David Paul Morris | Bloomberg | Getty Images Best Buy said Thursday that its revenue and earnings fell in the first quarter, despite an initial surge of shopping as customers set up their home offices and prepared for kids to attend school remotely during the pandemic. The retailer’s sales were also affected later in the quarter,
Chinese Premier Li Keqiang. Michele Tantussi | Getty Images China made a rare decision not to set a target for its economic growth this year due to uncertainties about the impact of the coronavirus. “I would like to point out that we have not set a specific target for economic growth this year,” Chinese Premier
Facebook will begin opening up its candidate pool to remote workers this summer, CEO Mark Zuckerberg said Thursday during an employee townhall livestreamed to the public on the social networking platform. Currently, 95% of the company’s employees are working in a remote capacity during the coronavirus pandemic, Zuckerberg says. He estimates half of the organization will
Luis Alvarez The U.S. government passed the largest piece of stimulus legislation in our nation’s history to allow people to keep paying their bills during the forced economic shutdowns due to the coronavirus. Consumers, in turn, used a lot of that money to speculate in the stock market. Securities trading was among the most common
Getty Images Talk of a second round of $1,200 stimulus checks made headlines last week when Democrats in the House of Representatives passed a new bill including those payments. But another round of federal relief checks is far from a done deal. Americans should brace themselves for a potentially long wait for that money, if
Assistant store manager Jesus Alvarez rings up groceries from behind a new plexiglass barrier at Ralphs Kroger grocery store after California issued a stay-at-home order in an effort to prevent the spread of coronavirus disease (COVID-19), in Los Angeles. Lucy Nicholson | Reuters The U.S. small business relief program may be changed to allow borrowers
A health worker handles a blood sample on the first day of a free Covid-19 antibody testing event in Florida. Paul Hennessey | Barcroft Media | Getty Images U.S. officials and scientists are hopeful a vaccine to prevent Covid-19 will be ready in the first half of 2021 — 12 to 18 months since Chinese scientists first
Lights shine near a closed Macy’s Herald Square as people remain at home to stop the spread of coronavirus on March 29, 2020 in New York City. Noam Galai | Getty Images Macy’s said Thursday it expects first-quarter sales to fall by as much as 45%, and it could report a loss of more than $1
Will Smith and Kevin Hart pose backstage at the 2016 MTV Movie Awards at Warner Bros. Studios on April 9, 2016 in Burbank, California. Jason Kempin | MTV1415 | Getty Images for MTV Xiaoyin Qu never predicted how relevant her app would become in a pandemic. The former Facebook employee originally set up Run The
Following weeks of partial shutdown to curb the spread of coronavirus, government officials and business leaders across the country are rolling out plans to bring their labor force back to the workplace. As of Wednesday, every state has partially reopened in some capacity. And for the 18 million workers who lost their jobs temporarily in April, including those