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3M CEO tells Trump mask demand exceeds production capacity. Image via Wall Street Journal.
Business
3M CEO tells Trump mask demand too great

Mike Roman, the CEO of US-based mask and worker safety equipment manufacturing company 3M, has stated amid US President Donald Trump's invocation of the Defense Production Act that his company cannot meet the demand for masks in the country. Roman revealed that the industry only has the capacity to make 50 million N95 masks each month, while healthcare workers need 300 million to fight the coronavirus pandemic.

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Fri Apr 03 - Marketwatch
Amazon has a long history of mistreating its workers, image via Getty Images
Business
Amazon has finally started to take measures against the coronavirus in its warehouses

E-commerce giant, Amazon, has announced that it will be making regular temperature checks and will be providing free face masks to its employees that work in its warehouses. This announcement is coming after employees in numerous locations complained/ protested regarding the unsafe working conditions in these warehouses. Amazon will also likely be hiring many more workers due to increased demand.

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Fri Apr 03 - TechCrunch
Kroger introduces a 'hero bonus' for employees - as Amazon and Whole Foods workers threaten revolt
Business
Kroger introduces a 'hero bonus' for employees

Staff at an Amazon warehouse in Michigan staged a walkout Wednesday days after their colleagues in New York also protested against coronavirus working conditions. While Kroger introduced a 'hero bonus' for employees amid coronavirus pandemic. The number of Americans filing claims for unemployment benefits last week has shot to a record 6.6 million - as layoffs increased amid the coronavirus pandemic and more states enforced stay-at-home orders.

news dailymail coronavirus

Thu Apr 02 - Google
British Airways reaches agreement to furlough staff on 80% of pay
Business
British Airways reaches agreement to furlough staff on 80% of pay

British Airways has reached an agreement with the U.K. trade union Unite to furlough staff without anyone being made redundant. It will furlough staff on 80% of pay without any cap on earnings, according to Reuters, in what would be a modified version of the British government's job retention scheme. The global air transport sector supported some 65 million jobs last year, according to the Air Transport Action Group.

business-news travel economy jobs united-kingdom airlines transportation health-care-industry

Thu Apr 02 - Google
Hobby Lobby told to "cease and desist" as it defies stay-at-home orders
Business
Hobby Lobby told to "cease and desist" as it defies stay-at-home orders

Ohio Attorney General Dave Yost took to social media Wednesday to note that while Hobby Lobby had "properly closed its stores during Ohio's stay-home order. Within an hour of receiving his cease-and-desist order, Hobby Lobby's general counsel called to say the company would be closing its stores in the state as of Wednesday night, Yost stated in a follow-up tweet.

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Thu Apr 02 - Google
Time Running Out for Cruise Line Stocks
Business
Time Running Out for Cruise Line Stocks

Carnival Corporation & Plc (CCL) announced a $1.25 billion secondary offering when the battered cruise ship line's stock was trading at $13.00 on Tuesday morning. The stock is now trading just six points above the all-time low posted in 1987, raising doubts about long-term survival.

support running uptrend

Thu Apr 02 - Google
Target to limit number of shoppers in stores, as a new safety measure
Business
Target to limit number of shoppers in stores

The Minneapolis-based retailer said in a news release that beginning Saturday, April 4, it "will actively monitor and, when needed, meter guest traffic in its nearly 1,900 stores nationwide to promote social distancing." The retailer also announced Thursday it will soon provide staff in stores and distribution centers with disposable face masks and gloves at the beginning of every shift, which employees will be encouraged to wear while working.

social limit today

Thu Apr 02 - Google
State unemployment offices scramble to handle surge in jobless claims amid coronavirus fallout
Business
State unemployment offices scramble to handle recent surge

Officials are scrambling to manage the surge in volume by instituting new procedures for filing unemployment claims, expanding staffing, fixing outdated technology and, above all, urging patience as websites and phone lines are jammed around the clock. Lisa McGoldrick, a resident of Fort Lauderdale, Florida, has tried applying for benefits online and by phone for hours every day since March 18.

