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Exxon Mobil Resists Write-Downs as Oil, Gas Prices Plummet As its peers write down U.S. shale assets by billions of dollars amid lower oil and gas prices, Exxon Mobil Corp. XOM -1.91% stands increasingly alone in not adjusting the value of its holdings. Rivals, including BP PLC, Hess Corp. and Occidental Petroleum ...
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Facebook cofounder Saverin's B Capital just closed its second flagship fund with $822 million It hasn't taken long for B Capital to amass a pretty hefty third fund. Just five years after the venture firm was launched by Facebook co-founder Eduardo Saverin and Raj Ganguly, a veteran of private-equity firm Bain Capital, the firm says it has closed its second ...
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Microsoft to distribute $20M in grants to non-profits, offers free skills training via LinkedIn The COVID-19 global health pandemic has had an almost immeasurable negative impact on the wider economy. Specifically in the job market, there have been millions of job losses, and in the US alone unemployment numbers like these have not been seen ...
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US consumer confidence perks up; rising COVID-19 cases cast shadow over recovery WASHINGTON (Reuters) - U.S. consumer confidence rebounded in June as businesses reopened, strengthening views that the economic downturn was likely over, though rising COVID-19 infections threaten to derail the budding recovery. FILE PHOTO: A ...
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Black Massachusetts brewery owners share their experiences in a mostly white industry National data shows the state is representative of the demographics of craft brewing as a whole, rather than an outlier. In 2018, a study by the Brewers Association, a trade group of breweries around the country, found that Black people make up 19.3 percent ...
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Bentley Reveals The New Bentayga Luxury SUV This is the new Bentley Bentayga, details of which were revealed in a pandemic-style digital media launch today. The highly assertive upright matrix grille and intricate light design, housing the marque's unique cut-crystal detailing, visually link the luxury SUV ...
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Wirecard Reopens UK Banking As Regulators Remove Restrictions Wirecard AG got the green light Tuesday (June 30) to resume its banking operations in the United Kingdom (UK), as financial regulators lifted restrictions that had been placed on the troubled German payments company four days ago. The Financial Conduct ...
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E-scooter firms get the green light to start trials of up to one year on UK streets In light of COVID-19 and social distancing regulations, the UK has been working on making it easier for people to get from point A to B in cities without resorting to buses and trains or bringing more cars to congested roads, and today that strategy took an ...
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A National Mask Mandate Could Save The US Economy $1 Trillion, Goldman Sachs Says As mask-wearing becomes a political flashpoint—despite coronavirus cases spiking to record levels across the country—new research from Goldman Sachs suggests a national mask mandate would slow the growth rate of new coronavirus infections and ...
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Amazon's AWS establishes new aerospace cloud unit as Jeff Bezos increases bets on outer space Amazon Web Services announced on Tuesday it was establishing a new space unit called Aerospace and Satellite Solutions. Job listings for the AWS unit identify it's looking to provide services for nearly every space sub-sector, including rocket launches, ...
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WeWork sells Flatiron School to Carrick Capital Partners WeWork, the once $47 billion company that was on the brink of a public offering, has been divesting a great number of its assets as it looks to right the course since releasing its S-1, which exposed its expanding costs, among other things, and sent its ...
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Facebook says it will prioritize original reporting and 'transparent authorship' in the News Feed Facebook announced this morning that stories with original reporting will get a boost in the News Feed, while publications that don't clearly credit their editorial staff will be demoted. The change comes as a number of high-profile companies have said that ...
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Greek line Celestyal Cruises opts to forego the rest of 2020 season, will resume in 2021 Celestyal Cruises has extended its sailing suspension into next year, saying it will restart operations again in March 2021. "As the core of our season runs from spring through autumn, we were optimistic that we would be able to resume our cruise operations ...
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Citroen Unveils New Hatchback as Virus Pushes Event Online FRANKFURT, Germany — PSA Group unveiled one of its most important new models Tuesday with 20 people physically present and 2,600 watching online - a marketing configuration that the coronavirus seems likely to accelerate across the industry after the ...
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Uber, hungry for a deal, now reportedly in talks to acquire Postmates (CNN Business) Just a few weeks after it lost out on a high-profile deal to acquire food delivery company Grubhub, Uber hasn't given up on bolstering its own meal delivery service with an acquisition. Uber (UBER) is now reportedly in talks to buy Postmates, ...
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UK airline easyJet to close three of its airport hubs as coronavirus wreaks further havoc EasyJet said it was in discussions with unions about the plans which could involve a third of its U.K.-based pilots laid off. EasyJet said on Tuesday it was considering closing three of its hubs in the U.K. because of the drop in travel demand caused by ...
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Home price gains remained steady in April as the coronavirus swept across the country, Case-Shiller index shows The numbers: Home-price appreciation maintained a steady pace in April, despite the spread of the coronavirus across the U.S., according to a major price barometer released Tuesday. The S&P CoreLogic Case-Shiller 20-city price index posted a 4% ...
