Finance

Moodys downgrade: Expect bouts of correction; sell-off in markets unlikely

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Airbnb to lay off 1900 employees, sources say

He continued, "We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill". Als...

Carnival to restart cruises from Florida and Texas in August

There were so many stories and the public relations disaster of the Diamond Princess and all these other ships that were floating around with people who could...

Man arrested after video shows him wiping nose on store clerk's shirt

He said the employee was the only person Gomoll came in contact with while at the store, however he was also allegedly disruptive and made other comments before...

Delhi Govt Increases VAT On Petrol & Diesel; Prices Hiked By ₹1.67 & ₹7.10

The government had on March 14 hiked the excise duty, and road and infrastructure cess by Rs 3 a litre each for both petrol and diesel . This gave it the flexi...

Coronavirus: Amazon vice-president quits over virus firings

Even worse, when employees protested, Amazon responded by firing organizers and whistleblowers and a leaked memo obtained by Vice shows higher-ups' plans to...

US Treasury announces record borrowing of $2.99 trillion to cover pandemic efforts

Estimated debt issuance for the full fiscal year is expected to near $4.5 trillion. The June quarter borrowing goal is six times the previous three-month reco...

Airbnb to lay off 1,900 employees

Airbnb's business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019. The cuts are needed for the San Francis...

Newsom says reopening California will begin this week

The move doesn't cover eat-in dining at restaurants or the reopening of offices, which were previously included in the second stage of the embattled Democratic...

Amazon VP resigns after accusing company of 'firing whistleblowers'

AWS , by contrast, treats employees humanely, strives to provide work-life balance, has tried to improve diversity in its ranks and "is by and large an ethical ...

State To Allow Additional Businesses To Reopen This Week, With Modifications

According to Newsom, this stage of the reopening-phase two-includes allowing places like clothing stores, florists, book stores, and sporting goods stores to op...

Ohio Gov. Mike DeWine says his face-mask order went 'too far'

DeWine talked about encouraging signs in his state as he acknowledged they want to start reopening while continuing to protect people. "You did something that...

Kroger, Costco to limit meat purchases in some states

Whether the changing supply of meat will cause prices to increase is still unknown. For Wendy's, the shortages appear to have only affected some areas so far....

Top German court asks European Central Bank to justify bond buying

The case was brought by 1,750 people, including economists and lawyers, who argued that the European Central Bank programme breached the EU Treaties' prohibitio...

Carnival to restart some USA cruises on August 1

Each sailing represents more than $4 million in economic impact to the city. There have been almost 100 canceled vessel calls so far this season, which was se...

Trump ‘Very Confident’ of COVID-19 Vaccine by End of 2020

The Lincoln comparison comes from historian and former speaker Newt Gingrich, who recalled in Newsweek early previous year that "I called President Trump and ...

Trump's Town Hall: Quick Reopening, Confident of Vaccine

U.S. President Donald Trump says he believes his treatment by the national media is worse than that endured by Abraham Lincoln, the Civil War-era president as...

Trump takes aim at United States pharma in Ireland

He said the "unique economic relationship between the USA and Ireland benefits both our countries and noted that supply chains for medical and pharmaceutical...

United Kingdom to start U.S. trade talks this week with Trump

Jeff Emerson, the spokesman for the USA trade representative , added: "I can confirm the talks start Tuesday by video-conference". The U.K.'s primary focus w...

Amazon VP says he quit over company 'firing whistleblowers'

In a blog post, Mr Bray said he was resigning because of retaliation against employees who pushed the company to improve its environmental practices, and who su...

Here’s when the next round of coronavirus stimulus checks will arrive

The unwitting recipients of the checks are students who are legally in the country, are using Social Security numbers legitimately issued to them, and, like the...

Trump Says US Press Treats Him Worse than Lincoln

Pressed for details about the program's operations and budget in her first press briefing on Friday, McEnany offered scant details but told ABC News Chief White...

Australian Apple Stores Are Re-Opening This Week

The only store that will not be re-opening is the Sydney CBD location as it is still in the middle of an upgrade. Tim Cook has already stated that it would ...

Qantas extends flight cancellations, more pain for 20,000 staff

This means Customers booked on Qantas and Jetstar flights disrupted by the Coronavirus crisis will be able to split travel credits across multiple future bookin...

Intel buys Moovit transit app for $1.4bn

The Santa Clara, Calif. -based company is expected to close on the deal in a matter of days, according to multiple reports that came out over the weekend. Mobil...

White House to 'turbocharge' plans to remove China from global supply chains

It attempted to cover up doing so by "denying there were export restrictions and obfuscating and delaying provision of its trade data", the analysis states. "Wh...

Amazon's French warehouses remain closed

The company is only allowed to sell essential items online. Bezos said that Amazon is spending "hundreds of millions of dollars" in testing employees for COVI...

Westpac posts $297m half year profit

The bank last week announced a $1.6 billion impairment for potential loan defaults due to the COVID-19 related shutdown and has also provisioned $900 million fo...

Treasury announces record borrowing of $2.99 trillion

Treasury also projected that it will have to borrow an additional $677 billion in the July-September quarter. In a single quarter, the government will borrow mo...

Tesla applies to become UK electricity provider

As per the Telegraph's report, this electricity bid may be a way for Tesla to showcase its Autobidder platform. However, the business actually belongs to ...

Dollar Tree shopper accused of wiping face on employee's shirt

The Holly Police Department released a video showing a man inside a Dollar Tree walking over to the clerk and wiping his nose on the employee's right sleeve. ...