The Week (US)

The bottom line

-

■ Despite the closing of much of the U.S. economy, the S&P 500 index gained 13.7 percent for April by midweek, putting it on track for the biggest monthly gain since at least 1987.

CNBC.com

■ GM, Ford, Delta, and Boeing are among 81 U.S. companies and public investment funds that have suspended or canceled dividends this year, more than the total number (55) of companies that did so over the previous 10 years.

The Wall Street Journal

■ The Los Angeles Lakers repaid a $4.6 million loan the team received through the federal government’s Payment Protection Program after seeing that funds intended for small businesses were depleted. The NBA’s second most valuable franchise, worth $4.4 billion, employs about 300 people in addition to LeBron James and Anthony Davis.

CNN.com

■ A Goldman Sachs survey of 1,760 small-business owners found that 68 percent think the pandemic will permanentl­y change their business models. In addition, 63 percent say their cash reserves will last less than three months, while 71 percent said they are still awaiting a response to their PPP loan applicatio­n.

Axios.com

■ The TSA conducted 128,875 airport screenings of passengers, workers, and crew members on April 27—a decrease of more than 94 percent from March 1, before the coronaviru­s pandemic.

MarketWatc­h.com

■ Instacart is selling $700 million worth of groceries per week, an increase of

450 percent from December. The company, which added 250,000 workers to handle the demand, saw its first profitable month this April, netting about $10 million.

TheInforma­tion.com

 ??  ??

Newspapers in English

Newspapers from United States