Markets
Kickstarter employees successfully vote to form union
- February 20, 2020
In December, after months of trying to squash unionization, Kickstarter's management backed off and let the organizers organize as long as they didn't talk to reporters. Redwine's termination ultimately led her to file a complaint with the NLRB. There have been unionization efforts at other tech companies, including Microsoft . (more...)
- February 20, 2020
In December, after months of trying to squash unionization, Kickstarter's management backed off and let the organizers organize as long as they didn't talk to reporters. Redwine's termination ultimately led her to file a complaint with the NLRB. There have been unionization efforts at other tech companies, including Microsoft . (more...)
Warren says Bloomberg should drop out of race following brutal debate
- February 20, 2020
Sanders is now polling ahead of former Vice President Joe Biden and former New York Mayor Michael Bloomberg . Perhaps exhausted of the premature obituaries being written for her campaign, Warren went after Bloomberg with such ferocity and precision that the former mayor looked as if he'd just been stopped, thrown up against a wall, and frisked outside his tony NY townhouse. (more...)
- February 20, 2020
Sanders is now polling ahead of former Vice President Joe Biden and former New York Mayor Michael Bloomberg . Perhaps exhausted of the premature obituaries being written for her campaign, Warren went after Bloomberg with such ferocity and precision that the former mayor looked as if he'd just been stopped, thrown up against a wall, and frisked outside his tony NY townhouse. (more...)
U.S. open: Stocks head south as coronavirus bruises Apple
- February 20, 2020
The latest figures from China's National Health Commission show the coronavirus has sickened at least 72,436 people in the country while killing 1,868. Apple is the first but it certainly won't be the last, or the most severely impacted. Overnight in Asia, China's CSI300 blue chip stocks index lost 0.5% after gaining sharply on Monday, encouraged by a central bank rate cut and government stimulus hopes. (more...)
- February 20, 2020
The latest figures from China's National Health Commission show the coronavirus has sickened at least 72,436 people in the country while killing 1,868. Apple is the first but it certainly won't be the last, or the most severely impacted. Overnight in Asia, China's CSI300 blue chip stocks index lost 0.5% after gaining sharply on Monday, encouraged by a central bank rate cut and government stimulus hopes. (more...)
Oil rises amid hope for short economic hit from coronavirus outbreak
- February 20, 2020
Brent for April settlement lost 89 cents, or 1.5%, to $56.78 on the ICE Futures Europe exchange as of 7:54 a.m.in London after closing 0.6% higher on Monday. OPEC+ has since January 1 implemented a deal to cut output by 1.7 million barrels per day (bpd) to help the market, while Saudi Arabia has also committed to voluntary cuts of 400,000 bpd. (more...)
- February 20, 2020
Brent for April settlement lost 89 cents, or 1.5%, to $56.78 on the ICE Futures Europe exchange as of 7:54 a.m.in London after closing 0.6% higher on Monday. OPEC+ has since January 1 implemented a deal to cut output by 1.7 million barrels per day (bpd) to help the market, while Saudi Arabia has also committed to voluntary cuts of 400,000 bpd. (more...)
New safety setback for Boeing as debris found in plane fuel tanks
- February 20, 2020
The plane, once Boeing's fastest-selling jet, has been grounded globally since mid-March while Boeing addresses software and training issues involved in both disasters, costing the planemaker almost $19 billion. "The agency increased its surveillance based on initial inspection reports and will take further action based on the findings", it added. The US plane maker said it discovered so-called "Foreign Object Debris" left inside the wing fuel tanks of several undelivered 737 Maxs. (more...)
- February 20, 2020
The plane, once Boeing's fastest-selling jet, has been grounded globally since mid-March while Boeing addresses software and training issues involved in both disasters, costing the planemaker almost $19 billion. "The agency increased its surveillance based on initial inspection reports and will take further action based on the findings", it added. The US plane maker said it discovered so-called "Foreign Object Debris" left inside the wing fuel tanks of several undelivered 737 Maxs. (more...)
China sees decline in virus deaths, but World Health Organization urges caution
- February 20, 2020
While the majority of fatalities have been recorded in China , deaths linked to coronavirus have been recorded in other countries. Hubei's numbers for additional cases have been falling for the past week, while those for discharged patients have been rising. (more...)
- February 20, 2020
While the majority of fatalities have been recorded in China , deaths linked to coronavirus have been recorded in other countries. Hubei's numbers for additional cases have been falling for the past week, while those for discharged patients have been rising. (more...)
New chancellor Rishi Sunak sticks to 11 March budget date
- February 20, 2020
The former chancellor liked a tweet on Sunday which warned that Britons are already "overtaxed". The relatively inexperienced Sunak, who was catapulted into the role of chancellor with just four weeks to prepare for the Budget, considered whether to delay as he settled into his new job, but the tweet shows he has made a decision to stick with March 11. (more...)
- February 20, 2020
The former chancellor liked a tweet on Sunday which warned that Britons are already "overtaxed". The relatively inexperienced Sunak, who was catapulted into the role of chancellor with just four weeks to prepare for the Budget, considered whether to delay as he settled into his new job, but the tweet shows he has made a decision to stick with March 11. (more...)
Via Rail temporarily lays off 1,000 employees as blockades snarl passenger service
- February 19, 2020
CN said the shutdown is "progressive and methodical" to ensure it can be restarted when the blockades end completely. In addition, partial service will resume with trains running between Québec City-Montréal-Ottawa during weekdays, and full service will be offered during weekends. (more...)
- February 19, 2020
CN said the shutdown is "progressive and methodical" to ensure it can be restarted when the blockades end completely. In addition, partial service will resume with trains running between Québec City-Montréal-Ottawa during weekdays, and full service will be offered during weekends. (more...)
Surge in Crypto Trading Activity Overloaded Binance Last Week
- February 19, 2020
Evaluating from trading volumes reported by Binance , a dip can be seen from February 13 up until February 18, with the everyday volume reducing from United States dollars 3.28 billion to USD 2.49 billion. Still progressing. Roughly 5/8 of the way there. Now a major player, Zhao's firm is working to shake off its reputation as a regulatory arbitrageur: It has set up regulatory-compliant fiat exchanges in jurisdictions like Singapore and Jersey as it seeks to appeal to a much larger user ... (more...)
- February 19, 2020
Evaluating from trading volumes reported by Binance , a dip can be seen from February 13 up until February 18, with the everyday volume reducing from United States dollars 3.28 billion to USD 2.49 billion. Still progressing. Roughly 5/8 of the way there. Now a major player, Zhao's firm is working to shake off its reputation as a regulatory arbitrageur: It has set up regulatory-compliant fiat exchanges in jurisdictions like Singapore and Jersey as it seeks to appeal to a much larger user ... (more...)
Inflation rises to 12.13%, highest in 22 months
- February 19, 2020
The National Bureau of Statistics, on Tuesday, released the Consumer Price Index which measures inflation with the index rising from 11.98 per cent in December 2019, to 12.13 per cent in January. The Bureau's website, had attributed the rise to high food prices across the country. This represented 0.99 per cent increase in January, up by 0.02 per cent compared to the 0.97 per cent recorded in December. (more...)
- February 19, 2020
The National Bureau of Statistics, on Tuesday, released the Consumer Price Index which measures inflation with the index rising from 11.98 per cent in December 2019, to 12.13 per cent in January. The Bureau's website, had attributed the rise to high food prices across the country. This represented 0.99 per cent increase in January, up by 0.02 per cent compared to the 0.97 per cent recorded in December. (more...)
More concerns raised about visibility of new Ontario licence plates
- February 18, 2020
In an email to CBC Toronto, a spokesperson for the Minister of Government and Consumer Services wrote: "We have been made aware that some Ontarians are reporting concerns with readability to the naked eye under certain light conditions". One of the main concerns being raised is the colours of the new plates and their visibility at night. At least two Halton police officers who spoke on condition of anonymity and one Halton Region paramedic have expressed their concerns with the new licence ... (more...)
