Markets
Reebok Ends CrossFit Partnership After CEO's George Floyd Tweet
- June 09, 2020
Glassman followed up later in the thread with this tweet: "Your failed model quarantined us and now you're going to model a solution to racism?" What do people who do CrossFit now say they do, and how do they identify with a sport whose name is tarnished by the tweets of its founder and CEO? It uses an affiliate model, developed by Glassman , while the CrossFit Games - first launched in 2007 - have become a global showpiece, with Reebok as the current sponsors. (more...)
- June 09, 2020
Glassman followed up later in the thread with this tweet: "Your failed model quarantined us and now you're going to model a solution to racism?" What do people who do CrossFit now say they do, and how do they identify with a sport whose name is tarnished by the tweets of its founder and CEO? It uses an affiliate model, developed by Glassman , while the CrossFit Games - first launched in 2007 - have become a global showpiece, with Reebok as the current sponsors. (more...)
USA stocks point to coming bull market
- June 09, 2020
The Nasdaq Composite was up 25.66 points, or 0.26%, at 9,950.41. Elsewhere, futures markets are also suggesting that the S&P 500 index and the Nasdaq Composite will open lower on Tuesday. "We're possibly seeing some signs of a much quicker recovery than anyone anticipated". Analysts are generally cautious on the stock market. S&P 500 Energy Index drops almost 4% in early trade. (more...)
- June 09, 2020
The Nasdaq Composite was up 25.66 points, or 0.26%, at 9,950.41. Elsewhere, futures markets are also suggesting that the S&P 500 index and the Nasdaq Composite will open lower on Tuesday. "We're possibly seeing some signs of a much quicker recovery than anyone anticipated". Analysts are generally cautious on the stock market. S&P 500 Energy Index drops almost 4% in early trade. (more...)
India's economy to shrink by 3.2% in 2020-21, worst since 1979
- June 09, 2020
Please be totally notified relating to the threats and expenses connected with trading the monetary markets, it is among the riskiest financial investment types possible. "With almost 90 percent of EMDEs expected to experience contractions in per capita incomes this year, many millions are likely to fall back into poverty", it said. (more...)
- June 09, 2020
Please be totally notified relating to the threats and expenses connected with trading the monetary markets, it is among the riskiest financial investment types possible. "With almost 90 percent of EMDEs expected to experience contractions in per capita incomes this year, many millions are likely to fall back into poverty", it said. (more...)
No Significant Progress In Post-Brexit Talks, Says EU
- June 09, 2020
The UK hopes that a free trade agreement with Japan will help it to eventually join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Boris Johnson reportedly wants to change the terms of the Brexit withdrawal agreement that he spent the general election promoting as "oven-ready" and "ready-to-go". (more...)
- June 09, 2020
The UK hopes that a free trade agreement with Japan will help it to eventually join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Boris Johnson reportedly wants to change the terms of the Brexit withdrawal agreement that he spent the general election promoting as "oven-ready" and "ready-to-go". (more...)
BP to whack 10,000 from global workforce, Looney says
- June 09, 2020
BP plans to cut about 15 per cent of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney's plan to shift the oil and gas major to renewable energy, company sources told Reuters on Monday. He pledged to bring down capital expenditure by 25 per cent this year, a reduction of around US$3 billion. On Monday, however, Looney said the company is likely to need to cut costs even further. (more...)
- June 09, 2020
BP plans to cut about 15 per cent of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney's plan to shift the oil and gas major to renewable energy, company sources told Reuters on Monday. He pledged to bring down capital expenditure by 25 per cent this year, a reduction of around US$3 billion. On Monday, however, Looney said the company is likely to need to cut costs even further. (more...)
Jeff Bezos Is "Happy to Lose" Customers Against Black Lives Matter
- June 09, 2020
But none of the supporters of the recent movement, including the organizers, ever described the protests as "only" 'Black Lives Matter .' The protests started with this name signifies how historically African Americans were dominated in the country who were used earlier as slaves. (more...)
- June 09, 2020
But none of the supporters of the recent movement, including the organizers, ever described the protests as "only" 'Black Lives Matter .' The protests started with this name signifies how historically African Americans were dominated in the country who were used earlier as slaves. (more...)
S&P 500, Dow Extend Rally On Hopes Of Swift Economic Rebound
- June 09, 2020
Nasdaq 100 e-minis were down 20.25 points, or 0.21%, a day after it closed at record levels for the first time since February 19. Stocks are closing higher on Wall Street, notching a record high close for the Nasdaq and extending a market rally into a fourth week. (more...)
