coronavirus

Global smartphone production is seeing its biggest-ever slump as the coronavirus pandemic has smothered global demand. Industry firm TrendForce said it expects production to dip 16.5 percent year-over-year to 287 million phones in the June quarter, continuing a slide that saw output drop 10 percent in the March quarter, when the outbreak spread and peaked …

La La Anthony is experiencing the “surprisingly fine with it” phase of quarantine — although that thought still worries her. ”I’m in the phase where I’m kind of getting used to it, but I figure my days out. Like I have my schedule between getting my work done, Zoom calls, conference calls, working out, watching …

A shuttered Southampton diner has turned into a drive-through art gallery amid the coronavirus pandemic. East Hampton-based artist Katherine McMahon is displaying her diner-inspired painting series inside of the Silver Lining Diner, which drivers can view from their cars. The artwork is visible through the restaurant’s windows, to adhere to social-distancing orders in place. Fifty …

Bankrupt companies are reportedly suing the feds for cutting them off from loans that could keep them afloat during the coronavirus crisis. Troubled firms have filed at least a dozen lawsuits against the Small Business Administration to get access to the $659 billion Paycheck Protection Program offering forgivable loans to help small businesses keep their …

Goldman Sachs shareholders approved CEO David Solomon’s $24.7 million pay day on Thursday despite calls for it to be voted down in light of the COVID-19 pandemic. Seventy-one percent of shareholders OK’d the 2019 compensation package, down from 91 percent the year earlier, Goldman announced at its annual shareholder meeting. The 58-year-old chief executive’s pay …

The Office of the Director of National Intelligence said in a Thursday statement that the U.S. intelligence community “concurs” with scientific assessments that coronavirus “was not manmade or genetically modified.” “As we do in all crises, the Community’s experts respond by surging resources and producing critical intelligence on issues vital to U.S. national security,” ODNI …

Foreign views of Chinese economic priorities are often trapped in the image of an export-led model; a statist system that imports inflation and exports deflation, hostage to foreign market access. But China’s exports in 2018 accounted for about 20 percent of GDP—a 16-percentage point drop from the 2006 peak, according to the World Bank. As …

An obviously better solution than sinking the world economy into a great depression is a greater use of “laissez-faire”. The current coronavirus strategy of most governments is a recipe for a worldwide economic disaster. In many countries, the strategy of confinement and forcing shops to close is a sure-fire path to large-scale business failures. The …

COVID-19 is wreaking havoc on American jobs. State shutdowns and social distancing have resulted in 26 million people being laid off and furloughed. Policymakers in some states are starting to loosen business restrictions and are hoping for a strong jobs recovery. But a quick rebound in jobs will be undermined by government policies. The federal government has …

Activists slathered “Protect Amazon workers” in paint on a street outside CEO Jeff Bezos’s Washington mansion to protest the online retail giant’s treatment of workers during the coronavirus crisis. The protesters covered the road in giant red and yellow letters along with silhouettes of three masked faces. It took about an hour for them to …