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Netflix to Invest $100 Million in Black Community's Financial Institutions Netflix Inc. said it would shift 2% of its cash holdings to banks and credit unions that primarily serve Black communities to improve these financial institutions' ability to offer loans to people and businesses. Many companies have moved to support ...
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Stock market live updates: Futures lower, last day of June, Powell testimony ahead This is a live blog. Please check back for updates. 8:07 am: Some banks stay silent on capital plans, dividends. On Monday night, major banks announced their dividend plans and stress capital buffers following the Federal Reserve's stress test. However ...
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Chesapeake Energy Goes Bankrupt, Will It Spur The Industry To Police Its Own? Earlier in June, while trying to locate the successor to a longtime employee at Chesapeake Energy on behalf of a client, I asked a friend at another energy company if he knew whom I should contact. "I don't know," he responded, "I stay far away from ...
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A Truce, Not a Peace Treaty: A Global Economic Body Warns of Risks WASHINGTON — Markets have become too complacent as risks from the coronavirus pandemic threaten global prosperity, the Bank for International Settlements warned in its annual report. "The success of central banks in calming markets and shoring up ...
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Stocks making the biggest moves in the premarket: Micron, Conagra Brands, Apple, Xilinx & more Take a look at some of the biggest movers in the premarket: Conagra Brands (CAG) – The food producer reported quarterly profit of 75 cents per share, 9 cents a share above estimates. Revenue also exceeded consensus and Conagra gave a current-quarter ...
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Chick-Fil-A Named America's Favorite Restaurant Chain For The Sixth Straight Year The latest American Customer Satisfaction Index restaurant report is out and the top restaurant brand for 2019-20 is Chick-fil-A. Again. This marks the sixth straight year that Chick-fil-A has been No. 1 in the industry, a ranking determined by about half a million ...
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Japan's job-for-life culture has survived war, earthquakes and now a pandemic Tokyo (CNN Business) Nanami Kodaira hasn't worked since her hair salon in Tokyo cut its hours in April in response to the coronavirus pandemic. "I don't blame my boss," Kodaira said. "I am not the only one." But Kodaira isn't counted among the 1.9 million ...
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Postmates is deciding between going public and selling to Uber or special purpose acquisition company U.S. food delivery company Postmates has received acquisition offers from Uber and a special purpose acquisition company, according to sources. Uber turned its attention to acquiring Postmates after its deal to buy Grubhub fell apart about two weeks ago.
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As COVID-19 reinvents the vacation, Airbnb is bouncing back Good morning. It's been a roller coaster of a year for all of us. But for Airbnb, the peaks, dips and spins have been especially stomach churning. The company started 2020 as the markets' darling—top of everyone's list for IPO of the year. By the end of March, ...
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Menten.AI's combination of buzzword bingo brings AI and quantum computing to drug discovery Menten AI has an impressive founding team and a pitch that combines some of the hottest trends in tech to pursue one of the biggest problems in healthcare — new drug discovery. The company is also $4 million richer with a seed investment from firms ...
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Google removes ads served to users seeking voting info for 'misrepresentation' (Reuters) - Google said on Monday it had removed ads for companies that charge people large fees to register to vote or harvest their data, which appeared when users searched for voter information. FILE PHOTO: A 3D printed Google logo is seen in this ...
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Indiana Public Retirement allocates $1.5 billion Indiana Public Retirement System, Indianapolis, invested or committed $1.5 billion and terminated or partially redeemed $1.2 billion from the state's $30.2 billion public defined benefit plan from Jan. 1 to May 31. The changes result from investment staff ...
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Uber wants riders to sanitize the backseat to help fight coronavirus Uber drivers and passengers are now required to wear face masks during rides. James Martin/CNET. For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. When hailing an Uber, passengers in certain cities ...
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Inovio's stock falls as it discloses early-stage data for its COVID-19 vaccine candidate Shares of Inovio Pharmaceuticals Inc. INO, +5.70% tumbled 10.8% in premarket trading on Tuesday after the company said its COVID-19 vaccine candidate was considered safe and well-tolerated in all 40 of the participants in a Phase 1 clinical trial. However ...