- June 09, 2020
Nasdaq 100 e-minis were down 20.25 points, or 0.21%, a day after it closed at record levels for the first time since February 19. Stocks are closing higher on Wall Street, notching a record high close for the Nasdaq and extending a market rally into a fourth week. (more...)
Crude prices fall after Saudis say bye bye to bonus output cuts
- June 09, 2020
Both benchmarks rose to their highest since March earlier in the session with WTI topping $40 a barrel. HSBC Global Research on Monday raised its 2020 oil price forecasts and projected the market would move into deficit in July helped by output cuts. (more...)
- June 09, 2020
Both benchmarks rose to their highest since March earlier in the session with WTI topping $40 a barrel. HSBC Global Research on Monday raised its 2020 oil price forecasts and projected the market would move into deficit in July helped by output cuts. (more...)
Ryanair boss: Britons know quarantine rules are rubbish
- June 08, 2020
Ryanair will not cancel flights to and from the United Kingdom despite the government introducing a 14-day quarantine for global travellers because it is seeing thousands of Britons booking holidays, boss Michael O'Leary said today. Ryanair will not cancel flights and plans to fly half-empty planes in July and August in the face of the Government's "stupid" quarantine plan, which came into force this morning. (more...)
- June 08, 2020
Ryanair will not cancel flights to and from the United Kingdom despite the government introducing a 14-day quarantine for global travellers because it is seeing thousands of Britons booking holidays, boss Michael O'Leary said today. Ryanair will not cancel flights and plans to fly half-empty planes in July and August in the face of the Government's "stupid" quarantine plan, which came into force this morning. (more...)
Ford government to unveil Phase 2 of reopening economy today
- June 08, 2020
All places of worship will also be able to reopen at up to 30 per cent capacity, with physical distancing measures in place. For more information, including details on all businesses and services that will be allowed to reopen as part of Stage 2, see the full list on the Government of Ontario website . (more...)
- June 08, 2020
All places of worship will also be able to reopen at up to 30 per cent capacity, with physical distancing measures in place. For more information, including details on all businesses and services that will be allowed to reopen as part of Stage 2, see the full list on the Government of Ontario website . (more...)
BP to cut 10,000 jobs as virus hits demand for oil
- June 08, 2020
The job cuts are part of Mr Looney's drive to make the 111-year-old oil company more nimble as it prepares for the shift to low-carbon energy. Chief Executive Bernard Looney said Monday that the roles will be office-based and come mostly this year. (more...)
- June 08, 2020
The job cuts are part of Mr Looney's drive to make the 111-year-old oil company more nimble as it prepares for the shift to low-carbon energy. Chief Executive Bernard Looney said Monday that the roles will be office-based and come mostly this year. (more...)
Power restored after thousands report outages across Edmonton and all over Alberta
- June 08, 2020
However Fortis said the issue is due to a loss of tie in line from B.C. ENMAX confirmed that 40,000 customers had been impacted. "We will begin restoring customers once advised it is safe to proceed", Epcor said on social media. Calgary police said it is impacting traffic lights, notably those at the intersection of Memorial Drive and 68th Street N.E. They expect more reports will come in. (more...)
- June 08, 2020
However Fortis said the issue is due to a loss of tie in line from B.C. ENMAX confirmed that 40,000 customers had been impacted. "We will begin restoring customers once advised it is safe to proceed", Epcor said on social media. Calgary police said it is impacting traffic lights, notably those at the intersection of Memorial Drive and 68th Street N.E. They expect more reports will come in. (more...)
Reliance Jio Raises Further $2.5 Billion From Foreign Investors
- June 08, 2020
The state-owned authority will invest US$752 million for a 1.16% stake in the arm of Reliance Industries Ltd, the Mumbai-based company said yesterday in a statement. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, Reliance Industries Limited (RIL), parent of Jio Platforms, said in an exchange filing. (more...)
- June 08, 2020
The state-owned authority will invest US$752 million for a 1.16% stake in the arm of Reliance Industries Ltd, the Mumbai-based company said yesterday in a statement. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, Reliance Industries Limited (RIL), parent of Jio Platforms, said in an exchange filing. (more...)
Biden: Trump's comment on Floyd despicable
- June 08, 2020
Twitter CEO Jack Dorsey has responded to accusations made by US President Donald Trump of one-sided censorship and illegally removing a George Floyd-related Trump campaign video from the social media platform. The Team Trump video was retweeted by Trump and his son, Donald Trump Jr., before it was removed with a message that said: "This media has been disabled in response to a report by the copyright owner". (more...)
