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Stocks seesaw as Senate , Oil slump puts pressure on Gulf states’ currency pegs and other Economy news

The economy news of 2020-05-19 on Tamugaia - Stocks seesaw as Senate quizzes economic officials on coronavirus impact, and Oil slump puts pressure on Gulf states’ currency pegs .
Stocks seesaw as Senate quizzes economic officials on coronavirus impact - Stocks were mixed Tuesday as investors digested gains from the previous day and economic updates from top government officials.... [ View ]

Oil slump puts pressure on Gulf states’ currency pegs - Investors are starting to test stability, particularly in the case of the Omani rial... [ View ]

Landlords fume as Starbucks, other chains seek extended rent cuts - A growing number of national restaurant chains are asking for rent reductions, even as businesses start to reopen, and landlords are privately fuming over such requests.... [ View ]

Nasdaq informs Luckin Coffee it must delist after fraud bombshell - Nasdaq Inc has delivered a notice to China’s Luckin Coffee Inc informing it that it has to delist from the U.S. stock exchange, people familiar with the matter said on Tuesday.... [ View ]

Facebook Launches Virtual Shopping Mall, Saying It Will Help Small Businesses - The social network is positioning its new commerce feature as a way to help small businesses that have been hit hard by the coronavirus pandemic.... [ View ]

Senators Clash Over How Soon To Reopen The Economy - Senators squabbled over how quickly the economy can rebound from the coronavirus shutdown, and whether the government is doing enough to support struggling families and businesses.... [ View ]

Home-Decor Retailer Pier 1 Looks To Close For Good - Three months after filing for bankruptcy, Pier 1 said it plans to liquidate as soon as it can reopen stores that have been closed because of the coronavirus pandemic.... [ View ]

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