
United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemic
Hits: 18United Airlines had reported a first-quarter pretax loss earlier this month. Source
Hits: 18United Airlines had reported a first-quarter pretax loss earlier this month. Source
Hits: 13Banks have been retreating from loans tied to housing as the coronavirus pandemic impacts home values and the creditworthiness of borrowers. Source
Hits: 25“I mean, Congress went out of its way to carve out businesses that have more than 500 employees but are restaurants, chain restaurants,” ex-TARP watchdog Neil Barofsky told CNBC. Source
Hits: 17SpaceX CEO Elon Musk unexpectedly spoke up during a NASA conference call on Thursday Source
Hits: 19In a candid phone conversation with CNBC, Macy’s CEO Jeff Gennette talks about working from home, the possibly of an industry bailout, shared sacrifice and the department store’s chances of survival. Source
Hits: 19Apple did not issue guidance for the quarter ending in June, as it usually does. The company withdrew guidance for its second-quarter in February as the Covid-19 coronavirus spread in China. Source
Hits: 22Apple has continuously hosted one of the largest cash piles among U.S. companies, but is facing pressure from the Covid-19 pandemic. Source
Hits: 25Some Amazon cloud customers, like Slack and Zoom, saw record usage in the first quarter as governments directed people to stay home, with coronavirus cases proliferating. Source
Hits: 20Shopping center owner Kimco Realty is rolling out designated curbside pickup spaces, first in parking lots at 23 properties in Texas. Source
Hits: 18“History tells us that the odds of another deep decline are very, very high,” one strategist said. Source
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