• Amazon Shuts Hubs Near Protests; Target Closes More Stores

    Amazon Shuts Hubs Near Protests; Target Closes More Stores(Bloomberg) — Amazon.com Inc. is scaling back deliveries and adjusting routes in a small number of cities including Chicago, Los Angeles and Portland, and Target Corp. is extending store closures nationwide after the death of George Floyd sparked demonstrations across the country.“We are monitoring the situation closely and in a handful of cities we adjusted routes or scaled back typical operations to ensure the safety of our teams,” an Amazon spokeswoman told Bloomberg News.Amazon’s action shows how protests around the country are complicating operations for the e-commerce giant, which has been one of the few consumer-facing companies to benefit during the coronavirus pandemic. Target has been trying to build its online sales business, but retains a heavy bricks-and-mortar presence.Based in Minneapolis where Floyd died in police custody, Target had already closed 32 stores in the area. On Sunday, it said it was closing dozens more around the nation, at least temporarily.“We are a community in pain,” Chief Executive Officer Brian Cornell said in a statement shortly after Floyd’s death. “That pain is not unique to the Twin Cities — it extends across America.”In Chicago and Los Angeles, Amazon delivery drivers received messages Saturday night that said: “If you are currently out delivering packages, stop immediately and return home. If you have not completed your route, please return undelivered packages to the pick-up location whenever you’re able to do so.”Amazon was “in close contact with local officials and will continue to monitor the protests,” and would only re-open delivery stations when it’s safe and will plan delivery routes by monitoring demonstrations in every zip code, according to messages reviewed by Bloomberg.(Adds Target from first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Market Recap: Friday, May 29

    Market Recap: Friday, May 29Stocks closed at their highest levels since at least March, ending Friday’s volatile session mostly higher after President Donald Trump announced retaliatory measures against China that were less negative for markets as some had feared. Myles Udland, Sean Smith, Rick Newman, and Akiko Fujita discuss on The Final Round.

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  • Barron’s Picks And Pans: Cheniere Energy, Delta Air Lines, Extended Stay And More

    Barron's Picks And Pans: Cheniere Energy, Delta Air Lines, Extended Stay And More* This weekend's Barron's cover story offers some stocks poised to rebound as the economy reopens. * Other featured articles look at why now is a good time to buy insurance stocks, and who wins as Americans take to the roads again. * Also, the prospects for a senior-living stock, cruise and hotel stocks with a difference, and more.Cover story "7 Travel Stocks Set for Success as Lockdowns End" by Avi Salzman shows why, despite the recession, Americans are about to hit the road. Now is the time to find deals in the likes of Delta Air Lines, Inc. (NYSE: DAL) and Las Vegas Sands Corp. (NYSE: LVS).Avi Salzman's "A Senior-Living Stock That Should Age Well" suggests that with manageable debt and a seemingly safe dividend, Caretrust REIT Inc (NASDAQ: CTRE) looks like a standout in a corner of the real estate industry that has growth potential.In "Yes, Now Is a Good Time to Buy Insurance Stocks," Al Root points out that shares of property and casualty insurers such as Hartford Financial Services Group Inc (NYSE: HIG) typically rally after catastrophic events as the industry raises its rates.Lindblad Expeditions Holdings Inc (NASDAQ: LIND) not only has a loyal and relatively wealthy customer base, but it faces lighter logistical challenges than its bigger cruise line rivals. So says "Why This Small, Elite Cruise Operator Could Weather the Coronavirus Storm" by Alexandra Scaggs.In Daren Fonda's "3 Airline Stocks That Can Benefit From a Pickup in Domestic Travel," see why Americans are more likely to book domestic, short-haul leisure trips, rather than business and international flights. What does that mean for Southwest Airlines Co (NYSE: LUV) and others?See Also: 'Price Is Truth': Analyzing Stock Chart Performance Using Technicals"Hotel Stocks Have Been Hit Hard. Why Extended Stay Is Different" by Carleton English examines why, unlike other hotel chains, Extended Stay America Inc (NASDAQ: STAY), has not had to make radical changes to its operations.Driving is rebounding as the economy reopens and Americans take to their cars, according to Andrew Bary's "Americans Are Getting Back on the Road. 3 Stocks to Buy." That looks bullish for Marathon Petroleum Corp (NYSE: MPC) and others.In "Buy This Energy Company. It Raised Its Dividend Twice This Year," Avi Salzman discusses why, thanks to long-term contracts for liquefied natural gas, Cheniere Energy Partners LP (NYSE: CQP) offers safety that is unusual for such a challenged sector.Also in this week's Barron's: * Concerns arising from the president's feud with Twitter * Why the U.S. probably will prevail over China in the long run * Why NASA would be a huge aerospace player as a stock * The most dangerous sectors for dividend investorsSee more from Benzinga * Notable Insider Buys: Avis, Dynavax And Formula One * Benzinga's Bulls And Bears Of The Week: Amazon, Disney, Netflix And More * Notable Insider Buys This Past Week: Berkshire Hathaway, Sysco And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • The Daily Biotech Pulse: Co-Diagnostics Earnings, NantKwest Plans Pancreatic Cancer Study, ADC Therapeutics IPO

  • Mesa Air Group, Inc. Just Missed EPS By 41%: Here’s What Analysts Think Will Happen Next

  • Novavax, Inc. (NASDAQ:NVAX) Just Reported First-Quarter Earnings And Analysts Are Lifting Their Estimates

  • Elon Musk’s Boring Company completes second tunnel in Las Vegas