Finance

by | May 19, 2020 | 11:56

AstraZeneca ( AZN ), and several other vaccine makers are all racing to develop a critically needed vaccine for the coronavirus . A new COVID-19 vaccine now proceeds to phase 2 human trial-spearheaded by US -based firm Moderna. Anthony Fauci. "By about the end of the year, the start of next year, there's a reasonable likelihood that we'll see this vaccine on the market, at least on the American market", he said in the Channel 12 interview from Moderna's headquarters in MA.

by | May 19, 2020 | 02:40

It was back in September 2017 that vacuum cleaner giant Dyson announced it would build a range of electric vehicles . Sir James Dyson - founder of household electrical appliance company Dyson - has revealed the electric auto his company was working on before cancelling the project late previous year.

by | May 18, 2020 | 22:15

The Department of Justice and a group of state attorneys general are both preparing to file lawsuits against the company, as per sources speaking to the Journal , though the specifics of these lawsuits are unknown. "It is about how Google has used the market power it already had in search as a springboard, for more than a decade, from which to deploy an ever-increasing number of interrelated anticompetitive tactics, all of which build on prior moves".

by | May 18, 2020 | 21:34

While he rejected the idea that the pandemic will lead to a second Great Depression, the nation's top central banker said it's unclear just how quickly the economy will get back on its feet as states begin to lift lockdowns aimed at curbing the virus.

by | May 18, 2020 | 19:29

The news comes seven months after the billionaire had chose to can the project to come up with this electric vehicle . As points out, the Tesla Model S can go 379 miles and the Model X can hit 314 miles on a charge, making Dyson's feat here particularly stand out.

by | May 18, 2020 | 18:40

Prices are unlikely to drop below $20 a barrel unless there are new and more deadly waves of the outbreak in major economies, he said. Crude Oil futures prices continue to recover from the historic April lows as a combination of production cuts and signs of increasing demand appear to have stabilized the market in the near-term, per Charles Schwab.

by | May 18, 2020 | 13:11

The testing program, which offered at-home testing kits to Seattle-area residents under authorization from Washington state, was ordered to stop activities and wait for additional approval from the FDA. Those labs have their own emergency authorization to process Everlywell's coronavirus tests. This comes a day after the announcement of some $9.7 million funding from the Bill & Melinda Gates Foundation for Korean telecom company KT's research for epidemic preparedness solutions using ...

by | May 18, 2020 | 10:01

The Fed chairman suggested that the worst economic readings were yet to come, even as states begin to gradually reopen . He also said a full recovery will be closely tied with consumer confidence in being around others, which may only return to normal after a vaccine: "The parts of the economy that involve people being in the same place very close together, those parts of the economy will be challenged until people feel really safe again".

by | May 18, 2020 | 08:25

Both developments highlight the increasingly tense technology competition between the USA and China. He called the rule change a "highly tailored thing to try to correct that loophole". companies including Qualcomm, Cisco and Apple. The United States has blacklisted Huawei, making collaboration with American businesses nearly impossible.

by | May 18, 2020 | 04:54

The Fed chief noted that people should not "bet" against the American economy in the long run, even in the medium run. It may take a while. But it remains an open question whether the central bank's actions will be sufficient if it takes a long time for the economy to fully reopen, leaving businesses short on income for an extended period and increasing the risk that many will close.

by | May 18, 2020 | 01:07

The electric auto maker has said it wants the factory to be in the center of the country and closer to East Coast markets. "In my opinion, given the recent threats of the CEO to leave the state of California , and everything else we've discussed today, this proposal does not rise to the level for me to feel secure in supporting it", said Gretchen Newsom, a panel member and the political director of an IBEW electrical workers union local.

by | May 17, 2020 | 17:59

Most locations closed for dine-in service in March due to COVID-19. If you've been missing your Maccas more than you'd care to admit, now is the time to jump for joy as the popular fast-food chain has confirmed that a number of their Dublin drive-thrus will reopen next week.

