Coca-Cola CEO James Quincey delivered a grim forecast for the global economy’s recovery from the impact of the coronavirus pandemic on Wednesday.  “The economic impact of the lockdown is just starting to begin,” Quincey said on CNBC’s “Squawk Box.” In the United States, more than 36 million Americans have applied for unemployment benefits since the coronavirus
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A pedestrian walks past a Target store in Chicago, Illinois. Scott Olson | Getty Images Target will report its first-quarter earnings Wednesday before the bell. The big-box retailer’s stores have remained open across the country during the coronavirus pandemic, but the crisis has cut into its profits as Target’s labor expenses jumped and sales of
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Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive of Ola, shared the job
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President Donald Trump tours a Honeywell International Inc. factory producing N95 masks during his first trip since widespread COVID-19 related lockdowns went into effect May 5, 2020, in Phoenix, Arizona. Brendan Smialowski | AFP | Getty Images Ford Motor Company said Tuesday that it has told the White House that President Donald Trump and other people with
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Exclusive Jason Wahler is lending a helping hand to grief-stricken families amid the COVID-19 crisis with something that goes a long way these days during quarantine … free therapy. The ‘Hills’ star has teamed up with singer Hilary Roberts and her organization, Red Songbird Foundation, to launch a campaign called #GiveGriefAChance just earlier this month,
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The best thing about beards, foamy-moustache funtimes aside, is their impermanence. Maybe you’ll grow one and forever shall it remain. Perhaps you’ll sample stubble and then go running for the razor. Either way, it’s a switch-up to your style that’s intrinsically transient. No two days of bearding are ever the same. It’s perpetually changing. And
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Pedestrians pass in front of an Urban Outfitters store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Urban Outfitters — The clothing retailer’s stock tumbled 5% in extended trading after the company released its first-quarter financial results. Urban Outfitters reported a loss of $1.41 per share on
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Electric Lit is committed to publishing—and paying writers—through the pandemic without any layoffs or pay cuts. Please consider supporting us during this difficult time. Donate here. . After weeks of living under a lockdown meant to curb the spread of COVID-19, many of us are complaining we’re losing our grip on reality. What we really mean
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