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Kraft-Heinz extends factory worker bonuses in pandemic

Kraft Heinz will extend for two weeks a $100 per week stipend for factory workers producing its packaged foods during the COVID-19 pandemic, the company said on Wednesday.



4 years ago

Securities group asks SEC to intervene for brokers in audit-trail database fight

U.S. brokers should not be forced to sign an agreement that could make them liable for breaches of a massive new industry trading database that they have no control over, a leading financial industry trade group told regulators on Wednesday.



4 years ago

Brent crude rebounds from more-than 20-year low; U.S. oil up 20% in wild trade

Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative talk of additional supply cuts from OPEC producers and U.S. inventory builds that were less dire than some expected.



4 years ago

Fintech Fridays EP39: The Power of Digitization and How to Get Exponential

NCFA Canada | April 21, 2020 JOIN US ON A STORYTELLING JOURNEY EVERY FRIDAY. EP39: The Power of Digitization and How to Get Exponential   HOST: Tristram Waye, Fintech Friday's podcast episode GUEST: JAMES WALLACE, Co-founder and CEO, Exponential (Linkedin) In this episode of Fintech Fridays, Tristram Waye has an in-depth conversation with James Wallace,

4 years ago

Xilinx forecasts current-quarter revenue below estimates

Xilinx Inc on Wednesday forecast first-quarter revenue below estimates and refrained from providing an annual outlook, citing the uncertainty caused by the coronavirus outbreak.



4 years ago

Las Vegas Sands posts first-quarter loss on coronavirus woes

Las Vegas Sands Corp posted a loss for the first quarter compared to a year-ago profit, as the coronavirus pandemic slammed gaming revenue at the casino operator.



4 years ago

Less Than 20 Days to Go Before the Next 2020 Bitcoin Halving

BitcoinKE | CryptoGuru | Apr 22, 2020 As the Bitcoin halving clock ticks closer to the May 10 D-day, we take a look at what this monumental event will mean for the largest crytocurrency by market cap amid the Covid-19 pandemic. First, a few definitions: What is the Bitcoin Halving (or Halvening)? New bitcoins are

4 years ago

CSX profit falls as coal, automotive declines weigh on results

U.S. railroad operator CSX Corp on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns because of the COVID-19 pandemic weigh on the U.S. economy.



4 years ago

U.S. House poised to pass more coronavirus aid, avoids remote voting wrangle

The U.S. House of Representatives expects to pass a nearly $500 billion coronavirus relief bill on Thursday but will put off any decision on changing its voting rules during the pandemic, avoiding a potential partisan fight.



4 years ago

Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit

U.S. pipeline operator Kinder Morgan Inc cut its expectations for full-year adjusted core earnings on Wednesday and reported a 5.3% fall in quarterly adjusted profit following a coronavirus-induced decline in fuel demand and a crash in crude prices.



4 years ago

Exclusive: Quibi downloads reach 2.7 million, TV feature to start in May

New streaming service Quibi, which offers entertainment and news in episodes of 10 minutes or less on mobile phones, has been downloaded more than 2.7 million times since its April 6 debut, founder Jeffrey Katzenberg told Reuters on Wednesday.



4 years ago

U.S. auto sales show signs of life after gloomy coronavirus March: J.D. Power

Auto retail sales in the United States are beginning to recover from a massive slump in March due to the outbreak of the coronavirus and nationwide stay-at-home orders, according to analysts at research firm J.D. Power on Wednesday.



4 years ago

EU says air travel will need social distancing, U.S. airlines taking their own steps

The European Commission will next month present a set of rules for the safe reopening of air travel when coronavirus lockdowns end, including social distancing in airports and planes, while some U.S. airlines are taking their own protective measures.



4 years ago

Google Stadia gains users after giving free access for two months

Google's cloud-based game streaming service, Stadia, has witnessed a surge in users after the tech giant gifted two months of free access to its premium version for gamers sheltering at home to curb the spread of the coronavirus.



4 years ago

Reeling Oklahoma oil producers win right to keep leases while wells shut

Oklahoma's energy regulator said oil producers can close wells without losing their leases, the first victory for struggling U.S. companies seeking relief from states following the market crash.



4 years ago