Walgreens to restore standard operating hours at most U.S. stores
Drugstore chain Walgreens Boots Alliance Inc said it would resume standard operating hours at most of its stores across the United States, beginning Tuesday.
Fed’s Evans says ‘reasonable’ to expect U.S. growth in second half of 2020
Chicago Federal Reserve President Charles Evans said on Tuesday it’s “reasonable” to expect the U.S. economy to return to growth in the second half of the year, but that such an outcome is only slightly more likely than other, more pessimistic views.
U.S. trade deficit widens, services sector contracts amid coronavirus
The U.S. trade deficit increased by the most in more than a year in March as a record drop in exports offset a shrinking import bill, suggesting the novel coronavirus outbreak was upending the global flow of goods and services.
Lufthansa to pay no dividend for 2019 as airline seeks bailout
Lufthansa shareholders on Tuesday agreed to not distribute 298 million euros ($323 million) in retained profits as a dividend for 2019, as the airline enters the final stretch of negotiations for a 10 billion euro bailout.
Oil surge lifts global stocks out of three-day losing streak
A gauge of global stock markets rose on Tuesday, snapping a three-day losing streak, while oil prices soared as investors shrugged off grim economic data on hopes the easing of coronavirus lockdowns will jump start economies and revive fuel demand.
Impossible Foods to sell plant-based burgers in Kroger’s 1,700 stores
Plant-based meat maker Impossible Foods will start selling its flagship burgers in supermarket chain Kroger Co’s 1,700 stores in the United States, as it taps growing demand for vegan alternatives among home chefs.
Wendy’s menu runs short as virus hits U.S. beef supplies
Wendy’s Co said on Tuesday its restaurants may face a shortage of many menu items, including hamburgers, as beef processors in the United States struggle to keep their plants open amid the COVID-19 pandemic.
U.S. household debt reached $14.3 trillion, credit standards tightened in first quarter
American households added $155 billion of debt in the first quarter and overall debt levels rose to a new record at $14.30 trillion, the Federal Reserve Bank of New York said on Tuesday in a report that provides a snapshot of where household balance sh…
Thomson Reuters cuts sales outlook, narrowly misses earnings estimates
Thomson Reuters cut its full-year sales outlook due to disruption to the global economy from the coronavirus crisis on Tuesday as it reported higher quarterly sales and earnings which fell slightly short of Wall Street estimates.
White House adviser expects U.S. unemployment rate for April to be ‘north of 16%’
White House economic adviser Kevin Hassett on Tuesday said he expects the U.S. unemployment rate was above 16% in April, as the coronavirus pandemic began to devastate the country’s economy.
