Finance

by | January 29, 2021 | 06:17

However, this was better than the revised -11.4% in the third quarter and the record -16.9% in the second quarter. The US economy shrunk by 3.5 per cent a year ago as COVID-19 ravaged services businesses like restaurants and airlines, throwing millions of Americans out of work and into poverty.

by | January 29, 2021 | 00:13

In an earlier announcement on Monday, Apollo said that an independent review of Black's ties with disgraced financier Jeffrey Epstein , conducted by law firm Dechert LLP, found that Apollo never retained Epstein for any services and Epstein never invested in any Apollo-managed funds.

by | January 28, 2021 | 20:05

The push for a minimum wage hike has moved to Congress. "Even before the COVID-19 pandemic, the $7.25 federal minimum wage was economically and morally indefensible". Bureau of Labor Statistics, the researchers examined how many infant lives would have been saved if states had not prevented cities and counties from raising their minimum wages.

by | January 28, 2021 | 08:59

Production is set to resume before April, Tesla said. "It will also make it easier having a factory in Berlin and one in Texas, just from a logistics standpoint", Musk said at the earning calls earlier on Thursday (Australian time). Ives, who has a price target of 950 for Tesla stock , says he believes 40% or more of its sales will come from China by 2022. Check out the full press release on the official Tesla Investors Relations website for more info.

by | January 28, 2021 | 06:02

Here's everything we know. However, the interior and exterior of both EVs have remained relatively unchanged. CEO Elon Musk said production of the new cars has already begun and deliveries will begin in February, although the Tesla website has it listed as March.

by | January 28, 2021 | 03:56

CGTN anchor Michelle Van den Bergh comments. However, the Washington-based crisis lender warned the outlook is beset by "extraordinary uncertainty", and governments will need to continue to act to prevent lasting damage after Covid-19 caused the worst peacetime economic crisis since the Great Depression.

by | January 28, 2021 | 00:05

The company has also twice before delayed when it wants workers to return to offices. As a way of offering a great work environment, Pichai said, "We firmly believe that in-person, being together, having a sense of community is super important when you have to solve hard problems and create something new, so we don't see that changing".

by | January 27, 2021 | 18:40

Fees under the Civil Emergency Measures Act (CEMA ) can include fines of up to $ 500; up to 6 months in prison; or both, depending on Yukon's Covid-19 orders and directions. region. Territorial enforcement officers received a call about the pair who were later intercepted at the Whitehorse airport trying to leave Yukon, he said.

by | January 27, 2021 | 15:54

In a federal lawsuit , the electric-car maker cast Alex Khatilov as a "willful and malicious" thief who moved some 26,000 highly sensitive company files to his personal Dropbox account "with the deliberate intent to injure Tesla's business".

by | January 27, 2021 | 13:26

In its latest World Economic Outlook update for January, the International Monetary Fund forecast global growth for 2021 at 5.5 percent, 0.3 percentage points higher than its October forecast . The pandemic is exacerbating inequality, with close to 90mn people likely to fall into extreme poverty in 2020 and 2021, the fund said. And newly installed President Joe Biden is pushing for a massive $1.9 trillion rescue plan that would provide support to families, businesses, and struggling ...

by | January 27, 2021 | 12:59

According to Oxfam , their increase in wealth would be more than enough to pay for a Covid-19 vaccine for all, which the organization estimated at $141.2 billion. "It is morally repugnant to allow the poorest people to continue to pay the price for the crisis, when it is clear that a fair tax on the richest could make such a difference", Rebecca Gowland, Oxfam's head of inequality, said last month, the BBC reported.

by | January 26, 2021 | 21:03

As of 1555 GMT, the Dow Jones Industrial Average was up 0.16% at 31,010.05, while the S&P 500 was 0.11% firmer at 3,859.60 and the Nasdaq Composite started out the session 0.27% stronger at 13,673.10. The S&P 500 and Nasdaq each ended at records Monday. The drugmaker's shares slipped -0.11%. Traders noted that the jump in shares could be short-sellers quickly buying back into the stock to cover potential losses and retail investors piling in to benefit from the surge.