by | May 17, 2020 | 15:40

Trudeau also announced researchers on the east coast will play a part in finding the cure for COVID-19. The airline chose to slash its workforce after reducing flights by 95 percent due to border closures and lockdown measures, it said in a statement emailed to employees and seen by AFP.

by | May 17, 2020 | 15:01

That revision put Germany into a technical recession, defined as two consecutive quarters of economic contraction. He added: "If today's data are the result of two weeks of lockdown, three more weeks of lockdown and a very gradual lifting of some measures do not bode well for the second quarter".

by | May 17, 2020 | 12:27

The Plano, Texas-based company had been cited by analysts for its lack of a successful digital platform. "As a result, the American retail industry has experienced a profoundly different new reality, requiring JCPenney to make hard decisions in running our business to protect the safety of our associates and customers and the future of our company", CEO Jill Soltau said in a statement.

by | May 17, 2020 | 10:09

Forecasts peak decline of global refining activity shifting from April to May. "But we still believe that in the near term, the upside is limited given that we are still in a surplus environment ..." Despite a faster than expected recovery in demand and steep output cuts by OPEC+ and USA shale producers, oil price gains could remain limited in the near term due to huge global oil stock overhang and the potential for price-sensitive U.S.

by | May 17, 2020 | 04:26

The Reuters report cites sources who are "familiar with the plan" as saying that new, cheaper batteries are created to make the auto run for a million miles and thus make Tesla more profit as they could then compete with the gasoline vehicles in the same price range .

by | May 16, 2020 | 22:56

She said that only the litigated dues are not being cleared, rest all accumulated dues and which are getting added in present will be handled. Minister for MSMEs and Road and Highways Nitin Gadkari has appealed to all stakeholders including the private sector to fast track the outstanding payments to MSMEs at the earliest.

by | May 16, 2020 | 10:13

He said the US government may need to pump even more aid into the economy, which is bleeding millions of jobs every week. The data came after US President Donald Trump ratcheted up trade tensions with China by moving to block semiconductor shipments to China's Huawei Technologies from global chipmakers .

by | May 16, 2020 | 06:36

Self-Help has assisted more than 1,100 PPP borrowers with a median loan size of $35,000. For small businesses not able to access PPP loans, Northern Trust is investing in CDFIs that can provide them loans through state COVID-19 small business loan pools, such as the Illinois Small Business Emergency Fund and the San Francisco Hardship Emergency Loan Program.

by | May 15, 2020 | 22:58

Output data for the fourth quarter was revised to a contraction of 0.1 percent from a previously reported stagnation, which meant Germany was technically in a recession after two successive quarterly output slumps, the data showed. The German economy "will start to defreeze" in May, Allianz economist Katharina Utermoehl said in a research note. Prospects are even worse, however, for peers including France and Italy where, respectively, coronavirus deaths top 27,000 and 31,000 and the ...

by | May 15, 2020 | 22:27

The research predicts Bezos will become a trillionaire in 2026. Jeff Bezos , topped the list for the third year in a row, despite giving $36 billion worth of his Amazon stock to his ex-wife MacKenzie Bezos as part of their divorce settlement last summer.

by | May 15, 2020 | 17:40

Azevedo, a 62-year-old Brazilian, announced the decision to WTO delegates on Thursday. Azevedo claimed success on issues like a Trade Facilitation Agreement aimed to cut through red tape and bureaucratic delays in trade, and expanding export of goods and services from developing countries.

by | May 15, 2020 | 15:55

House Speaker Nancy Pelosi unveiled a more than $3 trillion coronavirus aid package, a sweeping effort with $1 trillion for states and cities, "hazard pay" for essential workers, and a new round of cash payments to individuals. The White House criticized $25 billion in aid for the struggling Postal Service, a favorite Trump target. While much of the bill has to do with allocating funds, there are also previsions that aim to address the pandemic in other ways.

by | May 15, 2020 | 09:37

According to a recent report by Bloomberg , Apple is planning for more of its staff to return to its Apple Park in California. Facebook will begin reopening its offices in early July but will permit employees to work remotely for the rest of the year.