Markets
Flipping startup Opendoor going public at valuation of US$4.8 billion
- September 18, 2020
The transaction comes during a wave of market interest in special goal acquisition companies, or SPACs , often called blank-check companies. It now operates in 21 markets across the U.S. Social Capital, the blank-check firm backed by Virgin Galactic Chairman Chamath Palihapitiya, raised $360 million when it went public in April. If not acquiring a public through a SPAC, he's also used personal capital to take majority stakes in businesses. (more...)
- September 18, 2020
The transaction comes during a wave of market interest in special goal acquisition companies, or SPACs , often called blank-check companies. It now operates in 21 markets across the U.S. Social Capital, the blank-check firm backed by Virgin Galactic Chairman Chamath Palihapitiya, raised $360 million when it went public in April. If not acquiring a public through a SPAC, he's also used personal capital to take majority stakes in businesses. (more...)
Australia posts surprise fall in unemployment despite strict coronavirus lockdown
- September 18, 2020
Tasmania also saw an increase in its jobless rate to 6.3 per cent in August, from 6.0 per cent in July. This takes employment back to its July 2018 figures. Data on underemployment - part-time workers who would like to work more or full-time workers who are not working ordinary hours - revealed that workers are still not working as much as they would like to. (more...)
- September 18, 2020
Tasmania also saw an increase in its jobless rate to 6.3 per cent in August, from 6.0 per cent in July. This takes employment back to its July 2018 figures. Data on underemployment - part-time workers who would like to work more or full-time workers who are not working ordinary hours - revealed that workers are still not working as much as they would like to. (more...)
Ferrari Portofino M revealed
- September 18, 2020
Adding the letter "M" to the name (it stands for "Modificata") does not mean the old Portofino gets to continue: the Portofino M facelift effectively replaces it. "The Portofino M is not the open version of the Roma, exactly as the Roma is not the closed version of the Portofino", Galliera said. A 0-100 sprint time is achieved in 3.4 seconds while its top speed is capped at 320 km/h. (more...)
- September 18, 2020
Adding the letter "M" to the name (it stands for "Modificata") does not mean the old Portofino gets to continue: the Portofino M facelift effectively replaces it. "The Portofino M is not the open version of the Roma, exactly as the Roma is not the closed version of the Portofino", Galliera said. A 0-100 sprint time is achieved in 3.4 seconds while its top speed is capped at 320 km/h. (more...)
Check your tickets! Winning numbers for Powerball's $60million draw are revealed
- September 18, 2020
Oh my god, this is insane. There were more than 1.5 million entrants in last night's mega jackpot, with 26 Division Two winners, who won $35,977.90 for their tickets in the draw. 'This is very overwhelming. I'm shaking like a leaf! "I play every week, and lately, I haven't had much luck". "I thought this day would never come, but it's a real life changer", the player said. (more...)
- September 18, 2020
Oh my god, this is insane. There were more than 1.5 million entrants in last night's mega jackpot, with 26 Division Two winners, who won $35,977.90 for their tickets in the draw. 'This is very overwhelming. I'm shaking like a leaf! "I play every week, and lately, I haven't had much luck". "I thought this day would never come, but it's a real life changer", the player said. (more...)
Mazda CX-30 gains 227 hp Turbo model
- September 18, 2020
Mazda in North America has revealed the new CX-30 Turbo , which uses the same 186 kW turbocharged 2,5-litre, four-cylinder petrol engine as the hottest Mazda3 . The 360° View Monitor with high-definition digital clarity is also available. Mazda Mexico's website doesn't detail whether any specific upgrades have been made to the CX-30's chassis to accommodate the additional turbocharged grunt, though it does confirm the Turbo rides on 18-inch aluminium alloy wheels shod in 215/55 profile ... (more...)
- September 18, 2020
Mazda in North America has revealed the new CX-30 Turbo , which uses the same 186 kW turbocharged 2,5-litre, four-cylinder petrol engine as the hottest Mazda3 . The 360° View Monitor with high-definition digital clarity is also available. Mazda Mexico's website doesn't detail whether any specific upgrades have been made to the CX-30's chassis to accommodate the additional turbocharged grunt, though it does confirm the Turbo rides on 18-inch aluminium alloy wheels shod in 215/55 profile ... (more...)
ByteDance: TikTok proposal needs approval from both China and U.S.
- September 18, 2020
A Walmart spokesman on Thursday declined to comment further, and Oracle did not immediately respond to inquiries from DailyMail.com on Thursday morning. Trump said that his administration talked with Walmart and Oracle on Thursday but "nothing much has changed" regarding a deal. The new company, which would be called TikTok Global, according to Treasury Secretary Steven Mnuchin , will be the result of a transaction forced by President Donald Trump last month because of national security ... (more...)
- September 18, 2020
A Walmart spokesman on Thursday declined to comment further, and Oracle did not immediately respond to inquiries from DailyMail.com on Thursday morning. Trump said that his administration talked with Walmart and Oracle on Thursday but "nothing much has changed" regarding a deal. The new company, which would be called TikTok Global, according to Treasury Secretary Steven Mnuchin , will be the result of a transaction forced by President Donald Trump last month because of national security ... (more...)
