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Added on the 20/04/2019 22:43:51 - Copyright : Wochit
After two delays due to probes into corporate governance and the books, Toshiba Corp announced a massive net loss for the past financial year. Meg Teckman reports.
Luxury electric car maker Tesla posted a fourth quarter loss. Its operating expenses soared during the quarter. Optimistic outlook for 2015. Shartia Brantley reports.
Joseph LaVorgna is the chief economist at the National Economic Council, and is an economic adviser to the Trump administration. And according to Business Insider, LaVorgna on Friday said he felt there was no rush to release a second coronavirus stimulus package. LaVorgna said that despite a disappointing Friday jobs report, he doesn't 'believe the recovery at the moment is in jeopardy.' On Friday, the jobs report that said 10.7 million Americans were unemployed in November. Congress is considering a $908 billion stimulus proposal after months of negotiations. It does not include a $1,200 direct payment.
The novel coronavirus pandemic is hitting the American workforce hard, but a new report reveals it's disproportionally affecting women. Business Insider reports the nonprofit newsroom The 19th says four times as many women as men left the workforce in September. According to Business Insider, the report said roughly 865,000 US women reported in September that they were no longer employed, compared to 216,000 men. The retail and hospitality industries are primarily made up of women, have been hit particularly hard by the terrible economic effects of the pandemic. Of the near 900,000 women who left the workforce in September, over 320,000 of them were Latina women. Almost 60,000 were Black women.
Police in Brazil says they may charge a group of U.S. Olympic swimmers with vandalism and false testimony, accusing them of lying when they reported being robbed at gunpoint. Diane Hodges reports.
Tesla reported its 13th straight loss. U.S. stocks edged higher after oil prices boosted energy shares. Bobbi Rebell reports.