Finance

by | July 05, 2020 | 08:43

The news has since left Crypto-Twitter analyzing and weighing the possibilities of Jeff Bezos owning as many Bitcoins as possible. Bezos had earlier touched a high of $167.7 billion in 2018 making his current fortune the highest since his divorce even though he had ceded shares to his wife.

by | July 05, 2020 | 00:41

Communication companies helped lift US stock indexes mostly higher Wednesday afternoon, placing the market on track for its third gain in a row. Payrolls processor ADP will release its monthly report on hiring in the USA economy at 8:15 AM ET, with analysts expecting the economy to have created three million jobs .

by | July 04, 2020 | 23:52

The civil rights groups said they wanted Zuckerberg to be at the meeting and he later confirmed he would attend, the spokesman added. But the impact of the banks' boycott is unclear, since none of the five would say how much they typically spend in monthly advertising on Facebook or its subsidiary Instagram.

by | July 04, 2020 | 18:54

Mr. Trump has previously avoided being photographed wearing a mask and, in early April, said he not be following the Centres for Disease Control and Prevention's recommended that people wear cloth face coverings in public settings. Coronavirus: Trump says he thinks COVID-19 will "sort of just disappear". He said: "I had a mask on". He made the comments a day after Republican lawmakers suggested that he wear a mask in public to set a good example for Americans.

by | July 04, 2020 | 14:22

At 11.1%, unemployment is down from a peak of 14.7% in April but still far above the 3.5% level notched in February. Jobs also returned in the retail, education and health, manufacturing, construction, professional and business services sectors, transportation and warehousing, wholesale trade and financial activities sectors.

by | July 04, 2020 | 11:26

The manufacturing Purchasing Manager's Index released on Wednesday showed a decline at 47.2 in June, improving from 30.8 recorded in May, signalling faster normalization of activity since the nationwide lockdown was lifted on 1 June. The employment gauge for the services sector remained in negative territory for the fifth straight month, slipping slightly from May. The slower rate of decline was reflective of some stabilisation in activity levels, with around 59% of firms reporting no change ...

by | July 04, 2020 | 01:28

Encouraging jobs data from the USA added to the sense of optimism as cities in the United States and economies around the world began to open. That built on gains on Wednesday from a bigger-than-expected drop in US crude stockpiles as well as plunging output from OPEC producers.

by | July 03, 2020 | 20:06

The white woman-dubbed "Karen" by the internet at large-has lost her job over the racist incident. I have a room here", said Williams-Wright while holding her room key in the almost 10-minute video that made it onto Facebook , "This lady here is discriminating [against] me.

by | July 03, 2020 | 18:37

The end result is a steak designed with less fat and cholesterol than beef without skimping on the protein. "You need a 3D printer to mimic the structure of the muscle of the animal", CEO Eshchar Ben-Shitrit told Reuters . Other companies are also working on developing convincing textured meats. Israeli startup Redefine Meat is doing just that with its 3D printed plant-based steaks.

by | July 03, 2020 | 13:58

OPEC cut oil exports in June by 1.84 million barrels per day (bpd) from May levels as it works to implement an output reduction agreement with Russian Federation and other allies, according to estimates from Kpler, which tracks oil shipments.

by | July 03, 2020 | 08:58

The company did not break out deliveries by model or country, but Chinese vehicle registrations showed accelerating consumer demand for the Model 3 sedan . That's a 2.5% increase over the first quarter's 88,400. Shares in Tesla have risen more than 160% since the start of 2020, as investors feel more confident about the future of electric vehicles.

by | July 03, 2020 | 08:57

Exports tumbled 4.4 percent to 144.5 billion USA dollars, the lowest since November 2009. The coronavirus pandemic has devastated world trade. The U.S. The United States's deficit with the European Union fell $1.6 billion to $12.7 billion in May, as both exports and imports dropped. The ABS said the value of exports had dropped more than 15% or $6.4 billion from March ($42.15 billion) to $35.74 billion in May.

by | July 03, 2020 | 03:12

Lemonade , a tech-driven insurance company backed by Softbank, soared 132% in its trading debut on Thursday. Lemonade had previously guided for the offering to be priced between US$23 and US$26 per share. The company is offering 5.3 million American depositary shares (ADS), representing 2.65 million Class A ordinary shares, which are expected to price between $15.00 and $17.00.

