Why Wynn Resorts is paying employees despite closures

Why Wynn Resorts is paying employees despite closures

These are idle times for nearly 650,000 gaming workers in the U.S. as the remainder of the commercial casinos in the country are expected to close by Wednesday.  Many employees have been laid off. Some have been promised a couple of weeks pay.  But it’s becoming clear the coronavirus crisis will last beyond that.  Wynn Resorts […]
Lack of protective gear has slowed drive-thru testing

Lack of protective gear has slowed drive-thru testing

CVS Health Chief Executive Larry Merlo said a lack of personal protective equipment has slowed the widespread rollout of its drive-thru tests for the coronavirus and limited the number of tests that sites are able to do. In an interview on “Closing...
Nike (NKE) reports Q3 fiscal 2020 earnings hurt by China, coronavirus

Nike (NKE) reports Q3 fiscal 2020 earnings hurt by China, coronavirus

Nike reported quarterly sales that topped analysts’ expectations, thanks to a boost from its digital business and growth in North America, which helped to offset weakness in China due to COVID-19.  Its shares shot up more than 8% in after-hours trading Tuesday...