Oxfam says wealthy nations have already stockpiled potential vaccine supply
- September 18, 2020
More than 170 countries have joined the World Health Organisation's COVAX facility to boost development of vaccines to combat the COVID-19 pandemic, the body's director general said . The UK has, for example, secured the equivalent of five vaccine doses per person. This will only be possible if pharmaceutical corporations allow vaccines to be produced as widely as possible by freely sharing their knowledge free of patents, instead of protecting their monopolies and selling to the highest ... (more...)
- September 18, 2020
More than 170 countries have joined the World Health Organisation's COVAX facility to boost development of vaccines to combat the COVID-19 pandemic, the body's director general said . The UK has, for example, secured the equivalent of five vaccine doses per person. This will only be possible if pharmaceutical corporations allow vaccines to be produced as widely as possible by freely sharing their knowledge free of patents, instead of protecting their monopolies and selling to the highest ... (more...)
Asian stocks retreat on lack of new Fed action
- September 18, 2020
The central bank also signaled that interest rates would stay near zero until 2023. The committee expects it will be appropriate to maintain this target range "until the labour market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 per cent and is on track to moderately exceed 2 per cent for some time", according to the FOMC . (more...)
- September 18, 2020
The central bank also signaled that interest rates would stay near zero until 2023. The committee expects it will be appropriate to maintain this target range "until the labour market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 per cent and is on track to moderately exceed 2 per cent for some time", according to the FOMC . (more...)
Interest in Snowflake surges, IPO share price hits $120
- September 18, 2020
Snowflake is growing alongside the major public cloud vendors by providing technology that allows clients, including McKesson and DoorDash, to quickly analyze and share vast amounts of data and increase capacity as needed, rather than relying on databases that are tied to hardware. (more...)
- September 18, 2020
Snowflake is growing alongside the major public cloud vendors by providing technology that allows clients, including McKesson and DoorDash, to quickly analyze and share vast amounts of data and increase capacity as needed, rather than relying on databases that are tied to hardware. (more...)
USA drug company releases protocol for Covid-19 vaccine trial
- September 18, 2020
Mainz-based Biontech is teaming up with U.S. behemoth Pfizer to develop a coronavirus vaccine using new technology based on mRNA , a type of genetic material never before used to make a vaccine. The vaccine was given 28 days apart across three dose levels in 45 healthy adult participants ages 18 to 55 years old. A "face mask is more guaranteed to protect me against COVID than when I take a COVID vaccine", Redfield said. (more...)
- September 18, 2020
Mainz-based Biontech is teaming up with U.S. behemoth Pfizer to develop a coronavirus vaccine using new technology based on mRNA , a type of genetic material never before used to make a vaccine. The vaccine was given 28 days apart across three dose levels in 45 healthy adult participants ages 18 to 55 years old. A "face mask is more guaranteed to protect me against COVID than when I take a COVID vaccine", Redfield said. (more...)
B.C. driver charged for sleeping in moving Tesla near Ponoka
- September 18, 2020
Tesla founder Elon Musk has said he expects his vehicles to be completely autonomous , with little driver input needed, by the end of the year. The driver sat up and pulled over the vehicle and was charged with speeding - and after consultation with the Crown the unsafe driving charge was added. (more...)
- September 18, 2020
Tesla founder Elon Musk has said he expects his vehicles to be completely autonomous , with little driver input needed, by the end of the year. The driver sat up and pulled over the vehicle and was charged with speeding - and after consultation with the Crown the unsafe driving charge was added. (more...)
Australia's COVID-19 hotspot on track for easing curbs, faces three lawsuits
- September 18, 2020
Average cases over the last two weeks in Melbourne , the state's largest city, fell below 50, health authorities said, the benchmark the state set to start easing curbs. Hundreds died in aged care homes as the virus swept through facilities, infecting thousands of residents and staff. Clusters also emerged at schools, abattoirs and hospitals after security bungles at hotels used to quarantine worldwide travellers allowed the virus to leak back into the community. (more...)
- September 18, 2020
Average cases over the last two weeks in Melbourne , the state's largest city, fell below 50, health authorities said, the benchmark the state set to start easing curbs. Hundreds died in aged care homes as the virus swept through facilities, infecting thousands of residents and staff. Clusters also emerged at schools, abattoirs and hospitals after security bungles at hotels used to quarantine worldwide travellers allowed the virus to leak back into the community. (more...)
Weekly Jobless Claims Fall to 860,000
- September 18, 2020
The report showed the number of Americans actively collecting state jobless aid slipped, with continuing claims down to 12.63m, from 13.5m for the week that ended September 5. Georgia recipients got a total of $463.3 million in payments, with around 90% of recipients claiming all three weeks, meaning they had not returned to pre-layoff levels of pay by the third week of August. (more...)
- September 18, 2020
The report showed the number of Americans actively collecting state jobless aid slipped, with continuing claims down to 12.63m, from 13.5m for the week that ended September 5. Georgia recipients got a total of $463.3 million in payments, with around 90% of recipients claiming all three weeks, meaning they had not returned to pre-layoff levels of pay by the third week of August. (more...)
