The number of Americans filing new claims for unemployment benefits last week totaled 1,434 million, the Labor Department reported Thursday, roughly in line with expectations, as the coronavirus pandemic continues to devastate the U.S. economy. It was the nineteenth consecutive week in which initial claims totaled at least 1 million …
Read More »Dow to drop as Wall Street awaits economic data, Big Tech earnings
BY THE NUMBERS Dow futures are signaling a drop of roughly 200 points in the open, following a Federal Reserve press conference that highlighted a difficult economic path ahead. S&P 500 and Nasdaq futures were also negative as Wall Street prepares for new US GDP figures and economic claims, as …
Read More »Herman Cain, former Republican presidential candidate, dies after battle with coronavirus
Herman Cain Julie Dermansky | Corbis News | fake pictures Herman Cain, a former presidential candidate who was once considered by President Donald Trump for the Federal Reserve, died after being hospitalized with the coronavirus. He was 74 years old. Cain’s death was announced Thursday on his website by Dan …
Read More »Google Fitbit deal faces EU antitrust investigation, sources say
Fitbit Charge 2 heart rate and fitness bracelet. Source: Amazon Google’s $ 2.1 billion offer by fitness tracker maker Fitbit will face a large-scale antitrust investigation in the EU next week, people familiar with the matter said Thursday. Google Alphabet this month offered not to use Fitbit’s health data to …
Read More »Yum Brands (YUM) 2Q 2020 Earnings Report: Same Sales Drop in Same Store
Yum Brands reported Thursday that global sales at the same store fell 15% in the fiscal second quarter, led by falling sales at the KFC brand, but the company said sales began to stabilize at its open locations. Store closings peaked in early April, CEO David Gibbs said in a …
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