Markets
Powerball $80 million winning numbers are revealed
- July 11, 2020
The current record is a $50m Powerball ticket, picked up from NewsXpress in Armadale five years ago. The mystery victor will now share the title of Australia's third biggest lottery victor... Understandably, she was absolutely shocked to find out she had won, especially considering it was the first time she had ever bought a lottery ticket. (more...)
- July 11, 2020
The current record is a $50m Powerball ticket, picked up from NewsXpress in Armadale five years ago. The mystery victor will now share the title of Australia's third biggest lottery victor... Understandably, she was absolutely shocked to find out she had won, especially considering it was the first time she had ever bought a lottery ticket. (more...)
Could Tamworth Boots stores face cuts?
- July 11, 2020
John Lewis will also close two of its travel hub shops at Heathrow and St. Pancras and four of its At Home shops in Croydon , Newbury , Swindon and Tamworth . Currently, Boots operates a number of premises in Limerick city including at William Street, Childers Road and at the Crescent Shopping Centre in Dooradoyle. (more...)
- July 11, 2020
John Lewis will also close two of its travel hub shops at Heathrow and St. Pancras and four of its At Home shops in Croydon , Newbury , Swindon and Tamworth . Currently, Boots operates a number of premises in Limerick city including at William Street, Childers Road and at the Crescent Shopping Centre in Dooradoyle. (more...)
USA sanctions may have made Huawei more of a security risk
- July 11, 2020
A Government decision in January permitted the Chinese firm limited access, but there is continued pressure to remove Huawei from communication networks entirely, and new USA sanctions aimed at the firm's supply chain has sparked a review of the decision. (more...)
- July 11, 2020
A Government decision in January permitted the Chinese firm limited access, but there is continued pressure to remove Huawei from communication networks entirely, and new USA sanctions aimed at the firm's supply chain has sparked a review of the decision. (more...)
Iconic sedan nameplate now an SUV also — Toyota Corolla Cross
- July 11, 2020
The design of the Corolla Cross seems like an evolution of the RAV4. Toyota South Africa Motors has told CARmag.co.za it is "unable to confirm any more details at this point", adding "Toyota's product portfolio is vast and we are now investigating a number of different models for local introduction, however we can not confirm the specific details at this stage". (more...)
- July 11, 2020
The design of the Corolla Cross seems like an evolution of the RAV4. Toyota South Africa Motors has told CARmag.co.za it is "unable to confirm any more details at this point", adding "Toyota's product portfolio is vast and we are now investigating a number of different models for local introduction, however we can not confirm the specific details at this stage". (more...)
Boohoo to launch independent review of supply chain
- July 11, 2020
Online fashion giant Boohoo says it will investigate its supply chain after an undercover investigation claimed some United Kingdom garment workers were being paid just £3.50 (AU$6.27 an hour) to make Nasty Gal garments through the coronavirus pandemic. (more...)
- July 11, 2020
Online fashion giant Boohoo says it will investigate its supply chain after an undercover investigation claimed some United Kingdom garment workers were being paid just £3.50 (AU$6.27 an hour) to make Nasty Gal garments through the coronavirus pandemic. (more...)
Rivian lands another $2.5 billion in investments
- July 11, 2020
Today's raise adds to the more than $2.8 billion it raised previous year from investors including Ford and cable-conglomerate Cox Enterprises Inc., which also has dozens of auto-related businesses. Rivian was set to launch its first two consumer vehicles, the R1T pickup truck and R1S SUV, this year, but postponed their release to 2021 due to the coronavirus pandemic . (more...)
- July 11, 2020
Today's raise adds to the more than $2.8 billion it raised previous year from investors including Ford and cable-conglomerate Cox Enterprises Inc., which also has dozens of auto-related businesses. Rivian was set to launch its first two consumer vehicles, the R1T pickup truck and R1S SUV, this year, but postponed their release to 2021 due to the coronavirus pandemic . (more...)
Sask. added 30K jobs from May to June
- July 11, 2020
Despite the strong advances of the past two months, the level of employment in Canada is still about 9% below what it was in February, the data agency said. These individuals are not reflected in unemployment figures because they did not actively look for work, presumably due to the pandemic shutdowns. Market expectations were for an increase of 550,000 jobs in June, according to economists from National Bank Financial. (more...)
- July 11, 2020
Despite the strong advances of the past two months, the level of employment in Canada is still about 9% below what it was in February, the data agency said. These individuals are not reflected in unemployment figures because they did not actively look for work, presumably due to the pandemic shutdowns. Market expectations were for an increase of 550,000 jobs in June, according to economists from National Bank Financial. (more...)
Nasdaq ends at record high as Wall St rises with tech shares
- July 11, 2020
The state also reported a record spike in COVID deaths. Shares of Gilead rose 2.7 percent. "We're seeing I think some rotation from winners into the laggards here today". S&P 500 companies are expected to post a more than 40% decline in year-over-year earnings, which would be the biggest quarterly profit drop since the 2008 financial crisis, based on IBES data from Refinitiv. (more...)
