Catching up: here’s what’s going on.
Ultra petroleum, which produces oil and natural gas in Wyoming, filed for bankruptcy on Friday, its second in four years. Burdened with debt, the company struggled before the pandemic brought down oil prices.
Consumer spending on video games, hardware and accessories hit a record $ 10.86 billion in the first quarter of 2020, up 9% from the same period last year, according to the data. of the NPD Group. The increase came as millions of Americans searched for distractions while being ordered to step in to stop the spread of the coronavirus. Games like Animal Crossing: New Horizons, Call of Duty: Modern Warfare and Doom Eternal were the best titles, and Nintendo The Switch console was a big seller.
Vice Media will fire 100 employees worldwide and 55 in the United States, general manager Nancy Dubuc said in an email on Friday, citing both the pandemic and more general negative trends in digital media. “Some difficult decisions had to be made mainly around our digital teams,” said Ms. Dubuc, who took over the management two years ago. Vice had previously instituted four-day work weeks for three months for employees earning more than $ 100,000 in response to the pandemic, with additional pay cuts for employees and senior executives.
The reports were provided by Clifford Krauss, Ben Casselman, Sapna Maheshwari, Tiffany Hsu, Emily Flitter, Marc Tracy, Mohammed Hadi, Liz Alderman, James B. Stewart, Kevin McKenna, Matt Phillips, Adam Satariano, Gregory Schmidt, Carlos Tejada and Daniel Victor.