- June 08, 2020
Twitter CEO Jack Dorsey has responded to accusations made by US President Donald Trump of one-sided censorship and illegally removing a George Floyd-related Trump campaign video from the social media platform. The Team Trump video was retweeted by Trump and his son, Donald Trump Jr., before it was removed with a message that said: "This media has been disabled in response to a report by the copyright owner". (more...)
Slack joins forces with Amazon in bid to challenge Microsoft Teams
- June 07, 2020
These changes include Slack migrating its Slack Calls functionality to Chime and the leveraging of AWS's infrastructure to support adoption of its platform as well as giving users the choice to choose which region or country stores their data. (more...)
- June 07, 2020
These changes include Slack migrating its Slack Calls functionality to Chime and the leveraging of AWS's infrastructure to support adoption of its platform as well as giving users the choice to choose which region or country stores their data. (more...)
Tesla, Inc. (NASDAQ:TSLA) Calls Out Jeff Bezos Tweeting "Monopolies are wrong"
- June 07, 2020
On Thursday, the CEO of Tesla and SpaceX tweeted that Amazon should be broken up because "monopolies are wrong" after the company reportedly censored the publication of a book about the coronavirus. Berenson, a former New York Times writer, authored the book Unreported Truths about COVID-19 and Lockdowns: Part 1: Introduction and Death Counts. (more...)
- June 07, 2020
On Thursday, the CEO of Tesla and SpaceX tweeted that Amazon should be broken up because "monopolies are wrong" after the company reportedly censored the publication of a book about the coronavirus. Berenson, a former New York Times writer, authored the book Unreported Truths about COVID-19 and Lockdowns: Part 1: Introduction and Death Counts. (more...)
Bentley to cut a quarter of workforce
- June 07, 2020
The luxury carmaker plans to reduce headcount through voluntary measures but "cannot rule out future compulsory redundancies", the Crewe-based manufacturer said in a statement. Unite's convener at Bentley, Stuart Davis, added: "Our members have shown their commitment to the brand over many years and this should not go unrecognised". (more...)
- June 07, 2020
The luxury carmaker plans to reduce headcount through voluntary measures but "cannot rule out future compulsory redundancies", the Crewe-based manufacturer said in a statement. Unite's convener at Bentley, Stuart Davis, added: "Our members have shown their commitment to the brand over many years and this should not go unrecognised". (more...)
Unemployment rate falls to 13.3% in May
- June 07, 2020
J.C. Penney store closings list released: Is your local store facing liquidation in bankruptcy? Erica Groshen, a labor economist at Cornell University and a former commissioner of the Labor Department's Bureau of Labor Statistics , said hiring could ramp up relatively quickly in the coming months and reduce unemployment to low double-digits by year's end. (more...)
- June 07, 2020
J.C. Penney store closings list released: Is your local store facing liquidation in bankruptcy? Erica Groshen, a labor economist at Cornell University and a former commissioner of the Labor Department's Bureau of Labor Statistics , said hiring could ramp up relatively quickly in the coming months and reduce unemployment to low double-digits by year's end. (more...)
‘Time to break up Amazon,’ Musk tells Bezos
- June 07, 2020
The Amazon spokeswoman didn't, however, address a later tweet from Musk, stating, "Time to break up Amazon". During the latest Tesla earnings call , Musk said stay-at-home orders are fascist. Musk has lashed out about shelter-at-home restrictions to curb the spread of the novel coronavirus as well. Elon Musk had then agreed to submit his tweets to an overseer from then on. (more...)
- June 07, 2020
The Amazon spokeswoman didn't, however, address a later tweet from Musk, stating, "Time to break up Amazon". During the latest Tesla earnings call , Musk said stay-at-home orders are fascist. Musk has lashed out about shelter-at-home restrictions to curb the spread of the novel coronavirus as well. Elon Musk had then agreed to submit his tweets to an overseer from then on. (more...)
General Motors plans electric van
- June 07, 2020
The plan could end up putting GM into the commercial electric vehicle conversation. Those sources also said the van will be built at GM's Detroit-Hamtramck plant. Meanwhile, a number of suppliers familiar with the General Motor plan were quoted saying that the Detroit carmakers, which usually rely heavily on commercial vehicles such as trucks for a bigger slice of their revenues, didn't want to keep the door open to Tesla Inc. (more...)
- June 07, 2020
The plan could end up putting GM into the commercial electric vehicle conversation. Those sources also said the van will be built at GM's Detroit-Hamtramck plant. Meanwhile, a number of suppliers familiar with the General Motor plan were quoted saying that the Detroit carmakers, which usually rely heavily on commercial vehicles such as trucks for a bigger slice of their revenues, didn't want to keep the door open to Tesla Inc. (more...)
Latest news
United States denies Iran claims of prisoner deal; UK plays it down