Hand-holding in the pandemic: Wealth managers grapple with new reality
During the early days of March, Jill Fopiano was having trouble sleeping, waking up at 3 o’clock in the morning, maybe 4 o’clock. She’d been...
Sales drop at Vuitton owner LVMH as virus forces store closures
Louis Vuitton owner LVMH on Thursday posted a 17% drop in comparable sales in the first quarter due to the coronavirus pandemic, as government-imposed lockdowns...
Fed’s Bostic: Small business may need up to $500 bln monthly in support through crisis
U.S. small businesses may need as much as $500 billion a month to fully ensure their survival through the widespread closures and disruptions slamming their...
U.S. loan program hits $350 billion cap leaving thousands of small businesses adrift
A $350 billion emergency U.S. loan program to help small businesses keep workers on their payrolls amid the novel coronavirus disruption has run out of...
L’Oreal banks on cosmetics bounceback, citing Chinese pick-up
Maybelline make-up manufacturer L’Oreal said on Thursday it was counting on a quick recovery in cosmetics demand once global lockdowns to combat the coronavirus pandemic...
Facebook’s Libra cryptocurrency gets revamp in response to backlash
Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory...
Cuomo Extends Coronavirus Shutdown Order to May 15: Live Updates – The New York Times
Cuomo Extends Coronavirus Shutdown Order to May 15: Live Updates The New York Times New Yorkers must wear masks when unable to socially distance, Gov. Cuomo...
Trump set to unveil reopening guidelines despite testing shortfalls – CNN
Trump set to unveil reopening guidelines despite testing shortfalls CNN Trump says US has ‘passed the peak’ of coronavirus outbreak CNBC Trump’s big show of opening the...
U.S. weekly jobless claims top 5.2 million
A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump...
Success of reopening depends on testing, isolating: Fauci
The top U.S. infectious disease expert, Anthony Fauci, said on ‘CBS Evening News’ on Wednesday said the ‘success or failure’ of the reopening of states...