Global Luxury Goods Sales to Slide up to 35% – Study
A new study shows that the global luxury sector is heading for a stunning collapse of up to 35% this year due to coronavirus lockdowns.
A new study shows that the global luxury sector is heading for a stunning collapse of up to 35% this year due to coronavirus lockdowns.
Japanese video-game maker Nintendo Co. has scored a 33% jump in annual profit as people stuck at home during the coronavirus pandemic turn to playing games.
The economic catastrophe caused by the viral outbreak likely sent the U.S. unemployment rate in April to its highest level since the Great Depression and caused a record-shattering loss of jobs.
While thousands of small businesses waited for coronavirus relief money to arrive, they were shutting down and laying off workers.
General Motors’ first-quarter net income fell 88%, but it still managed to make $247 million as the coronavirus began to take hold.
The Treasury Department is detailing how it plans to borrow a record-breaking $2.99 trillion in debt this quarter which will include issuing for the first time since 1986 a 20-year bond.
Texas regulators are relaxing rules about where companies can store oil underground.
Restaurant have begun to welcome diners, manufacturers are announcing plant reopenings and markets are moving higher all on hopes that the worst of the pandemic is in the past.
Airbnb Laying off 1,900 Employees Due to Travel Decline
Major U.S. automakers are planning to reopen North American factories within two weeks, potentially putting thousands of workers back on the assembly line as part of a gradual return to normality.