DUBAI (Reuters) – Iranian President Hassan Rouhani threatened a “crushing response” on Wednesday if the United States goes ahead with plans to extend an embargo on Iranian trade of conventional arms, which the United Nations is set to lift later this year. Under Iran’s deal with world powers to accept limits to its nuclear programme […]
The COVID-19 outbreak could be a blip in the road for ride-hailing companies — or the start of an existential crisis. When Lyft Inc. US:LYFT reports results Wednesday afternoon, it will detail a business that’s been virtually ground to a halt since the pandemic forced global lockdowns. There are big questions about how Lyft and […]
S&P Global Ratings revised its outlook on the ratings of 13 U.S. banks to negative from stable and said the coronavirus pandemic will hit hardest those lenders that are most exposed to industries such as commercial real estate and consumer lending that are already being slammed by virus-driven stress. Even with the unprecedented measures being […]
The internet advertising giants mostly say that April was better than March for the online ad market, but none of them seem to know if that trajectory will last deeper into spring. Pinterest Inc. PINS, -2.89% reported better-than-expected first-quarter revenue Tuesday, but costs increased with more users engaging with its scrapbooking and photo-pinning service. The […]
With commerce closed in the real world, money is flowing into virtual worlds instead. The two largest public videogame publishers in the U.S. reported Tuesday the results of millions of Americans retreating into their homes during a shelter-in-place: Booming profit from online activity. Electronic Arts Inc. EA, +2.38% reported record revenue from live services and […]
Dear Moneyist, My ex-husband and I are court-ordered to rotate the years we claim our child’s tax credits, even though my child lives with him for less than half of the year. He doesn’t pay any of our child’s expenses, such as sports and equipment and school lunches. I have to furnish everything for both […]
How a Navy destroyer operating in the Pacific picked up coronavirus cases remains a mystery, but the top defense official said this week that a drug-smuggling vessel could be to blame. The destroyer Kidd became the second deployed Navy warship to head back to port in about a month after dozens of cases of COVID-19, […]
china mask man coronavirus Kevin Frayer/Getty Images According to The New York Times, seven Wuhan residents who weathered the coronavirus outbreak or whose family members had died from the virus were planning to sue the government in order to get some answers on what missteps may have led to the coronavirus pandemic. But lawyers have […]
United Airlines Holdings Inc. expects to shrink its management and administrative ranks by at least 30% starting in October, according to a memo sent to employees Monday, as the coronavirus pandemic wreaks havoc on the airline industry. That amounts to at least 3,450 people — the first indication of how many are likely to lose […]
An annual online giving campaign that raises billions for charities is holding an emergency version of the event to help people suffering as a result of the coronavirus pandemic. Giving Tuesday usually happens on the Tuesday after Thanksgiving, but this Tuesday, May 5, organizers are hosting Giving Tuesday Now “as an emergency response to the […]