by | August 27, 2020 | 23:12

Eight of the 11 major S&P sectors were trading higher, with economically-sensitive financials leading gains. US crude futures settled up 4 cents at $43.39 a barrel. Setting out the central bank's aggressive new strategy at a virtual Jackson Hole symposium, Fed chief Jerome Powell said it would offset below-2% periods with higher inflation "for some time" and ensure employment doesn't fall short of its maximum level.

by | August 27, 2020 | 20:29

In corporate news, software giant Salesforce smashed earnings expectations after the close on Tuesday and will now replace Exxon Mobil in the Dow Jones, while American Airlines said it would cut 19,000 jobs in October when a United States government coronavirus wage support scheme extended to the industry ends.

by | August 27, 2020 | 17:58

He is $90 billion richer than Bill Gates , who is the world's second-richest person, now worth $116.1 billion, as per a Forbes report. Microsoft cofounder Bill Gates , the second-richest person in the world with a net worth of $US116.1 billion, now trails Bezos by a distant $US88.5 billion.

by | August 27, 2020 | 17:41

Everyone knows what economists are saying but the Centre "did nothing except holding video conferences", he said, claiming that the Union government did not consider their suggestions. The Finance Minister held a virtual media briefing on the outcome of the meeting following the meeting.The meeting took place amid a major revenue shortfall for both Centre and states.

by | August 26, 2020 | 21:55

Of the 27,000 flight attendants American employed pre-pandemic, 2,700 have left the company permanently, 4,500 will take voluntary leave in October, and 8,100 will be on furlough. In July 2020, the airline sent letters to roughly 25,000 employees warning them of possible layoffs and furloughs. Based on current demand levels, American now plans to fly less than 50 per cent of its normal schedule in the fourth quarter, with worldwide flying reduced to only a quarter of 2019 levels, Parker and ...

by | August 26, 2020 | 21:40

Benchmark oil prices hit a five-month high on Wednesday, with the evacuation of hundreds of United States offshore oil facilities ahead of Hurricane Laura sparking fears of shortages. Laura has the potential to take some big refineries offline and disrupt global energy flows. Winds speeds are forecast to be below tropical-storm strength, but could range from 10-20 miles per hour in Harrison, Jackson and most of Hancock County with higher gusts if Laura remains on its current path.

by | August 26, 2020 | 18:42

Hangzhou Junao, an entity owned by key Ant and Alibaba executives, owns 20.66%, while Hangzhou Junhan, which holds shares on behalf of Ant employees, owns 29.86%. Alibaba Group , and its affiliate Ant, are major investors in a handful of unicorns in India including Paytm , the most valued Indian startup in which it owns about 30% stake, food delivery startup Zomato , grocery delivery startup BigBasket, and e-commerce firm Snapdeal.

by | August 25, 2020 | 11:23

The U.S. said Monday it's considering options including an appeal of a World Trade Organization dispute ruling that backed Canada's claim the U.S. imposed unfair tariffs on its imports of softwood lumber. The setback for the U.S. emerges at a time of heightened trade tension between Washington and Ottawa, just weeks after the U.S. -Mexico-Canada free-trade agreement came into force.

by | August 25, 2020 | 08:36

FEMA's grant funding will allow MS to provide $300 per week on top of their regular unemployment benefit to those unemployed due to the coronavirus pandemic. Earlier this month, President Donald Trump signed an executive order allocating up to $44 billion from FEMA's Disaster Relief Fund to support unemployed workers.

by | August 25, 2020 | 02:00

The Republican Party has formally nominated President Donald Trump for a second term in the White House as the party's four-day convention kicked off in Charlotte. On Monday, it is "Land of Promise", which a Trump campaign official said honors "the promises President Donald J. Trump has kept since his first presidential campaign".

by | August 25, 2020 | 00:12

The Dow was meanwhile the biggest gainer, advancing around 0.9%, or 250 points. The Nasdaq Composite was up 53.40 points, or 0.47%, at 11,365.20. "There's been a broadening in this rally and the what's reflected in the transports", said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.

by | August 24, 2020 | 21:41

The detention of opposition activists follows Sunday's demonstration in Minsk that drew an estimated 200,000 people pushing for President Alexander Lukashenko to step down following the August 9 election, which the opposition saw as rigged.

