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(RTTNews) - The China stock market on Wednesday snapped the two-day winning streak in which it had advanced more than 30 points or 1 percent. The Shanghai Composite Index now rests just beneath the 2,885-point plateau although it's tipped to rebound on Thursday. The global forecast for the Asian markets is broadly positive on optimism for economic recovery in the wake of the Covid-19 shutdown. The European and U.S. markets were sharply higher and the Asian markets are tipped to open in similar fashion. The SCI finished modestly lower on Wednesday as losses from the property stocks and oil companies were mitigated by support from the financial shares. For the day, the index lost 14.84 points or 0.51 percent to finish at 2,883.74 after trading between 2,876.18 and 2,896.47. The Shenzhen Composite Index dropped 17.71 points or 0.97 percent to end at 1,805.86. Among the actives, Bank of China collected 0.29 percent, while China Construction Bank added 0.31 percent, China Merchants Bank

South_agency/Getty Images The internet was outraged after a diner discovered a pizza she thought she ordered from a local pizzeria had actually come from Chuck E. Cheese. But virtual, delivery-only restaurants are more common than many people may realize, and the pandemic may be the perfect business landscape for them to take hold. Virtual restaurants usually shared kitchens with full-service restaurants, or with other virtual restaurants in a WeWork-like shared kitchen. Their lower rent and staffing costs, as well as their emphasis on delivery, make them a competitive business model in a business landscape shaped by the pandemic. Visit Business Insider's homepage for more stories. In the last few weeks, CEC Entertainment, Chuck E. Cheese's parent company, silently listed countless "Pasqually's Pizza & Wings" restaurants on delivery platforms across the country, sparking internet outrage after a diner discovered her Pasqually's pizza order came from

FYI: Mike Segar/Reuters The layoffs Airbnb announced last week will likely only have a minor effect on its coronavirus-throttled bottom line this year, according to a Business Insider analysis. The company is likely to save less than $254 million this year from the job cuts, which affected some 1,900 workers; by contrast, the company has announced that it expects its revenue to be down by more that $2.4 billion this year. The savings this year will be limited by the fact that a third of the year has already passed, and Airbnb plans to give workers relatively generous severance packages. The company will save more next year as those severance packages end. Click here for more BI Prime stories. Airbnb's big layoff that took effect this week isn't going to save the company. And, at least this year, it's unlikely to do much to slow the company's cash burn. The San Francisco startup announced last week it was going to cut 1,900 jobs, or about 25% of its workforce. Tho

CHICAGO, May 20, 2020 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ: MDLZ) announced that Dirk Van de Put, Chairman and CEO, and Luca Zaramella, Chief Financial Officer, will present at the 2020 RBC Capital Markets Consumer & Retail Conference, on May 27 at 8:40 a.m. ET. A listen-only webcast will be provided at www.mondelezinternational.com and a replay of the event will also be available on the company's website.  About Mondelēz International Mondelēz International, Inc. (NASDAQ: MDLZ) empowers people to snack right in over 150 countries around the world. With 2019 net revenues of approximately $26 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or f

ICYMI: VANCOUVER, British Columbia and TORONTO, May 17, 2020 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. (“Silvercorp”) (TSX/NYSE American: SVM) and Guyana Goldfields Inc. (TSX: GUY) (“Guyana Goldfields”) are pleased to announce that they have entered into an amending agreement (the “Amending Agreement”) to the arrangement agreement (the “Arrangement Agreement”) entered into previously and announced on April 27, 2020, pursuant to which Silvercorp agreed to acquire all of the issued and outstanding shares of Guyana Goldfields by way of a court approved plan of arrangement under the Canada Business Corporations Act (the “Transaction”). Pursuant to the terms of the Amending Agreement, each holder of Guyana Goldfields shares will receive, for each Guyana Goldfields share held, C$0.25 in cash and 0.1849 of a Silvercorp common share, for total consideration of C$1.30 per share (based on the volume weighted average price for Silvercorp common shares for the 5 trading days ended May 14, 2020).

ICYMI: Susan Walsh/AP A roundtable with restaurant industry leaders and President Trump on Monday will be the first time a fast-food franchisee participates in discussing the White House's plans to help the restaurant industry recover from the pandemic.  James Bodenstedt is the CEO of MUY Company, a Wendy's, Taco Bell, and Pizza Hut franchisee.  Bodenstedt has donated more than $440,000 to President Trump's reelection campaign, including $200,000 in March.  Tilman Fertitta, the CEO of Landry's, is also speaking on the roundtable, and donated $35,000 to the Trump Victory PAC in February.  "While it's nice that these business owners want to help the government fight coronavirus, it confirms that cronyism is at the root of practically every decision President Trump makes," Donald Sherman, deputy director of Citizens for Responsibility and Ethics in Washington, told Insider in April.  Visit Business Insider's homepage for more stories. The first fas

ICYMI: Casper, Wyoming, May 17, 2020 (GLOBE NEWSWIRE) -- Located in Wyoming, Montana and Idaho, Yellowstone National Park is set to open on a limited basis on Monday, May 18 at Noon. While there are five entrances into the park—three in Montana and two in Wyoming—the National Park Service will only open the entrances in Wyoming, specifically the South and East entrances. Wyoming’s 14-day quarantine requirement on out-of-state visitors expired on May 8 and the state and its communities—including Casper—are preparing to welcome travelers, especially with the Wyoming entrances to Yellowstone National Park openings. “With travel restrictions lifted in Wyoming, travelers are slowly starting to return to the Cowboy State and we’re working to be as prepared as possible,” said Brook Kaufman, CEO of Visit Casper. For the first phase of the reopening, visitors will be able to access the lower loop of the Grand Loop Road, the park’s figure-eight road system including restrooms, self-service gas s