Traders wear masks while working on the floor of the New York Stock Exchange as the outbreak of coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters This is a live blog. Check back for updates. 8:06 am: Bank shares fall when the Fed imposes restrictions …
Read More »Saks Fifth Avenue says traffic has not slowed as coronavirus cases increase
Luxury retailer Saks Fifth Avenue said it hasn’t seen a change in purchasing patterns in Florida, Texas and other states where coronavirus cases are on the rise. At CNBC’s “Closing Bell”, Saks Fifth Avenue President Marc Metrick said shoppers still go to stores to buy bags, shoes and other items. …
Read More »Nike (NKE) Reports Fourth Quarter 2020 Earnings, Shares Falling Unexpected
Shoppers, some with PPE (personal protective equipment), of a face mask or cover as a precaution against COVID-19, queue to enter a recently reopened Nike store at Gunwharf Keys Shopping Center in Portsmouth, southern England , on June 16. 2020. Adrian Dennis | AFP | fake pictures Even Nike, often …
Read More »Virgin Galactic SPCE completes second glide test, upcoming rocket-powered flights
The Virgin Galactic spacecraft, Unity, lands during a glide test flight on May 1, 2020. galactic virgin Virgin Galactic successfully completed its second glide flight test in New Mexico on Thursday, a milestone that should prepare the company to begin space flight next. The company said that after completing “an …
Read More »“It is too early to go to the movies,” say infectious disease experts
Movie theater owners may be eager to reopen their screens to the public, but health experts aren’t convinced it’s time to head back to theaters. Coronavirus cases in the United States have not decreased. In fact, the country reported more new cases of Covid-19 on Wednesday than any previous day. …
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