Economy

Five Eyes network contradicts theory Covid-19 leaked from lab

Five Eyes network contradicts theory Covid-19 leaked from lab

In the USA, the intelligence community has also been more cautious in its public position than its political leaders and, last week, it issued a carefully worded statement. While many traditional Uni...

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Elon Musk and Grimes Supposedly Name Their Baby 'X Æ A-12'

The South-African born businessman had six children with his first wife, Canadian author Justine Musk. Musk initially tweeted on May 4 that the baby was only "a few hours away" before announcing "...

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Carnival Cruise Line plans to resume some operations in August

Carnival Cruise Line plans to resume some operations in August

Until that time, all North American cruises from June 27 to July 31 will be canceled. Norwegian said it does not now have enough cash to meet its financial obligations over the next 12 months thanks...

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Elon Musk, girlfriend Grimes welcome their first child together

In a Twitter rant on Friday, the Tesla billionaire shared his opinion that "Tesla stocks were too high " and quoted The US "Star Spangled Banner" national anthem in an apparent attempt to criticize...

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Trump Says US Press Treats Him Worse than Lincoln

He also rejected any suggestion that his administration was slow to react to the outbreak, telling Fox News: "We did the right thing". He said , "you're gonna have all those seats" at restaurants...

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California Restaurants & Retail Stores Can Reopen May 8, Says Gov. Newsom

California Restaurants & Retail Stores Can Reopen May 8, Says Gov. Newsom

But she said this next phase of re-opening will allow room for regional variations, so long as local governments can certify that they meet state criteria to further loosen shelter-in-place restrictio...

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Trump takes aim at United States pharma in Ireland

He said there are now more than 750 Us companies with investments in Ireland and over 500 Irish companies that employ 100,000 Americans. Some are more optimistic: the Institute for Health Metrics an...

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Westpac profits plunge 70 per cent as bank suspends dividends coronavirus impact

The bank last week announced a $1.6b impairment for potential loan defaults due to the COVID-19 related shutdown and has also put aside $900m for a potential penalty related to AUSTRAC proceedings...

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Furlough application system open for business

Furlough application system open for business

Under the furlough scheme , the United Kingdom government will cover 80% of the wages of employees, up to a maximum of £2,500 (US$3,118) a month. Once HMRC has checked the details, the money should...

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Carnival Cruises announces plan to resume cruises

Carnival Cruises announces plan to resume cruises

Carnival said in a written statement that it intends to resume North American cruises August 1, but Carnival Spirit cruises after that date will remain canceled. All Carnival Spirit Alaskan cruises ...

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Tesla Applies to Become UK Electricity Provider

Tesla Applies to Become UK Electricity Provider

Sky News revealed details of the application, adding it is not clear why Tesla applied to the Gas and Electricity Markets Authority for the licence. "Autobidder is a real-time trading and control p...

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India Manufacturing PMI Plunges Sharply Into Contraction Zone

India Manufacturing PMI Plunges Sharply Into Contraction Zone

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, plunged to 27.4 in April from 51.8 in March, by far its lowest since the survey began in March 2005 and its first time belo...

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Russian Federation reports 9,623 new COVID-19 cases in a day

Russian Federation reports 9,623 new COVID-19 cases in a day

Russia's nationwide death toll rose to 1,280 on Sunday after 58 people died in the last 24 hours, Russia's coronavirus crisis response centre said on its website. The authorities have charged that b...

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U.S. 'magic' to help it recover: Buffett

U.S. 'magic' to help it recover: Buffett

Billionaire investor Warren Buffett on Saturday said that he is confident the USA economy would bounce back from its pummeling by the COVID-19 pandemic because "American magic has always prevailed...

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CARES Act Unemployment Benefit Guidance for Employers

CARES Act Unemployment Benefit Guidance for Employers

Secretary of Labor Eugene Scalia. Pandemic Unemployment Assistance provides benefits to individuals who generally would not qualify for state unemployment benefits, including gig workers, self-emp...

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Walmart hits goal of hiring 200000 employees during pandemic

Walmart hits goal of hiring 200000 employees during pandemic

Earlier this month, full-time Walmart associates received $300 bonuses and part-time associates received $150 million, totaling $365 million paid nationwide. Donna Morris, Walmart's chief people offic...

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Delta, United, American Airlines will require all passengers to wear face masks

Delta, United, American Airlines will require all passengers to wear face masks

A traveler wears a face mask while pulling her baggage to a gate to catch a flight out of Colorado Springs Airport, Friday, April 24, 2020, in Colorado Springs, Colo. airlines followed suit, releasin...

