Economy

How major U.S. stock indexes fared Monday

How major U.S. stock indexes fared Monday

Dow member Microsoft rose after announcing plans to acquire privately-held ZeniMax, game publisher of popular titles including "The Elder Scrolls" and "Fallout", for $7.5 billion cash. Tensions betwe...

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HSBC shares plunge to lowest since 1995, StanChart falls after 'FinCEN' leak

HSBC shares plunge to lowest since 1995, StanChart falls after 'FinCEN' leak

Are you looking for fast-news, hot-tips and market analysis? The two British banks, which both have global operations weighted especially to Asia, are alleged to have ignored warnings from the US De...

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Global banks seek to contain damage over $2 trillion of suspicious transfers

Global banks seek to contain damage over $2 trillion of suspicious transfers

The stock has now almost halved since the start of the year. Shares in Standard Chartered ( STAN.L ) on the Hong Kong exchange ( 2888.HK ) dropped by over 3% to the lowest since 25 May 2020. "We...

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Protests, data leak keep pressure on Belarusian president to step down

Protests, data leak keep pressure on Belarusian president to step down

Human Rights Council. Although Belarusian opposition leader Sviatlana Tsikanouskaya called for a so-called fearless response against President Alexander Lukashenko , EU foreign ministers failed t...

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Philippines expects to approve Covid vaccine Q2 2021

Philippines expects to approve Covid vaccine Q2 2021

Experts estimate that at least 70% of roughly 330 million Americans would need to be immune through a vaccine or prior infection to achieve what is known as herd immunity, which occurs when enough peo...

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Nikola stock tanks after founder steps down as executive chairman

Nikola stock tanks after founder steps down as executive chairman

This comes in the wake of a report from a noted short-selling accusing the company of fraud. Milton will be replaced by board member and former General Motors Co. In exchange for the 10-year deal, G...

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Train derails at Manhattan subway station; at least 1 injured

Train derails at Manhattan subway station; at least 1 injured

But Harvard allegedly put the plates on the tracks a second time, just before the train came into the station. Three passengers suffered minor injuries Sunday when a New York City subway train derai...

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Musk says record Tesla vehicle deliveries possible in 3Q

Musk says record Tesla vehicle deliveries possible in 3Q

According to the CEO Elon Musk , it's actually extremely important that people keep the whole factory output just as high as possible throughout the last 10 days remaining. Still, Tesla stays listed ...

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Oxford University says coronavirus vaccine trials will resume

Oxford University says coronavirus vaccine trials will resume

Trials of the vaccine will, however, remain on hold in the United States pending a U.S. investigation, Reuters reported on Monday. The company has said that it will continue to work with health au...

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Qantas offers seven-hour 'flight to nowhere'

Qantas offers seven-hour 'flight to nowhere'

Next month, the Australian airline will operate a special seven-hour scenic joy flight that will soar across the Northern Territory, Queensland and New South Wales to cater for frequent flyer memb...

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Russian coronavirus vaccine: 1 in 7 volunteers report side-effects

Russian coronavirus vaccine: 1 in 7 volunteers report side-effects

The Indian embassy in Moscow has already been engaging with the Gamaleya National Centre of Epidemiology and Microbiology, that developed the cure. Dr. This is the first concrete development on Spu...

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Malaysia Joins COVAX Vaccine Plan, Also In Deals With China, Pharma Companies

Malaysia Joins COVAX Vaccine Plan, Also In Deals With China, Pharma Companies

There are now no COVID-19 vaccines approved by US regulators, although a handful are in late-stage trials to prove they are safe and effective. Today, a second contract with a pharmaceutical company...

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Gold rebounds from 1-week trough amid stimulus hopes, economic recovery concerns

Gold rebounds from 1-week trough amid stimulus hopes, economic recovery concerns

What resulted was an unprecedented expansion of its balance sheet. The recovery, Powell noted, is expected to slow, requiring continued support from further government spending and, he said, the Fed...

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MA no longer has the country’s highest unemployment rate

MA no longer has the country’s highest unemployment rate

The state's non-seasonally adjusted decreased to 8.7%, a one percentage point drop from July. Graham County posted the highest jobless rate in northwest Kansas at 6.5 percent, while Russell, Rooks, ...

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Oil Overproduction: OPEC+ Asked To Extend Compensation Period

Oil Overproduction: OPEC+ Asked To Extend Compensation Period

Brent crude, the worldwide benchmark, dipped below $40 a barrel last week for the first time since June. " Opec knows it is battling probably the biggest oil demand erosion challenge it has ever face...

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Wall Street falls in choppy trading as tech sell-off resumes

Wall Street falls in choppy trading as tech sell-off resumes

Friday marked the quarterly expiration of U.S. stock options, stock index futures and index option contracts, known as "quadruple witching", bringing increased trading volume at the market close. On W...

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Snowflake is about to go public. It's the biggest software IPO ever

Snowflake is about to go public. It's the biggest software IPO ever

IPO seeks to replicate the price and yield performance of the Renaissance IPO Index, which is a portfolio of companies that have recently completed an initial public offering (" IPO ") and are...

