Economy

USA adds 661000 jobs in September and unemployment rate falls to 7.9%

USA adds 661000 jobs in September and unemployment rate falls to 7.9%

The September jobs report will be the last one before Americans cast their ballots on November 3. Republican President Donald Trump, who said on Friday he had tested positive for coronavirus , ...

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BitMEX Owners Indicted for Accepting US Clients and AML Violations

BitMEX Owners Indicted for Accepting US Clients and AML Violations

The CFTC says the case is brought in connection with the Division of Enforcement's Digital Asset and Bank Secrecy Act Task Forces. The CFTC also urged users and traders to verify a trading platform'...

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Maine Unemployment Claims Up 2% In Past Week

Maine Unemployment Claims Up 2% In Past Week

Department of Labor . The steady decline in that figure over the past several months reflects that some of the unemployed are being rehired. Manufacturing was the largest source of unemployment clai...

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Oil falls for second day as worsening pandemic threatens demand drop

Oil falls for second day as worsening pandemic threatens demand drop

U.S. Treasury Secretary Steven Mnuchin said talks with House Speaker Nancy Pelosi made progress on COVID-19 relief legislation. Trump's positive result will likely sharpen already intense attention ...

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European Central Bank asks citizens to weigh in on digital euro

European Central Bank asks citizens to weigh in on digital euro

It would sit alongside cash as a digital equivalent, the bank said, as an alternative to private sector payments systems, and a guarantee of central bank control of a modern currency. Lael Brainard, a...

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Model 3 with cheaper battery on sale soon, price drop leak $4,000

Model 3 with cheaper battery on sale soon, price drop leak $4,000

Tesla has already been selling their electric vehicles to China for a couple of years but its very own vehicles were actually considered way out of an ideal price range for most mainstream buyers due ...

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US President Trump tests positive, S&P 500 Futures slumps over 30 points

Stock market futures showed that all three of America's main indexes - the Dow Jones, the S&P 500 and the Nasdaq - are set to drop by at least 1.5% each when trading begins on Friday. The letter, from...

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Pfizer CEO pushes back against Trump claim on vaccine timing

Pfizer CEO pushes back against Trump claim on vaccine timing

Moderna , he said, would not be prepared to file for approval to distribute the vaccine to the general USA population until late January at the earliest. They said understanding how the vaccine affect...

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President Trump and First Lady in COVID-19 quarantine

President Trump and First Lady in COVID-19 quarantine

Trump on Thursday, however, along with some top officials flew to New Jersey for a political fundraising event where he was in close contact with dozens of other people. It should have never happened...

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House Passes Dem COVID-19 Aid Plan After Bipartisan Deal Falls Through

House Passes Dem COVID-19 Aid Plan After Bipartisan Deal Falls Through

Treasury Secretary Steven Mnuchin continue. "Let us come together, as we have before, to help Americans respond to the crisis of COVID-19". The two sides both support enhanced unemployment aid, thou...

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Trump opposes changing debate rules, but campaign says he'll participate anyway

Trump asked in a tweet on Thursday. "We're ready to move on to the second and third debates", campaign communications strategist Jason Miller said . There was immediate speculation changes could ...

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Amazon: Nearly 20000 Workers Got COVID-19, 'Lower Than The Expected Number'

Amazon: Nearly 20000 Workers Got COVID-19, 'Lower Than The Expected Number'

Amazon had repeatedly resisted sharing comprehensive data with the public and with its own workers about the total number of confirmed coronavirus cases at its warehouses, which have become cruci...

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Tokyo trade halted for day after glitch: exchange

Tokyo trade halted for day after glitch: exchange

In 2018, one of the four lines in the trading system linking it and securities firms went down and remained offline for a day. Stock exchanges in Tokyo, Nagoya, Fukuoka and Sapporo all suffered su...

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Google will pay publishers to curate a reliable news feed

Google will pay publishers to curate a reliable news feed

Compared to previous efforts to highlight high-quality journalism, Google News Showcase will rely much more heavily on human curation and the editorial decisions of publishers. "It will start rolling ...

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Court: Subway Bread Doesn't Qualify as Bread

Court: Subway Bread Doesn't Qualify as Bread

THE BREAD in sandwich chain Subway can not legally be defined as bread, an Irish court has ruled. The company lost an appeal at the High Court and the Court of Appeal before the Supreme Court ag...

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Disney To Cut 28,000 Workers As Theme Parks Remain Shut

Disney To Cut 28,000 Workers As Theme Parks Remain Shut

In a statement, D'Amaro noted that two-thirds of the laid-off employees were part-time workers. Nonetheless, Disney's California parks have not been allowed to reopen despite a number of initiat...

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Hope Hicks, close Trump aide, tests positive for coronavirus

Hope Hicks, close Trump aide, tests positive for coronavirus

US President Donald Trump said today that he and his wife Melania had tested positive for Covid-19 and were going into quarantine , upending the race for the White House . It was only late Thursd...

