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Oil drops more than 5%, breaking below $46 as collapse continues U.S. West Texas Intermediate fell more than 5.8% to a session low of $45.91, its lowest level since January 2019. WTI is down more than 12% for the week, and is 29% below its 52-week high level. "Current forecasts of crude oil demand have fallen off a cliff.
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The global economy is heading for its worst year since the financial crisis, Bank of America says Global GDP growth is likely to be just 2.8% in 2020, according to Bank of America Global Research. That would be the worst year since the financial crisis and Great Recession ended in 2009. The coronavirus along with U.S. political uncertainty and the trade ...
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Apple sets deadline for games apps to comply with Chinese law as government tightens grip on gaming Apple has set a deadline for app developers to comply with Chinese laws around mobile video games. The regulation, introduced by China in 2016, requires mobile game makers wishing to have in-app purchases or charge for their content, to get a license ...
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Stocks Continue to Tumble on Coronavirus Concerns Stocks on Wall Street fell sharply in early trading on Thursday, in the sixth straight day of losses for the S&P 500 as investors continued to react with fear to the spreading coronavirus outbreaks. The latest wave of selling has come after public health officials in ...
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Don't buy the stock dip yet, says Goldman as it warns coronavirus will wipe out earnings growth this year Wall Street's big banks have clearly had enough time to chew over the potential fallout for investors from the coronavirus epidemic and some are advising against dipping a toe in turbulent market waters right now. Count Goldman Sachs among them as ...
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Everi (EVRI) to Report Q4 Earnings: What's in the Offing? Everi Holdings Inc. EVRI is scheduled to report fourth-quarter 2019 results on Mar 2, after the bell. The company has an impressive surprise history. It surpassed earnings estimates thrice in the trailing four quarters and matched the same in the remaining one ...
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Coronavirus is threatening to end the world air-travel boom The rapid spread of the new coronavirus is testing airlines and other travel companies with a risk that had been nearly unthinkable over the past decade: a broad decline in travel demand. Air-travel demand had been growing at twice the pace of the global ...
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Square earnings net stock an upgrade as analyst sees huge market for Cash App Square Inc. shares are up 5% in Thursday trading after the company topped earnings expectations, shrugged off coronavirus concerns, and gave new information about the growth of its popular Cash App. The increasing use of various Cash App features like ...
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US Durable Orders Fell Slightly in January WASHINGTON—Demand for long-lasting factory goods declined in January, a sign manufacturing began the year on tepid footing. Orders for durable goods—products designed to last at least three years—fell 0.2% in January from the previous month.
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Mortgage rates head back down on coronavirus fears Volatility in the financial markets did not move mortgage rates much this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average fell to 3.45 percent with an average 0.7 point. (Points are fees paid to a lender equal ...
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California's self-driving car reports are public. Here's what they don't mean. The California Department of Motor Vehicles released its annual cache of autonomous vehicle testing and disengagements data that, depending how one chooses to interpret the data, shows stunning progress or stagnation. The data, which every company ...
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Apple will open first India store next year, Tim Cook says at shareholder meeting Apple is heading to India, CEO Tim Cook said at the company's annual shareholder meeting. James Martin/CNET. Apple is slated to open its first retail store in India next year, CEO Tim Cook said during the company's annual shareholder meeting in Cupertino ...
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Diageo's FY20 Profits to be Hurt by Coronavirus Outbreak Diageo plc DEO is the latest company to assess how much impact the deadly coronavirus outbreak will have on its fiscal 2020 results. The outbreak of COVID-19 virus in China has given rise to a tough situation for companies operating in the region.
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PRECIOUS-Gold rises on pandemic fears; palladium scales new peak (Updates prices). * Global stocks slide, U.S. 10-yr Treasury yields hit record low. * Nornickel expects palladium deficit of 0.9 mln oz in 2020. * GRAPHIC-2020 asset returns: tmsnrt.rs/2jvdmXl. * Coronavirus interactive graphic: tmsnrt.rs/2GVwIyw. By Sumita ...
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DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO The on-demand food delivery wars continue to heat up in the US. Today DoorDash announced that it has filed confidentially to go public. The company noted that its Form S-1, a draft registration statement, was filed with the SEC and is now being reviewed.
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Dutch Consortium Unveils Ambitious 'Green' Hydrogen Plan THE HAGUE, Netherlands — A Dutch consortium announced an ambitious plan Thursday to create "green" hydrogen using power from a huge offshore wind farm that has yet to be built. The "NortH2" proposal by the Dutch arm of energy giant Shell, gas ...
