• General Motors stalls dividend and share buybacks to conserve cash

    General Motors stalls dividend and share buybacks to conserve cash

    General Motors said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global automobile sales. Shares of GM were trading 1.3 percent lower in late-morning trading, at at $21.67. “We continue to …
  • Mexico Has Deported Nearly All Illegal Immigrants from Shelters to Contain Coronavirus

    Mexico Has Deported Nearly All Illegal Immigrants from Shelters to Contain Coronavirus

    Mexico said it has just over 100 people remaining in its government migrant centers after removing thousands over the past five weeks due to the coronavirus pandemic. Mexico’s National Migration Institute (INM) said in a statement that it had removed migrants from 65 government facilities since March 21, following health and safety guidelines amid the …
  • EU Dilutes Report on Coronavirus Disinfo to Avoid Angering China

    EU Dilutes Report on Coronavirus Disinfo to Avoid Angering China

    The European Union diluted a report detailing Chinese government disinformation about the spread of the coronavirus after Beijing threatened the 27-country bloc, the New York Times reported on Friday. “China has continued to run a global disinformation campaign to deflect blame for the outbreak of the pandemic and improve its international image,” the report initially …
  • Schumer Introduces Bill to Stop Trump from Putting His Name on Relief Checks

    Schumer Introduces Bill to Stop Trump from Putting His Name on Relief Checks

    Senate Minority Leader Chuck Schumer (D., N.Y.) is proposing a bill to ban President Trump from signing coronavirus checks, calling the current practice “a waste of time and money” and the “exploitation of taxpayer money for promotional material.” Schumer’s legislation, titled the “No PR Act,” blocks the use of federal dollars to promote Trump or …
  • New Amazon sellers now have to verify their identities over video chat

    New Amazon sellers now have to verify their identities over video chat

    New merchants who want to sell their wares on Amazon will be subject to a video call to verify their identity, the company said Sunday. The plan — meant to counter fraud while in-person meetings are impossible during the coronavirus pandemic — is Amazon’s latest effort to police conterfeits and allegedly unsafe products on its …
  • Katy Perry dresses up as hand sanitizer for at-home ‘American Idol’ episode

    Katy Perry dresses up as hand sanitizer for at-home ‘American Idol’ episode

    Katy Perry isn’t letting coronavirus stop her from having fun. The “Teenage Dream” singer, 35, stayed on theme while taping the first at-home episode of “American Idol” on Sunday by dressing up as a huge bottle of hand sanitizer. Perry explained her over-the-top costume by joking that she wanted to be “as safe as possible,” …
  • Apple reportedly delaying production ramp-up for 5G iPhones

    Apple reportedly delaying production ramp-up for 5G iPhones

    Apple is reportedly delaying the manufacturing ramp-up of this year’s crop of new iPhones by a full month. The holdup comes as the coronavirus pandemic has weakened global consumer demand and thrown a wrench into manufacturing operations across Asia, according to the Wall Street Journal, which cited anonymous sources. Apple still plans to release four …
  • Stocks bounce as parts of Europe, US loosen coronavirus lockdowns

    Stocks bounce as parts of Europe, US loosen coronavirus lockdowns

    US stocks jumped Monday as investors cheered signs that parts of Europe and the US are starting to thaw their economies after freezing them to fight the coronavirus. The Dow Jones industrial average climbed as much as 156.07 points, or 0.6 percent, at the open as European countries and US states began to loosen lockdown …
  • Only 13 companies have said they will return coronavirus small business loans

    Only 13 companies have said they will return coronavirus small business loans

    A tiny fraction of the publicly traded companies that got coronavirus loans have pledged to give them back — despite urging from the feds and a public outcry, records show. Just 13 public firms that received a combined $98.5 million through the federal Paycheck Protection Program — which was meant to help Main Street merchants …
  • Celebs being hounded to drop in on Zoom happy hours

    Celebs being hounded to drop in on Zoom happy hours

    First it was the autograph. Then it was the selfie. Now Page Six is told that the ultimate fan trophy is getting celebrities to drop in on their Zoom happy hours. Industry insiders say that stars are being inundated with requests from quarantined admirers who want them to surprise their friends — and we’re told …