Tyson Foods Inc expects to continue idling meat plants and slowing production because of the new coronavirus, the company said on Monday, signaling more disruptions to the U.S. food supply.
General Electric Co said on Monday it was planning to cut its global workforce in the aviation unit by as much as 25% this year, including both voluntary and involuntary layoffs, due to business disruptions caused by the COVID-19 pandemic.
Cramer said that he viewed Buffett bailing on airlines as a sign that there were serious issues in the broader economy.
"My own sense is the Fed went too far in going into the high yield market," the Allianz economic advisor told CNBC on Monday. "You get people who shouldn't be borrowing raising money."
U.S. stocks opened lower on Monday following growing U.S.-China tensions about the origins of the coronavirus outbreak, while billionaire Warren Buffett's admission he had dumped his airline shares crushed major U.S. carriers.
Czech carmaker Skoda Auto, part of the Volkswagen Group , reported a 25% drop in first-quarter operating profit on Monday, but said the biggest hit from the coronavirus outbreak would come in the second quarter.
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry.
Buffett made a lot of news at Berkshire's first virtual annual meeting on Saturday, including revealing that he sold all his airline stocks.
U.S. stock index futures retreated on Monday after a fresh spat between Washington and Beijing over the origin of the novel coronavirus, while airlines slumped as Berkshire Hathaway dumped its holdings in the sector.
Telefonica is in talks with billionaire John Malone's Liberty Global to explore a merger of its British mobile operator O2 with Liberty's Virgin Media cable network company, the Spanish company said on Monday.
Oil prices fell on Monday on worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease and amid a fresh spat between the United States and China over the origin of the virus.
Tyson Foods Inc said on Monday it would temporarily close plants as needed in the battle with the coronavirus outbreak and expects meat sales to fall in the second half of this year as shutdowns hammer restaurants and other food outlets.
Whether it is donating your skills to a nonprofit or giving your time to a local food bank, you can help those who are suffering from financial hardship without digging deep into your wallet.
The French government has rejected Amazon 's request to tap a state partial unemployment scheme for employees at its six warehouses in the country, a spokeswoman for the labour ministry said on Monday.
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett's Berkshire Hathaway said it offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry.