Some American dairy farmers are dumping milk despite strong demand for it amid the coronavirus pandemic. As Fred Katayama reports, supply chain disruptions are preventing farmers from getting their products to the markets.
Amazon.com has been in touch with two coronavirus test makers as it considers how to screen its staff and reduce infection risks at its warehouses, Reuters has learned.
As economic losses continue to deepen due to the COVID-19 pandemic and the three-week lockdown, several retail chains are seeking relief from paying rent. Just how will the government and the stakeholders deal with this mounting challenge? Here's ...
Wall Street fell Friday after fallout from the coronavirus pandemic prompted employers to shed the most jobs in 11 years. Conway G. Gittens has the details.
Buy stocks of software companies that boost business efficiency such as AudioCodes, whose technology helps power Zoom and Skype, says growth fund manager Gerry Frigon of Taylor Frigon Capital Management.
3M said it would increase production and import more of the N95 face masks to the United States after President Trump invoked a law to help ease a shortage of the crucial equipment needed by medical staff. Conway G. Gittens has more.
Employers in the U.S. cut 701,000 jobs in March. As Fred Katayama reports, that ends America's historic 113 straight months of employment growth as coronavirus-induced lockdowns shut down businesses and factories.
Reuters sources say Airbus may have to slash output of its best-selling A320 jets to counter the airline industry downturn.
Zara-owner Inditex has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, while Sweden's H&M reports plunge in March sales. Ciara Lee reports
New data out on Friday showed business activity plunging to record lows in the euro zone and UK.
Mexico's Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential. Ciara Lee reports
03 Apr 2020 - The Australian share market opened higher this morning following strong leads from the Energy sector and is now trading flat at 0.04 per cent. Hansen Technologies (ASX:HSN) withdraws guidance.
Simon Kidston on finalising energy storage agreements and facilitating a greener future for Australi
Executive Director of Genex Power, Simon Kidston, talks with CEO of Boardroom.Media William Canty about the next steps for Genex Power in energy storage and moving Australia towards a greener future.
03 Apr 2020 - NEXTDC (ASX:NXT) has successfully completed an institutional placement, raising approximately $672 million through the issue of 86.1 million new shares.
03 Apr 2020 - Treasury Wine Estates (ASX:TWE) has been served with a group proceeding filed against them in the Supreme Court of Victoria.
Stocks gained ground on Thursday as hopes for a truce between Saudi Arabia and Russia propelled oil prices, taking some attention off a staggering record jump in unemployment claims. Conway G. Gittens has the numbers.
03 Apr 2020 - After a rally from US markets, the ASX looks set to open higher. It’s been a rollercoaster of a week as investors monitor the COVID-19 crisis. Over one million people across the world have been infected, with over 51,000 losing their...
Desperate to sell pricey spring looks during the coronavirus lockdown, retailers are turning to social media to show their latest styles in somber, stay-at-home settings. This report produced by Yahaira Jacquez.
Buy stocks of companies with low debt and consistent profitability, says Washington Crossing Advisors' Kevin Caron who believes the U.S. is already in a sharp recession.
Oil prices skyrocketed Thursday after President Trump said Saudi Arabia and Russia will announce a deal to cut global production that could reverse a crash in prices. Conway G. Gittens has more.
In response to stiff criticism, Amazon.com plans to roll out temperature checks and face masks for staff at all its U.S. and European warehouses and Whole Foods locations next week, Reuters learned exclusively. Conway G. Gittens has the details.
Boeing CEO Dave Calhoun outlined a plan of voluntary layoffs for employees Thursday. As Fred Katayama reports, he also warned that the coronavirus pandemic would have a lasting impact on the global aerospace industry.
The bosses of Volkswagen, BMW and Daimler held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production restarted, Germany's Handelsblatt newspaper reported Thursday. Ciara Lee reports
SoftBank has pulled a $3 billion tender for more shares in WeWork, deepening troubles for the office-sharing firm.
The number of Americans filing claims for unemployment benefits last week shot to a record high for a second week in a row - topping 6 million - as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic. As Fred Katayama r
World stocks were pinned down on Thursday by the rising death toll from the new coronavirus and deepening economic pain, with another record week of jobless claims expected in the United States. Ciara Lee reports
British Airways may suspend around 32,000 staff according to Reuters sources, after most of its planes were grounded.
U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry "ravaged" by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.
02 Apr 2020 - Rural Funds Management as responsible entity for the Rural Funds Group (ASX:RFF) has been awarded damages over a Bonitas short sell report.
02 Apr 2020 - Webjet (ASX:WEB) has successfully completed its $115 million institutional placement and the institutional component of its 1 for 1 accelerated nonrenounceable pro-rata entitlement offer.
02 Apr 2020 - Westpac (ASX:WBC) Chairman John McFarlane today announced the appointment of Peter King as Chief Executive Officer.
02 Apr 2020 - Whitehaven Coal (ASX:WHC) is pleased to announce the appointment of Ian Humphris as Executive General Manager – Operations, effective from Monday, succeeding Quentin Granger, who has held the role on an interim basis since December 2...
02 Apr 2020 - Following a slump on US markets, the ASX looks set to open lower. The US death toll rose to over 4,000. The Dow tumbled to near 1000 points. White House officials estimate that the COVID-19 outbreak will kill between 100,000 and 240,...
U.S. stocks lost more than 4 percent on Wednesday after a dire warning on the U.S. death toll from the coronavirus pandemic spooked investors. Conway G. Gittens has the numbers
Stocks will near a bottom when the U.S. is able to slow the spread of the coronavirus pandemic, providing an opportunity to buy into the market, says Ladenburg Thalmann's Jaime Desmond.
In a marriage long in the making, T-Mobile and Sprint officially completed their $23 billion merger, creating a wireless combination that's better able to compete in the 5G race. Conway G. Gittens has more.
The Dow Jones tumbled roughly 700 points Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low and private payrolls fell for the first time since 2017.
Carrefour and Uber Eats are teaming up to deliver essentials to Parisians under lockdown.
Residents in China's locked-down city of Wuhan have found a new way to shop while still social distancing. Calling for what they want over large barriers mean they keep well apart, but still get to purchase essentials.
Stocks slid again at the start of a new quarter. The carnage of the previous three months was the worst since the Great Depression of the 1930s.
North America's biggest farm suppliers are accelerating their spring schedule in an unprecedented race against the coronavirus that threatens to disrupt planting season.
01 Apr 2020 - The ASX has closed at a two week high closing 3.6% higher. Shares in Mayne Pharma (ASX:MYX) soared and SkyCity Entertainment (ASX:AKC) shares rose as did AP Eagers (ASX:APE). Synlait Milk (ASX:SM1) completed the purchase of Dairywork...
01 Apr 2020 - The ASX shot up at the open and is now tracking 3% higher at noon. Shares in Oil Search (ASX:OSH) and Worley Parsons (ASX:WOR) are doing well today. Yesterday Worley announced Chevron had extended one of their contracts by two years....
Mike Fagan on Covid19 and its impact on Volatility, Bonds and Credit
01 04 2020 - Brickworks (ASX:BKW) has been advised that it may re-open their brick plants in Pennsylvania.
01 Apr 2020 - Lottery game seller Jumbo Interactive (ASX:JIN) says improved customer engagement is expected to deliver higher TTV and Revenue during a period of lower jackpots.