Markets
Carnival's Princess Cruises extends cruise suspension until summer end
- May 09, 2020
Holland America has announced that it has cancelled all cruises in Alaska, Europe, and Canada/New England for the rest of the year. In a statement, the cruise line said it made "the extremely hard decision" because of reduced air flight availability, the closure of cruise ports in regions around the world and other factors impacting global travel. (more...)
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- May 09, 2020
Holland America has announced that it has cancelled all cruises in Alaska, Europe, and Canada/New England for the rest of the year. In a statement, the cruise line said it made "the extremely hard decision" because of reduced air flight availability, the closure of cruise ports in regions around the world and other factors impacting global travel. (more...)
New Type of COVID-19 Test OK'd
- May 09, 2020
The Sofia 2 instrument also offers 2 distinct workflows: depending upon the user's choice, the Sofia 2 SARS Antigen FIA cartridge is placed inside Sofia 2 for automatically timed development (WALK AWAY Mode); or test cartridges can be placed on the counter or bench top for a manually timed development and then placed into Sofia 2 to be scanned (READ NOW Mode), allowing the user to markedly increase testing throughput per hour. (more...)
- May 09, 2020
The Sofia 2 instrument also offers 2 distinct workflows: depending upon the user's choice, the Sofia 2 SARS Antigen FIA cartridge is placed inside Sofia 2 for automatically timed development (WALK AWAY Mode); or test cartridges can be placed on the counter or bench top for a manually timed development and then placed into Sofia 2 to be scanned (READ NOW Mode), allowing the user to markedly increase testing throughput per hour. (more...)
How tech companies plan to reopen: Facebook, Google, Microsoft, Amazon
- May 09, 2020
Facebook employees who have the ability to work from home will be allowed to continue their remote work through the end of the year, FOX Business has learned. The social media giant said that it was still in the process of determining which employees would need to be present in the office. Facebook founder Mark Zuckerberg announced in April that the company was canceling physical events attended by more than 50 people until June 2021. (more...)
- May 09, 2020
Facebook employees who have the ability to work from home will be allowed to continue their remote work through the end of the year, FOX Business has learned. The social media giant said that it was still in the process of determining which employees would need to be present in the office. Facebook founder Mark Zuckerberg announced in April that the company was canceling physical events attended by more than 50 people until June 2021. (more...)
Treasury & IRS deliver Economic Impact Payments to 130M Americans
- May 09, 2020
Congress authorized payments of up to $1,200 per individual and $2,400 for married couples, plus $500 for children under 17, to help low- to middle-income Americans cope with the downturn caused by Covid-19. According to IRS guidance , a payment date is scheduled within 11 days after someone adds their bank account information. "A Payment made to someone who died before receipt of the Payment should be returned to the IRS by following the instructions in the Q&A about repayments". (more...)
- May 09, 2020
Congress authorized payments of up to $1,200 per individual and $2,400 for married couples, plus $500 for children under 17, to help low- to middle-income Americans cope with the downturn caused by Covid-19. According to IRS guidance , a payment date is scheduled within 11 days after someone adds their bank account information. "A Payment made to someone who died before receipt of the Payment should be returned to the IRS by following the instructions in the Q&A about repayments". (more...)
Oil heads for another weekly gain on demand hopes and shut-ins
- May 09, 2020
USA marker West Texas Intermediate also seesawed and was off 0.86 per cent in the afternoon at US$24.35, after rising 20 per cent the previous day. Shares of energy companies led the market higher as oil prices continued to climb. In the United States, the biggest oil and oil products consumer, motorists are starting to take to the roads as the lockdowns ease. (more...)
- May 09, 2020
USA marker West Texas Intermediate also seesawed and was off 0.86 per cent in the afternoon at US$24.35, after rising 20 per cent the previous day. Shares of energy companies led the market higher as oil prices continued to climb. In the United States, the biggest oil and oil products consumer, motorists are starting to take to the roads as the lockdowns ease. (more...)
Global brokerages upbeat on RIL after third Jio deal, raise targets
- May 09, 2020
Facebook and Silver Lake Partners also bought stakes in Jio in the past 15 days. Dr Reddy's gained by 4.4 per cent, Hindustan Lever by 3.3 per cent and Hindalco by 2.5 per cent. Jio, which was launched less than four years ago and is owned by India's largest conglomerate Reliance Industries, has raised over $8.1 billion in the space of three weeks. (more...)
- May 09, 2020
Facebook and Silver Lake Partners also bought stakes in Jio in the past 15 days. Dr Reddy's gained by 4.4 per cent, Hindustan Lever by 3.3 per cent and Hindalco by 2.5 per cent. Jio, which was launched less than four years ago and is owned by India's largest conglomerate Reliance Industries, has raised over $8.1 billion in the space of three weeks. (more...)
Pandemic destroys 20.5m U.S. jobs in April in historic collapse
- May 09, 2020
The economic damage has been swift and stunning. That figure, however, did not account for the millions of jobs lost in the final two weeks of March when the coronavirus pandemic forced states to shut down. That figure is expected to remain lower than the U.S. rate, in part because millions of workers in places such as France and Germany are staying on payrolls with the help of government aid that covers much of their salaries. (more...)