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Thu Apr 02 - Google
Business
Dow Jones plunges again
Wed Apr 01
Markets stumble as US economy enters worst recession since 2008 financial crisis. Image via Vox.
Business
Dow Jones plunges again

Stocks in US markets today continued to plunge due to the coronavirus crisis coupled with the Saudi-Russian oil price war, with the Dow Jones industrial average dipped below the 22,000 level after suffering its worst first quarter in the institution's entire 135-year history. Major financial institutions like Goldman Sachs and JP Morgan predict an unprecedented first-quarter contraction in the US economy of between 25 to 34 percent.

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Wed Apr 01 - BusinessInsider
Indian startups were able to secure massive amounts of funding last year, image via Getty Images
Business
Indian startups preparing for the worst

Ten global and local private equity companies have sent an open letter to Indian startups telling them to prepare for the worst. It will be incredibly difficult to secure funding in the next few months due to the coronavirus crisis. Many startups have been forced to halt their businesses due to nationwide lockdown.

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Wed Apr 01 - TechCrunch
Pelosi, Khanna express concerns over startups potentially excluded from SBA loans
Business
Pelosi, Khanna express concerns over startups potentially excluded from SBA loans

"For these small businesses, as for many others across America, access to forgivable PPP loans will be critical to preserving jobs during the coronavirus pandemic and to securing American's leadership in science, technology and innovation," Pelosi and Khanna wrote in a letter to Treasury Secretary Steve Mnuchin and the SBA.

small pelosi sba

Wed Apr 01 - Google
Retail giant Amazon and Whole Foods face massive worker strikes. Image via France24.
Business
Amazon workers strike for better conditions amid coronavirus crisis

Warehouse workers and tech workers at Amazon and Whole Foods, which is also owned by Amazon, are staging strikes and walk-outs demanding the retail giant, which has benefitted financially from the coronavirus crisis, provide them with better protection at work, fully paid leave for those who miss work, unlimited time to recover from the illness and to instantly shut down contaminated facilities.

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Tue Mar 31 - TechCrunch
Industry body warns UK may soon face cardboard shortage amid coronavirus crisis. Image via Pop Sugar.
Business
The UK hit by cardboard shortage amid coronavirus crisis

The Recycling Association has issued a warning that the UK may soon face a severe cardboard shortage as more and more recycling collections are delayed by local councils due to the coronavirus outbreak. Cardboard is an essential item used in the packaging of food and medical supplies, with the coronavirus crisis threatening a Europe-wide or even a worldwide shortage of used paper and cardboard.

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Tue Mar 31 - TheGuardian
UK rent-to-own retail chain Brighthouse collapses amid coronavirus crisis. Image via Sky News.
Business
UK rent-to-own retail chain Brighthouse shutters operations

The UK-based rent-to-own retail chain Brighthouse, which has more than 240 branches in the country and allows consumers to buy expensive household items by making small payments over a long period, has announced that due to shop closures spurred by coronavirus restrictions, it will no longer be offering new lending, but instead will only collect its outstanding loans before shutting down.

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Tue Mar 31 - MoneySavingExpert
The offer stands so long as supplies last, image via Getty Images
Business
Crocs to provide free shoes to healthcare workers during the epidemic

Crocs has said that all healthcare workers can get a free pair of shoes from their website to help them combat the coronavirus. A number of healthcare workers had asked crocs to launch this initiative as their shoes are comfortable and very easy to clean. The company is ready to ship 10,000 shoes per day.

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Tue Mar 31 - WDRB
UK airline EasyJet to permanently ground entire fleet for next two months amid coronavirus crisis. Image via Reuters.
Business
EasyJet fleet permanently grounded due to COVID-19 crisis

The UK airline EasyJet has announced that due to the coronavirus crisis it is completely shutting down its operations for the next two months, with its entire fleet of airplanes grounded and payments for 107 new Airbus planes tabled for the foreseeable future. EasyJet will reduce 4.5 billion GBP in spending, laying off 4,000 of its 9,000 strong workforce in the UK, and will not be seeking government aid.

