Coach and Kate Spade owner Tapestry reported a slower-than-expected loss Thursday, as a strong online business helped offset the impact of closed stores during the coronavirus pandemic. The company said it will cut spending and shift its focus to digital growth as part of a turnaround plan. It said e-commerce …
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Unemployment insurance claims fell below $ 1 million last week for the first time since March 21 in a sign that the labor market is continuing its recovery from the coronavirus pandemic. The total claims of 963,000 for the week ended August 8 were well below the estimate of 1.1 …
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An Eastar Jet Inc. aircraft, front and Jeju Air Co. aircraft will land on Wednesday, August 12, 2020 at the intestinal surface at Incheon International Airport in Incheon, South Korea. SeongJoon Cho | Bloomberg via Getty Images The International Energy Agency on Thursday lowered its global oil demand forecasts several …
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Using a nasal swab and a test tube, hundreds of Kroger employees gave themselves a Covid-19 test. The nation’s largest supermarket chain said Thursday it wants to sell the test kits at home to employers trying to reopen or stay open as the coronavirus pandemic continues. Kroger and CVS Health …
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European equities traded lower on Thursday morning as investors waited for the latest data on US unemployment data and followed the lack of progress in negotiations over a US pandemic relief package. The Europa Stoxx 600 Index was down 0.4% in the early morning trading session, with base sources hitting …
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