Markets

Markets

Shipyard, union are getting back on same page after strike

Months after a bitter strike during a pandemic, Bath Iron Works managers and production workers are starting to get on the same page when it comes to catching up on the production schedule. Machinists Union Local S6 and shipyard managers have been meeting...

Markets

Trump to ban Americans from investing in Chinese companies

President Trump is increasing pressure on China, and this time he's targeting capital markets. On Thursday, Trump signed an executive order banning Americans from investing in a group of Chinese companies his administration says supply and support China’s military. The order blocks American...

Markets

Whole Foods Market opens first permanent online-only store for delivery orders

There’s no salad or coffee bar at the newest Whole Foods Market. The Amazon-owned grocery store chain is officially opening its first permanent online-only store in Brooklyn, New York, to fulfill orders for grocery delivery, Whole Foods officials shared exclusively with USA TODAY Tuesday. Like other retailers’ online-only stores, also known as dark stores, the store will not be open to the public. On-demand grocery shopping for delivery and curbside pickup have grown in popularity in recent months amid the coronavirus pandemic as many shoppers look to make fewer trips into stores. But this new store was already in the works pre-COVID-19, said Nicole Wescoe, Whole Foods president of the Northeast region, in an interview. We started working on this over a year ago and it was really an opportunity for Amazon and Whole Foods Market to come together and create this vision for the future of grocery online,” Wescoe said. The company gave USA TODAY a behind-the-scenes look at the new Broo..

Markets

JPMorgan (JPM) Stock Down 1.16% Now as Company Releases Poor Q1 2020 Earnings Report

The JPMorgan report shows that the coronavirus pandemic is a factor that is strong enough to significantly dent earnings. JPM stock is in the red now. [contfnewc] Figures have started coming, showing an idea of how the years first quarter has been. Because of the coronavirus pandemic, financial markets crashed quite terribly as normal activity ground to a halt. Some of the worlds largest stocks crashed and a lot of wealth owned by the richest people was lost. With all of these losses still in view, JPMorgan Chase & Co (NYSE: JPM), the largest bank in the U.S., has released a report, unsurprisingly disappointing estimates and investors. Meanwhile, the JPM stock price is falling. At the time of writing, the stock is trading at $97.05 (-1.15%). JPMorgans figures showed that the banks earnings were far less than general market estimates. For example, estimates put earnings per share at $1.84, much higher than JPMorgans reported 78 cents. Also, it announced a profit of $2.87 billion, whi..

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