- July 11, 2020
The state also reported a record spike in COVID deaths. Shares of Gilead rose 2.7 percent. "We're seeing I think some rotation from winners into the laggards here today". S&P 500 companies are expected to post a more than 40% decline in year-over-year earnings, which would be the biggest quarterly profit drop since the 2008 financial crisis, based on IBES data from Refinitiv. (more...)
London's June jobless rate worst in almost 20 years, bucking provincial trend
- July 10, 2020
Canada-wide, employment rose by almost one million jobs (953,000) in June with retail (184,000) and the service industry (164,000) seeing the largest gains. While the addition of hundreds of thousands of jobs is a step in the right direction, the still-high unemployment rate shows more work still needs to be done to help Canadians weather the economic impacts of COVID-19. (more...)
- July 10, 2020
Canada-wide, employment rose by almost one million jobs (953,000) in June with retail (184,000) and the service industry (164,000) seeing the largest gains. While the addition of hundreds of thousands of jobs is a step in the right direction, the still-high unemployment rate shows more work still needs to be done to help Canadians weather the economic impacts of COVID-19. (more...)
‘I Feel Threatened!’ - Anti-Mask Freakout Gets Man Fired
- July 10, 2020
Yelling things like, "I feel threatened", and "Back up!" Maples was identified after the video went viral on Twitter by his employer, Ted Todd Insurance , where he's reportedly worked since 2016. And in what might be the most horrifying incident of all, an irate woman purposely coughed on a cancer patient to retaliate against store employees who refused to serve her until she wore a mask. (more...)
- July 10, 2020
Yelling things like, "I feel threatened", and "Back up!" Maples was identified after the video went viral on Twitter by his employer, Ted Todd Insurance , where he's reportedly worked since 2016. And in what might be the most horrifying incident of all, an irate woman purposely coughed on a cancer patient to retaliate against store employees who refused to serve her until she wore a mask. (more...)
Supreme Court sides with religious zealots
- July 10, 2020
Christian conservatives, a key constituency for Trump as he seeks re-election on November 3, had strongly opposed the Obamacare mandate. The Trump administration has gone to great lengths to make it more expensive for them to obtain contraceptive coverage. (more...)
- July 10, 2020
Christian conservatives, a key constituency for Trump as he seeks re-election on November 3, had strongly opposed the Obamacare mandate. The Trump administration has gone to great lengths to make it more expensive for them to obtain contraceptive coverage. (more...)
Canada has handled coronavirus outbreak better than US, Trudeau says
- July 10, 2020
Morneau, however, does say there's a projection of a 5.5 per cent rebound in 2021. The document tries to make that case, saying the $80-billion Canada Emergency Response Benefit, which had paid out $53.5 billion in benefits as of late June, has covered Canadians' estimated $44.6 billion in lost labour income through the first half of the year. (more...)
- July 10, 2020
Morneau, however, does say there's a projection of a 5.5 per cent rebound in 2021. The document tries to make that case, saying the $80-billion Canada Emergency Response Benefit, which had paid out $53.5 billion in benefits as of late June, has covered Canadians' estimated $44.6 billion in lost labour income through the first half of the year. (more...)
Tesla 'Very Close' to Level 5 Autonomous Driving Technology, Elon Musk Says
- July 10, 2020
Tesla company is approaching the next-level driving technologies. alowing vehicles to move without human interference whatsoever, i.e. without the driver. National Transportation Safety Board investigators said Banner turned on the Autopilot feature about 10 seconds prior to the crash, and the Autopilot did not execute any evasive maneuvers to avoid the collision. (more...)
- July 10, 2020
Tesla company is approaching the next-level driving technologies. alowing vehicles to move without human interference whatsoever, i.e. without the driver. National Transportation Safety Board investigators said Banner turned on the Autopilot feature about 10 seconds prior to the crash, and the Autopilot did not execute any evasive maneuvers to avoid the collision. (more...)
Republican senators say they plan to skip party convention
- July 09, 2020
On the Republican side, three Republican senators, Chuck Grassley of Iowa, Lamar Alexander of Tennessee and Susan Collins of ME, said this week that they would skip the events in Jacksonville. A group of Jacksonville attorneys are trying to stop the Republican National Convention from coming to their city, The Hill reports. The mayor said it was negative for the virus. (more...)
- July 09, 2020
On the Republican side, three Republican senators, Chuck Grassley of Iowa, Lamar Alexander of Tennessee and Susan Collins of ME, said this week that they would skip the events in Jacksonville. A group of Jacksonville attorneys are trying to stop the Republican National Convention from coming to their city, The Hill reports. The mayor said it was negative for the virus. (more...)
