It begins with a mild fever and malaise, followed by a painful cough and shortness of breath. The infection prospers in crowds, spreading to people in close reach. Containing an outbreak requires contact tracing, as well as isolation and treatment of the sick for weeks or months. This insidious disease has touched every part of […] Read more

AMAZON sales have jumped by 40 percent, Facebook’s profit has increased by 98 percent and Apple has posted more than $11billion profit in the last quarter. The companies have all seen a rise despite the coronavirus pandemic causing stores to shut and employees to work from home. “The strong continue to get stronger,” Dan Ives, managing director […] Read more

Oil prices rose 2% on Wednesday, supported by a sharp drop in U.S. crude inventories, but further gains were limited as OPEC and its allies are set to ease supply curbs from August as the global economy gradually recovers from the coronavirus pandemic. Brent crude <LCOc1> settled up 89 cents, or 2.1%, at $43.79 a […] Read more

Thousands of businesses have been driven to bankruptcy by the coronavirus, and you’ve likely never heard of most of them. But a handful of household names, many of them already struggling before the pandemic, are among the firms closing stores, laying off employees, and restructuring due the economic turmoil created by the virus. And while […] Read more

On the last Friday of June, after Gov. Greg Abbott of Texas said that bars across the state would have to shut down a second time because coronavirus cases were skyrocketing, Mick Larkin decided he had had enough. No matter that Larkin, an owner of a karaoke club in Wichita Falls, Texas, had just paid […] Read more

Between last Friday afternoon after markets closed and 1 p.m. on Tuesday, Jeff Bezos’ net worth fell by $8 billion. That’s a huge sum — the combined value of the NFL’s New England Patriots ($4.1 billion) and the New York Giants ($3.9 billion). But for Bezos, who’s worth about $181 billion, it was just a […] Read more

PespsiCo Inc.’s second-quarter revenue slipped as consumers stocked up on snacks and bought fewer beverages amid the COVID-19 lockdowns. The Purchase, New York-based beverage and snack maker saw sales slump 3.1 percent versus a year ago to $15.95 billion, outpacing the $15.38 billion that analysts surveyed by Refintiv were expecting. Organic revenue, which accounts for foreign exchange and […] Read more

As a fan of professional basketball and a student of economic game theory, I am becoming increasingly concerned. I fear that the NBA, in particular, may be reflecting a still-hidden trend in the broader economy: People may not actually be so keen to return to work. The NBA is planning to resume a fragment of its […] Read more

Postmates is planning to file paperwork for an initial public offering within days, a source with knowledge of the matter told FOX Business. The San Francisco-based food-delivery platform is still fielding takeover offers, but analysts believe it could be worth more than the $2.6 billion bid reportedly made by Uber Technologies. Jake Fuller, a New York-based analyst at BTIG, said recently […] Read more

Lamborghini is not the first automaker to partner with a boat builder to offer a car-inspired luxury yacht. Lexus announced a sport yacht back in 2018 and last year, Honda announced a speedboat inspired by the NSX supercar. But as you might expect, Automobili Lamborghini has blown both of those boats away with its all-new motor yacht, the Tecnomar […] Read more