Friday , July 3 2020

Tag Archives: health

China's Economy Regains Strength After Strict Coronavirus Measures

BEIJING—Economic activity is gathering momentum in China, a raft of survey data showed this week, the latest sign that Beijing’s uncompromising approach to tackling the coronavirus pandemic is starting to pay dividends even as the U.S. shuts down swaths of its economy in a struggle to contain the virus. A …

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With a Few Covid-19 Adjustments, Chinese Factory Gets Back to Work

ZHANGJIAGANG, China—Factories in the U.S. and around the world are facing the challenge of how to reopen safely following the coronavirus pandemic. After weeks of lockdown and social distancing, bringing back thousands of employees to work together in proximity could cause new clusters of infection, setting back the economic recovery …

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During Covid-19 Pandemic, the Used-Car Lot Is Hot

The Covid-19 pandemic has dinged the auto sector, but one part of the industry is faring better than it was before the crisis: used cars. Sales of used vehicles in the U.S. have roared back after dropping 38% in April, when states were shut down and some dealerships were forced …

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Uber Under Pressure to Beef Up Food Delivery

Uber Technologies Inc. needs a win. After a failed bid for Grubhub Inc., the ride-hailing giant is trying to buy much smaller food-delivery company Postmates Inc. as it seeks surer footing in the era of Covid-19. The San Francisco-based company needs to get stronger in the competitive world of food …

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What Makes Bars and Restaurants Potential Covid-19 Hot Spots

Public-health experts and government officials say they are worried bars and restaurants are playing a significant role in increasing Covid-19 case counts across parts of the U.S. These spaces pose particular challenges for transmission control because of both human behavior and the way the coronavirus spreads most efficiently—indoors through… Source …

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Arthritis Drug Fails in Study of Covid-19 Patients

Regeneron Pharmaceuticals Inc. and Sanofi SA said their arthritis drug Kevzara failed to help Covid-19 patients recover in a U.S. clinical trial. The failure clouds a class of drugs being studied as potential treatments for Covid-19 patients who experience an abnormal immune response known as “cytokine storm,” which researchers and …

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Apparel Brands Push More-Stylish Dressing at Home

Business-casual retailers are trying to figure out how to entice Americans who have grown used to T-shirts, leggings and gym shorts to buy their blazers, maxi dresses and fancier pants. Brands like Ann Taylor, Banana Republic and Express have organized online categories around working or staying at home, hoping to …

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Exxon Warns Production, Refining Losses to Hurt Earnings

Exxon Mobil Corp. warned Thursday of steep losses in its refining and oil-and-gas production businesses during the second quarter, signaling that the company is likely to report a second straight quarterly loss later this month. Lower oil and gas prices are poised to drag down production profits by an estimated …

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CBO Sees Double-Digit Jobless Rate Through 2020, GDP to Shrink 5.9%

WASHINGTON—The jobless rate is expected to remain in double-digits through the end of the year, and the economy will shrink an estimated 5.9%, according to projections released by the Congressional Budget Office Thursday. The CBO on Thursday estimated the unemployment rate will fall to 10.5% by December, down from an …

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U.S. Unemployment Rate Fell to 11.1% in June

The jobless rate fell to 11.1% in June as the U.S. regained 4.8 million jobs, continuing a labor market rebound from the economic shock caused by the coronavirus pandemic. Job growth in June followed May’s payroll gain of 2.7 million and showed people are getting back to work faster than …

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U.S. Trade Deficit Widened in May

WASHINGTON—Trade between the U.S. and the rest of the world slowed further in May in a sign of the continuing toll that the coronavirus pandemic was taking on the global economy. Exports from the U.S. fell 4.4% to $144.5 billion, a Commerce Department report showed on Thursday. Imports slipped 0.9% …

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Businesses Hit Hard by Coronavirus Claw Back Jobs

WASHINGTON—The two industries that suffered the most job loss because of the coronavirus pandemic and related shutdowns—hospitality and retail—saw the strongest gains the past two months as the U.S. economic engine restarted. Still, those industries—and employers more broadly—are far from replacing all the jobs lost since February. And bars, restaurants, …

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U.S. Treasury Reaches Loan Agreements With Five Major Airlines

The U.S. Treasury Department finalized terms of loans to five major airlines as part of an aid program to help the industry weather the coronavirus pandemic. The Treasury said that American Airlines Group Inc., Frontier Airlines, Hawaiian Airlines, SkyWest Airlines and Spirit Airlines Inc. had agreed to loan terms and …

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Tesla Quarterly Deliveries Fell Less Than Expected Amid Covid Shutdown

Tesla Inc.’s second-quarter global deliveries fell 4.9% from a year earlier, a much smaller decline than Wall Street had forecast, giving fuel to Chief Executive Elon Musk’s ambitious growth plans despite the coronavirus pandemic and threat of an extended recession. The results may fuel heightened investor expectations for the next …

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Job Market Picture Clouded by Boost in Covid-19 Cases

The U.S. economy likely regained millions of lost jobs in June, though a rise in coronavirus infections in several states could hamper the labor market’s recovery. An increase in the number of employed workers, if reflected in Thursday’s jobs report, would show Americans are slowly getting back to work and …

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Pizza Hut and Wendy's Franchisee NPC Files for Bankruptcy

NPC International Inc., the nation’s largest Pizza Hut and Wendy’s franchisee, filed for bankruptcy Wednesday and will put its burger restaurants up for sale as it continues to hold discussions over the fate of its pizza outlets. The company, which operates more than 1,200 Pizza Hut locations and about 400 …

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