Facebook CFO David Wehner said Wednesday that while the company has seen its advertising revenue start to stabilize amid the Covid-19 pandemic, it could be in for another drop and that “the outlook is really uncertain.” Facebook shares soared more than 10% in after-hours trading
About 61% of Americans say they have been financially impacted by Covid-19, according to a recent TransUnion poll. While that may look different household to household — about 45% say either they or their partner lost their job, while 37% say their hours at work
President Donald Trump said he wants the Food and Drug Administration to move “as quickly as they can” to approve Gilead Sciences’ antiviral drug remdesivir as a treatment for the coronavirus. “We would like to see very quick approvals, especially with things that work,” he
As millions of would-be travelers stay home because of the coronavirus pandemic, one airline has found an eager customer: Amazon. Sun Country Airlines, an Apollo Global Management-owned carrier, struck a deal last December to start flying 10 Boeing 737 freighters for the online retailer. Minneapolis-based
FedEx, citing the devastating impact of Covid-19, requested that its rent be cut in half at some FedEx Office locations for three months, a move sharply criticized by one landlord. “This unprecedented crisis impacted our business in March and will continue to do so in
Facebook CEO Mark Zuckerberg warned Wednesday that reopening public spaces too soon “almost guarantees” continued coronavirus outbreaks and economic fallout. “While there are massive societal costs from the current shelter-in-place restrictions, I worry that reopening certain places too quickly before inaction rates have been reduced
When Tesla unveiled the Semi to great fanfare in Nov. 2017, CEO Elon Musk said the battery-electric class 8 trucks would be delivered to customers in 2019. In months that followed, Tesla took pre-orders for the Semi, which initially required a $5,000 deposit. Later, Tesla
A college basketball star who had declared for the NBA draft this month has been arrested on suspicion of murder and other crimes in Georgia, jail records show. Teshaun Hightower, 22, a guard for Tulane University in New Orleans, was taken into custody in Henry