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News & Updates
Source: JD Supra
Sustainability may be taking on a new meaning in 2020. As 2019 ended, the energy industry was abuzz with the growing Environmental, Social and Governance (ESG) movement. Investors started to evaluate companies based on ESG...
Source: Fox Business
U.S. equity markets rallied Thursday as global oil prices posted their biggest one-day gain in response to President Trump saying he expects and hopes Russia and Saudi Arabia will cut production.
April 2, 2020 Coronavirus expected to cripple US auto sales; companies push 0% financing, online buyingSource: CNBC
Automakers are offering 0% financing, deferred payments and online tools to assist vehicle sales as the coronavirus pandemic cripples the auto industry.
April 2, 2020 Let them pay rent with their security deposits: A better way to take the edge off the coronavirus housing crisisSource: NY Daily News
Mayor de Blasio, seeming to endorse a plan to use security deposits in place of April’s rent, said it perfectly: “residents are hand-to-mouth.” The mayor is right: New Yorkers are panicked on several fronts. With job losses and...
April 2, 2020 Understanding the Economic Shock of CoronavirusSource: Harvard Business Review
As the coronavirus continues its march around the world, governments have turned to proven public health measures, such as social distancing, to physically disrupt the contagion. Yet, doing so has severed the flow of goods and...
March 31, 2020 Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimatesSource: CNBC
Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate.
Pharmaceutical giant Johnson & Johnson plans to begin human clinical trials of its Covid-19 vaccine by September with a goal of the first batches being made available for emergency use authorization by early next year, according...
March 31, 2020 Macy's will furlough the majority of its 125,000 employeesSource: CNN
New York (CNN Business)Macy's is furloughing a majority of its 125,000 employees because of the ongoing coronavirus pandemic, which has sunk sales and forced it close to its stores.
Source: Yahoo Finance
As the coronavirus disrupts everyday life, experts are beginning to think about what changes will be temporary and what changes will be permanent.
March 31, 2020 Older workers will jump-start an economy post-pandemic faster than younger ones, argues CitigroupSource: MarketWatch
What do older workers have over younger ones as an economy tries to recover from a pandemic? They can potentially breathe life into a shut-down economy faster, in part because they have more money to spend and better health...
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