Photo: RubberBall / Alamy Stock Photo The effects of the coronavirus outbreak have been dire throughout the U.S. economy. About 16.8 million Americans filed for unemployment benefits in the three weeks that ended April 4, a record pace of job loss several times over. The S&P 500 index of large companies fell 20 percent in the first quarter of 2020, and all of its 11 sectors dropped by double digits — even the least hard-hit, information technology, was down 12 percent.
6. J.M. Smucker Co. Restaurants and bars across America are closed, but people are still eating, and that has been good for the fortunes of companies like Smucker that make packaged food for the retail market. “As you know, we have experienced unprecedented demand for peanut butter,” the Jif manufacturer said in a letter to retailers on March 19, explaining why it would not always be able to fulfill orders for the brand on time or in full.
4. Clorox It’s hard to think of a non-pharmaceutical product more boosted by a pandemic than bleach. Clorox makes about half the disinfectant wipes used in the U.S., and retailers have been struggling to keep them on the shelves.
jbarro I like JIF & I would take JIF to Mars Mars people 2004
jbarro Great we are back to peanut butter? The stuff sticks to the roof of your mouth, UG
jbarro Well positioned, 'profit from' is not a fair evaluation...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus-earnings season: What to expect as companies begin to report TuesdayCompanies in every sector face challenges giving forward-looking guidance in a pandemic that remains unpredictable. Dumbest. Damn. Thing. Ever. Ruining a country for this.
Source: CNBC - 🏆 12. / 72 Read more »
Coronavirus exposes how profit-driven decisions undercut US response - Business Insider'Getting the for-profit element out would allow us to better prepare for pandemics like this,' one expert told Business Insider. GOP profit-driven decisions. If the United States government was running healthcare right now we would be in the same situation. Profit driven decisions and capitalism ensure shortages don't occur. If the government wants to prepare for every pandemic conceiveable, then bolster the strategic stockpile.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Here are the 15 top jobs companies are hiring for amid the pandemic - Business InsiderNurses are in high demand during the outbreak but not nearly as much as warehouse handlers and truck drivers who can operate CDL flatbed vehicles.
Source: BusinessInsider - 🏆 729. / 51 Read more »
North America’s Oil Industry Is Shutting Off the SpigotA sharp drop in fuel consumption caused by the coronavirus pandemic and exacerbated by a feud between the world’s largest producers has limited options for North American oil companies. Germany Covid_19 death toll rises to 2799 total number of infections in the country to 123,016...COVID2019 Time to get into alternative energy sources. Solar and wind for example. Remember 'Drill baby drill'? Those Republicans just made a deal with Russia and Saudi Arabia to make sure that our price at the pump is high enough to not bankrupt OPEC cartel countries. So, when you fill up next, remember that you are paying more to save cartels from ruin.
Source: WSJ - 🏆 98. / 63 Read more »