Finance

by | July 28, 2020 | 19:30

He was executive vice president of Qualcomm Inc QCOM.O , and has been on Accenture's ACN.N board since April 2018. With the sweeping changes, Intel said it hopes to "improve focus and accountability in process technology execution". The last few weeks have been nothing short of a nightmare for Intel, after it was forced to announce its next generation 7nm would be delayed by another six months.

by | July 28, 2020 | 18:41

The bank, however, only approved the US$3.9 million in loans and within a few days, Hines bought the Lamborghini which he jointly registered under his name and the name of one of his companies. The complaint says Hines submitted fraudulent loan applications that made numerous false and misleading statements about the companies' payroll expenses.

by | July 28, 2020 | 16:54

Mnuchin acknowledged over the weekend that the tax incentive did not provide immediate relief, unlike the planned second round of direct payments to Americans with modest incomes. "Senate Republicans have authored another bold framework to help our nation". The White House floated plans to cut the additional aid back to $100 a week, while Senate Republicans preferred $200, with general GOP agreement about phasing out the flat boost in favour of one that ensures no more than 70 per cent of an ...

by | July 28, 2020 | 05:54

The closure in Chengdu comes after the Chinese consulate in Houston , Texas, closed last week over claims it was a hub for spying. Chinese authorities on Monday entered the former US Consulate in Chengdu after it was ordered to be shut in retaliation for the US closing the Chinese Consulate in Houston last week.

by | July 28, 2020 | 02:13

Earlier in the day, the August contract of gold on the MCX hit an all-time high of Rs 51,833 per 10 gram. In the worldwide market, Comex gold was rising 0.40% to $1,904 per ounce today, while Spot gold price rose 1.5% to $1,928.83 per ounce today, after hitting an all-time high of $1,933.30.

by | July 27, 2020 | 23:58

Spot gold blasted past its longstanding record as the dollar plunged and concerns about the global economy boosted demand for havens. The greenback was also down against most other currencies, with the euro at its highest since September 2018.

by | July 27, 2020 | 22:20

Most tech companies have announced that the bulk of employees can work from home until the end of 2020, or haven't finalized a timeline. Google employees will remain working from home until at least next July, it has been reported . Meanwhile, Facebook's CEO Mark Zuckerberg this spring said numerous social giant's employees will be allowed to work from home permanently even after the coronavirus crisis ends.

by | July 27, 2020 | 16:28

Recently, "as businesses sell more online and need to track customers and employees remotely, SAP's e-commerce units and Qualtrics have proven bright spots, RBC Capital Markets analyst Alex Zukin wrote in a note earlier in July". McDermott had defended the deal, believing that combining SAP's workforce and a trove of operational data with Qualtrics's customer experience feedback would accelerate growth.

by | July 27, 2020 | 09:45

The company claims it has since identified two more former workers who have gone on to work at Rivian and alleges they "likely misappropriated Tesla trade secret, confidential or proprietary information". Rivian denies the accusations, saying the alleged actions are "counter to Rivian's culture, ethos and corporate policies". "This requires the contribution and know-how of thousands of employees from across the technology and automotive spaces".

by | July 27, 2020 | 09:27

He has said he would consider Huawei's role in a trade deal at the final stage of negotiations, the court application says. In a now-unavailable post on WeChat, the lender said that its actions did not trigger U.S. 'A bargaining chip in trade negotiations'U.S. President Donald Trump talks to reporters in the Oval Office of the White House in Washington, U.S., September 4, 2019.

by | July 26, 2020 | 18:57

The winners chose to receive a one-time cash payment, which is why the final amount was significantly less than the original win. The winners do not yet know where they will spend the money, but said they "can't think of a better reason to retire".

by | July 26, 2020 | 17:38

The hearing, which was initially scheduled for Monday, has been rescheduled for 12 p.m. ET , as Axios first reported on Saturday morning . A scheduling conflict is to blame. "As we have said from the start, their testimony is essential for us to complete this investigation ". Congress began looking into the matter in 2019.

by | July 26, 2020 | 13:28

Now, if a customer walks into McDonald's and definitely does not want to wear a mask, what McDonald's is telling workers to do is to take care of that customer in an expedient way, so very quickly so it doesn't escalate, and also protecting other customers inside who are wearing their masks.