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JC Penney Expects Smaller Sales Drop This Year J.C. Penney Co. expects comparable-store sales, an important metric for measuring retailers' performance, to fall less in the current fiscal year than they did in fiscal 2019. The company on Thursday guided for comparable-store sales, or those at stores open ...
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Want To Drive Your Truck By Remote Control? Einride Is Hiring A Swedish company developing driverless truck technology will hire its first remote truck operators beginning next month in Sweden and later this summer in the United States. Einride, a Stockholm-based robotic cargo trucking startup, is recruting former and ...
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Virgin Galactic Stock Falls Back to Earth After Downgrades Space tourism and technology company Virgin Galactic reported its first quarterly report as a publicly traded company Tuesday evening. Now Wall Street is weighing in as analysts update their numbers and write research reports about the space startup.
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Former Salesforce co-CEO Keith Block could join one of these three companies, RBC analysts say RBC Capital said former Salesforce co-CEO Keith Block could join Workday, Oracle or Amazon Web Services following his departure from the company. Workday is the most likely move, according to the analyst note. Salesforce on Tuesday announced Block ...
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PayPal warns coronavirus will have a negative impact on revenue expectations for the quarter PayPal said the coronavirus outbreak could have a negative impact on its revenue expectations. The company said it now expects Q1 revenue to hit the lower end of its range of $4.78 billion to $4.84 billion. This comes after Microsoft on Wednesday lowered ...
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Bayer Aims for 7%-9.6% Profit Growth in 2020 LEVERKUSEN, Germany — Bayer said on Thursday it was targeting growth in adjusted core profit of 7% to 9.6% this year, driven by sales of agriculture products and pharmaceuticals, with only the upper end of that range meeting market projections. Bayer ...
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SEC Charges Steven Seagal With 'Unlawfully Touting' Bitcoin-Wannabe Bitcoiin In 2017 ICO Actor Steven Seagal, known for a string of blockbuster martial arts movies through out the late 1980s and 1990s, has been charged with "unlawfully touting" a bitcoin-wannabe by the U.S. Securities and Exchange Commission (SEC). The SEC found Seagal ...
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Dunkin's Latest Menu Addition Is ... a Bag Full of Bacon After all, why restrict bacon to being a mere breakfast sandwich topping when it could be the whole dish? Daniel B. Kline. (TMFDankline). Feb 27, 2020 at 9:56AM. Author Bio. Daniel B. Kline is an accomplished writer and editor who has worked for Microsoft ...
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Best Buy Keeps Growing Through the Holiday Season The retailer's multichannel selling strategy set it apart during the industry's most competitive period. Demitrios Kalogeropoulos. (TMFSigma). Feb 27, 2020 at 9:01AM. Author Bio. Demitri covers consumer goods and media companies for Fool.com, as well as ...
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Gilead commits to own development of coronavirus treatment hopeful Gilead on Wednesday launched two late-stage studies of its experimental antiviral remdesivir as a potential treatment for the new coronavirus, throwing its own clinical development muscle into a now global effort to test whether the drug is effective in easing ...
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Why Comcast just bought a streaming service you've probably never heard of On Tuesday, Comcast bought a crutch for its TV advertising business in the form of Xumo, a free ad-supported streaming service. Sources told CNBC that Comcast paid $100 million for Xumo, which has about 10 million monthly active users. That's less than ...
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MSC cruise ship docks in Mexico following coronavirus scare; company says ill crew member diagnosed with flu After being turned away from two ports in the Caribbean over coronavirus fears, the MSC Cruises' Meraviglia ship has arrived in Mexico and will dock in the port of Cozumel. The Meraviglia, which is carrying over 6,000 people, was denied entry at permission ...
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Moe's Southwest Grill giving away free queso Thursday, launching a queso war with Chipotle Moe's Southwest Grill is looking to start a food fight with Chipotle Mexican Grill over queso. Reminiscent to a similar battle in 2017 when Chipotle launched its first queso, Moe's is giving away free cheese Thursday, which is the same day Chipotle's new Queso ...
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Questions on NY's plastic bag ban? Here are the answers. Like it or not, New York will be saying goodbye to most of its plastic bags by Sunday. The plastic bag ban, passed statewide last year, follows the lead of other states like California and Hawaii, which implemented bans on single-use plastic bags in the past ...
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Convicted sexual abuser known as the 'TriMet barber' arrested again A Portland man, who was issued the first-ever lifetime ban from Trimet after dozens of sex crimes, was arrested again Wednesday, according to court records. Jared Walter, 33, was taken into custody Wednesday night and was being held on charges of ...
