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Executive Director of the World Health Organization’s (WHO) emergencies program Mike Ryan speaks at a news conference on the novel coronavirus (2019-nCoV) in Geneva, Switzerland. Denis Balibouse | Reuters As the global death toll from the coronavirus approaches 1 million people, it’s “not impossible” to consider that number doubling if countries don’t uniformly work to
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Take a look at some of the biggest movers in the premarket: Costco (COST) – Costco reported quarterly earnings of $3.04 per share, 20 cents a share above estimates. The warehouse retailer’s revenue also beat Wall Street forecasts. Comparable-store sales rose 11.4% compared to the 7.8% consensus estimate of analysts polled by Refinitiv. Costco also
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U.S. President Donald Trump speaks while hosting an event commemorating the repatriation of Native American remains and artifacts from Finland in the Oval Office of the White House in Washington, September 17, 2020. Kevin Lamarque | Reuters President Donald Trump will sign a series of executive orders aimed at protecting people with preexisting conditions and
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A computer-generated image from interiors contractor Portview shows how office space may be segregated as people go back to the workplace after the coronavirus lockdowns are eased. Portview What will the post-Covid workplace look like? Steelcase is one of the largest manufacturers of office furniture — desks, chairs, storage products and office pods — and
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A target store advertises for workers near its entrance in Encinitas, California, May 24, 2019. Mike Blake | Reuters Target said Thursday that holiday hiring will be in line with last year, but it is rethinking its approach to roles for those workers to adapt to  customers’ new shopping habits during the coronavirus pandemic. Twice as
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Economist Stephen Roach warns next year will be brutal for the dollar. Not only does he see growing odds of a double-dip recession, the Yale University senior fellow believes his “seemingly crazed idea” that the dollar would crash shouldn’t be so crazy anymore. “We’ve got data that’s confirmed both the saving and current account dynamic in
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Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Nike‘s quarterly earnings and revenue trounced analysts’ estimates,
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TransferWise co-founders Kristo Käärmann and Taavet Hinrikus. TransferWise LONDON — TransferWise, one of Europe’s most valuable private financial technology firms, just posted its fourth consecutive year of profitability. The online money transfer service said Wednesday that its net profit more than doubled to £21.3 million ($27.1 million) in the fiscal year ending March 2020. Annual
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Erroneous and reversed coronavirus guidance from the nation’s top health agency amid reports of tampering from Trump administration officials is “deeply concerning” and could “ruin the credibility” of the agency, Dr. Scott Gottlieb told CNBC on Tuesday.  On Monday, the U.S. Centers for Disease Control and Prevention said it erroneously posted draft guidance on airborne transmission of
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While the stock market continues to struggle, the dollar is kicking off the week around six-week highs.  However, Brown Brothers Harriman’s Win Thin warns the greenback won’t stay there because the backdrop supports another leg lower. He expects the U.S. Dollar Index  to test Feb. 2018 lows — which would be around the “88 and change”
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TikTok logo displayed on a phone screen is seen with Walmart logo in the background in this illustration photo taken on September 21, 2020. Jakub Porzycki | NurPhoto | Getty Images Brick-and-mortar giant Walmart may seem like an odd match for TikTok, an algorithm-driven social platform known for hosting memes and viral dance challenges. But a
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The World Health Organization warned Friday that the coronavirus is “not going away,” noting that it’s still killing about 50,000 people a week.  “That is not where we want to be,” Dr. Mike Ryan, executive director of the WHO’s health emergencies program, said of Covid-19 deaths during a news conference at the agency’s Geneva headquarters.
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A store displays a sign before closing down permanently in Arlington, Virginia. OLIVIER DOULIERY/AFP via Getty Images States are poised to raise taxes on businesses starting next year and cut jobless benefits for workers as the coronavirus-fueled downturn continues to stress unemployment systems around the country. Industries like bars and restaurants that were hit hardest
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