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Mazda CX-30 gains 227 hp Turbo model

Mazda CX-30 gains 227 hp Turbo model

Now, it has taken out the powertrain on the new Mazda 3 and stuffed it inside the CX-30 . In new CX-30 flagship, the Skyactiv-G 2,5 Turbo engine delivers 186 kW and 434 N.m when run on 93-octan...

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Asian stocks retreat on lack of new Fed action

The number of Americans applying for jobless benefits resumed its decline, while continuing claims fell by nearly 1 million in the week ended September 5. Forecasters warn, however, that the market ri...

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Canadian Driver Accused Of Using Tesla Autopilot While Sleeping

Canadian Driver Accused Of Using Tesla Autopilot While Sleeping

Police said both front seats were fully reclined, and the driver and passenger were apparently asleep when they were alerted to the incident in Alberta. Ponoka is more than 100 kilometres south of Ed...

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Premarket: Why are stocks dropping? Hint: Jerome Powell is involved

What's happening: The Fed indicated on Wednesday that it would hold rates at or near zero through 2023 and boosted its economic projections. Markets "hoped for the Fed to put policy money where th...

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Covid rules eased in parts of Victoria, lowest cases since June

Covid rules eased in parts of Victoria, lowest cases since June

Victoria, Australia's second-most populous state, on Wednesday reported eight deaths from COVID-19 and 42 new cases, down from daily case highs above 700 in early August. Construction sites, manufactu...

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Coronavirus: Thailand added to England, Scotland and Wales quarantine-free list

Coronavirus: Thailand added to England, Scotland and Wales quarantine-free list

But Britons and holidaymakers arriving in Britain from Slovenia and the French Caribbean island of Guadeloupe will face 14 days in isolation from 4am on Saturday. 'Data from Slovenia shows that the we...

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860,000 Unemployment Claims Filed Last Week

860,000 Unemployment Claims Filed Last Week

That's 455,770 claims less than what was filed during the peak. For the week that ended September 5, the biggest increases in unemployment claims were in California, Texas, Louisians, New Jersey and...

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Google to Keep Employees Home Until Summer 2021 Amid Pandemic

Google to Keep Employees Home Until Summer 2021 Amid Pandemic

In its own blog post about employees working from home, Twitter said: "When we do decide to open offices, it also won't be a snap back to the way it was before". The tech company has about 1,500 emp...

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Trump Raises Questions About TikTok-Oracle Deal If ByteDance Ties Remain

Trump Raises Questions About TikTok-Oracle Deal If ByteDance Ties Remain

Rubio, the first senator to call on the administration to investigate TikTok over censorship concerns, cited "serious questions" remained about Oracle's role, the technology it would provide to ByteD...

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How major USA stock indexes fared Thursday

How major USA stock indexes fared Thursday

Adding to concerns about a stalling recovery, the Labor Department's report showed that while fewer people in the U.S. filed new claims for unemployment benefits last week, the number remained perched...

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Policyholders score 'resounding victory' in business interruption test case

Policyholders score 'resounding victory' in business interruption test case

In line with its previous announcements, QBE expects that catastrophe reinsurance will reduce the net cost of BI claims in its United Kingdom insurance operation to $70 million (which formed part of...

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Cut-price meal offer drives large fall in inflation

Cut-price meal offer drives large fall in inflation

As well as the dining subsidy program and a Value-Added Tax cut in the hospitality sector from 20 percent to just five percent, falling air fares and the absence of the usual annual clothing price inc...

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S&P 500 ends higher on growing hopes Fed will stay accommodative

S&P 500 ends higher on growing hopes Fed will stay accommodative

The tech-heavy Nasdaq Composite Index fell 66.05 points, or 0.6%, to 10,853.54. Tesla shares soared 12.58 per cent, contributing to the market. Analysts expect more volatility for stocks in the mo...

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Swedish fintech Klarna surpasses $10bn in valuation

Swedish fintech Klarna surpasses $10bn in valuation

He said he had invested additional funds in Klarna . Klarna launched a shopping app last year in the United States, which is set to become the company's largest market by the end of the year as...

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Ferrari Portofino M revealed

Ferrari Portofino M revealed

Ferrari rolled out the Portofino M , a modified version of its top-selling gran tourer, on Wednesday as the Italian sports auto maker pursues a rapid turn over of new models despite the coronavirus ...

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International Energy Agency Cuts Its Forecast For Oil Demand Growth

International Energy Agency Cuts Its Forecast For Oil Demand Growth

Crude oil futures jumped to Rs 2,884 per barrel on September 16 as participants increased their long position as seen by the open interest. World oil demand will topple by 9.46 million barrels daily...

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United Kingdom unemployment rises for first time since coronavirus lockdown

United Kingdom unemployment rises for first time since coronavirus lockdown

The Office for National Statistics (ONS) said the rate of unemployment increased as another 36,000 jobs fell off payrolls across the country. The economic fallout from the coronavirus pandemic is ...

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Love to Travel? Singapore Airlines Plans to Start ‘No-Destination’ Flights

Love to Travel? Singapore Airlines Plans to Start ‘No-Destination’ Flights

The Canberra route operated as a Singapore-Sydney-Canberra-Singapore "triangle", while Wellington was served by Singapore-Melbourne-Wellington and Wellington-Melbourne-Singapore flights. Mr Barr said ...

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