by | July 02, 2020 | 23:10

Air Canada reported a net loss of $1.05 billion in the first quarter of 2020, largely due to COVID-19 and its toll on travel. In addition, Air Canada is closing its station in Kingston, Ont. Air Canada purchases practically all of Jazz's fleet capacity and pays fixed margin fees, performance incentives and compensation for operating costs, including aircraft lease rents, and makes all marketing decisions.

by | July 02, 2020 | 20:59

All of the recalled products contain iceberg lettuce, red cabbage, and carrots, and are produced at the Fresh Express facility in Streamwood, Ill. The recalled brands included Fresh Express as well as earlier recalled store brands Aldi Little Salad Bar, Giant Eagle, Hy-Vee, Jewel-Osco Signature Farms, ShopRite Wholesome Pantry, and Walmart Marketside.

by | July 02, 2020 | 11:27

The Tiguan R looks just as athletic on the inside, with sports seats, a flat-bottomed R-badged steering wheel and exclusive dashboard trim. Volkswagen Tiguan facelift: What's new on the outside? You'll have to look very far forward, though, because the updated Tiguan isn't going to hit our shores until Fall 2021.

by | July 02, 2020 | 00:57

Investors will seek signs of demand recovery in weekly inventory data due on Tuesday from the American Petroleum Institute industry group and from the USA government on Wednesday. Oil prices fell over 1 percent on Tuesday as optimism for a recovery in fuel demand faded and investors weighed a possible return of Libyan oil production.

by | July 02, 2020 | 00:26

The U.S. Supreme Court on Monday struck down a law shielding the director of the Consumer Finance Protection Board from being fired at will by the president. "Instead of placing the agency under the leadership of a board with multiple members, Congress provided that the CFPB would be led by a single director, who serves for a longer term than the president and can not be removed by the president except for inefficiency, neglect or malfeasance.

by | July 01, 2020 | 21:56

Meanwhile, retail giant Walmart also announced bonuses to its employees, which include Walmart store and Sam's Club associates, supply chain and office employees, truck drivers and assistant managers. For Amazon Flex drivers, Amazon said it will pay $150 for those who have more than 10 hours in June. Amazon said in April it expected to spend around $4 billion on coronavirus-related expenses, including employee testing and increased wages.

by | July 01, 2020 | 20:10

Tuesday's meeting lasted for around 12 hours and the discussions reflected the commitment of both sides to reduce the tensions along the Line of Actual Control (LAC). Chinese side also suffered a massive casualties but they did not reveal their figures. A day after the second round of marathon talks on June 22, an Indian army source had said there was a "mutual consensus to disengage" and the modalities had been discussed.

by | July 01, 2020 | 08:57

The company noted that air traffic would not recover to pre-crisis levels until 2023. The overall tally includes another 900 job cuts planned before the crisis at its Premium AEROTEC unit in Germany. Unions pledged to resist cuts across the board. "Today the management will announce their intentions, then discussions will continue", union representative Michel Pierre said.

by | July 01, 2020 | 04:22

The DIP financing will provide Chesapeake the capital necessary to fund its operations during the Court-supervised Chapter 11 reorganization proceedings. "This filing has been a long time coming", Beeker said. Founded in 1989, it would take more than a decade for Chesapeake to become one of the most-influential and well-known companies in the USA shale sector.

by | July 01, 2020 | 01:16

Investissement Québec will act as a debt provider. Cirque, responsible for many blockbuster Las Vegas as well as touring circus arts shows, had suspended performances in March because of both pandemic stay-at-home orders and lack of demand for large venue shows.

by | June 30, 2020 | 22:07

The liquor giant spent $94.9 million on Facebook advertising in the US alone in 2019, according to estimates by analytics platform Pathmatics. The boycott is the latest front in a growing clash over Big Tech's role in policing political speech, with the left pushing for more restrictions on content and the right accusing internet giants of anti-conservative bias.

by | June 30, 2020 | 20:39

The law was passed at the 20th session of the Standing Committee of the 13th National People's Congress (NPC) on Tuesday. The Liaison Office of the Central People's Government in the HKSAR also released a statement on Tuesday, voicing its support for the adoption of the law and the decision to list it in Annex III to the HKSAR Basic Law .