|Symbol||Name||Last Close||Mkt Cap||DailyStocks'
|POST||Post Holdings, Inc.||$100.15||$6.67B||N/A|
The coronavirus pandemic dented first quarter profit by 200 million euros ($218 million) at German logistics giant Deutsche Post DHL Group (OTCMKTS: DPSGY), but officials say the company's geographic and product diversity will help it weather the crisis.
Washington Post reporter Darran Simon was found dead in his apartment Thursday, according to a memo sent by one the newspaper’s top editors.
No cause of death has been announced.
Simon, who covered D.C. government and politics, had recently joined the newspaper, after working as a senior news writer...
More than 17 million Americans have filed for unemployment in the past four weeks, a rapid and unprecedented deterioration in the U.S. economy that the nation has decided is necessary to combat the deadly coronavirus by keeping as many people as possible at home.
Federal Reserve Chair Jerome Powell said Thursday the U.S. economy is in an emergency and is deteriorating "with alarming speed." His remarks came shortly after the central bank unveiled over $2 trillion in new loans to keep the economy afloat, while much of the nation goes into a lockdown.
The nation has not experienced this magnitude of layoffs and economic contraction since the Great Depression, many experts say, and recovery is unlikely to be swift. President Donald Trump and Congress are racing to pass more relief money, but they failed to strike a deal Thursday on the details. Meanwhile, the $2 trillion package Congress enacted last month is barely starting to get out as states and federal agencies that have been gutted for years struggle to process millions of aid applications from small businesses and the newly jobless.
Last week, 6.6 million Americans applied for unemployment benefits, the Labor Department said Thursday, a staggering number that would have been unthinkable a few months ago. It's just shy of the record set the week of March 28, when 6.9 people filed for aid. The week of March 21 had 3.3 million claims.
"We have never seen anything like this," said Princeton University economy Alan Blinder. "This looks likely to be deep enough to qualify as a depression."
The economy is widely expected to shrink by roughly 30 percent in the second quarter, which runs from April through June. While such losses are deep and "astounding," they are unlikely to be long-lasting, Blinder said. There's hope that a vaccine or other preventive measure will be...
A Texas man claiming that he paid someone to intentionally infect grocery shoppers with coronavirus has been arrested by the FBI.
Christopher Perez is facing one count of false information and hoaxes related to weapons of mass destruction in connection with the incident, News 4 reported.
This is the moment in the coronavirus saga when prophesies will pour forth about what life will look like after the storm, with some predicting wholesale changes. I’m not sure about that level of exuberance, but history does turn on inconceivable events.
Just as it was hard to conceive of Germany...
New York City will publish real-time information on COVID-19 cases and hospitalizations beginning Monday to better track data that will determine when coronavirus restrictions can be lifted.
The daily tracker will include the number of people admitted to hospitals who are suspected to have coronavirus,...