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Mon Mar 30 - TheGuardian
City of Lubbock announces 10 additional COVID-19 cases
Business
City of Lubbock announces 10 new COVID-19 cases

The City of Lubbock in Texas on Sunday night announced 10 new cases of COVID-19 or coronavirus. The city announced no death due to COVID-19 as of now but concerns are rising due to a high number of cases. With a few exceptions, people are instructed to stay at home. People within one household can still go to public parks and can also go out for critical needs

covid19 remain additional

Mon Mar 30 - Google
‘Taco Tuesday’ Taco Bell plans to feed America this Tuesday
Business
Taco Bell plans to feed America this Tuesday

Announced in a letter to fans that this Tuesday, March 31, Taco Bell drive-thru guests across America will receive a free seasoned beef Nacho Cheese Doritos Locos Tacos, no purchase necessary, from the comfort of their own cars at participating locations and while supplies last.

free kid bell

Mon Mar 30 - Google
Oil prices fall to 17-year low as Saudi Arabia-Russia standoff continues, coronavirus hits demand
Business
Oil prices fall to 17-year low

Oil prices fell to the lowest in more than 17 years as demand plunged as a result of the pandemic and an unrelenting price war between Saudi Arabia and Russia showed no signs of easing.U.S. West Texas Intermediate (WTI) crude futures briefly dipped below $20 per barrel to $19.90, their lowest level since March 20, when they fell as low as $19.50.

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Mon Mar 30 - Google
Amazon workers at Staten Island warehouse to stage walkout over coronavirus
Business
Amazon workers to walkout over coronavirus

Workers at Amazon’s Staten Island warehouse plan to strike Monday and demand that the facility be shut down and cleaned after one staffer there tested positive for the coronavirus. The e-commerce giant advised any workers who were in close contact with the sick employee to stay home for 14 days of paid self-quarantine.

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Mon Mar 30 - Google
Trump claims some hospitals are 'hoarding' ventilators
Business
Trump claims some hospitals are 'hoarding' ventilators

President Trump told reporters on Sunday that he came to know some hospitals are hoarding venitilators, "hospitals that are never going to use" ventilators must "release" them for use in fighting the coronavirus outbreak he added. Governors from several states have expressed frustration over the lack of ventilators available.

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Mon Mar 30 - Google
U.S. stock-index futures slump as investors keep focus on coronavirus numbers
Business
U.S. stock-index futures slump

Stock-index futures fell late Sunday, pointing to a lower start for Wall Street on Monday, as the number of coronavirus cases and deaths continues to rise and investors brace for data in the week ahead expected to underline the sharp economic toll of the pandemic.

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Mon Mar 30 - Google
Business
HQ Trivia is back
Mon Mar 30
HQ Trivia is back less than two months after the app was shut down
Business
HQ Trivia is back

HQ Trivia is being resurrected just a little over one month after co-founder Rus Yusupov announced that the app was shutting down. A push notification went out to HQ Trivia players letting them know a new game will go live tonight at 9 PM ET. There were some negotiations included paying severance to the 25 employees at HQ, and paying out players who still had cash winnings on the app.

source shut hq

Mon Mar 30 - Google
Instacart grocery delivery workers seek strike as jobs become riskier
Business
Instacart grocery delivery workers seek strike

Some Instacart workers say they intend to join the strike for at least a day or have stopped filling orders already for fear of getting the virus, some other newer workers are content to have a paying job at a time of mass layoffs in other industries. Instacart currently has a workforce of more than 200,000 contract workers who make multiple trips a day to various grocery stores

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Mon Mar 30 - Google
SoCal gas prices drop to lowest amount since 2017
Business
SoCal gas prices drop to lowest since 2017

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped for the 27th consecutive day today, falling 2.5 cents to $3.144, its lowest amount since Dec. 30, 2017. The average price is 16.1 cents less than a week ago, 41.8 cents lower than a month ago and 49.5 cents lower than one year ago, according to figures from the AAA and Oil Price Information Service.

price 2017 stations

Sun Mar 29 - Google