Month: October 2020

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Doordash partners with Sam’s Club on same-day prescription deliveries

Sign reading We Deliver With Doordash, referencing the Doordash food delivery service, San Ramon, California, September 12, 2020. Smith Collection/Gado | Archive Photos | Getty Images DoorDash announced Friday it is launching a partnership with Sam’s Club to provide same-day prescription delivery service to patients across the U.S. The deal involves 500 Sam’s Club locations …

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Leaving New York: High earners in finance and tech explain why they left the ‘world’s greatest city’

Brenan Hefner, co-founder and chief operating officer of Analyst Hub, and his family outside of their former home in Pelham, NY. Source: Brian Hefner Like many before him, Brenan Hefner arrived in New York 20 years ago in search of a career on Wall Street. His journey will sound familiar to those drawn to the …

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Activist tries to shore up support for CEO attempting to turn around troubled coal company

Monty Rakusen | Cultura | Getty Images Company: Contura Energy, Inc. (CTRA) Business: Contura is large scale provider of metallurgical (“met”) and thermal coal. The company has mining operations across coal basins in Pennsylvania, Virginia and West Virginia. It supplies both metallurgical coal to produce steel and thermal coal to generate power. The met coal …

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Wondering what to do with your investments if Trump or Biden wins? Try nothing, experts say

US President Donald Trump and Democratic presidential candidate and former US Vice President Joe Biden are seen during the final presidential debate. (Photo Illustration by Pavlo Conchar/SOPA Images/LightRocket via Getty Images) SOPA Images | LightRocket | Getty Images Tuesday’s presidential election has been described as the most important in U.S. history. Investors may be wondering: …

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6 ways small businesses can boost holiday sales in 2020 amid the pandemic

Source: Twenty20 Unlike most retailers, which see a sales peak over the winter holidays, revenue at Potomac River Running, a chain of 10 specialty running stores in Washington, D.C., and Virginia, is highest during the spring and summer. But this year, coronavirus shutdowns hit the stores hard, with fewer runners training for big races, fewer …

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U.S. reports record 88,521 new Covid cases as scientists warn of ‘exponential growth’

Certified nursing assistant (CNA) Shameka Johnson, wearing NFL Green Bay Packers apparel, processes a nasal swab at a drive-thru testing site outside the Southside Health Center as the coronavirus disease (COVID-19) outbreak continues in Milwaukee, Wisconsin, October 21, 2020. Bing Guan | Reuters The United States reported a record 88,521 new coronavirus cases on Thursday …

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Chevron revenue plummets more than 30% in the third quarter as Covid slams demand

Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC Chevron reported its second straight quarter of losses on Friday after revenue during the third quarter fell 32% year over year as Covid-19 continues to hammer the industry. Amid declining oil prices Chevron said it implemented aggressive cost-cutting measures. The oil giant lost $207 million during …

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Older workers are struggling to find jobs amid the coronavirus pandemic

People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, June 18, 2020. Bryan Woolston | Reuters You would think having decades of experience should help in a job search. Yet it’s holding many older unemployed workers back during the coronavirus pandemic. Harry Hache, 59, was …

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Tech stocks suffer a big sell-off after earnings fail to impress Wall Street

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Shares of Twitter, Facebook, Apple and Amazon remained down in premarket trading Friday after the companies released quarterly reports that failed to wow Wall Street. Here’s what’s …

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The Fed could face more pressure to act: ‘They don’t have the luxury of time anymore’

Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images With inflation still elusive and a host of questions surrounding an economy that just set a single-quarter record for growth, the Federal Reserve faces a choice of whether to wait for …

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Private jet traffic to the Hamptons and Aspen is booming as the rich flee big cities

Getty Images The coronavirus pandemic is redrawing the flight patterns of America’s private jets, as airports in resort towns see big jumps in traffic while flights near cities decline, according to a new report. Private jet flights at Francis S. Gabreski Airport in Westhampton, New York, surged 172% in October, according to data from Tuvoli, …

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‘Stay invested’ — Raymond James CEO says don’t run from the market despite Covid fears

Raymond James CEO Paul Reilly told CNBC on Friday that long-term investors should not be scared away from equity markets, despite the rise in coronavirus cases and other risk factors that weighed on Wall Street in October. “The important message is stay invested,” Reilly said on “Power Lunch.” “If you’re afraid of some segments, that’s …

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Here’s what a Trump or Biden plan will mean to student loan borrowers

U.S. President Donald Trump and Democratic presidential candidate former Vice President Joe Biden answer a question during the second and final presidential debate at the Curb Event Center at Belmont University in Nashville, Tennessee, October 22, 2020. Morry Gash | Pool | Reuters During the pandemic, federal student loan borrowers have been given a break …

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Restaurants see a new wave of coronavirus restrictions as U.S. cases hit record high

Restaurants are facing a new wave of restrictions, posing yet another obstacle in their attempts to stay afloat and recover from the coronavirus pandemic. New daily Covid-19 cases in the United States hit a record high of 88,521 on Thursday, according CNBC analysis of data from Johns Hopkins University. “We’re starting to find ourselves on …

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Big Tech earnings showed digital ad revenue came roaring back

Facebook, Google and Twitter logos are seen in this combination photo from Reuters. REUTERS Big Tech’s third-quarter earnings showed digital ad revenue came roaring back in recent months, and suggested some of the digital ad trends tied to the explosion of e-commerce could be here to stay.  Alphabet, Facebook, Twitter and Amazon, which reported earnings …

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