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Safran to cut 2120 jobs over 737 MAX crisis Safran SA will cut 2,130 jobs by the end of March to tackle the fallout from the Boeing Co.'s 737 MAX crisis, Chief Executive Philippe Petitcolin said Thursday. The French aerospace company is implementing an "adaptation plan" that includes savings on direct ...
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Google to invest $10B in offices and data centers in 11 states this year, including Texas Google Inc. said Wednesday that it plans to invest more than $10 billion in U.S. offices and data centers this year, with new investments in Texas and 10 other states. The Mountain View-based Internet giant also plans to invest in California, Washington, ...
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Eversource to buy Columbia Gas Massachusetts for $1.1 billion BOSTON -- Eversource Energy has reached an agreement to buy the Massachusetts natural gas assets of Columbia Gas for $1.1 billion, a deal announced hours after federal prosecutors ordered Columbia Gas to cease Bay State operations and pay a $53 ...
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Aston Martin losses deepen following turbulent year Aston Martin's losses deepened to more than £100m in 2019, the group said on Thursday, as it announced plans to part ways with its finance chief following a turbulent year which culminated in a £500m rescue deal last month. The carmaker ...
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Gallery: Volkswagen GTI MK8 The next-generation Volkswagen Golf GTI will debut at the 2020 Geneva motor show. The new GTI will be joined by the hybrid GTE and diesel-burning GTD. 1 of 15. image. Volkswagen. The MK8 Golf GTI's front fascia has new sheetmetal and lighting.
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Air Canada, Sunwing make up 80% of complaints in flight delay compensation inquiry The Canadian Transportation Agency is investigating 570 of more than 3,000 complaints filed against airlines like Air Canada and Sunwing Airlines, alleging they failed to accurately explain the reasons for flight delays or cancellations. In a letter from the CTA ...
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CDC: E. coli outbreak tied to clover sprouts served at Jimmy John's ATLANTA, Ga. (CBS46) The Centers for Disease Control has issued a health alert after several people say they were sickened from eating clover sprouts at the popular restaurant Jimmy John's. The U.S. Food and Drug Administration is investigating a ...
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Some Kansas City schools, businesses prepare for coronavirus pandemic KCTV5 News has been reaching out to school districts in Kansas City about their prevention plans. We got a response from North Kansas City Schools outlining their plans in detail. Tags. News · Facebook · Twitter · WhatsApp · SMS · Email; Print; Save. × ...
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Demolition company accidentally destroyed the wrong house A demolition company in Texas admitted that it made a mistake after demolishing the wrong house in a Dallas neighborhood. Source: KTVT. Stories worth watching (15 Videos). Demolition company accidentally destroyed the wrong house · NEW YORK, NY ...
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Process Street Raises Accel-led $12M Series A For No-Code Workflow Builder Process Street, which has developed no-code workflow builder, has raised a $12 million Series A led by Accel. Subscribe to the Crunchbase Daily · Atlassian, Salesforce Ventures and others also participated in the round. Australian-born Vinay Patankar came ...
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Booking Holdings Stock Is Falling on Disappointing Guidance Tied to the Coronavirus Booking Holdings shares were falling in after-hours trading Wednesday after the online travel-services company provided disappointing guidance for the first quarter, a reflection of the reduced travel activity in response to the coronavirus epidemic. For the ...
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Tesla's China Registrations Drop as Holiday, Virus Deter Buyers (Bloomberg) --. Tesla Inc. shares fell after China registration data indicated a significant sequential slowdown in demand before the electric-car maker started feeling the brunt of any impact from the coronavirus. Registrations of new Tesla cars plunged 46% to ...
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No Elks spaghetti in March ... © Gannett Co., Inc. 2020. All rights reserved. Original content available for non-commercial use under a Creative Commons license, except where noted. Record-Courier ~ 1050 West Main Street, Kent, OH 44240 ~ Do Not Sell My Personal Information ...
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The big issues in chemical recycling? They'll sound familiar Holli Alexander of Eastman Chemical said collection unknowns are part of the current chemical recycling landscape. | Plastics Recycling Conference / Brian Adams Photography. When it comes to development and commercialization of chemical recycling ...
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Sheryl Sandberg said she worries about TikTok because it got huge faster than Facebook did Facebook COO Sheryl told NBC's Dylan Byers she worries about the threat posed to the company by TikTok. "They're huge, they're growing really quickly, they've gotten to bigger numbers faster than we ever did," she said. Sandberg also said people have ...
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BrewLDN 2020: Everything you need to know about the UK's biggest craft beer festival London's food festivals may come into their own in summer, but there are no seasonal restrictions on enjoying a top notch pint. Enter BrewLDN, the new beer festival heading to the capital this weekend, brightening up the last days of winter with food, music ...
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