- May 09, 2020
The economic damage has been swift and stunning. That figure, however, did not account for the millions of jobs lost in the final two weeks of March when the coronavirus pandemic forced states to shut down. That figure is expected to remain lower than the U.S. rate, in part because millions of workers in places such as France and Germany are staying on payrolls with the help of government aid that covers much of their salaries. (more...)
Trump's personal valet tests positive for coronavirus
- May 09, 2020
The official said staff in the West Wing are tested regularly but much of Mr Pence's staff - which works next door in the Executive Office Building - are tested less frequently. The White House is reportedly increasing the frequency it tests people who come into contact with the USA president and vice president, which is now taking place daily rather than weekly. (more...)
- May 09, 2020
The official said staff in the West Wing are tested regularly but much of Mr Pence's staff - which works next door in the Executive Office Building - are tested less frequently. The White House is reportedly increasing the frequency it tests people who come into contact with the USA president and vice president, which is now taking place daily rather than weekly. (more...)
Zoom moves to mimic WhatsApp encryption standards with Keybase acquisition
- May 09, 2020
The end-to-end encryption will not be an option for users of the free Zoom service, so unfortunately, you won't be able to fully encrypt your cousin's Zoom birthday party. We believe that no current platform offers all of these. "This acquisition marks a key step for Zoom as we attempt to accomplish the creation of a truly private video communications platform that can scale to hundreds of millions of participants, while also having the flexibility to support Zoom's wide variety of uses", ... (more...)
- May 09, 2020
The end-to-end encryption will not be an option for users of the free Zoom service, so unfortunately, you won't be able to fully encrypt your cousin's Zoom birthday party. We believe that no current platform offers all of these. "This acquisition marks a key step for Zoom as we attempt to accomplish the creation of a truly private video communications platform that can scale to hundreds of millions of participants, while also having the flexibility to support Zoom's wide variety of uses", ... (more...)
British Airways owner IAG taps United Kingdom funds to survive slump
- May 09, 2020
BA ran a regular service between Bermuda and Gatwick, but flights have not operated since March 20 when the islands airport was closed to scheduled commercial flights because of the Covid-19 pandemic. "The results for the quarter were significantly impacted by the outbreak of COVID-19, which has had a devastating impact on the global airline and travel sectors, with the spread of the virus worldwide, resulting in lockdowns and travel restrictions and advisories, particularly from late February ... (more...)
- May 09, 2020
BA ran a regular service between Bermuda and Gatwick, but flights have not operated since March 20 when the islands airport was closed to scheduled commercial flights because of the Covid-19 pandemic. "The results for the quarter were significantly impacted by the outbreak of COVID-19, which has had a devastating impact on the global airline and travel sectors, with the spread of the virus worldwide, resulting in lockdowns and travel restrictions and advisories, particularly from late February ... (more...)
Second White House staffer tests positive for coronavirus
- May 09, 2020
But "everything is under consideration", the official said. However, it is not clear when she last interacted with Mr Trump. Ms Miller had tested negative on Thursday, a day before her positive result. In his " Fox and Friends " interview, President Trump said her personal valets have "already started" wearing masks. "Look, I get things done, I don't worry about things", Trump said Friday. (more...)
- May 09, 2020
But "everything is under consideration", the official said. However, it is not clear when she last interacted with Mr Trump. Ms Miller had tested negative on Thursday, a day before her positive result. In his " Fox and Friends " interview, President Trump said her personal valets have "already started" wearing masks. "Look, I get things done, I don't worry about things", Trump said Friday. (more...)
China's copper ore, concentrate imports rose 4.9%YoY in January-April
- May 09, 2020
China's imports of copper ore and concentrate increased about 14% to 2.03 million mt in April from a month earlier, according to data from China's General Administration of Customs released on Thursday. Many Chinese factories are grappling with slashed or cancelled overseas orders, after reopening as global demand stays tepid. Many are faced with rising inventory and falling profits, and some have let workers go as part of cost-cutting efforts. (more...)
- May 09, 2020
China's imports of copper ore and concentrate increased about 14% to 2.03 million mt in April from a month earlier, according to data from China's General Administration of Customs released on Thursday. Many Chinese factories are grappling with slashed or cancelled overseas orders, after reopening as global demand stays tepid. Many are faced with rising inventory and falling profits, and some have let workers go as part of cost-cutting efforts. (more...)
Futures climb as Sino-US tensions ease
- May 09, 2020
The NASDAQ index remained higher on the day but well off its high levels. That helped calm building concerns that tensions between the world's largest economies were close to flaring up again. The Russell 2000 index of small company stocks picked up 46.71 points, or 3.6%, to 1,329.64. France's CAC 40 rose 1.5%. In Asia, Hong Kong's Hang Seng added 1%, and stocks in Shanghai rose 0.8%. (more...)