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RPT-Powell, Mnuchin enter the lion's den again to discuss pandemic response (Repeats to new story number). By Lindsay Dunsmuir. WASHINGTON, June 30 (Reuters) - U.S. lawmakers on Tuesday will get another chance to grill the heads of the Federal Reserve and Treasury over the effectiveness of the nearly $3 trillion in emergency ...
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7 Investing Lessons You Can Learn From Warren Buffett If you're interested in creating wealth, this advice from the world's favorite billionaire can set you up for success. Barbara Eisner Bayer. (TMFVenus). Jun 30, 2020 at 6:04AM. Author Bio. Barbara has written about personal finance and investing for over 24 ...
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Inovio Pharmaceuticals Reports Results From Phase 1 Clinical Trial of Coronavirus Vaccine Candidate On Tuesday morning, Inovio Pharmaceuticals (NASDAQ:INO) released interim data from a phase 1 clinical trial for INO-4800, its investigational vaccine for SARS-CoV-2, the coronavirus that causes COVID-19. This trial initially enrolled 40 participants ...
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Humana works with LabCorp, Quest, Walmart on at-home and drive-thru COVID-19 tests National health insurer Humana said it is making it easier for its members to get tested for COVID-19 at home or via drive-thru pharmacies. The company said it will pay for certain plan members to access LabCorp. at-home COVID-19 tests. It is also partnering ...
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Gilead pricing suggests it will make a business out of COVID-19 drug The planned price tag for Gilead's COVID-19 drug offers the most concrete evidence yet that the company does mean to make a business out of it, a standard-setting move that could influence other companies working on treatments and vaccines. On Monday ...
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Here's How I'm Playing Micron I have often found Micron (MU) to be one of the tougher names to get right going into earnings. By the time these earnings had rolled around, I had been out of the name for a long time. I had long since narrowed my book, leaving just Nvidia (NVDA) ...
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Meet the rising stars who are taking on the $1.9 trillion energy industry and cleaning up the electrical grid An enormous transition is underway across the electric grid. Power plants that run on fossil fuels are being replaced by solar panels and wind farms and more batteries and electric vehicles are plugging in every day. Once niche, the clean energy industry is ...
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FDA spells out guidelines for approving Covid-19 vaccines The FDA on Tuesday released final guidance laying out its standards for approving coronavirus vaccines, requiring that any vaccine candidate be at least 50 percent more effective than a placebo. The agency also left open the possibility it would issue an ...
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New York City Transit prepares to charges fares on buses once again come August As the Metropolitan Transportation Authority (MTA) nears a $10 billion shortfall and CARES Act funds running low, New York City Transit buses will no longer remain toll-free as they have over the course of much of the pandemic. Rear-door boarding on buses ...
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DOL Proposes Fiduciary Rule Replacement The DOL's proposed replacement for its Obama-era fiduciary rule—vacated in 2018 by a federal appeals court—has at last arrived. Newsletter Sign-up. Advisor Center. Barron's scans the world's major publications each day to find news that helps financial ...
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L'Oreal to Nominate CEO Successor, Drawn Internally, by Autumn PARIS — L'Oreal's Chairman and Chief Executive Jean-Paul Agon said on Tuesday he expected the cosmetic group's nominations committee to propose a candidate to succeed him by the autumn as his mandate expires. Agon told a shareholder meeting ...
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Netflix pledges up to $100 million toward 'economic opportunity for Black communities' Netflix is pledging 2 percent of its cash holdings to provide "economic opportunity for Black communities." The company plans to initially commit up to $100 million, but the quantity could grow alongside its cash holdings over time. The streaming behemoth ...
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Office Depot's stock gains ahead of reverse stock split, set to take effect after the closing bell Shares of Office Depot Inc. ODP, -0.44% rose 0.7% in midday trading Tuesday, ahead of the previously announced reverse stock split, which is aimed at increasing the shares' trading price. The office goods retailer confirmed before the opening bell that the ...
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China's Kingold shares tank on report of fake gold bars BEIJING (Reuters) - Kingold Jewelry Inc's (KGJI.O) 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 ...
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Conagra Brands forecasts profit above estimates, beats fourth-quarter expectations (Reuters) - Conagra Brands Inc (CAG.N) on Tuesday forecast current-quarter profit above estimates after reporting strong fourth-quarter results as coronavirus-led lockdowns fueled demand for its frozen foods and snacks, sending the company's shares up 4% ...
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Facebook Announces Plans to Build $800M Data Center in DeKalb The 907,000-square-foot DeKalb facility, touted by Facebook as being "among the most advanced, energy- and water-efficient data center facilities in the world" will be the 12th Facebook data center in the country, according to the company.
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IHeart launches Black Information Network on 99.1 FM, designed to 'inform, engage and empower' Black voices CLEVELAND, Ohio -- Alt 99.1 Cleveland's New Rock Alternative is now Cleveland's BIN 99.1. BIN stands for Black Information Network, a format iHeartMedia launched in 15 cities Tuesday that it describes as "the first and only 24/7 national and local all news ...
