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Xinjiang

Nike and Coca-Cola Lobby Against Xinjiang Forced Labor Bill

Nike and Coca-Cola Lobby Against Xinjiang Forced Labor Bill Via Outkick: The New York Times reports that Apple, Nike, and Coca-Cola are among the many global companies and business groups lobbying Congress to weaken a bipartisan bill that cracks down on human rights abuses and forced labor in China. “The bill also targets so-called poverty alleviation and pairing programs that ship Muslims from impoverished areas to work in factories elsewhere, […]

today12/01/2020 17

Amazon

Amazon Racked Up More Than $4.8 Billion In Sales Over Weekend

Amazon Racked Up More Than $4.8 Billion In Sales Over Weekend Via Reuters: Amazon.com Inc said on Tuesday independent businesses selling on its platform crossed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, an increase of more than 60% from a year earlier. In its first indication of performance for the year's peak online shopping days, Amazon said more than 71,000 small- and medium-sized businesses worldwide had […]

today12/01/2020 6

Coronavirus Concerns

10-year Treasury Yield Rises Despite Lingering Coronavirus Concerns

10-year Treasury Yield Rises Despite Lingering Coronavirus Concerns Via CNBC: Shorter-dated Treasury yields rose even though the surge in coronavirus infections in the U.S. remained a concern, reaching 13,384,650 on Sunday, according to data compiled by Johns Hopkins University. November data from the Chicago purchasing managers’ index is due at 11:45 a.m. ET on Monday, followed by national figures for pending home sales at 12 p.m. ET and the Dallas […]

today11/30/2020 11

HSBC

HSBC considers exit from U.S. retail banking: FT

HSBC considers exit from U.S. retail banking: FT Via Reuters: HSBC Holdings Plc is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday. The bank's senior management aim to present the plan to the board in the coming weeks, the FT reported, citing people familiar with the […]

today11/28/2020 6

Disney

Disney To Lay Off 4,000 More At California, Florida Parks

Disney To Lay Off 4,000 More At California, Florida Parks Via AP News: The Walt Disney Co. announced plans to lay off 4,000 more workers in its theme parks division in California and Florida due to the COVID-19 pandemic’s effect on the industry. The announcement by the company was made in a U.S. Securities and Exchange Commission filing earlier this week, saying 32,000 employees will be terminated in the first […]

today11/27/2020 7

Nasdaq

Wall Street Rises, Nasdaq Hits Record High On Recovery Hopes

Wall Street Rises, Nasdaq Hits Record High On Recovery Hopes Via Reuters:  Wall Street’s main indexes rose and the Nasdaq hit a record high on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections following the Thanksgiving holiday. Sentiment was also lifted by President Donald Trump saying he will leave the White House if the Electoral College votes for President-elect Joe […]

today11/27/2020 2

Restaurant Workers

Restaurant Workers Out Of Work Again As Virus Surges Anew

Restaurant Workers Out Of Work Again As Virus Surges Anew Via AP News: Waiters and bartenders are being thrown out of work — again — as governors and local officials shut down indoor dining and drinking establishments to combat the nationwide surge in coronavirus infections that is overwhelming hospitals and dashing hopes for a quick economic recovery. And the timing, just before the holidays, couldn’t be worse. Restaurant owner Greg […]

today11/25/2020 2

Retailers

Retailers Brace As Virus Bears Down On Consumers And Economy

Retailers Brace As Virus Bears Down On Consumers And Economy Via AP News: LaTonya Story is every retailer’s worst fear. With the viral pandemic re-surging through the country and the economy under threat, Story has decided to slash her holiday shopping budget. She’ll spend less than $2,000 this season, down from several thousand dollars in 2019. Worried about entering stores, she’s buying gifts online and going out only for groceries. […]

today11/23/2020 3

Coronavirus Restrictions

Treasury Yields Slump Amid State Coronavirus Restrictions

Treasury Yields Slump Amid State Coronavirus Restrictions Via CNBC: U.S. Treasury yields fell on Thursday as the country’s death toll from the coronavirus topped 250,000 and states sought to impose restrictions in order to curb the spread of the virus. The yield on the benchmark 10-year Treasury note slipped to 0.849% at 5:22 a.m. ET, while the yield on the 30-year Treasury bond fell to 1.575%. Yields move inversely to […]

today11/19/2020 3

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