Economy

Uncertainty pushes gold price to record high, over $1,930 per oz

Uncertainty pushes gold price to record high, over $1,930 per oz

Some experts pointed to the worsening of U.S. On China's call made to the U.S. of shutting its China-based consulate, Mike Pompeo, the USA secretary of State said Washington and its allies must use ...

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White House pushes narrow virus aid; Pelosi blasts GOP delay

White House pushes narrow virus aid; Pelosi blasts GOP delay

The administration's position will be reflected in the GOP proposal. More than 30 million people are relying on the unemployment benefits , which expire this week. House Speaker Nancy Pelosi ...

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Gold Extends Surge to Record as Haven Demand Builds Before Fed

Gold Extends Surge to Record as Haven Demand Builds Before Fed

According to Forbes , gold prices are expected to rise further to $2,000 an ounce. The US dollar index has slipped to September 2018 lows weighed down by concerns about health of the economy am...

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Qualtrics prepares for an IPO two years after SAP acquisition

Qualtrics prepares for an IPO two years after SAP acquisition

SAP said on July 26 that it meant to float a minority stake in Qualtrics through a USA initial public offering. Why it matters: The move reflects the red-hot IPO market, in which all sorts of co...

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Carnival extends operational pauses as a result of Covid-19

Carnival extends operational pauses as a result of Covid-19

Princess Cruises , one of the first cruise lines to suspend operations due to the COVID-19 pandemic, announced its plans Wednesday to resume passenger operations in the US and the rest of the world De...

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Tesla files lawsuit against EV startup Rivian

Tesla files lawsuit against EV startup Rivian

In more ways than one, Tesla has its sights set upon rival electric automaker Rivian . The other lawsuit names former XPeng employee Guangzhi Cao, once a member of Tesla's Autopilot team and one of...

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HSBC denies reports that it 'fabricated evidence' on Huawei

HSBC denies reports that it 'fabricated evidence' on Huawei

In a now-unavailable post on WeChat, the lender said that its actions did not trigger USA investigations into the world's largest supplier of telecommunications network equipment, as the scrutiny of H...

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Trump eases controls on armed drone exports

Trump eases controls on armed drone exports

Under the new rules, UAVs that fly at speeds under 800 kilometers per hour - including General Atomics' Reaper drone and Northrop Grumman's Global Hawk spy plane - will be reclassified to a lower ca...

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Friends Keep 1992 Promise To Share Lottery Jackpot

Friends Keep 1992 Promise To Share Lottery Jackpot

Incredibly, on June 10 - nearly 30 years since their spontaneous agreement - Mr Cook discovered he had matched his numbers to secure a cool $22 million. In a release, the Lotto traced the deal to 1992...

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Mark Zuckerberg, Jeff Bezos, other tech CEOs testify on competition

Mark Zuckerberg, Jeff Bezos, other tech CEOs testify on competition

John Lewis. After the first year a user subscribes to an app, Apple's fee drops to 15%, and the study said that cut is on the "low end", compared with other digital stores including Google's P...

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Tata Motors-owned Jaguar Land Rover working on AI-based predictive touchscreen

As lockdown restrictions around the world continue to ease, the scientists say the technology could also be useful in a post-COVID-19 world. To predict the actions of the driver of the innovative ...

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1.3 billion tons of plastic will be in the environment by 2040

1.3 billion tons of plastic will be in the environment by 2040

Working with scientists and experts around the world, Pew and SYSTEMIQ reached the report's conclusions using a first-of-its-kind economic model that quantifies the flow and amount of plastic in the g...

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Dyson blames COVID-19 as it plans to cut 600 United Kingdom jobs

Dyson is cutting 600 of its 4,000 staff in the United Kingdom as the consumer goods maker restructures following the lockdown. He said the company would try to avoid compulsory redundancies where po...

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McDonald's latest to require face masks in US

McDonald's latest to require face masks in US

In addition to the increase in coronavirus infections in the U.S., McDonald's says it's imposing the new restrictions because of recent reports that suggest virus-bearing droplets can linger in the ...

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Emirates airline to offer passengers medical cover for Covid-19

Emirates airline to offer passengers medical cover for Covid-19

Gulf carrier Emirates has come out with a confidence booster measure for its passengers as it has started providing free cover for COVID-19 medical expenses and quarantine costs, when they fly to an...

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Stocks drop with tech's continued slide, US-China tensions

Stocks drop with tech's continued slide, US-China tensions

Also, it reported an adjusted loss per share of $7.82. The S&P 500 posted eight new 52-week highs and no new lows; the NASDAQ Composite recorded 24 new highs and 24 new lows. Sentiment took a hit ...

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Gold settles just under $1,900, breaks all-time high

Gold settles just under $1,900, breaks all-time high

The yellow metal witnessed its biggest weekly gain in more than three months as it held firm near a nine-year high, benefiting from a weak dollar and inflation expectations due to stimulus for virus-b...