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Inovio's Covid Vaccine Trial Slowed on Regulator's Questions

Inovio's Covid Vaccine Trial Slowed on Regulator's Questions

Plymouth Meeting-based Inovio Pharmaceuticals announced on Monday morning that the U.S. Food and Drug Administration had placed a clinical hold on the Phase 2 and 3 trials of their vaccine. This m...

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Palantir valued at $20 billion in choppy stock exchange debut

Palantir valued at $20 billion in choppy stock exchange debut

The NYSE announced that the company, which will be traded under the ticker PLTR, will have a reference price of $7.25 per share. Shares of workplace software maker Asana Inc surged almost 29% in t...

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Tokyo bourse halted for entire day in its worst-ever outage

TSE initially said on Thursday morning that trading of all stocks would be halted due to an "issue in the distribution of market information". The shutdown follows cyber-attacks on New Zealand's sto...

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Stats SA reports 2.2 million job losses in quarter two

Stats SA reports 2.2 million job losses in quarter two

According to Stats SA, the country's official unemployment during the second quarter paradoxically fell substantially, decreasing by 2.8 million to 4.3 million, which it attributed to a large number...

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UK economy enters recession; contracts over 20% in second quarter

UK economy enters recession; contracts over 20% in second quarter

There were signs of a recovery in the month of June alone when gross domestic product (GDP) grew by 8.7 percent from May, the Office for National Statistics (ONS) said. That helped the pound to steady...

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Singapore Airlines drops 'flights to nowhere' after outcry

Singapore Airlines drops 'flights to nowhere' after outcry

The carrier had also considered the idea of operating " flights to nowhere ", but ditched the concept after a review. "There has been a lot of interest in our customer engagement initiatives over th...

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Uber and Lyft Hold Off on Suspending CA Operations

Apart from that, in a separate statement to its drivers, Lyft Inc. was quoted saying that it had worked out a plan to discontinue its rides in California just before midnight on Thursday unless th...

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Biden releases 2019 tax returns, paid $288,000

The 2019 tax return from Biden and his wife, Jill, shows taxable income of $944,737 and a federal tax bill of $299,346. Their 2019 financial disclosure shows about $250,000 in income from book dea...

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Disney Parks Chairman Josh D'Amaro Announces a Loss of 28000 Jobs

Disney Parks Chairman Josh D'Amaro Announces a Loss of 28000 Jobs

Over the past several months, we've been forced to make a number of necessary adjustments to our business, and as hard as this decision is today, we believe that the steps we are taking will enable us...

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Joe Biden releases 2019 tax returns to troll Trump ahead of debate

Joe Biden releases 2019 tax returns to troll Trump ahead of debate

Mr. Biden reported $135,116 in salary from the University of Pennsylvania - he went on unpaid leave in April 2019 - and some five- and six-figure speaking fees on a financial disclosure form he file...

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Cruise ship in Greece given coronavirus all-clear

Cruise ship in Greece given coronavirus all-clear

TUI said that given that no passengers were among the contact group, no tests on them were necessary and the vessel would resume its cruise once Greek authorities give the green light. TUI Cruises s...

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Apple first U.S. company to be valued at $2tn

Apple first U.S. company to be valued at $2tn

Analysts believe that the valuation - though symbolic in nature - does show Apple has done really well even in the face of a global pandemic. It reached the milestone just two years after becoming t...

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RBI likely to hold MPC meeting next week

RBI likely to hold MPC meeting next week

The MPC, which came into being in 2016, has lowered interest rates by 115 basis points so far this year. Half of the panel, headed by the RBI governor, is made up of external independent members. Th...

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Even after Corona, S&P did not reduce the country's rating, said this

Even after Corona, S&P did not reduce the country's rating, said this

The news keeps India's hopes alive of keeping its coveted investment grade, with two other rating agencies - Moody's and Fitch - having put it on a negative watch at their lowest investment grade rati...

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Hyundai N's 600kW mid-engined electric Veloster signals future

Hyundai N's 600kW mid-engined electric Veloster signals future

It has been developed as a test bed for Hyundai's N performance division to explore the capabilities of an electric powertrain, and follows in the footsteps of the similarly conceived RM14, RM15, RM16...

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Donald Trump's tax returns emerge on eve of debate

Donald Trump's tax returns emerge on eve of debate

Trump said his organization has been negotiating with the IRS " for a long time ". The disclosure, which the Times said comes from tax return data it obtained extending over two decades, comes a...

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Oil price falls on mounting COVID-19 cases, supply concerns

Oil price falls on mounting COVID-19 cases, supply concerns

Crude oil is traded in dollars, a rising exchange rate does that oil more expensive for investors from other currency areas. Both benchmarks climbed slightly on Wednesday after government data show...

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Geely's EV maker Polestar plans new plant for Precept model

Geely's EV maker Polestar plans new plant for Precept model

One of the most interesting facts about Polestar is how it grew out of its shell to become one of the giants in the EV sector. The corporate, which is collectively owned by Volvo and Volvo's dad or ...

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