- February 18, 2020
In an email to CBC Toronto, a spokesperson for the Minister of Government and Consumer Services wrote: "We have been made aware that some Ontarians are reporting concerns with readability to the naked eye under certain light conditions". One of the main concerns being raised is the colours of the new plates and their visibility at night. At least two Halton police officers who spoke on condition of anonymity and one Halton Region paramedic have expressed their concerns with the new licence ... (more...)
Brexit negotiator says United Kingdom must be able to set its own laws
- February 18, 2020
The trade expert then explained both sides would eventually agree to a trade deal despite the tense mood ahead of trade talks. "We are not asking for anything special, we are asking for a simple free trade agreement". "In short, we only want what other independent countries have". Earlier in the interview, the trade expert explained the United Kingdom would also be prepared to leave the negotiations table without a trade deal. (more...)
- February 18, 2020
The trade expert then explained both sides would eventually agree to a trade deal despite the tense mood ahead of trade talks. "We are not asking for anything special, we are asking for a simple free trade agreement". "In short, we only want what other independent countries have". Earlier in the interview, the trade expert explained the United Kingdom would also be prepared to leave the negotiations table without a trade deal. (more...)
Amazon CEO Jeff Bezos Pledges $10 Billion to Fight Climate Change
- February 18, 2020
He said, "Earth is the one thing we all have in common-let's protect it, together". "It's going to take collective action from big companies, small companies, nation states, global organisations, and individuals", Bezos said . Bezos is the only American among the world's five richest people who has not signed the Giving Pledge , in which participants promise to give away more than half of their wealth during their lifetimes or in their wills, Business Insider's Paige Leskin wrote . (more...)
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/R4YWDCQTSJEZ7ACCJMT3WV3RQU.jpg)
- February 18, 2020
He said, "Earth is the one thing we all have in common-let's protect it, together". "It's going to take collective action from big companies, small companies, nation states, global organisations, and individuals", Bezos said . Bezos is the only American among the world's five richest people who has not signed the Giving Pledge , in which participants promise to give away more than half of their wealth during their lifetimes or in their wills, Business Insider's Paige Leskin wrote . (more...)
Japan ready to take steps vs coronavirus impact on tourism: economy minister
- February 18, 2020
The latest data showed private consumption plunged by an annualised 11 per cent in the quarter, as households slashed purchases of cars, cosmetics and domestic appliances. Worries about the spread of the coronavirus and its hit to the global economy kept Japanese manufacturers' mood gloomy in February, a Reuters poll found. (more...)
- February 18, 2020
The latest data showed private consumption plunged by an annualised 11 per cent in the quarter, as households slashed purchases of cars, cosmetics and domestic appliances. Worries about the spread of the coronavirus and its hit to the global economy kept Japanese manufacturers' mood gloomy in February, a Reuters poll found. (more...)
HSBC cuts headcount by 35,000 in next three years
- February 18, 2020
The bank's plan also involves scrapping about $100 billion in assets by the end of 2022, and it will reduce costs by $4.5 billion. The Hong Kong-headquartered bank is also warning that the Coronavirus outbreak may impact performance in 2020. (more...)
- February 18, 2020
The bank's plan also involves scrapping about $100 billion in assets by the end of 2022, and it will reduce costs by $4.5 billion. The Hong Kong-headquartered bank is also warning that the Coronavirus outbreak may impact performance in 2020. (more...)
The battle of Downing Street: Can Rishi Sunak challenge Boris Johnson?
- February 18, 2020
Mr Sunak, who replaced Mr Javid when he resigned in last Thursday's reshuffle rather than fire his team of aides.is understood to be considering delaying the budget beyond the now announced date of March 11. "It's clear Dominic Cummings has won the battle to take absolute control of the Treasury and has installed his stooge as the Chancellor". Several other frontbench ministers have been given the boot, including Environment Secretary Theresa Villiers, Housing Secretary Esther McVey, and ... (more...)
