Finance

Dow Falls Over 900 Points as Coronavirus Cases Surge and Lockdowns Loom

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Fed's Powell: Lack of further stimulus imperils recovery

Trump's decision to abandon talks with Democrats, sent stock prices tumbling after they had risen earlier in the day. The Dow Jones Industrial Average and the S...

Oil Jumps With US Stimulus Optimism Lifting Markets

Brent crude has actually drawn back above the $40 mark after being up to its least expensive level because June in the previous week, WTI futures likewise cla...

Trump Had Stakes in Regeneron and Gilead, Makers of Antibody Cocktail, Remdesivir

It is regarded as a very promising drug for Covid-19 patients and may provide some support to older people who have a poor response to vaccines. "The fact tha...

Anti-Virus Titan John McAfee Arrested in Spain, Indicted For Tax Evasion

Awaiting extradition to the U.S. . McAfee allegedly failed to file his taxes for four years despite earning millions in income between 2014 and 2018 from prom...

Southwest CEO Says Can Avoid Layoffs Through 2021 With Employee Pay Cuts

USA airlines had pleaded for another $25 billion in federal payroll support before a ban on job and pay cuts under a first package expired on September 30. If l...

Trade deficit hits $67.1 billion, widest in 14 years

Exports rose 2.2% to $171.9 billion on a surge in shipments of soybeans, but imports rose more - up 3.2% to $239 billion - led by purchases of crude oil, cars a...

Google delays Play Billing for Indian apps amid mounting protests from developers

It also extended the time developers have to integrate Play Billing system into their apps till 31 March, 2022. In related news, Paytm has also announced ...

Microsoft announces its largest investment in Greece

The announcement follows nine months of negotiations with Greece, according to an Associated Press report. The country's economy has been hit hard by the pandem...

Subaru teases 2022 BRZ coupe ahead of reveal later this year

Attendees of the 2020 Subaru Tecnica International Subiefest World Record Attempt & Charity Drive at the OC Fair & Event Center Costa Mesa, CA were given a sn...

Rare flawless diamond found in Canadian mine fetches $20.9M at auction

Only seven other diamonds larger than 100 carats and of the same quality have gone under the hammer. The stone did not have a reserve price - a minimum price ...

Democrats push through their own coronavirus aid bill

Cynics exhausted by the ongoing lack of a deal may consider that a stretch, but at least it's something. House Speaker Nancy Pelosi (D-Calif.) and Treasury ...

United States job growth slows more than expected in September

This means that the dollar wage of those in work is going to be "on average" much higher in September 2020 than in September 2019. The number of permanent job l...

Donald Trump Has Tested Positive For Coronavirus

The paring of losses came as optimism rose that Washington may be able to get past its partisanship to deliver more support for the economy. "The initial kn...

Farmers, experts dismayed by approval of $3.6b Narrabri gas project

Resources Minister Keith Pitt said the Commonwealth - which has the final say on the project - will work with Santos and the NSW government as it progresses. Th...

US Adds 661K Jobs In September, Unemployment Falls To 7.9%

In the last monthly employment report before the November 3 presidential election, the Labor Department said on Friday that the unemployment rate for September ...

Trump, Melania test positive for Covid-19 | The New Times | Rwanda

Trump would have to remain isolated, but it canceled his plans to fly to Florida for a campaign rally on Friday, stripping his public schedule for the day of ev...

Canada Sept Markit manufacturing PMI 56.0 vs 55.1 prior

With new orders slowing further, manufacturers scaled back output for the first time in four months, following a stable picture in August. In PMI parlance, a ...

President Trump, first lady test positive for coronavirus, begin quarantine

Trump, who is tested regularly for the virus that causes Covid-19, has held rallies with thousands of people in recent weeks in the run-up to the November 3 ele...

USA unemployment claims increase slightly to 870,000

The new federal program, created as part of the Coronavirus Aid, Relief and Economic Security Act in March, made self-employed people, gig workers and contracto...

Lagarde plans for digital euro as alternative to cash

The central bank issued a detailed report summarizing the reasons why it may want to select the step. The ECB also said it would hold public consultations on ...

New US jobless claims fall to 837,000: government

It was the 28th week in a row applications exceeded 700,000 - a number never eclipsed before the pandemic struck in March. The number of Americans filing new ...

Trump Covid: US shares set to drop after president tests positive

As of 1:26 a.m., Dow futures had fallen 418 points, or 1.5% of the market's current value. The news of Trump's positive test came hours after it was earlier c...

Moderna Says Its Vaccine Won't Be Ready by the Election

The latest revelation casts doubt on US President Donald Trump's claims that the US could have a vaccine for SARS-CoV-2, the virus that causes COVID-19, by Oc...

Trump to quarantine as he awaits Covid-19 test result

U.S. President Donald Trump and his wife Melania have tested positive for COVID-19, further muddying an already messy election campaign that is being clos...

Toronto among cities most at risk of a housing bubble this year

A score above 1.5 indicates the bank thinks there's a risk of a bubble, which UBS defines as "a substantial and sustained mispricing of an asset, the existence ...

Oil drops for second day as worsening pandemic threatens demand drop

Energy Information Administration (EIA) on Wednesday that is expected to show crude stockpiles increased 1.6 million barrels last week. U.S. West Texas Interm...

DOJ charges Bitmex founders, execs over Bank secrecy act

Bitcoin's price was advancing relatively well over the last couple of days but now things took a turn for the worst. "BitMEX's platform has received more than...

Nearly 20,000 Amazon workers have tested positive for coronavirus

The analysis comes as Amazon, along with other retailers and meat packing plants, have been under increasing pressure by workers and labor-backed groups to go p...

CHAOS as Tokyo Stock Exchange suspends trade after WORST EVER system glitch

The outage meant investors were unable to trade any of the roughly 3,700 shares listed on the exchange. Previous outages occurred when the huge "arrowhead" sy...

No deal yet on coronavirus relief; Pelosi remains 'hopeful'

Senate Majority Leader Mitch McConnell made it clear how hard the task of reaching a bipartisan agreement will be, saying Wednesday, "We are very, very far apar...