Customer focus boosts shareholder returns: consultant

Customer focus boosts shareholder returns: consultant

When shopping for stocks, investors should consider a company’s focus on customer satisfaction, says Bain & Co.'s Rob Markey. His research found that loyal customers buy more and stay longer, boosting revenue growth and shareholder returns.
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Coronavirus clips wings of Nigeria's fledgling tourism industry

Coronavirus clips wings of Nigeria's fledgling tourism industry

Nigeria's tourism sector has been growing as Africa's biggest economy diversifies away from oil - but COVID-19 is threatening to undo what has been achieved.
Saudi, Russia agree to record oil cut

Saudi, Russia agree to record oil cut

OPEC and its allies led by Russia agreed on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.
Fed adds juice to Wall Street rally

Fed adds juice to Wall Street rally

Stocks rose Thursday to close out the best week for the S&P 500 since 1974 as the Federal Reserve rolled out its biggest rescue plan yet to help Main Street cope with effects of the coronavirus shutdown. Conway G. Gittens has the details.
High demand for thermal cameras in coronavirus era

High demand for thermal cameras in coronavirus era

The makers of specialized cameras to quickly scan for fevers as people enter crowded workplaces are grappling with soaring demand while confronting supply disruptions, forcing some to prioritize customers such as hospitals, executives told Reuters. T
Powell is doing 'whatever it takes': strategist

Powell is doing 'whatever it takes': strategist

National Securities' Art Hogan praised Fed Chair Jerome Powell for taking whatever action is necessary to ensure the economy doesn't encounter a credit crisis. Powell unveiled a $2.3 trillion effort Thursday to aid small businesses and local governme
Fear of death: a day delivering for Amazon

Fear of death: a day delivering for Amazon

35-year-old Excelso Sabulao is using his own car to make deliveries for Amazon and fears not only for his life but also for his parents, but he's still making deliveries during the health crisis because he can't afford not to. Conway G. Gittens has his story.
U.S. jobless claims hit 6.6 million

U.S. jobless claims hit 6.6 million

A staggering 6.6 million Americans filed for unemployment benefits last week. As Fred Katayama reports, that data came out just as the Fed unveiled a $2.3 trillion effort to aid local governments and small businesses.
Closed bars spell trouble for big drinks firms

Closed bars spell trouble for big drinks firms

Diageo is the latest big drinks firm to say closed bars and restaurants are costing it a lot of sales.
Boris Johnson getting better as UK economy seeks lifeline

Boris Johnson getting better as UK economy seeks lifeline

British Prime Minister Boris Johnson's health is improving and has been moved out of in intensive care, where he continues to be treated for COVID-19. On the government's plate in his absence - a review of lockdown measures, and a colossal overdraft.
Automakers make push to reopen plants

Automakers make push to reopen plants

Global automakers reeling from the COVID-19 pandemic are accelerating efforts to restart factories from Wuhan to Maranello to Michigan, using safety protocols developed for China and U.S. ventilator production operations launched in recent weeks. Cia
Global stocks gain on hopes pandemic is reaching peak

Global stocks gain on hopes pandemic is reaching peak

Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices. Ciara Lee report
Disney+ subscribers pass 50 million mark

Disney+ subscribers pass 50 million mark

Disney's streaming service has racked up 50 milllion subscribers just five months after launch, giving Netflix a rival to think about.
Coronavirus hopes, healthcare sector lift stocks

Coronavirus hopes, healthcare sector lift stocks

Wall Street rallied back Wednesday with healthcare stocks leading the way after Bernie Sanders dropped out of the 2020 race and investors were encouraged by positive statements on the coronavirus outbreak. Conway G. Gittens has the day's wrap up.
Time to buy video conferencing stocks: advisor

Time to buy video conferencing stocks: advisor

Gerber Kawasaki's Ross Gerber recommends buying stocks of video conferencing startups like Slack and Zoom over tech titans Microsoft and Cisco as people stay at home amid the lockdown.
EU ministers fail to agree rescue package

EU ministers fail to agree rescue package

European Union finance ministers have failed to agree on a package to support their crisis-hit economies, and have suspended talks for another day.
GM gets $500 mln ventilator contract

GM gets $500 mln ventilator contract

The United States awarded General Motors a $489 million contract Wednesday to produce ventilators to treat severely sick coronavirus patients.
OPEC may slash oil output, if U.S. plays ball

OPEC may slash oil output, if U.S. plays ball

Oil traders are watching to see if OPEC makes drastic cuts to output at a meeting Thursday, but it may all hang on whether the U.S. plays ball.
Zoom sued over privacy, security flaws

Zoom sued over privacy, security flaws

Zoom Video Communications was slapped with a class action suit by one of its shareholders Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted.
Tesco warns coronavirus costs could top $1 billion

Tesco warns coronavirus costs could top $1 billion

Britain's biggest retailer Tesco has estimated that the lockdown will cost the firm up to 925 million pounds, the equivalent of 1.1 billion U.S. dollars.
Stocks slide as hopes for virus crisis exit fade

Stocks slide as hopes for virus crisis exit fade

Global stocks turned negative again Wednesday as hopes waned for an early end to the global crisis in key markets.
Jack Dorsey pledges $1 bln for virus relief

Jack Dorsey pledges $1 bln for virus relief

CEO of Twitter and payments company Square, Jack Dorsey, said he is moving $1 billion of his equity in Square to fund COVID-19 relief efforts and eventually other causes.
Stocks erase stellar gain to close lower

Stocks erase stellar gain to close lower

The Dow gave up a more than 900-point rally to close the day lower in volatile trade. Conway G. Gittens has the numbers.
A ski town key to COVID-19 antibody testing?

A ski town key to COVID-19 antibody testing?

Tucked away in Colorado is a community of 8,000 that one U.S. biotech company is using as a prototype for coronavirus antibody testing, that could be crucial as the U.S. fights the spread of the contagion. Gavino Garay has more.
Too early to call a bottom: analyst

Too early to call a bottom: analyst

Stocks historically spend some time churning before they mark a bottom, notes DataTrek Research co-founder Nick Colas. The cavalry came early when policymakers approved stimulus measures, but the battle isn't over yet, he adds.