Sunday, May 31, 2020
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AT&T CEO Randall Stephenson announced his retirement on Friday April 24, effective July 1, 2020. “After serving 13 years as AT&T’s Chairman and CEO, Randall Stephenson, 60, will retire as CEO but will serve as Executive Chairman of the Board of Directors until January 2021 to ensure a smooth leadership transition”, the company posted on its website. “The AT&T Inc.* (NYSE:T) Board...
Harvard University said on Wednesday it will not take the $8.6 million stimulus allocation offered to them as part of the massive $2.2 trillion CARES Act, approved by U.S congress to ease the financial burden of many of America’s businesses in the wave of the coronavirus pandemic. In a statement, the school said; “We are also concerned, however, that the intense...
After a critical small-business loans program ran out of money last Thursday, many people have continued to wonder why the $349 billion depleted so quickly. The U.S Congress approved the first-come-first-served Paycheck Protection Program (PPP) in March as part of the massive $2.2 trillion CARES Act, which at the time promised to ease some of the financial burden for many of...
As several countries of the world continue to battle coronavirus pandemic, 15 countries have not reported any COVID-19 case. The deadly virus which reportedly started in Wuhan China, has spread to 210 countries and territories around the world, and killed thousands of people. The following countries have no single case reported so far: Read on through this link https://www.mazechmedia.com/2020/04/these-15-countries-have-zero-coronavirus-cases-since-the-outbreak/
As fear and anxiety continue to grow over coronavirus, some U.S. life insurers are deciding not to gamble on older Americans by temporarily suspending applications from certain age groups or imposing tougher requirements, Reuters reported. Prudential Financial Inc <PRU.N>, Lincoln National Corp <LNC.N> and Protective Insurance Corp <PTVCB.O> are among the insurers that have made changes. Prudential and Protective are...
A record 22 million Americans who lost their jobs have filed for unemployment benefits in 4 weeks, wiping out a decade of job gains as the nation grapples with the unprecedented shutdown of the U.S. economy to contain the coronavirus. Just last week alone, 5.2 million Americans filed for unemployment. That number is down from the revised 6.6 million in...
The United States is already in a recession and will remain that way for the first half of the year, according to a National Association for Business Economics survey. The 45 economists surveyed by NABE expect the economy to shrink by a 26.5% rate in the second quarter, after a 2.4% decline in GDP in the first quarter. In the...
The coronavirus-induced lockdown will cause bankruptcies to surge in the coming months, economists have warned. U.S Federal Reserve researchers predict the number of virus-related bankruptcies could jump by 200,000 to nearly 1 million unless government programs help stem the tide, Bloomberg Law reported. Bankruptcy expert Edward Altman reportedly expects the dollar value of bankruptcies to set a new record amid the pandemic...
Most of coronavirus patients who end up on ventilators go on to die, according to several small studies from the U.S., China and Europe. And many of the patients who continue to live can't be taken off the mechanical breathing machines. "It's very concerning to see how many patients who require ventilation do not make it out of the hospital," says Dr....
The pound fell against the dollar and euro on Monday after British Prime Minister Boris Johnson was admitted to hospital for tests after showing persistent symptoms of the coronavirus. “When a head of state or government is stricken like this, it will cause concern for holders of sterling and sterling assets,” said Foreign currency expert, Masafumi Yamamoto. The pound fell 0.44%...

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