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Montana Businesses Apply For Second Round Small Business Loans

Montana Businesses Apply For Second Round Small Business Loans

The SBA said that as of 5 p.m. EDT on Wednesday, 5,300 lenders had originated 960,000 loans worth almost $90 billion in total, suggesting JPMorgan could account for almost 20% of the value of all loan...

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How major United States stock indexes fared Friday

How major United States stock indexes fared Friday

Technology stocks and companies that rely on consumer spending accounted for a big slice of the decline. Meanwhile, Wall Street's main stock indexes fell about 1 percent on Thursday but still manage...

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European Central Bank launches new lending facility, but holds rates

European Central Bank launches new lending facility, but holds rates

The ECB took the steps after official figures showed the eurozone economy contracted by a record 3.8% in the first three months of the year, the biggest drop since statistics started being kept in the...

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Worcester Walmart Employees Test Positive for COVID-19

Worcester Walmart Employees Test Positive for COVID-19

Worcester city officials were still trying to assess potential for customer risk and was gathering info on where all of the employees worked inside the store. Hirsh said the city is working out how ...

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US Congress calls on Amazon CEO to testify

US Congress calls on Amazon CEO to testify

While Amazon had already been a subject of the antitrust subcommittee's investigation , pressure on the company increased following the publication of a Wall Street Journal investigation into the c...

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American billionaire Warren Buffett sold all shares of airlines due to coronavirus

At the same time, Buffett will not provide support to companies, as he did during the economic crisis in 2008. "But we faced tougher problems, and the American miracles, American magic has always pr...

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Buffett says coronavirus can not stop America

The company's management said in their regulatory filing , "As efforts to contain the spread of the COVID-19 pandemic accelerated in the second half of March and continued through April, most of ou...

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COVID-19 sceptic Elon Musk in epic rant

COVID-19 sceptic Elon Musk in epic rant

Tesla Chief Executive Elon Musk perdicts that the new Model Y crossover may outsell all of Tesla's other models combined. Keep an eye on Tesla's stock price and factory reopening over the next ...

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COVID-19: Renewables grow amid 'plunging energy demand'

COVID-19: Renewables grow amid 'plunging energy demand'

The total drop in energy use is equivalent to the entire energy demand of India - the world's third-largest energy consumer. As a result coal demand is set to fall by 8% this year, natural gas is ...

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Warren Buffett: 'American magic' will spur USA economic recovery

Warren Buffett: 'American magic' will spur USA economic recovery

Buffett made the remarks during the shareholder meeting, which this year is being held in a virtual format as most states are under shelter-in-place measures due to COVID-19. Some businesses cut sal...

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Walmart gives $390K in bonuses to South Dakota associates

According to the company, Walmart associates in Louisiana received a bonus in their paychecks April 30 adding up to $3.52 million statewide. Walmart also announced it reached its goal of hiring an a...

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Zoom Never Had 300 Million Daily Active Users, It Lied!

Zoom Never Had 300 Million Daily Active Users, It Lied!

While it's nice of Zoom to apologize for the error, it'd be nice to know how many daily active users it actually has. The April 22 blog post from Zoom that originally mentioned the company surpassin...

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Alberta reports less than 100 new cases of COVID-19

Alberta reports less than 100 new cases of COVID-19

This could take place as early as May 14. Following that, the province has one final stage they will commence with. Rules and guidance for the use of masks in crowded spaces, especially on mass tr...

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Tesla shares tumble as Musk says stock is overvalued

Tesla shares tumble as Musk says stock is overvalued

Tesla stock dropped from an intra-day high of almost $US770 to $US690 on the tweets. Tesla Inc told furloughed employees on Friday that they will remain out of work for at least another week, postpo...

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Ryanair to cut 3000 jobs and implement pay cuts

Ryanair to cut 3000 jobs and implement pay cuts

Ryanair also warned that it will take at least two years for passenger demand and pricing levels to recover. Ryanair has provided a market update on traffic projections amid the ongoing coronaviru...

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Amazon stock falls after Bezos outlines COVID-19 expenses

Amazon stock falls after Bezos outlines COVID-19 expenses

Sales in Amazon's physical stores category, which is nearly entirely Whole Food Market stores, rose eight per cent to US$4.6 billion in the quarter, the largest increase since Amazon bought the organi...

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Billionaire Warren Buffett's company reports Q1 loss of US$50 bil

Billionaire Warren Buffett's company reports Q1 loss of US$50 bil

Berkshire's first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52 billion of losses from investments, mainly common stocks. By that measure, Berkshire's operat...

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Buffett’s Berkshire posts record net loss on Covid-19, operating profit rises

Berkshire Hathaway Inc . said it lost $49.7 billion, or $30,653 per Class A share, during the first quarter. Net earnings were US$21.66 billion, or US$13,209 per share, a year earlier. Investors and...

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