Frankfurt airport operator Fraport AG has put 18,000 of its 22,000 employees on shortened schedules, saying that “traffic has come almost to a halt.” Wages will be partly covered by the German government’s short-work policy. The company said it would add paym…
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Month: March 2020
Business Fallout: United warns of layoffs, Target raises pay – WHSV
Less than three months ago came the first reports of cases of pneumonia related to a virus first detected in Wuhan, China. The outbreak of the virus that causes COVID-19 has caused unprecedented disruptions that have brought an unparalleled shock to the globa…
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Dow Jones Goes Red; Stocks Fall As Coronavirus Sends New York Into Lockdown – Investor’s Business Daily
The Dow Jones Industrial Average reversed lower at midday, along with the other key market indexes, as coronavirus continued to paralyze major cities. XThe Nasdaq fell 0.3%, the Dow Jones industrials shed 1.1% and the S&P 500 tumbled 1.3%. Small caps tra…
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Understanding Why The Stock Markets Are So Volatile
By David Baskin After 28 years making my living in the capital markets, it takes something really unusual to shock me. Let me say that it is not the sharp price drops, as unpleasant as they have been, that have been the big surprise in this market correction…
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Tesla: Sub $35,000 Model 3 Here
Right now, most investors watching electric vehicle maker Tesla (TSLA) to see what the impact of its temporary production shutdown is. As the stock is also dropping on worries that global sales will be severely impacted this year by the virus and resulting gl…
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