Business

Wednesday’s business headlines

The latest business headlines

INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.

Dick’s Sporting Goods

Dick’s Sporting Good is pulling the hunting category from 440 more stories in 2020.

The move expands on its initial efforts after the deadly school shooting in Parkland, Florida in 2018.

The company made the announcement as it reported holiday-quarter earnings and sales that topped analysts’ estimates.

Walmart

Walmart is enacting an emergency leave policy for its 1.4 million hourly US workers that allows them to take off without penalty if they fear the spread of a new virus.

Walmart said that hourly workers who work in a store, club, office or distribution center will receive up to two weeks pay if they’re required to quarantine by the government or by the retailer.

Airlines

President Trump said Tuesday that his administration was working closely to help the beleaguered airline and cruise ship industries, which have been battered by the spreading coronavirus.

He said they are spending a lot of money and they are working very hard and we’re going to be helping that industry.

Trump/Wall Street

The White House will host a meeting with several Wall Street executives Wednesday focusing on the economic impact of the coronavirus.

Executives from Goldman Sachs, Wells Fargo, Citigroup, JP Morgan Chase and Bank of America are expected to attend.

The president is considering several options to stabilize the economy, including offering funds to small businesses that have been affected by the instability caused by the outbreak.

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