Hollstadt Consulting CEO Molly Jungbauer has had to let go 30 of the 150 employees at her St. Paul, Minnesota firm to weather the drop in revenue from travel industry clients because of the coronavirus.
Fresh partisan divisions flared on Sunday on the next steps for the U.S. Congress in dealing with the coronavirus crisis, with the top House of Representatives Republican casting doubt on the need for more economic stimulus legislation while House Speaker Nancy Pelosi signaled she plans to move forward with it.
Sean Hernandez says he covers his mouth and nose with a t-shirt or towel when he leaves his cell, the only defense he can improvise against the coronavirus outbreak now sweeping through New York’s Rikers Island jail system.
French carmaker Renault put most of its white collar staff in the Ile-de-France region around Paris on partial unemployment on Monday as the lockdown imposed due to the coronavirus outbreak lowered activity.
"This is a day where you say, if I'm short I'm betting against science, not betting against the lackadaisical attitude of many people in the country," CNBC's Jim Cramer said Monday.
A survey finds that 110 million adults entered the sudden downturn prompted by the coronavirus with credit card debts. But the traditional thinking of how to prioritize those debts among all of your expenses may need to be reexamined during this emergency time.
Wall Street rose on Monday as President Donald Trump followed last week's massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors hopeful that the economic impact of the coronavirus could still be contained.
United Arab Emirates carrier flydubai will reduce pay for its employees for three months from April due to the impact of the global coronavirus crisis on its business, a spokeswoman said on Monday.
The $2 trillion federal stimulus package known as the CARES Act, signed into law by President Trump on Friday, takes unprecedented steps to provide a social safety net for the self-employed.
Global equity benchmarks rose slightly on Monday despite a drop in oil prices to their lowest levels since 2002, as central banks and the United States tried to contain damage from the rapidly spreading coronavirus that has upended the global economy.
UBS Group intends to pay its 2019 dividend, the Swiss bank said on Monday, despite guidance from markets supervisor FINMA, the Swiss government and international banking groups to limit payouts as the coronavirus outbreak hits the global economy.
The International Monetary Fund said on Monday the relaxation of the euro zone's fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to the coronavirus pandemic.
Harley-Davidson Inc said on Monday that investor Impala Asset Management no longer planned to nominate two candidates to its board.
Commerzbank said on Monday that it will not propose a dividend for 2019.
Finland's center-left government on Monday gave its blessing to majority state-owned Fortum's strategy to cut emissions, but promised to push the company further towards carbon neutrality, the minister in charge wrote.