AMC Theaters, the largest movie chain in North America, will limit attendance at all screenings to 50 people to adhere to the CDC's latest social distancing guidelines. Cinemas in New … Click to Continue »
NEW emergency payments have been announced for workers hit by the coronavirus pandemic. With 70,000 layoffs estimated in the restaurant and pub industry alone, it is likely that the number of people forced to apply for social welfare payments will surge.
Stocks dropped 8% in the first minutes of trading Monday on Wall Street and triggered another temporary halt to trading as huge swaths of the economy come closer to shutting … Click to Continue »
Walt Disney World will close all of its hotels in Florida due to growing concern over the new coronavirus, the company announced early Monday. In a tweet, the company said … Click to Continue »
Apple CEO Tim Cook also said workers will continue to receive pay in alignment with business-as-usual operations.
Trading on Wall Street was halted on Monday after stocks had plunged immediately after the opening bell, despite the promise by the US Federal Reserve to provide more stimulus. The sell-off continued after trading resumed. At one point, the S&P 500 and the Dow crashed more than ten percent due to a wave of panic...
Prices of precious metals are falling on lack of investor confidence that stimulus measures taken by the world's central banks are enough to steady the markets. On Sunday, the US Federal Reserve slashed rates to near zero and promised to pump $700 billion into the economy. Other central banks have made similar moves to try...