- May 09, 2020
The NASDAQ index remained higher on the day but well off its high levels. That helped calm building concerns that tensions between the world's largest economies were close to flaring up again. The Russell 2000 index of small company stocks picked up 46.71 points, or 3.6%, to 1,329.64. France's CAC 40 rose 1.5%. In Asia, Hong Kong's Hang Seng added 1%, and stocks in Shanghai rose 0.8%. (more...)
China willing to accept World Health Organization team on virus origin
- May 08, 2020
We can not accept this. They are doing it out of malicious intentions. "The EU delegation nevertheless made a decision to proceed with publication with considerable reluctance as it considered it important to communicate on EU policy priorities", the spokesperson said. (more...)
- May 08, 2020
We can not accept this. They are doing it out of malicious intentions. "The EU delegation nevertheless made a decision to proceed with publication with considerable reluctance as it considered it important to communicate on EU policy priorities", the spokesperson said. (more...)
U.S. employment plunges in March amid worsening coronavirus damage
- May 08, 2020
But in the just two weeks the coronavirus pandemic has battered the jobs market, leading close to 10 million people to file for unemployment benefits , breaking unemployment office websites and call centers with the volume of their applications. (more...)
- May 08, 2020
But in the just two weeks the coronavirus pandemic has battered the jobs market, leading close to 10 million people to file for unemployment benefits , breaking unemployment office websites and call centers with the volume of their applications. (more...)
Calamity: Unemployment hits highest rate since Great Depression
- May 08, 2020
However, those claims do not reflect every job lost in the United States , because not everyone who loses their job is eligible for unemployment insurance. "Somebody said, 'oh look at this, '" he said on Fox News minutes after the labour department published the figures. An overwhelming share of those who lost jobs described them as temporary. (more...)
- May 08, 2020
However, those claims do not reflect every job lost in the United States , because not everyone who loses their job is eligible for unemployment insurance. "Somebody said, 'oh look at this, '" he said on Fox News minutes after the labour department published the figures. An overwhelming share of those who lost jobs described them as temporary. (more...)
Lira hits record low as Turkey targets market manipulation
- May 08, 2020
Instead the government is hoping for a swap line from the US Federal Reserve, and Albayrak has said Ankara is in contact with other G20 countries about similar moves. But despite his optimism, investors fear Turkey could struggle to address the cash crunch. The drop in the Lira came as investors anxious about diminished currency reserves and the need of foreign financing, and according to market consensus, the currency is expected to continue to weaken, with some analysts forecasting a ... (more...)
- May 08, 2020
Instead the government is hoping for a swap line from the US Federal Reserve, and Albayrak has said Ankara is in contact with other G20 countries about similar moves. But despite his optimism, investors fear Turkey could struggle to address the cash crunch. The drop in the Lira came as investors anxious about diminished currency reserves and the need of foreign financing, and according to market consensus, the currency is expected to continue to weaken, with some analysts forecasting a ... (more...)
Statistics Canada says nearly two million jobs lost in April
- May 08, 2020
According to the Statistics Canada report the shock to the labour market was only partially reflected in the March numbers. The unemployment rate , meanwhile, rose to 13 per cent in April, largely driven by temporary layoffs. Most non-essential businesses have been shut since mid-March as officials urge people to stay at home to slow the spread of the coronavirus, but in recent weeks, some of the 10 Canadian provinces have started to gradually reopen their economies. (more...)
- May 08, 2020
According to the Statistics Canada report the shock to the labour market was only partially reflected in the March numbers. The unemployment rate , meanwhile, rose to 13 per cent in April, largely driven by temporary layoffs. Most non-essential businesses have been shut since mid-March as officials urge people to stay at home to slow the spread of the coronavirus, but in recent weeks, some of the 10 Canadian provinces have started to gradually reopen their economies. (more...)
Benchmarks Resume Slide as Virus Cases Spurt; Banks Top Drag
- May 08, 2020
HUL was the top loser in the Sensex pack, dropping over 3 per cent, followed by Kotak Bank, ONGC, Bharti Airtel, PowerGrid, Titan and Nestle. While HCL Tech, Sun Pharma , Axis Bank and Bajaj Finance were the major gainers rising over 3 percent. (more...)
- May 08, 2020
HUL was the top loser in the Sensex pack, dropping over 3 per cent, followed by Kotak Bank, ONGC, Bharti Airtel, PowerGrid, Titan and Nestle. While HCL Tech, Sun Pharma , Axis Bank and Bajaj Finance were the major gainers rising over 3 percent. (more...)
Oil surges to post a fifth straight day of gains
- May 08, 2020
Brent crude was up 47 cents, or 1.5%, at $29.33 a barrel by 0121 GMT, having fallen almost 1% on Thursday. Brent crude gained as much as 7%. Also providing a boost is Saudi Arabia raising its official oil selling prices, which "alleviates pressure on global crude pricing", says Mizuho energy analyst Paul Sankey. (more...)
- May 08, 2020
Brent crude was up 47 cents, or 1.5%, at $29.33 a barrel by 0121 GMT, having fallen almost 1% on Thursday. Brent crude gained as much as 7%. Also providing a boost is Saudi Arabia raising its official oil selling prices, which "alleviates pressure on global crude pricing", says Mizuho energy analyst Paul Sankey. (more...)
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