Connect with us

Business

Fed’s Bostic on why the South has the lowest unemployment rate in the country – MarketWatch

‘The virus came to us after it had been to California, the West Coast and New York,’ Bostic said. That bought the region more time to prepare for its arrival.

Published

on

post featured image
ADVERTISEMENT

The Southern region of the U.S. is currently experiencing the lowest unemployment rate in the country of 6.9%.Notably many Southern states including Georgia and Florida were among the first to reopen parts of their economies while business lockdowns were in place in many parts of the country to curb the spread of coronavirus. Thats not the reason why the unemployment rate in the region is so low compared to the Northeast where the rate is three percentage points higher as of August, said Atlanta…

Click here to view the original article.

Business

Can Gap Escape the Whirlwind? New CEO Confronts Years of Decline – The Wall Street Journal

Sonia Syngal is plotting a future of fewer stores and more fashion risks to revive the company’s namesake brand

Published

on

post featured image
ADVERTISEMENT

In late March, Gap Inc., the perennially struggling retailer, temporarily closed all its North American stores in response to the Covid-19 lockdown and lost 70% of its revenue overnight.
Four days later, Sonia Syngal took over as CEO.
The pandemic has washed out many companies that were already on shaky ground, especially in retailing. J.Crew…

Click here to view the original article.

Continue Reading

Business

Stocks making the biggest moves midday: Hasbro, Dunkin’ Brands, AstraZeneca, Delta & more – CNBC

Hasbro shares fell after the company reported mixed results for the previous quarter. Dunkin’ Brands jumps on news it may go private.

Published

on

post featured image
ADVERTISEMENT

Check out the companies making headlines midday Monday:
Dunkin’ Brands Shares of the restaurant chain spiked more than 15% after the company said it held preliminary talks regarding its potential acquisition by Inspire Brands, although the company said there’s “no certainty that any agreement will be reached.” The New York Times reported that the deal could value the restaurant chain at nearly $9 billion.
SAP SAP plunged more than 23% for its worst trading day in at least 12 years after Europe’s…

Click here to view the original article.

Continue Reading

Business

Tesla ships out first 7,000 made-in-China Model 3 cars to Europe – Electrek

Tesla is currently shipping out the first 7,000 made-in-China Model 3 cars to Europe — the first Tesla vehicles exported from China. As we previously reported,…

Published

on

post featured image
ADVERTISEMENT

Tesla is currently shipping out the first 7,000 made-in-China Model 3 cars to Europe the first Tesla vehicles exported from China.
As we previously reported, when Tesla first announced plans to build vehicles in China, it said that it would be to supply domestic demand in the country.
Last month, reports coming out of China indicated that Tesla changed its mind and was now planning to start exporting made-in-China Model 3 vehicles to other markets.
This was confirmed earlier this month when Tesla…

Click here to view the original article.

Continue Reading

Trending

You might also like ...

post featured image
Carnival, Royal Caribbean, and Norwegian Cruise Line Have a Lot to Prove This Week – Motley Fool
post featured image
Amazon to build new Fort Wayne warehouse – WANE
post featured image
As US hits highest 7-day average for virus cases, these states are hardest hit – WJW FOX 8 News Cleveland