Google Tells Employees to Work From Home Until July 2021
- September 18, 2020
Most of Google's workforce probably will not return to the office before the summer of 2021, with the internet giant extending the option to work from home given the ongoing COVID-19 pandemic. Technology trade show IFA, based in Berlin, is due to go ahead in early September but with a greatly reduced number of attendees, strict social distancing guidelines, and only a handful of press conferences. (more...)
- September 18, 2020
Most of Google's workforce probably will not return to the office before the summer of 2021, with the internet giant extending the option to work from home given the ongoing COVID-19 pandemic. Technology trade show IFA, based in Berlin, is due to go ahead in early September but with a greatly reduced number of attendees, strict social distancing guidelines, and only a handful of press conferences. (more...)
Nissan Z Proto, Ferrari Portofino M, modern Moke
- September 18, 2020
Channelling the brand's iconic 240Z - with headlights from the Japan-only 240ZG and oval taillights from the 300ZX's - the successor to the exhausted 370Z is a retro-inspired charmer, sporting a sweeping fastback roofline and Infiniti's 3.0-litre twin-turbo V6. (more...)
- September 18, 2020
Channelling the brand's iconic 240Z - with headlights from the Japan-only 240ZG and oval taillights from the 300ZX's - the successor to the exhausted 370Z is a retro-inspired charmer, sporting a sweeping fastback roofline and Infiniti's 3.0-litre twin-turbo V6. (more...)
ByteDance to place TikTok's global headquarters in the U.S.
- September 18, 2020
Trump told reporters outside the White House later Tuesday: "We're going to make a decision pretty soon". Trump told reporters he will review the deal on Thursday morning. The president may also have no idea what's going on with the Oracle bid, or that the reported details involve ByteDance retaining majority ownership. (more...)
- September 18, 2020
Trump told reporters outside the White House later Tuesday: "We're going to make a decision pretty soon". Trump told reporters he will review the deal on Thursday morning. The president may also have no idea what's going on with the Oracle bid, or that the reported details involve ByteDance retaining majority ownership. (more...)
Hyundai Tucson debuts with striking styling inside and out
- September 18, 2020
According to SangYup Lee, Hyundai's head of global design center, the company did not just want to create another SUV when they designed the fourth-generation Tucson, but something that would become iconic. Hybrid and PHEV get Hyundai's first-in-class E-Handling technology to help improve steering response and directional stability when cornering. The new Tucson SUV can be offered with an all-wheel-drive system. (more...)
- September 18, 2020
According to SangYup Lee, Hyundai's head of global design center, the company did not just want to create another SUV when they designed the fourth-generation Tucson, but something that would become iconic. Hybrid and PHEV get Hyundai's first-in-class E-Handling technology to help improve steering response and directional stability when cornering. The new Tucson SUV can be offered with an all-wheel-drive system. (more...)
Eat Out to Help Out pushes United Kingdom inflation to five-year low
- September 18, 2020
According to the data, Israel's consumer price index ( CPI ), a primary indicator of inflation, remained intact in August month on month after a 0.2-percent increase in July. Samuel Tombs, at Pantheon Macroeconomics , noted the sub-1% inflation rate was likely a trend that would be seen throughout the rest of the year as the country continues to live alongside the virus. (more...)
- September 18, 2020
According to the data, Israel's consumer price index ( CPI ), a primary indicator of inflation, remained intact in August month on month after a 0.2-percent increase in July. Samuel Tombs, at Pantheon Macroeconomics , noted the sub-1% inflation rate was likely a trend that would be seen throughout the rest of the year as the country continues to live alongside the virus. (more...)
Oil prices rise as Hurricane Sally shuts down USA offshore oilfields
- September 17, 2020
The American Petroleum Institute reported crude stockpiles declined by 9.52 million barrels last week, according to people familiar with the numbers. Furthermore, Chinese purchases of crude oil for September and October had slowed sharply and "we see that trading houses are once again looking to charter ships to store oil". (more...)
- September 17, 2020
The American Petroleum Institute reported crude stockpiles declined by 9.52 million barrels last week, according to people familiar with the numbers. Furthermore, Chinese purchases of crude oil for September and October had slowed sharply and "we see that trading houses are once again looking to charter ships to store oil". (more...)
Around 695,000 UK jobs lost in first five months of pandemic
- September 17, 2020
The Office for National Statistics says the number of United Kingdom workers on payrolls fell by 695,000 between March and August due to the impact of the coronavirus pandemic. Job losses are likely to accelerate in September and October when employers, many of whom are already anxious about the prospect of a Brexit trade shock in the coming months, will have to pay more towards the cost of the furlough scheme. (more...)
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- September 17, 2020
The Office for National Statistics says the number of United Kingdom workers on payrolls fell by 695,000 between March and August due to the impact of the coronavirus pandemic. Job losses are likely to accelerate in September and October when employers, many of whom are already anxious about the prospect of a Brexit trade shock in the coming months, will have to pay more towards the cost of the furlough scheme. (more...)
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