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Tesla hits 10-year milestone. Here's where it heads next Tesla just hit a major milestone. The electric vehicle maker turned 10 years old as a publicly traded company on Monday, a stretch in which it rallied from its IPO price of $17 a share to over $1,000. Just this year, shares have risen more than 130%. The stock is ...
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monday.com Launches 'Game-Changing' Apps Framework NEW YORK--(BUSINESS WIRE)--monday.com, a leading Work OS, announced today that its Apps Framework has officially launched. monday.com is the first Work OS to give unlimited access to build custom applications on top of the platform for limitless use ...
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Facebook to build massive data center in DeKalb The project comes after Illinois passed tax-incentive law last year aimed at luring more server farms. John Pletz. Technology and airlines. Tweet · Share; More. Share · Email · Reprints Print. A rendering of the data center Facebook plans to build in DeKalb.
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UPDATE 1-Commerzbank considers 7000 more redundancies -BoeZ (Updates with comment from Commerzbank). FRANKFURT, June 30 (Reuters) - Commerzbank's supervisory board was set to discuss the possibility of a further 7,000 redundancies, in addition to 4,000 job cuts up to 2023 announced last autumn, the ...
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Alta Equipment Group Joins Russell 2000®, Russell 3000®, and Russell Microcap® Indexes LIVONIA, Mich.--(BUSINESS WIRE)--Jun 30, 2020--. Alta Equipment Group Inc. (NYSE: ALTG), a leading provider of premium industrial and construction equipment and related services, today announced that as part of the annual reconstitution of the Russell ...
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South African Markets - Factors to watch on June 30 JOHANNESBURG, June 30 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency moves may affect South African markets on Tuesday. ECONOMIC EVENTS. Weekly bond auction. First-quarter GDP data.
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Protesters set up guillotine outside of Jeff Bezos' DC home Protesters have set up a guillotine outside a complex in Washington, D.C., where Amazon CEO Jeff Bezos reportedly has a home, according to social media and multiple reports. Continue Reading Below. GET FOX BUSINESS ON THE GO BY CLICKING ...
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Micron to shift some chip supply to data centers as cloud powers earnings beat By Neha Malara and Stephen Nellis. (Reuters) - Micron Technology Inc on Monday forecast current-quarter revenue above Wall Street estimates as home-bound employees and students spur demand for its chips that power notebooks and data centers, ...
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UC San Francisco pays $1.14M to hackers following ransomware attack The University of California at San Francisco has become the latest organization to cave into hackers behind a cyberattack, paying a $1.14 million ransom following a "security incident" earlier this month. While somewhat vague on the details of the attack, ...
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This Speedy New Lamborghini Yacht Is Like a Sián on the Water Lamborghini is lending its DNA to create a new 63-foot yacht that will reach 69 mph, a blistering sea speed for a motorboat of its size. The "Tecnomar for Lamborghini 63" is a collaboration between Automobili Lamborghini and The Italian Sea Group's ...
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'Fallen Angel' Risk High for Asia Corporate Bonds, Fitch Says Asia-Pacific corporate bonds are now at higher risk of becoming so-called fallen angels -- falling to junk status -- due to the coronavirus pandemic, according to Fitch Ratings. Seventeen of the 36 issuers that Fitch rates BBB-, the lowest investment-grade level, ...
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Pending Home Sales Down In May YOY, But Rose From Last Month Pending home sales continue to be sluggish, according to year-over-year data from the National Association of Realtors (NAR). The Pending Home Sales Index, an advance look at home sales based on signed purchase and sale agreements, fell 5.1 percent ...
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RTI Surgical: 1Q Earnings Snapshot ALACHUA, Fla. (AP) _ RTI Surgical Inc. (RTIX) on Tuesday reported a loss of $17.9 million in its first quarter. The Alachua, Florida-based company said it had a loss of 24 cents per share. Losses, adjusted for non-recurring costs and asset impairment costs, ...
