by Jim Heath | Mar 27, 2020 | coronavirus, Economy, Entertainment, Headlines, Health
Disneyland and Walt Disney World will remain closed indefinitely. The California and Florida theme parks were set to reopen next Wednesday, but will remain closed until further notice due to the coronavirus pandemic, the Walt Disney Co. said Friday. “While there...
by Jim Heath | Mar 23, 2020 | coronavirus, Economy, Entertainment, Headlines, Health
Hollywood’s theater owners, film distribution executives, analysts and writers who pore over the numbers each week are reckoning with a full stop. As of last Friday — and for the first time in the 100-plus year history of the motion picture business — virtually...
by Jim Heath | Mar 20, 2020 | coronavirus, Economy, Headlines
Goldman Sachs has issued a grim forecast, predicting that U.S. gross domestic product will plummet by 24 percent in the second quarter of this year, by far the largest drop since detailed records have been kept. The investment banking giant issued its revised forecast...
by Jim Heath | Mar 19, 2020 | coronavirus, Economy, Headlines, Health
American Airlines has taken out a $1 billion loan and slashed 55,000 flights for April as the company president warned staff ‘we are in the fight of our lives’ amid the coronavirus pandemic. The airline has taken out the loan ‘to strengthen our...
by Jim Heath | Mar 16, 2020 | coronavirus, Economy, Headlines, Health
The U.S. stock market today plunged 12 percent for its worst day in more than three decades as voices from Wall Street to the White House said the coronavirus is likely dragging the economy into a recession. The S&P 500’s drop means it has plummeted nearly...
by Jim Heath | Mar 15, 2020 | coronavirus, Economy, Headlines, Health
The Federal Reserve announced today it would drop interest rates to zero and buy at least $700 billion in government and mortgage-related bonds as part of a wide-ranging emergency action to protect the economy from the impact of the coronavirus outbreak. The moves,...