by | July 26, 2020 | 11:01

The complaint alleges the "vast" scam is continuing on YouTube , with tens of millions of dollars in cryptocurrency stolen. Wozniak sued along with 17 other alleged victims of the scam. Yesterday Cotchett, Pitre & McCarthy, a law firm based out of the San Francisco Bay Area, announced that it had filed a suit against YouTube and its parent company, Google.

by | July 26, 2020 | 10:01

Manufacturers of ships and aircraft were among the biggest winners, with shares of Cssc Science & technology Co., Ltd. surging by the daily limit of 10 percent. Asian stocks were down on Thursday morning, with U.S. "And so, while the inevitability of deteriorating US-China relations as a structural feature of our geo-political landscape was never in doubt, the shifts appear to be hastened", Narita said.

by | July 26, 2020 | 04:38

Oil prices edged higher, supported by a weaker dollar. "The pace of this thing is unbelievable", Bob Haberkorn, a senior market strategist at RJO, said by phone. On the geopolitical front, Secretary of State Michael Pompeo cast China's leaders as tyrants bent on global hegemony. This follows the U.S. government's similar order on China's consulate in Houston earlier this week.

by | July 26, 2020 | 02:23

The Nasdaq composite lost 244.71 points, or 2.3%, to 10,461.42. Other stock indexes around the world were mixed, while uncertainty across markets helped gold touch its highest price in almost nine years. Even within the S&P 500, 44% of stocks rose. Republicans in the Senate were set to unveil their proposals for a $1-trillion COVID-19 rescue package Thursday morning, but that got delayed.

by | July 25, 2020 | 23:01

Ascena said it plans to "strategically reduce" its footprint with the closing of a significant number of Justice stores and a select number of Ann Taylor, Loft , Lane Bryant and Lou & Grey locations. This spring, Ascena furloughed 90% of its workers when it temporarily closed its stores while also canceling merchandising orders where possible to preserve cash.

by | July 25, 2020 | 17:19

It's called the X7 Dark Shadow Edition, and it's a special edition that will be offered for the 2021 model year only. The German automaker says the new model will bear the "status of a collector's item", with only "about 500 units" scheduled to be built at its Spartanburg plant for the worldwide market from August 2020.

by | July 25, 2020 | 15:56

Mitch McConnell , the Republican Senate majority leader, had been expected to announce the party's stimulus proposal on Thursday morning, only to reverse course later in the day and announce the plan would not come until next week. "I would be very much averse to separating [unemployment benefits] out and lose all leverage [on Republicans] for. meeting all of the other needs", Pelosi told reporters .

by | July 25, 2020 | 13:52

It would be great for workers. The Republican-controlled Senate on Thursday overwhelmingly passed a defense appropriations bill that calls for renaming USA military bases that honor Confederate officers - a provision that President Trump has threatened to veto.

by | July 25, 2020 | 13:01

Brent crude fell 25 cents to $43.06 a barrel by 0713 GMT, and US West Texas Intermediate (WTI) crude eased 28 cents to $40.79. " Oil . lost its lustre as demand-side jitters returned to the fore of concerns". The variety of Americans declare welfare struck 1.416 million recently, all of a sudden increasing for the very first time in nearly 4 months, recommending the US financial healing is stalling in the middle of a renewal in COVID-19 cases.

by | July 25, 2020 | 07:36

It would be great for workers. Republican Senators and the White House have reached an agreement in principle on a major portion of an upcoming Coronavirus aid bill. Democrats want to extend the $600 payment through January, but the White House and Republicans want to greatly reduce the figure, alleging it has reduced the incentive for people to return to work.

by | July 25, 2020 | 01:50

The summary also explicitly left out additional aid to state and local governments, which have confronted massive budget shortfalls due to falling tax revenues. How this unfolded: Several Republicans pointed out that the White House had to move quickly in the GOP direction in order to get a deal together.

by | July 24, 2020 | 22:41

Twitter's average monetizable daily active users (mDAU) increased 34% year over year to 186 million, above analysts' target of 176 million. Despite some modest rebound from the pandemic-induced economic slump, Twitter said that "many brands slowed or paused spend in reaction to USA civil unrest" in May and June.