JPMorgan Chase & Co. (NYSE: JPM) reported third-quarter 2020 results before markets opened Tuesday. The investment bank and financial services giant posted diluted earnings per share (EPS) of $2.92 on managed (adjusted) revenue of $29.94 billion. In the same period a year ago, the big bank said it had EPS […]
Losses
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Alteryx, Inc. of Class Action
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Alteryx, Inc. of Class Action Lawsuit and Upcoming Deadline – AYX NEW YORK, Oct. 12, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Alteryx, Inc. (“Alteryx” or the “Company”) (NYSE: […]
UK job losses rise at record rate in 3 months to August
UK job losses rose at a record rate in the three months to August, even as more furloughed employees returned to work and some companies began hiring, official data showed on Tuesday. The Office for National Statistics said the number of redundancies increased by 114,000 on the quarter, the biggest […]
Museum of London consulting staff over proposed job losses
The Museum of London has started consulting staff over proposed job losses in response to the financial impact caused by the coronavirus crisis. © Provided by Evening Standard The museum said it wanted to ensure the future sustainability and efficiency of the organisation. Its director, Sharon Ament, said: “It is […]
U.S. railroad Amtrak warns of 2,400 additional job losses without new bailout
By David Shepardson © Reuters/Shannon Stapleton FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Bakersfield, California (Reuters) – U.S. government-supported passenger railroad Amtrak said on Thursday that without a new government bailout it could be forced to cut more spending and train services which could lead to the loss […]
The IMF wants new rules to help women who are disproportionately impacted by virus job losses
Data shows a more significant drop off for women than men when comparing their movements in the 30 days prior and 30 days after the imposition of virus lockdowns. The Fund warned back in July that in the U.S., about 54% of female workers are employed in sectors that cannot […]
Tucson dive bar known for branding its customers closes, citing COVID-19 losses | Business News
Jim Anderson, owner of the Meet Rack, 210 W. Drachman St., in 2007 with his trademark staff and vehicle license plate, which reads “GOD.” Every morning for years, Jim Anderson could be seen running […]
Where the job losses are in the Capital Region
ALBANY —Hotels, restaurants and entertainment venues have shed thousands of jobs in the Capital Region in the wake of a pandemic that has hobbled the local and national economy. Dave & Buster’s, the sports bar, restaurant and gaming arcade, is the latest to feel the impact, warning on Thursday of […]
Jobs with biggest recoveries or losses since the start of pandemic
The US economy seems to be in a “K-shaped” recovery, where recovery is unequal among earners and job sectors. For instance, US Chamber of Commerce President Suzanne Clark, wrote in a post that financial services has mainly recovered, while the leisure industry has only brought back about 74% of its […]
Gov. Newsom signs insurance bill providing quicker payments for wildfire losses
Wildfire victims who lose their home and possessions will be able to recoup money for their expenses faster, thanks to legislation that makes property insurance benefits easier to collect. Gov. Gavin Newsom signed Senate Bill 872 into law Thursday, providing a suite of insurance protections and streamlined claims processing to […]
UK events industry warns of 90,000 COVID job losses
LONDON, Oct 2 (Reuters) – Britain’s events industry warned Prime Minister Boris Johnson on Friday that more than 90,000 people in the exhibitions sector would be made redundant in the coming weeks unless he offered more support to replace a government job furlough scheme. Under rules designed to stop a […]
Brent pares losses, U.S. crude up on stimulus hopes
NEW YORK (Reuters) – Global benchmark Brent crude pared losses Wednesday and the U.S. crude price rose on hopes that a U.S. economic stimulus deal would support the market, even as concerns about the coronavirus pandemic continued to loom over demand forecasts. U.S. House of Representatives Speaker Nancy Pelosi and […]
California wildfires: What you need to know about insurance for your losses
As still more wildfires rage through the Bay Area, many people are wondering how to handle the practicalities if they must evacuate — or worse yet, if their home is lost or damaged. Here are answers to common questions about insurance, money and real estate. Q: I had to evacuate […]
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Nano-X Imaging Ltd. of Class
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Nano-X Imaging Ltd. of Class Action Lawsuit and Upcoming Deadline – NNOX NEW YORK, Sept. 26, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Nano-X Imaging Ltd. (“Nano-X” or […]
Universal Insurance Holdings Announces Third Quarter-to-Date Estimated Catastrophe Losses
Universal Insurance Holdings Announces Third Quarter-to-Date Estimated Catastrophe Losses Business Wire FORT LAUDERDALE, Fla. — September 23, 2020 Universal Insurance Holdings (NYSE: UVE) (the “Company”) today announced third quarter-to-date estimated catastrophe losses resulting in full retention events for Hurricane Isaias ($15 million, pre-tax, Other States program) and Hurricane Sally ($43 […]
Companies say insurance companies are stiffing them over coronavirus losses
Already reeling from the economic crash caused by the coronavirus, hundreds of U.S. companies say insurers are wrongly declining to honor policies they believed would help them weather unforeseen events, including the pandemic. Roughly 1,100 suits have been filed against insurers since the public health crisis, mostly over disputes involving so-called […]
Dow falls 509 points, S&P 500 marks four straight days of losses
Sept. 21 (UPI) — The Dow Jones Industrial Average recorded its worst day in about two weeks on Monday amid ongoing concerns about the COVID-19 pandemic. The blue-chip index fell 509.72 points, or 1.84%, its worst day since Sept. 8, when it fell 2.3%. The S&P 500 marked its fourth […]
Layoffs Continue And Furloughs Become Permanent Job Losses
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getty It’s troubling to notice that six months into the Covid-19 pandemic, major corporations are continuing to layoff employees and temporary furloughs are turning into permanent job losses. This may be a worrisome sign that companies are concerned about the future and feel the need to reduce staff. This frightening […]
UK Job Losses Accelerate in August, PMI Shows | Investing News
LONDON (Reuters) – Job losses at British companies accelerated in August despite an upturn in demand, a survey showed on Thursday, in a bleak sign ahead of the closure of the government’s coronavirus furlough scheme at the end of next month. The IHS Markit/CIPS Composite Purchasing Managers’ Index (PMI), a […]