The Covid-19 pandemic has triggered the "most severe recession in almost a century", the Organisation for Economic Co-operation and Development warned on Wednesday as it released two scenarios for h...
Musk said in an internal memo that it was time to bring the Tesla Semi to "volume production". As Futurism points out, much like the Crew Dragon's module, the driver's seat inside the Tesla Se...
The challenge, which comes as Europe mobilizes trillions of euros to bolster the area's financial system, is geared toward shielding industrial banks from any second fallout from the disaster, if risi...
But it seems some have mistaken the legit cards for a scam . The U.S. Department of the Treasury is now mailing them in the form of prepaid debit cards . Most information concerning the economic i...
Gold rose on Monday due to technical buying after a sharp fall the previous session, while investors waited for the outcome of the meeting of the Federal reserve. Palladium dipped 4.1% to $1,939.50, ...
Investors are awaiting a meeting of the Federal Reserve later in the day for signals on the future of stimulus for the USA economy. The Federal Reserve on Wednesday said it was committed to providin...
In futures trade, the ASX SPI 200 index had declined more than 1 per cent to 6,053, indicating the share market would fall today after seven days of rises. However, the rally waned as Powell warned th...
The S&P 500 index was down 10.18 points at 3,197.00, while the Nasdaq composite was up 53.67 points at 10,007.42. Due to the cloudy economic outlook, many companies in recent months have withdrawn o...
U.S. crude and gasoline inventories are estimated to have fallen by 1.5 million barrels and about 100,000 barrels respectively in the week to June 5, a preliminary Reuters poll showed ahead of a re...
Powell & Co. reiterated the Fed funds rate would stay in the 0% to 0.25% range for the foreseeable future and stressed continued bond-buying to support market functioning. GDP. The National Bureau...
The scant inflation also will reinforce the Federal Reserve's willingness to pump liquidity into the economy to insulate it from shocks caused by the pandemic, since there are no signs that policy i...
The blockbuster initial public offering (IPO) highlights the strong appetite for new stock offerings by companies with an online-focused business against the backdrop of the COVID-19 pandemic. Incom...
Japan and Britain formally began talks on a free trade agreement on Tuesday, aiming to reach an agreement on a post-Brexit trade deal by the end of this year. "This deal will provide more opportuniti...
The World Bank expects India's economy to contract 3.2 percent in the current fiscal. The Washington-based multilateral lender said the Covid-19 pandemic and the multi-phased lockdown imposed to c...
The province's emergency management cabinet committee was scheduled to meet on Monday, with an announcement to follow. After no update on Sunday, Dr. Health officials say there are 355 active cases ...
The US economy alone is expected to contract by 6.1 percent in 2020, 7.9 percentage points below previous forecasts, the report added. The statement follows an announcement made by the Department of L...
Glassman has since apologised. In a subsequent tweet , Glassman attacked the IHME, which monitors the COVID-19 coronavirus by saying, "Your failed model quarantined us and now you're going to mod...
Stocks have been rising since late March, at first on relief after the Federal Reserve and Capitol Hill pledged to support the economy and more recently on hopes that the recovery may happen more quic...
SS Casino Dry Gin has been recalled. Nine 700ml bottles of SS Casion Dry Gin, which were sold at the Great Ocean Road Brewhouse in Victoria between 5pm on Friday and 7.30pm on Sunday, were affecte...
The Labor Department also noted that workers in millions were misclassified as "employed but not at work", during the coronavirus pandemic. 367,800 jobs returned in the retail industry, clothing sto...
Global gross domestic product will probably shrink 5.2% in 2020, the Washington-based development organization said in its semi-annual Global Economic Prospects report Monday. Once mitigation measures...
But the boss of Ryanair has said the rules are a "political stunt" and are not a quarantine and he claimed even the Home Office acknowledged the rules were unenforceable. The new rules, which are de...
Shortly before Berger's firing, Glassman was quoted as saying: "He needs to take a big dose of "shut the f*** up" and hide out for awhile". After the companies pulled the plug on the partnerships,...
Bezos said he will continue to support this movement. The $150 billion-dollar-man wrote that he posted the racist screed because it was important to make hate visible. saying BLM doesn't mean othe...
Stocks surged on Friday, with the tech-heavy Nasdaq closing within a striking distance of its February 19 all-time peak, after the unemployment rate in May unexpectedly fell. The S&P 500 has erased ...
Premier Doug Ford is set to announce details today about Ontario's Stage 2 of reopening, his office said Monday. "We will be ready very soon to take our next steps to reopen our economy, but it won'...
The boss of United Kingdom oil giant BP has told staff it plans to cut 10,000 jobs from its global workforce after being hit hard by the coronavirus outbreak. BP is giving no pay rises to senior emp...
Fortis Alberta said the loss of a tie line in B.C.is resulting in lost service and will update Albertans when more information becomes available. An Enmax spokesperson said over 40,000 Calgary dist...
The public health crisis has hit company earnings and forced many to change the way they operate. Chevron Corp, the second-largest United States oil producer, last month said that it will cut betwee...
Brent crude, the global benchmark, fell 0.1% to $42.25 a barrel at 1:17 p.m.in London, erasing earlier gains. Both hit their highest since March 6 earlier in the session, at $43.41 and $40.44, respe...
Among other investors, Vista Equity Partners will pick a 2.32 per cent stake, General Atlantic 1.34 per cent, KKR 2.32 per cent and Mubadala 1.85 per cent. On May 8, US-based Vista Equity Partners bou...
In advance, economists had been projecting the loss of 8.3 million jobs, continuing the economic bloodletting caused by the coronavirus pandemic that has spurred the highest unemployment levels sinc...
The statue was erected in the centre of Bristol in 1895 to commemorate Colston's philanthropy. "Whilst history shouldn't be forgotten, these people who benefited from the enslavement of individuals ...
The US economy regained 2.5 million jobs in May as coronavirus pandemic shutdowns began to ease, sending the unemployment rate falling to 13.3 percent, the Labor Department reported. Nonfarm pay...
He claimed that his book was getting censored for no reason at all. The controversial CEO of Tesla , Elon Musk , has tweeted calling for the breakup of Amazon as reported by Reuters . "Mu...
