Revenue growth many slow sharply in coming year amid COVID-19 pandemic. Alphabet Inc. (GOOGL), parent of…
Read MoreWe made right choice in ventilator race, says UK consortium head
The head of a group that has made the swiftest progress in supplying ventilators to the NHS has said building devices from scratch would have been slower. As the VentilatorChallengeUK consortium began accelerating production in an effort to reach 1,500…
Read MoreUnion Federation Warns Against Hasty Reopening Of Economy: ‘Many More Deaths’
The AFL-CIO union federation warned Tuesday that workplaces were still far too dangerous to consider reopening amid the coronavirus pandemic, even as some governors are starting to lift restrictions in order to get businesses up and running again. Richard Trumka,…
Read MoreUK furlough scheme could just delay massive unemployment rise
Unemployment up a tad to 4%. Job vacancies and pay growth down a fraction. Britain’s latest official labour market figures are a bit like the Domesday Book: comprehensive and rich in detail but of historical interest only. The contrast between…
Read MoreUK economic crisis: Britain faces HUGE recession in wake of coronavirus lockdown
BoE Deputy Governor Ben Broadbent said the economy might be slow to recover eveb when coronavirus lockdown restrictions are lifted if people remain wary about resuming their everyday lives as before. He said: “The question that we will have to…
Read MoreIndustry’s Labor Leaders Issue Joint Statement On Efforts To Keep Members Safe “Once People Can Return To Work”
Leaders of the film and TV industry’s major guilds and unions say that although they do not know when the coronavirus shutdown will subside enough to allow productions and other elements of the industry to begin opening back up for…
Read MoreU.S. Stocks Close Mixed After Seeing Early Weakness
Stocks showed a notable move to the downside in early trading on Monday but regained ground as the day progressed. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq reaching positive territory. While…
Read MoreTrump’s Failure on Testing Makes Reopening Guesswork
The U.S. government’s inability — no, make that its refusal — to take charge of Covid-19 testing is a national disgrace, with profound consequences that will arrive soon. With pressure building to reopen the economy, the lack of meaningful testing…
Read More