Peregrine “Peg” Broadbent, the chief financial officer of Jefferies Group LLC, has died from coronavirus complications. The financial-services company said in a statement that Broadbent had served as CFO since 2007 until his death. The executive’s death marks the first among high-profile financial figures as the outbreak has been linked to illnesses and deaths among […]
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‘Blindsided’ with no backup plan and rents closing in: Laid-off NYC restaurant workers describe how their lives have changed as their industry collapses around them
New York City’s restaurant industry makes about $50 billion in sales each year and employs 167,000 people. On March 17, all of the city’s restaurants were ordered to close for dine-in service because of the coronavirus pandemic. Some restaurants have managed to stay open by doing only takeout and delivery, but many say it’s not […]
The 11 books every millennial should read to get out of debt, learn how to invest, and save more money
Personal finance sounds boring, but these books aren’t. As a millennial wealth reporter, I’ve read a lot of books aimed at helping young adults get their financial act together. These are my top picks for millennials who want to get out of debt, learn how to invest, and build wealth. Visit Business Insider’s homepage for […]
Governors warn that state healthcare supplies and hospitals could be overwhelmed as soon as early April
Two governors spoke out about surges of new cases that will quickly overwhelm healthcare systems within the next few weeks. Louisiana Gov. John Bel Edwards said the state was seeing a worrying “trajectory” that could see an exhausted supply of ventilators by “about the fourth or fifth of April,” before running out of hospital beds […]
The Trump administration sent California 170 ventilators to help in coronavirus battle — but none of them worked
California received 170 ventilators from the federal stockpile to help battle the coronavirus outbreak in the state. However, California Governor Gavin Newsom said all of the ventilators sent to Los Angeles County were “broken.” The state is sending the medical equipment to a company to repair the devices before returning them to hospitals in Los […]
New York Gov. Cuomo extends order advising residents to stay at home for at least another two weeks
New York Gov. Andrew Cuomo announced Sunday afternoon he was extending the state’s PAUSE order for another two weeks. The policy, now in place until at least April 15, will be re-evaluated in another two weeks, Cuomo said on Twitter. The state of New York has been hardest hit by the coronavirus pandemic in the […]
How to mitigate mild symptoms of COVID-19 at home, according to doctors
Most people who are sick with COVID-19 have mild symptoms and are advised to stay home and take the time to recover. Doctors recommend Tylenol to manage any fever, fluids to stay hydrated, lots of rest, and above-all-else self-isolation. Also, track your symptoms closely and if they worsen, like if you have trouble breathing, seek […]
Trump’s top economic adviser says Americans can expect coronavirus stimulus checks to show up in their bank accounts ‘in a couple of weeks’
President Donald Trump’s top economic officials said relief checks will be disbursed to qualifying Americans in a few weeks. Larry Kudlow, Trump’s top economic adviser, said loans to small businesses will be “ready for processing” this coming week. As the administration rolls out new economic measures in its novel coronavirus pandemic response, Treasury Secretary Steven […]
Whole Foods doesn’t give employees paid maternity leave, and some corporate staffers say it’s having an alarming effect
Amazon-owned Whole Foods offers no paid parental leave to employees. In interviews with Business Insider, nine current and former corporate Whole Foods employees described the lack of paid leave for new mothers as alarming. “I can’t tell you how many crying mothers I spoke to who were completely shocked by the benefits,” said one former […]
US will have ‘millions of cases’ and over 100,000 coronavirus-related deaths, Fauci says
Dr. Anthony Fauci, the nation’s leading infectious-disease expert, said that the US will see “millions of cases” of COVID-19 and more than 100,000 deaths. Fauci, appearing on CNN’s “State of the Union,” added that he didn’t want to “be held to that,” since the course of an outbreak is “such a moving target.” The US […]
A self-isolated Boris Johnson tells UK residents ‘things will get worse before they get better’ during coronavirus response
Prime Minister Boris Johnson told UK residents that officials “know things will get worse before they get better” in the novel coronavirus pandemic. Johnson wrote in an open letter to UK residents on the “moment of national emergency” posed by the pandemic, days after he tested positive and entered self-isolation. Officials have turned to address […]
The recession alphabet: How analysts are using letters to project the economy’s recovery from coronavirus
Economists say the US economy is either entering a recession or already in one, but the way it rebounds could take several forms. Experts have turned to the alphabet to describe how GDP, company profits, and stock prices could return to higher levels or stay mired in virus-induced lows. A V- or U-shaped recovery relies […]