Saturday, July 11, 2020
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U.S. consumer confidence plunged in April as millions lost their jobs and there was an unprecedented deterioration of an index that monitors their attitudes about current business and work conditions. The Conference Board said Tuesday that its confidence index tumbled to a reading of 86.9, the lowest level in nearly six years and down from…
Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., speaks during the BoxWorks 2019 Conference at the Moscone Center in San Francisco, California, U.S., on Thursday, Oct. 3, 2019.BloombergZoom selected Oracle to provide its Cloud Infrastructure service on Tuesday, bypassing major cloud leaders Amazon Web Services, Alphabet's Google Cloud Platform and Microsoft's Azure Cloud. The…
I grew up in the restaurant business: My family launched their first restaurant, Nino's, in the heart of midtown Manhattan in the early 1980s, and the summers I spent in their restaurants, as well as the after-school lunches I cooked with my grandma, molded m…
Bay Area by: Tristi Rodriguez Posted: Apr 19, 2020 / 07:05 PM PDT / Updated: Apr 19, 2020 / 07:05 PM PDT SAN FRANCISCO, Calif. (KRON) — Dozens of grocery store workers have died from COVID-19 despite precautions being taken. Now some people, including union leaders and worker experts are suggesting it might be time…
U.S. equities rallied on Friday between a report that says a Gilead Sciences drug has again appeared to be an effective coronavirus treatment and the White House's move to start to relax business closure recommendations. Though Gilead cautioned that anecdotal reports don't prove efficacy, hopes that we may soon have a reliable therapy ushered traders…
Check out the companies making headlines after the bell.Bed Bath & Beyond The home goods retailer's stock soared 12% in extended trading after the company posted a double beat on earnings and revenue in the fourth quarter. Bed Bath & Beyond reported e…
Bank of America said Wednesday that first-quarter profit slumped 45% as the company set aside $3.6 billion for loan-loss reserves because of the coronavirus pandemic. The bank posted profit of $4.01 billion, or 40 cents a share, compared with the 46 cent estimate of analysts surveyed by Refinitiv. Revenue of $22.8 billion essentially matched expectations, and trading…
FILE - In this Nov. 11, 2010 file photo, Humberto Manzano, Jr., delivers an arriving pallet of goods at an Amazon.com fulfillment center in Phoenix. Products are flying off the shelves at Amazon warehouses across the county as Californians prepare to start paying sales taxes on online purchases. The change, which takes effect Saturday, Sept.…
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013.Patrick T. Fallon | Bloomberg via Getty ImagesCheck out the companies making headlines after the bell.Roku Inc — The television streaming platform's stock soared 9% in extended trading after the company estimated that it currently…