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China's Kingold shares tank on report of fake gold bars BEIJING (Reuters) - Kingold Jewelry Inc's New York-listed shares fell as much as 40% on Monday following a media report that alleged the Chinese company had obtained loans by using fake gold bars as collateral. Kingold chairman Jia Zhihong was cited in ...
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Germany's Flixbus launches domestic service in UK German mobility company Flixbus will begin offering domestic coach services in the UK from 2 July. Flixbus, the market leader in Europe for long-distance intercity buses, will run coach services connecting London with Bristol, Birmingham, Guildford, and ...
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Premarket: European shares fall as optimism from Asian session falters European shares edged down, oil fell and the U.S. dollar erased some gains on Tuesday, with little of the optimism of the Asian session extending into early London trading, as markets took stock at the end of the first half of 2020. The MSCI world equity index, ...
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Porsche reveals base-model Taycan electric car—so far only for China In China on Monday, Porsche revealed the first details for a version of the Taycan electric car it hasn't officially shown anywhere else in the world: a rear-wheel-drive, single-motor version. As with the Taycan 4S, the base model offers a choice between a ...
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TUI warn more countries likely to ban Brits leading to holiday cancellations TUI has warned that more countries are likely to follow Greece and ban Brits due to our poor coronavirus record. It will mean people could have their holidays cancelled at the last minute. TUI's Managing Director Andrew Flintham made the warning after the ...
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Rupee gains 7 paise to 75.51 against dollar on weak crude oil The rupee on Tuesday appreciated by 7 paise to 75.51 against the US dollar on softening crude oil prices and early gains in domestic equity market. Forex traders said the rupee traded in a narrow range as positive domestic equities supported the local unit, ...
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Johnson & Johnson ramps up production of affordable Covid-19 vaccine, human trials to begin soon Kolkata: Johnson & Johnson is preparing the ground for the entry of a vaccine against COVID-19 and is expanding its manufacturing capacity to supply more than one billion doses through 2021 in a not-for-profit project aimed at the common person, says its ...
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Pramod Mittal, brother of Lakshmi Mittal, declared bankrupt by UK court Pramod Mittal, brother of steel magnate Lakshmi Mittal, heads the supervisory board and co-owns metallurgical coke producer Global Ispat Koksna Industrija Lukavac (GIKIL) in northern Bosnia, one of the country's biggest exporters. By: Express Web Desk ...
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The coronavirus pandemic has totally derailed the war on plastic At first, stories of the pandemic's environmental impact focused on blue-sky cities suddenly free of pollution, reductions in carbon emissions and jokes about "nature healing". But as we emerge from lockdowns, one thing has become clear: plastic is back with ...
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Businesses forced to shut in Leicester will be able to re-furlough their staff BUSINESSES are allowed to re-furlough their staff again in Leicester after they were forced to shut thanks to a fresh coronavirus spike. Downing Street confirmed today that it was possible for anyone who has used the scheme between March 1 and June 30.
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Thai economy will shrink at least 5% this year: World Bank Thailand's economy is expected to be severely impacted by the Covid-19 pandemic, shrinking by at least 5% this year and taking more than two years to return to pre-pandemic GDP output levels, the World Bank said on Tuesday. In the baseline scenario, the ...
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| Rare coins, whiskey and art investments gain traction amid uncertainty As Brits contemplate an inevitable economic downturn due to Covid-19, many have started to explore how best they can grow their personal finances to safeguard their future. One of the primary considerations to do so has been making investments.
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CIL to pump in Rs 16kcr for modernisation Kolkata: Maharatna coal behemoth Coal India (CIL) is gearing up for close to Rs 16,000crore investment for modernisation in order to bring in improved efficiency in coal transport and computer-aided loading. CIL has identified 14 additional projects, under ...
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Keep your distance: BMW to launch radar-guided cruise control BMW have joined the list of manufacturers working to release a radar-guided cruise control function for motorcycles. Following Ducati's announcement that they will be first to market and spyshots showing a similar system used by KTM and BMW themselves, ...
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