An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | fake pictures Chipotle Mexican Grill is expected to report its second quarter earnings after the bell on Wednesday. This is what Wall Street expects, based on an analyst survey …
Read More »Republicans Consider Extending Unemployment Insurance
Republicans are considering extending the enhanced unemployment insurance benefit to a reduced level of $ 400 per month for the rest of the year, sources told CNBC. Congress approved a $ 600 a week, or $ 2,400 a month, increase in unemployment benefits in March to deal with a wave …
Read More »Nike shakes up its executive team and announces job cuts
John Donahoe took over as Nike CEO in January 2020. Kim Kulish | Corbis via Getty Images Nike announced a series of leadership changes Wednesday, as well as job cuts, in an effort to focus on its digital business and sell more directly to customers as the coronavirus pandemic changes …
Read More »United CEO expects revenue to stabilize at 50% of 2019 levels until vaccine is available
United Airlines CEO Scott Kirby said Wednesday that he expects air fares to drop as the pandemic continues to depress demand for flights. “I guess prices will go down in the short term,” Kirby told CNBC’s “Squawk Box”. All the normal price metrics … in this pandemic are a little …
Read More »The economic blow will be there for a long time, says Raghuram Rajan.
While markets reacted positively this week to promising news of possible developing coronavirus vaccines, a leading economist warned that the economic impact of the pandemic will be here for a long time. A large number of small businesses that closed in March when restrictions on social movements went into effect …
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