Coronavirus pushes CarMax to furlough 15K workers

Auto dealer’s leadership to take pay cuts Used car seller CarMax will furlough about 15,500 employees later this month, the company announced Wednesday. CarMax has closed about half of its stores due to the coronavirus pandemic. The company said most of the...

Starbucks Says Earnings Cut in Half as Pandemic Sinks Sales

Starbucks says fiscal second-quarter earnings will be cut nearly in half following sales plunges in the U.S. and China. Starbucks  (SBUX) – Get Report said its fiscal second-quarter earnings will be cut nearly in half as sales plunged in the U.S. and China, the...