Markets
Instacart shoppers to strike for better protection against coronavirus
Instacart is one of several companies delivering essentials to households and now expanding rapidly at a time when much of the American economy is at risk of contracting. "The health and safety of our entire community - shoppers, customers, and employees - is our first priority", an Instacart spokesperson said in a statement to TechCrunch. [Full Article...]
Texas Roadhouse CEO giving up base salary, bonus to pay 'frontline' employees
Kent Taylor, the chief executive officer of Texas Roadhouse , is giving up his base salary and incentive bonus to pay hourly restaurant employees, according to FSR Magazine. In a report by MarketWatch on Wednesday, W. Kent Taylor agreed to forgo his base salary and bonus between March 18 and January 7 of next year. Taylor also recently donated $5 million to a company charitable fund called An... [Full Article...]
Slack is working on a way to call Microsoft Teams users
Slack saw its concurrent user figure reach 12.5 million yesterday, breaking its record as millions turn to working from home. While the statement from Butterfield shows Slack's intention to ditch the rivalry for mutual growth and helping as many users as possible during this crisis, there is no word on how the said Teams integration would work . [Full Article...]
Kings County confirms its first case of coronavirus. Patient is quarantined
Many people aren't being tested. The University of Puget Sound on Thursday announced "two self-reports from campus community members of confirmed cases of COVID-19". The person may be homeless or medical professionals may not have entered the person's county of residence into the state's electronic database, health officials have previously said. [Full Article...]
USA stocks fall, snapping three-day winning streak
It passed the US House of Representatives on Friday afternoon and US President Donald Trump signed it later in the day. After the White House and Senators agreed on a deal to aid businesses and millions of Americans hit by the health crisis, futures briefly surged but soon reversed course as traders said much of the stimulus had been priced into financial markets. [Full Article...]
Canada to cover up to 75 percent of salaries for businesses
However, closing the borders within Canada hasn't been ruled out. Trudeau didn't elaborate on how transport workers would screen passengers, only saying it would be the responsibility of airlines and train companies. "And I am happy to continue to do this". His wife, Sophie Grégoire Trudeau, received a positive COVID-19 test result earlier this month following a visit to London. [Full Article...]
Dow Has Biggest Rally Since 1933, Surging 11.4% On Stimulus Hopes
Investors had been jittery leading up to the release of the latest unemployment benefits data, unsure of how severely the coronavirus pandemic had ripped through the USA labor force. It would flood the country with cash in an effort to stem the crushing economic impact of an intensifying pandemic that has killed about 1,000 and infected almost 70,000 people in the United States. [Full Article...]
Covid-19: Tesla & SpaceX to mobilise medical resources
The growth comes after Tesla moved gradually to stop production at its San Francisco Bay Area Plant at Fremont , continuing manufacturing days following local governments informed the firm that it was not an important company and had to abide by stay-at-home rules that now cover most of California. [Full Article...]