by | January 26, 2021 | 19:43

The total projected amount of Pfizer COVID-19 vaccine supplied to Britain between January and March is unchanged by a planned upgrade at a production facility. She also anticipated that the Commission intends to activate an export transparency mechanism for more clarity on transactions and full transparency concerning the export of vaccines from the EU.

by | January 26, 2021 | 19:02

The brief statement did not identify the source of the target and the Houthis said they were not involved. The Saudi-led coalition in Yemen announced on Saturday intercepting an air projectile launched by the Iran-backed Houthis in Yemen toward Riyadh.

by | January 26, 2021 | 08:24

While Xi's speech may have echoed similar themes from his 2017 address, today's circumstances are markedly different. Former President Donald Trump took a confrontational stance towards Beijing. "In particular, we should strengthen cooperation in vaccine research and development, production and distribution, so that vaccines can truly become a public good that are accessible and affordable to people in all countries", he said.

by | January 26, 2021 | 05:43

If you're in the U.S., you can now apply for a PLEX account with Citi Bank and SFCU, although Google has confirmed it is working with 11 other major banks on this initiative. "But there's so much more we can do", general manager for Google Pay Caesar Sengupta said. In many ways, Google is emblematic of the future of finance.

by | January 26, 2021 | 04:22

Permanent U.S. residents and family members and some other non-U.S. citizens are permitted to return to the United States under the order. The maximum number of beneficiaries in the country are from Karnataka where 1,84,699 people have been inoculated.

by | January 26, 2021 | 02:56

The annual growth in the October-December investment picked up from the 1.1% increase in the previous quarter, the Investment Coordinating Board (BKPM) data showed. Despite projections for the world economy to recover in 2021, UNCTAD expects FDI flows to remain weak as the pandemic persists. John concluded this year that "investors will be cautious", indicating that the gradual recovery of the indicator depends on factors such as vaccination campaigns, new waves of Govt-19, state crisis ...

by | January 25, 2021 | 22:12

Analysts have pointed to $40,000 as the key level that bitcoin needs to surpass in order to draw fresh money from investors riding cryptocurrency momentum. That said, per bybt.com, following the BTC 16,240 added last Monday, the Trust grew by additional BTC 13,390. BTC was steady on Friday as it held almost $31,000.

by | January 25, 2021 | 18:21

The move will cost the company an estimated $610 million, according to a filing they made with the Securities and Exchange Commission. The vehicles were previously recalled for passenger-side inflators. However, we respect NHTSA's decision and will issue a recall", Ford conceded. Analysts are anticipating good news from Ford when it releases quarterly results February 4.

by | January 25, 2021 | 15:40

Italy, which is using vaccines by Pfizer and Moderna Inc as AstraZeneca awaits clearance for use of its vaccines across the European Union , says Pfizer deliveries were 29% lower than planned this week and would be down 20% next week. Italy's Prime Minister Giuseppe Conte at the weekend said the government was considering legal action against AstraZeneca's "unacceptable" announcement.

by | January 24, 2021 | 19:00

Photo taken on January 21, 2021 shows the European Central Bank (ECB ) President Christine Lagarde during the live streaming of a press conference following ECB's governing council meeting held at the ECB headquarters in Frankfurt, Germany.

by | January 24, 2021 | 16:04

Britain, Canada, Germany, Saudi Arabi, and Japan are among other strong backers of the programme, which intends to finance vaccines for the poorest 92 countries through donations, while the rest will buy doses through the facility."In the biggest global health crisis arguably in the last century, the USA really has been absent from global efforts to control the pandemic and distribute the interventions that could make the biggest difference for the world's poorest and most vulnerable people", ...

by | January 24, 2021 | 13:33

About this, users are very nervous and anxious about their private chat or photo-video messaging platform. Amid many doubts, let's try and address some of the more important questions on everyone's mind. This means that ads will be shown based on your likes and dislikes and other habits. She said there would be no change in the way WhatsApp shares deliver data with Facebook for non-business chats and account data.

by | January 24, 2021 | 11:14

Diesel prices also neared an all-time high as fuel rates were increased for the second consecutive day. Given that the price of petrol in Mumbai was Rs 75.28 a litre on April 1, 2020, it means the cost of this fuel has risen by Rs 17 a litre in nine-and-a-half months.