- February 18, 2020
Mr Sunak, who replaced Mr Javid when he resigned in last Thursday's reshuffle rather than fire his team of aides.is understood to be considering delaying the budget beyond the now announced date of March 11. "It's clear Dominic Cummings has won the battle to take absolute control of the Treasury and has installed his stooge as the Chancellor". Several other frontbench ministers have been given the boot, including Environment Secretary Theresa Villiers, Housing Secretary Esther McVey, and ... (more...)
Buffett's Berkshire Buys Kroger, Biogen, Trims Wells Fargo, Goldman Stakes
- February 18, 2020
Securities and Exchange Commission, revealing it had invested almost $550 million in Kroger stock, acquiring slightly more than 2% of its outstanding shares. The Goldman stake shrank 35% to 12 million shares worth $2.8 billion. According to a 13-F regulatory filing, Berkshire added almost 19 million shares of Kroger (KR), worth about $549 million at the end of the fourth quarter. (more...)
- February 18, 2020
Securities and Exchange Commission, revealing it had invested almost $550 million in Kroger stock, acquiring slightly more than 2% of its outstanding shares. The Goldman stake shrank 35% to 12 million shares worth $2.8 billion. According to a 13-F regulatory filing, Berkshire added almost 19 million shares of Kroger (KR), worth about $549 million at the end of the fourth quarter. (more...)
Bombardier reaches deal to sell rail division to Alstom
- February 18, 2020
Quebec pension firm Caisse de Depot et Placement, which owns 32.5% of Bombardier's train unit, has agreed to sell its stake to Alstom and acquire a minority holding in the combined train company, the report added. But its attempt to merge the train business of rival Siemens of Germany failed past year, when the European Union's competition regulator, Margrethe Vestager, said the deal would make Alstom-Siemens overly dominant in high-speed trains and signaling. (more...)
- February 18, 2020
Quebec pension firm Caisse de Depot et Placement, which owns 32.5% of Bombardier's train unit, has agreed to sell its stake to Alstom and acquire a minority holding in the combined train company, the report added. But its attempt to merge the train business of rival Siemens of Germany failed past year, when the European Union's competition regulator, Margrethe Vestager, said the deal would make Alstom-Siemens overly dominant in high-speed trains and signaling. (more...)
Virginia State Lawmakers Shelve Democrat-Backed Gun-Control Measures
- February 18, 2020
The legislation was sponsored by Del. The Virginia House has approved seven other of his proposals, including universal background checks on private gun sales and boosting red flag laws. The state of Virginia has been known as the center of all the gun debates. State senators voted to table the issue for the year and let the state's crime commission study the issue further. (more...)
- February 18, 2020
The legislation was sponsored by Del. The Virginia House has approved seven other of his proposals, including universal background checks on private gun sales and boosting red flag laws. The state of Virginia has been known as the center of all the gun debates. State senators voted to table the issue for the year and let the state's crime commission study the issue further. (more...)
Jeff Bezos to spend $10B of his money fighting climate change
- February 17, 2020
Bezos is the world's richest person with a net worth of $130 billion, according to the Bloomberg Billionaires Index . The Amazon CEO and richest man in the world announced he'd start the Bezos Earth Fund in a post on Instagram . In September 2019, Amazon announced that it was the first signatory to The Climate Pledge , a commitment by the retailing giant to be "net-zero carbon" by 2040, a decade ahead of the global climate-change Paris Agreement's target of 2050. (more...)
- February 17, 2020
Bezos is the world's richest person with a net worth of $130 billion, according to the Bloomberg Billionaires Index . The Amazon CEO and richest man in the world announced he'd start the Bezos Earth Fund in a post on Instagram . In September 2019, Amazon announced that it was the first signatory to The Climate Pledge , a commitment by the retailing giant to be "net-zero carbon" by 2040, a decade ahead of the global climate-change Paris Agreement's target of 2050. (more...)
Latest news
United Kingdom fund manager confirms deal to buy Merian Global Investors