Muslim woman feels humiliated after Starbucks writes 'ISIS' on her coffee cup
- July 09, 2020
Mohamed Ibrahim, the group's deputy director, said at a press conference that the incident was yet another "reminder that Islamophobia is alive and present in our communities". Upon speaking to the Starbucks supervisor, Aishah claimed her "concerns were dismissed" while she was given a new drink and a $25 gift card before being escorted out of the shop by security. (more...)
- July 09, 2020
Mohamed Ibrahim, the group's deputy director, said at a press conference that the incident was yet another "reminder that Islamophobia is alive and present in our communities". Upon speaking to the Starbucks supervisor, Aishah claimed her "concerns were dismissed" while she was given a new drink and a $25 gift card before being escorted out of the shop by security. (more...)
Gold prices today fall after rising above ₹49,000 per 10 gram
- July 09, 2020
Global gold prices eased as risk sentiment improved ahead of U.S. services sector data, although losses were capped by worries over surging coronavirus cases in some USA states. Gold gained around 0.75 percent and settled at $1820.60 per troy ounce and silver gained around 2.50 percent to settle at $19.16 per troy ounce. "Gold is having a strong support at $1,796 per troy ounce /Rs 48,800 on a closing basis". (more...)
- July 09, 2020
Global gold prices eased as risk sentiment improved ahead of U.S. services sector data, although losses were capped by worries over surging coronavirus cases in some USA states. Gold gained around 0.75 percent and settled at $1820.60 per troy ounce and silver gained around 2.50 percent to settle at $19.16 per troy ounce. "Gold is having a strong support at $1,796 per troy ounce /Rs 48,800 on a closing basis". (more...)
Silicon Valley data-analysis titan Palantir files to go public
- July 09, 2020
While we are progressing with a new normal on the economic front, we are witnessing boosted confidence among the investors, with a flurry of USA technology companies that drove NASDAQ to cross the level of 10,000 points. Investors also embraced the IPOs of the auto sales start-up Vroom and ZoomInfo, the sales software company. It's valued more than US$20 billion and has raised over US$ 3 billion since its formation. (more...)
- July 09, 2020
While we are progressing with a new normal on the economic front, we are witnessing boosted confidence among the investors, with a flurry of USA technology companies that drove NASDAQ to cross the level of 10,000 points. Investors also embraced the IPOs of the auto sales start-up Vroom and ZoomInfo, the sales software company. It's valued more than US$20 billion and has raised over US$ 3 billion since its formation. (more...)
Brooks Brothers, founded in 1818, files for bankruptcy
- July 09, 2020
Another men's clothier, Barneys of NY, sought bankruptcy protection a year ago, and it was followed by a slew of others toppled by the pandemic, including Neiman Marcus , J.Crew and J.C. The company, founded and based in NY, filed for Chapter 11 restructuring proceedings in the US Bankruptcy Court for the District of Delaware. The Chapter 11 bankruptcy filing in DE allows Brooks Brothers to keep operating while it works out a plan to turn the business around and pay its debts. (more...)
- July 09, 2020
Another men's clothier, Barneys of NY, sought bankruptcy protection a year ago, and it was followed by a slew of others toppled by the pandemic, including Neiman Marcus , J.Crew and J.C. The company, founded and based in NY, filed for Chapter 11 restructuring proceedings in the US Bankruptcy Court for the District of Delaware. The Chapter 11 bankruptcy filing in DE allows Brooks Brothers to keep operating while it works out a plan to turn the business around and pay its debts. (more...)
United sending layoff notices to nearly half of US employees
- July 09, 2020
The number of air travelers traveling out of US airports has steadily risen since bottoming out in April but remains low. United officials said Wednesday that they still hope to limit the number of October layoffs by offering early retirement, and that the 36,000 number is a worst case scenario. (more...)
- July 09, 2020
The number of air travelers traveling out of US airports has steadily risen since bottoming out in April but remains low. United officials said Wednesday that they still hope to limit the number of October layoffs by offering early retirement, and that the 36,000 number is a worst case scenario. (more...)
USA stocks open lower as travel-related shares slide
- July 09, 2020
A sharp surge in COVID-19 cases recently in the United States has cast a shadow over the strong rally in stocks as many states have curtailed their reopening plans, threatening to derail the economic recovery. "I think investors at this juncture are playing with fire", he said, noting the rise in safe-haven gold prices. Markets also appeared to be in a wait-and-watch mode before the beginning of the second-quarter earnings season, which kicks off next week with reports from the big Wall ... (more...)
- July 09, 2020
A sharp surge in COVID-19 cases recently in the United States has cast a shadow over the strong rally in stocks as many states have curtailed their reopening plans, threatening to derail the economic recovery. "I think investors at this juncture are playing with fire", he said, noting the rise in safe-haven gold prices. Markets also appeared to be in a wait-and-watch mode before the beginning of the second-quarter earnings season, which kicks off next week with reports from the big Wall ... (more...)
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