Ridesharing and food delivery giant Uber is reportedly in negotiations to purchase Grubhub, a rival food delivery service, in an all-stock deal. This acquisition comes amid coronavirus-related shutdowns that have all but halted Uber’s ridesharing service while aggressively bolstering demand for at-home food delivery.
This Monday, Tesla CEO Elon Musk tweeted that the California Tesla factory had restarted operations, in violation of local shelter-in-place measures. Musk has stated that he will be on the premises and requested that he and not his employees be arrested if such enforcement is necessary. Earlier...
Electric car giant Tesla has seen its stock increase in value by almost 90% since the beginning of the year. While shares hit a low on March 18th, bottoming out at $361.22, it has quickly rebounded to $781.88 as of April 30th. But Tesla's success is unique...
Investor extraordinaire Warren Buffett sent shockwaves through the business world on Monday when he announced he would withdraw all investments from the struggling airline industry. While traders betting against airlines made a killing, others warn that Buffett may have made a severe mistake. Selloff...
In the last week global retail giant Amazon has battled tough headlines about COVID-19 outbreaks in multiple warehouses and the public uproar over the firing of several employees whom many view as whistleblowers. Now, nine Democratic senators, including several former presidential candidates, have signed...
During the first quarter of 2020, the US economy contracted by 4.8 percent on an annualized basis, the worst contraction since 2008. In total, 30 million Americans have filed for unemployment in the US over the past six months, a rate comparable to Great Depression levels....
On Sunday, the world's top oil producing nations agreed to cut oil production by around 10 percent, which puts them in line with the dramatic decline in demand caused by the Covid-19 pandemic. Orders to stay at home and to avoid travel have devastated oil markets. Nations...
Retailers across the country have been hit by lockdowns, forcing them to find new ways to stay relevant and operational in the age of COVID-19. While many restaurants have stayed afloat through delivery service, retailers are now wondering how they can weather the pandemic as well. Here...
President Trump has said that the cure shouldn't be worse than the disease. In other words, sacrificing the economy through social distancing could end up harming more people than the virus itself. Trump said he wanted to see churches packed all across the country for Easter celebrations....
The COVID-19 pandemic has ground the American economy to a halt. Lockdowns, which are necessary for slowing the spread of the coronavirus, have put millions of people and small-businesses out of work. To address this issue, the U.S. government passed the CARES Act, which supplied eligible Americans...
error: Alert: Content is protected !!