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Taco Bell's website and app crashes after company offers free Chalupa Craving Box through app Customers were very upset after Taco Bell's website and app crashed Tuesday morning. The company was offering free Chalupa Craving Box through its app. The promotion caused a large number of people to seek out the site and app. As of Tuesday ...
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CDC Chief criticizes American Airlines for selling full flights The recent move by American Airlines to end their policy of limiting bookings in order to provide social distancing on flights drew opposition from the head of the Centers for Disease Control on Tuesday, as federal health experts said planes, trains, and buses ...
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Gold Climbs Above $1800 for the First Time Since 2011 Gold futures rose above $1,800 an ounce for the first time in eight years as low interest rates and a resurgence in coronavirus cases drive demand for the metal as a haven. Bullion is heading for its best quarter since early 2016, benefiting from economic ...
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Regions announces $12 million racial equity, empowerment investments Regions Bank and the Regions Foundation today announced $12 million in programs and investments it says are aimed at advancing racial equality, inclusivity and economic advancement. Jeremy D. King, a senior vice president for Regions, said the ...
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7 New Tesla Software Updates Show Why Owners Love ❤️ Tesla June 30th, 2020 by Zachary Shahan. There are many things about Tesla ownership that are different from conventional car ownership, and even different from ownership of other electric cars. However, I think one is both particularly special and also hard to ...
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Air Canada ending flights out of North Bay SUDBURY -- Hard hit by the COVID-19 pandemic, Air Canada announced Tuesday it is suspending service on 30 domestic regional routes, including from North Bay. The airline is also closing its North Bay station, one of eight stations at regional airports in ...
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Follow This Rule, and You'll Succeed in Real Estate I made my first real estate investment more than two decades ago. And I've continued to seek them out since... The thrill and chase of a real estate deal, aside from being profitable, can also be a lot of fun. Each venture came with its own learning experiences.
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FDA Relaxes Blood Donor Restrictions for Gay, Bisexual Men, But Some Feel It's Not Enough ST. PETERSBURG, Fla. — The Food and Drug Administration has loosened its rules on who can donate blood, but many gay and bisexual men feel the changes are still not enough. What You Need To Know. FDA reduced celibacy requirement for gay men ...
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Speed and style hits the seas as 'Tecnomar for Lamborghini 63' yacht unveiled Automobili Lamborghini on Tuesday unveiled 'Tecnomar for Lamborghini 63' - a yacht which pays tribute to the iconic Italian supercars while literally creating waves of its own in open seas. Co-developed with The Italian Sea Group, the yacht seeks to be a ...
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Michigan Public Service Commission to Hold Hearing Regarding Line 5 Tunnel Project The Michigan Public Service Commission has decided to call a hearing regarding their role in Enbridge's Line 5 tunnel project. The commission decided the tunnel project "differs substantially" from the pipeline approved in 1953, and the company doesn't ...
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Fitch cuts India growth projection to 8% for FY22; economy to shrink by 5% this fiscal S&P has forecast a 5 per cent contraction in the fiscal year starting April, and the growth to recover to 8.5 per cent next fiscal. NEW DELHI: Fitch Ratings on Tuesday cut India's growth forecast for 2021-22 fiscal to 8 per cent from 9.5 per cent projected last ...
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More than 200 people are advised to quarantine after possible Covid-19 exposure at gym in West Virginia By Elizabeth Joseph, CNN More than 200 gym-goers in West Virginia are being urged to quarantine after a Planet Fitness client tested positive for Covid-19, health officials say. Monday, June 29th 2020, 1:07 PM EDT. Updated: Monday, June 29th 2020, 3:22 ...
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PA Department of Labor extends unemployment benefits HARRISBURG, DAUPHIN COUNTY (WBRE/WYOU) — The Pennsylvania Department of Labor announced today that they will be extending unemployment benefits for up to thirteen more weeks. In a release, the department said that those who exhaust their ...
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Explained: How stamp duty on mutual fund purchases will impact investors While all categories of mutual funds (except for ETFs) will attract stamp duty for the first time, shares purchased by individuals at stock exchanges were charged stamp duty at different rates by respective states. Written by Sandeep Singh , Edited by Explained ...
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Papa John's same-store sales increased 24% last month The pizza chain's North American sales continued to surge during the pandemic as consumers ordered more delivery. By Jonathan Maze on Jun. 30, 2020. Photo courtesy of Papa Johns's. Facebook · Twitter · LinkedIn · SMS. Papa John's same-store sales ...
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Nevada gaming win for May down 99.4% from 2019 LAS VEGAS (KLAS) — Nevada gaming properties experienced a second month of devastating financial losses in May. The gaming win was $5.8 million which was down 99.4% from May 2019 when the gaming win was $981 million. May was the second full ...
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