by mujair | Jun 5, 2020 | Business & Finance News
The existential question that every big tech platform from Twitter to Google to Facebook has to wrestle with is the same: How responsible should it act for the content that people post? The answer that Silicon Valley has come up with for decades is: Less is more. But...
by mujair | Jun 5, 2020 | Business & Finance News
For some demographic groups, the crisis is deeper. Early job losses were concentrated among low-wage workers in service jobs, many of them black and Latino. The unemployment rate for black workers rose slightly, to 16.8 percent, although mostly because more people...
by mujair | Jun 5, 2020 | Business & Finance News
Landlords say strong companies are taking advantage of the crisis to try to get better deals. Anthony E. Malkin, the chief executive of the Empire State Realty Trust, which owns the Empire State Building, said LVMH had stopped paying rent. “That is a massively...
by mujair | Jun 5, 2020 | Business & Finance News
Documents that detail the company’s “Transformation” proposal, seen by The New York Times, also reveal a negative EBITDA — earnings before interest, taxes, depreciation and amortization — of $69 million for the year, with no return to profit expected until 2022....
by mujair | Jun 5, 2020 | Business & Finance News
U.S. unemployment is expected to be around 20 percent in Friday’s jobs report. The U.S. government’s employment survey for May will be released at 8:30 a.m. Eastern time. The job losses are expected to be far less than those in April — but that is small consolation....