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Hong Kong stocks end week lower as Sino-US tensions escalate

Hong Kong stocks end week lower as Sino-US tensions escalate

All sectors lost with losers outnumbering gainers by 1,578 to 109 on the Shanghai bourse, and 2,091 to 177 in Shenzhen. India's Sensex picked up 0.1% to 37,935.75. The Dow Jones Industrial Average o...

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Australia set for biggest deficit since Second World War

Australia set for biggest deficit since Second World War

Treasurer Josh Frydenberg also said the budget deficit would blow out to Aus$185 (US$132) billion - nearly a tenth of GDP - in the year to June 30, 2021, having hit Aus$86 billion in the previous 12 m...

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BMW X7 Dark Shadow Edition revealed

BMW X7 Dark Shadow Edition revealed

Only 500 units of this limited edition will be available for production from next month. All those come standard on the M50i, but the Dark Shadow Edition adds a ton of appearance extras. There's a sta...

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United Airlines posts $1.6 billion loss in virus-scarred 2Q

United Airlines posts $1.6 billion loss in virus-scarred 2Q

With its announcement Tuesday, United became the second USA carrier to report earnings for the period spanning April-June. "United's extended face mask policy adds another layer of protection for ...

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Apple Co-Founder Sues YouTube Over Crypto Scam

Apple Co-Founder Sues YouTube Over Crypto Scam

Seventeen other alleged victims of similar scams have joined the lawsuit . Screenshot via Twitter on July 15, 2020. " YouTube has been unapologetically hosting, promoting, and directly profiti...

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Gold Nears $1900 as Veteran Mobius Says Keep Buying

In my opinion, near-term silver price dynamics may be dependent on US dollar which is trying to get below March lows. Equity markets had been trading slightly lower before the Apple news on concerns...

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Oil edges up on weak dollar, but US-China tensions weigh

Oil edges up on weak dollar, but US-China tensions weigh

U.S. West Texas Intermediate crude oil futures are trading slightly lower on Friday, but still holding on to its weekly gains. The United States dollar index that measures the value of the U.S...

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NJ Starbucks worker arrested after he allegedly spat in police officers' drinks

NJ Starbucks worker arrested after he allegedly spat in police officers' drinks

Joseph Rampolla said. He faces several charges, including knowingly tampering with a cup of coffee, and subjecting a law enforcement officer with contact to bodily fluid. New Jersey State Policemen...

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Area friends split winning $22 million Powerball Ticket after 1992 handshake

That promise came to fruition last month when Cook bought the winning ticket for a $22 million jackpot at Synergy Coop in Menomonie . After learning of the win, Mr Cook called Mr Feeney to tell him...

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Ant Group creates new blockchain-based technology unit

Ant Group creates new blockchain-based technology unit

Following the properties of Blockchain, the new AntChain solution is aimed at boosting trust and transparency for Industries with complex processes. This is convenient compared to the previous setup...

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US Stocks Drop With Dow Falling More Than 350 Points

US Stocks Drop With Dow Falling More Than 350 Points

Whirlpool jumped 8% for the biggest gain in the S&P 500 after the appliance maker reported a profit for the spring that was more than double what analysts expected. weekly jobless claims come on Thu...

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Twitter accelerates user growth amid pandemic, unrest

Twitter accelerates user growth amid pandemic, unrest

The company did note that ad spend had started to recover slightly since the nationwide protests against systemic racism and police brutality kicked off. "We feel awful about the security incident", h...

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Michel Barnier confirms July Brexit deal deadline 'unlikely' to be met

Michel Barnier confirms July Brexit deal deadline 'unlikely' to be met

The EU's chief Brexit negotiator Michel Barnier has said that a Brexit trade deal at this time is " unlikely " due to the UK's current refusal to commit to "the conditions of open and fair competiti...

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Trump closes US Chinese consulate for being ‘hot bed of spying’

Reuters reported Wednesday that Beijing looks to order the closure of the American consulate in Wuhan. The Houston consulate came under scrutiny on Tuesday when people overlooking the building's c...

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More than 1.4M Americans filed for unemployment benefits last week

More than 1.4M Americans filed for unemployment benefits last week

The largest increases in initial claims for the week ending July 11 were in Florida (65,890), Georgia (33,292), California (20,123), Washington (16,116) and in (6,258), while the largest decreases wer...

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S&P 500 closes slightly higher as stimulus hopes lift cyclical stocks

S&P 500 closes slightly higher as stimulus hopes lift cyclical stocks

The Nasdaq slipped after hitting an intraday record high earlier in the session, as shares of high-profile companies including Amazon.com Inc, Apple Inc and Microsoft Corp retreated. Defense industria...

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USA orders closure of China's consulate in Houston

USA orders closure of China's consulate in Houston

The Chinese consulate in Houston was opened in 1979 - the first in the year the USA and the People's Republic of China established diplomatic relations, according to its website. "And yesterday you ...

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Gold price in Nepal reaches all-time high

Gold price in Nepal reaches all-time high

The Silver Institute earlier this month forecast a 7 per cent decline in mine production this year on disruptions due to Covid-19. Silver prices have risen around 15% this week. "Moreover, low or ne...

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