by | August 24, 2020 | 21:02

His job protection scheme, which has so far cost 35 billion pounds, is due to expire at the end of October and he is facing calls from unions, the opposition Labour Party and many business leaders to come up with alternative forms of support.

by | August 24, 2020 | 19:37

The federal Centers for Disease Control and Prevention first announced a peach recall at Aldi's last week after being linked to salmonella cases in nine states, but the FDA has now expanded the recall to Wegmans, Target, Walmart and Kroger stores nationwide.

by | August 24, 2020 | 17:37

Other tech giants, including Amazon , Alphabet and Microsoft , also boast market caps of over $1 trillion. Even amid the pandemic, which at least temporarily closed most Apple Store locations, Apple's business has been robust, as they've continued to sell huge numbers of iPhones, while the company's Services category has been massively successful as well.

by | August 24, 2020 | 05:29

About 3 million are expected to move to an enhanced employment insurance program, with another 1.5 million shifted into new programs, Finance Minister Chrystia Freeland and Employment Minister Carla Qualtrough said at a press conference in Ottawa.

by | August 24, 2020 | 04:55

As the country continues to reopen, we can expect to see more companies following suit. "We were uniquely positioned to respond quickly and allow folks to work from home given our emphasis on decentralization and supporting a distributed workforce capable of working from anywhere", Twitter previously indicated in an official bog post.

by | August 24, 2020 | 03:53

Of those, almost 54 per cent of the incidents occurred because someone forgot a child in the vehicle. It is not known yet, if the FCC will approve Tesla's request. Not only that, but Tesla also highlighted that the radar-based device would detect movements such as breathing patterns and heart rates to ensure that the detection is accurate.

by | August 23, 2020 | 22:07

The Belarusian Association of Journalists reported the shutdowns today, which included sites for the US-funded Radio Liberty and Belsat, a Polish-funded satellite TV channel focusing on neighbouring Belarus . "Threats, intimidation, blocking no longer work", one of the women in the chain said. Lukashenko has consistently repressed opposition during his time in office and weariness with his hardline rule, as well as dismay over the country's deteriorating economy and Lukashenko's cavalier ...

by | August 23, 2020 | 21:39

Anyone who has eaten any of the recalled peaches and developed symptoms of Salmonella infection should seek medical attention. The culprit seems to be Wawona-brand bagged peaches sold at ALDI, Target , and possibly other stores in 15 or so states, including Minnesota, Wisconsin, Iowa, and South Dakota.

by | August 23, 2020 | 16:28

Chaya Bruck and her children were kicked off the flight. Dina's mask was an issue on the flight to Orlando, as well, Bruck said, when crew members-including one who also was on her return flight-argued with her about Dina's age and the mask policy.

by | August 23, 2020 | 11:27

This announcement was made during a securities presentation on Friday morning, August 21, and in memoranda that were sent by CEO Jeff Bezos and Wilke to Amazon workers. "Those of you who have worked with Dave know his incredible passion for serving customers and supporting our employees - I am excited for him to lead our teams and continue innovating for customers".

by | August 23, 2020 | 10:26

Combined with June's 20.2% gain, home sales have mushroomed by almost 50% in two months to fully retrace the cratering in residential real estate activity in the spring after the COVID-19 pandemic started spreading across the country. Low interest rates helped, notes the Wall Street Journal . Before the start of 2020, economists anxious about the low inventory of existing homes for sale and suggested it would curtail sales activity.

by | August 22, 2020 | 23:28

Qantas Group has suffered a $A2.7 billion ($2.9b) statutory loss before tax because of aircraft write downs and redundancy costs and a 91 per cent plunge in underlying pre-tax profit. Most worldwide flights, he said, are also unlikely to resume until a vaccine is widely distributed, which might occur in mid- to-late next year. Qantas has repeatedly made deeper cuts as the scale of the crisis became apparent in the first half of this year.

by | August 22, 2020 | 12:58

Visit Business Insider's homepage for more stories . Virtual town hall sessions that were once held each month are now weekly affairs where anxious employees ask top executives if their paychecks will keep coming if the app goes dark in the US In response, executives have pointed to India, where TikTok has been banned but ByteDance Ltd., the Chinese company that owns the app, hasn't cut jobs.