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Honda Will Briefly Idle Its North American Factories Amid Coronavirus Epidemic
Honda Motor (NYSE: HMC) said Tuesday that it will suspend production at its North American factories for six days in an effort to adjust to an expected drop in demand amid the COVID-19 pandemic.
Best Buy Sees a Coronavirus Sales Spike
With workers being forced to work from home due to coronavirus, Best Buy (NYSE: BBY) has seen a spike in sales, according to the Star Tribune.
The sales increase has been driven by people buying
Is This the Most Undervalued Cannabis Stock?
The cannabis industry is projected to grow rapidly over the next few years, but companies looking to profit from this trend have several headwinds to deal with. One of these issues is the fact that
What's Really Holding Virtual Reality Back?
It's been nearly four years since HTC and Facebook's (NASDAQ: FB) Oculus launched this generation of virtual reality (VR) with the Vive and Rift headsets, respectively. They were supposed to be
Fox Corp Will Acquire Tubi to Enter the Streaming Wars
Broadcast news and entertainment giant Fox Corporation (NASDAQ: FOX) (NASDAQ: FOXA), announced late Tuesday that it would acquire free, ad-supported streaming service Tubi for $440 million in cash
Should You Buy Bitcoin Right Now?
It seems that every time Bitcoin seems like it could break out toward new highs, its price comes plunging back down.
After surging earlier this year, Bitcoin's price is now down approximately 50%
Casinos Threatened as China Bans Tourism After Coronavirus Reappears
After two new confirmed cases of COVID-19 in the region, Macau has increased its border restrictions, barring visitors from all nations except mainland China, Hong Kong, and Taiwan from entering.
HEXO Delays Release of Quarterly Report... Again
Investors will have to wait longer than anticipated for HEXO's (NYSE: HEXO) latest quarterly results. The cannabis company announced Tuesday that it failed to file crucial components of its fiscal
Ulta Beauty Breaks Down a Strong Fourth Quarter
Ulta Beauty (NASDAQ: ULTA) recently announced fourth-quarter earnings results that ended its fiscal year on a positive note. Sales growth sped up during the holiday shopping period despite the weak
Social Security Offices Are Closed Because of Coronavirus
COVID-19 has been wreaking havoc on American life for a couple of weeks now, with its most extreme impacts being felt in the past few days. With cases now present in all 50 states, we're seeing mass
Labor Leaders: U.S. Auto Factories Will Stay Open -- for Now
The United Auto Workers (UAW) labor union says that it has reached a deal with the Detroit automakers that will keep U.S. auto factories open and running, at least for now.
The statement came after
A Shift Towards At-Home Eating Lifts General Mills' Outlook
The business impact of the novel coronavirus outbreak isn't completely negative. On Wednesday, General Mills (NYSE: GIS) announced earnings results that, while showing pressure on parts of its
T-Mobile Closing Most, Not All of Its Stores
During this unprecedented period of social distancing, smartphones have become a lifeline for many people. With so many families no longer having a landline, smartphones are some people's strongest
ConocoPhillips Trims Capital Spending, Slows Its Share Repurchase Pace
ConocoPhillips (NYSE: COP) announced that it would reduce its capital spending plan as well as its share repurchase activities in response to the recent plunge in crude oil prices. The company
JetBlue to Cut Flights, Exec Pay, As Coronavirus Woes Deepen
JetBlue Airways (NASDAQ: JBLU) said Wednesday it intends to cut April and May capacity by at least 40% and is seeking to delay new plane deliveries, the latest airline to cut as the industry attempt
Why Shares of Boeing Are Falling Today
Shares of Boeing (NYSE: BA) continued their downward spiral on Wednesday, trading down more than 19% at the opening. The company faces serious questions about its liquidity and demand for new
Kroger Is Hiring to Meet High Coronavirus Demand
Consumer staples stocks have held up better than most during the recent market sell-off, and Kroger (NYSE: KR) is no exception. On Tuesday, CEO Rodney McMullen told CNBC the grocery chain has hired
FDIC Wants to Make New Rules for Fintechs
The Federal Deposit Insurance Corporation, which insures U.S. banks, is trying to create a new framework for industrial banks, according to The Wall Street Journal.
The way it works now, the FDIC
Gap Temporarily Closes All U.S. Stores Effective March 19
Gap (NYSE: GPS) this week joined many of its retailing peers in announcing widespread store closures tied to the COVID-19 outbreak in parts of the United States.
Starting on March 19, the apparel
Not Ready to Retire? 6 Ways Retirees Can Keep Earning
Retirement is hard enough to plan for without a global pandemic in play. But now that the COVID-19 disease is wreaking havoc on lives, economies, and retirement accounts, your original plan for your
3 High-Yield Stocks at Rock-Bottom Prices
Thanks to the 2020 stock market crash fueled by issues like the novel coronavirus pandemic and an oil price war, it's easy to find quality businesses trading well below their 52-week highs. But
Acreage Holdings Makes First Drawdown of Credit Facility
Acreage Holdings (OTC: ACRGF) announced Tuesday that it is tapping into a recently created credit facility, drawing it down in the amount of $21 million. Of that amount, Acreage's net proceeds will
NIO's Fourth-Quarter Loss Narrowed, but the Outlook Is Mixed
Chinese electric-vehicle maker NIO (NYSE: NIO) reported an operating loss of $406 million for the fourth quarter of 2019, an improvement from its $509.5 million loss in the year-ago period, as its
Amazon Is Hiring 100,000 Workers as Coronavirus Boosts E-Commerce
With people being urged to stay at home as much as possible during the novel coronavirus pandemic, Amazon.com (NASDAQ: AMZN) has become an inadvertent beneficiary as e-commerce activity and online
Whole Foods Opening Early for Seniors Due to Coronavirus
Amazon.com's (NASDAQ: AMZN) Whole Foods has become the latest retailer to offer older customers a chance to shop before their stores open to the general public. The chain is doing this specifically


