Finance

by | July 07, 2020 | 06:42

The state of play: This is Berkshire Hathway's first major deal since the coronavirus pandemic hit the US, per CNBC. The transaction includes more than 12,390km of natural gas storage and transmission pipelines and about 900 billion cubic feet of gas storage.

by | July 07, 2020 | 04:14

One of Britain's leading thinktanks - the Resolution Foundation - has estimated that the coronavirus job retention scheme (CJRS) will cost the exchequer £40bn in its initial March to May phase given the large number of private firms taking advantage of it.

by | July 07, 2020 | 02:51

Postmates holds about 8% of the United States food delivery market while Uber Eats holds roughly 22%. By acquiring Postmates, Uber not only gets the bigger share of the food delivery market it has long desired, an estimated 31% of the business, but it also shores itself up against further pandemic-related losses in its ride-sharing division.

by | July 07, 2020 | 01:23

The firm also owns P.F. Chang's China Bistro, which also obtained a loan through the PPP program. The extension to the Payroll Protection Program (PPP), which was launched in April to keep Americans on company payrolls and off unemployment assistance, gives business owners an additional five weeks to apply for funding assistance plagued by problems.

by | July 06, 2020 | 19:10

Australians have been warned the country is entering a new "dangerous phase" of the pandemic. Residents in at least 36 "hotspot" suburbs were put into a separate lockdown last week. © Provided by Associated Press Police guard access to housing commission apartments under lockdown in Melbourne, Australia , on Monday, July 6, 2020.

by | July 06, 2020 | 13:56

The Senate passed the extension on Tuesday, and the House vote sends the bill to President Trump's desk. The bipartisan plan to extend the forgivable loan program created to keep workers on payrolls was hatched by USA senators Chuck Schumer (D-New York), Ben Cardin (D-Maryland), Marco Rubio (R-Florida), Susan Collins (R-Maine), and others.

by | July 06, 2020 | 08:12

In tandem, the road towards becoming the world's most valuable automotive company had not been rosy for Tesla Inc., which had to stomach several years of losses, however, after European Union and the U.S. Tesla delivered 10,600 Model S sedans and Model X SUVs, which was far above the consensus of 8,569 and a little above Canaccord Genuity's 10,000 estimate.

by | July 05, 2020 | 22:24

Provincial health officials confirmed an additional 138 new cases of the virus today, up slightly from the 121 reported one day prior. More than 670 migrant farm workers have tested positive for COVID-19 in Essex County. Ontario's health ministry reported two more deaths on Sunday, for an official total of 2,689 people dead from the infection. As of that statement, more than2,885,000 people had been tested for COVID-19 so far.

by | July 05, 2020 | 21:24

Zuckerberg said: "We're not going to change our policies or approach on anything because of a threat to a small percent of our revenue, or to any percent of our revenue". Zuckerberg is due to meet with the boycott's organisers himself after negotiations with lower-ranking executives stalled. "Usually I tend to think that if someone goes out there and threatens you to do something, that actually kind of puts you in a box where in some ways it's even harder to do what they want because now it ...

by | July 05, 2020 | 14:39

He crashed his vehicle into the lobby area, causing a fire, where a few employees were working. Authorities said the alleged gunman's condition is unknown, but a witness described him to a Corning Observer reporter as a "white man with black hair, wearing a green and gray T-shirt and black shorts".

by | July 05, 2020 | 13:10

But a recent resurgence of COVID-19 cases, particularly in the U.S. South and West, has raised doubts about whether those hopes were premature or overdone. Tuesday's volume on the New York Stock Exchange totaled 3.62 billion shares with 2,012 issues advancing, 57 setting new highs, and 988 declining, with six stocks setting new lows.

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.