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US GDP fell at 5.0% rate in Q1; worse is likely on the way WASHINGTON — The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period, which will show what happened when the pandemic began spread across the U.S.. Support our ...
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3 Ways ETFs Are Perfect for Retirement Finding the money to contribute to your retirement account is only half the battle. Then, you must decide what you're going to invest that money in so you earn the largest possible return without exposing yourself to too much risk. The more you grow your nest ...
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PRECIOUS-Gold gains as virus spike hits equities; firm dollar caps upside ... * World stocks drop to a more than one-week low * IMF predicts deeper global recession due to coronavirus * Gold losing out safe-haven appeal to dollar * For an interactive graphic tracking the global coronavirus spread, open tmsnrt.rs/3aIRuz7 in an ...
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Swedish FSA fines SEB over money laundering compliance failures STOCKHOLM (Reuters) - Sweden's financial watchdog on Thursday fined lender SEB (SEBa.ST) 1 billion crowns ($107.11 million) for failures in compliance and governance in relation to anti-money laundering regulations in the Baltics. The watchdog ...
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Salesforce announces a new mobile collaboration tool for sales called Anywhere Even before the pandemic pushed most employees to work from home, sales people often worked outside of the office. Salesforce introduced a new tool today at the Trailheadx Conference called Salesforce Anywhere that's designed to let teams collaborate ...
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Over $100B in PPP loans left unclaimed in US relief aid Back in April, when the Small Business Administration was approving about $25 billion in coronavirus loans a day, lawmakers and companies were concerned that $669 billion in relief would run dry, leaving countless mom-and-pop firms hanging.
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Official: US might help others buy non-Huawei telecom gear BEIJING — The United States is willing to help other countries finance purchases of next-generation telecom technology from Western providers so they can avoid Chinese tech giant Huawei, which Washington sees as a security threat, an American official ...
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US core capital goods orders rebound in May WASHINGTON (Reuters) - New orders for key U.S.-made capital goods rebounded more than expected in May, but recouped only a portion of the prior two months' declines, suggesting business investment could lag the broader economic recovery from the ...
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US STOCKS-Wall St drops on sharp rise in virus cases, elevated jobless claims (For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) * Disney slips as theme parks reopening delayed. * Boeing declines after Berenberg downgrade. * Indexes down: Dow 0.75%, S&P 0.76%, Nasdaq 0.89% (Updates to open).
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Lordstown Motors to debut electric truck against backdrop of presidential campaign Lordstown, Ohio — When President Donald Trump held a rally Youngstown in the summer of 2017, he told a crowd of thousands not to sell their houses because he would bring back lost manufacturing jobs to the former steel town. Two-and-a-half years later, ...
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Mercedes Drops Partnership With BMW, Hooks Up With NVIDIA On Self-Driving: Robocar Roundup The novel coronavirus crisis has slowed down progress in many fields, and in the world of self-driving cars, it doesn't help that it came as people started worrying about a "winter" for technology growth after car companies didn't make their made-up 2020 ...
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UPDATE 1-Demand for safe European government debt rises; spreads widen ... * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds commentary and chart). By Elizabeth Howcroft. LONDON, June 25 (Reuters) - Demand for safe European government debt rose on Thursday, with German bond yields falling ...
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Breakingviews - Wirecard collapse is real-life fintech stress test LONDON (Reuters Breakingviews) - Wirecard is giving Europe's fintech industry a timely stress test. The German group on Thursday announced it was filing for insolvency, a week after revealing that 1.9 billion euros of its cash was missing. Its collapse will test ...
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SoftBank-Backed Lemonade Plans to Raise Up to $286 Million in IPO (Reuters) - Insurance startup Lemonade Inc, which is backed by SoftBank Group Corp, said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains momentum after COVID-19 put many debuts on ...
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Moderna aims for light-speed COVID-19 shot rollout with Catalent fill-finish deal With the search for a COVID-19 vaccine in hyperdrive, drugmakers have signed a wave of massive manufacturing tie-ups to help secure capacity for a possible winner. Now, Moderna has tapped CDMO Catalent to help out on the finishing stages of its shot ...
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Pandemic Takes a Bite, Chuck E Cheese Files for Bankruptcy NEW YORK — Chuck E Cheese, the restaurant chain that became a Mecca for children and a crucible for many of their parents, is filing for bankruptcy protection. CEC Entertainment Inc. has reopened 266 of its 612 company-operated Chuck E Cheese and ...
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Amazon Wants To Expand Its Entertainment Options Forget about connected TV, social-media video, OTT platforms and other new digital video-on-demand advertising. Think about where the biggest U.S. ecommerce retailer is going now: live, linear TV. Yep. Back to the future -- or maybe just the present.
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Unilever to rename Fair & Lovely skin-lightening cream in India Unilever Plc plans to rename Fair & Lovely, a melanin-suppressing face cream that's one of its best-sellers in India, as the backlash against branding that trades off racial stereotypes spreads beyond the U.S.. The Anglo-Dutch conglomerate, which derives ...
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Accenture beats revenue estimates on digital push, shares rise (Reuters) - IT consulting firm Accenture Plc (ACN.N) beat analysts' estimates for third-quarter revenue and profit on Thursday and forecast strong bookings for the current quarter, sending its shares up about 8%. The company has shifted its focus to offering ...
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What To Do When Your Bank Is Slow To Fix Credit Card Problems, Tips From Consumer Reports From Consumer Reports: By Penelope Wang. In the wake of the coronavirus pandemic, millions of cash-strapped Americans are seeking relief from their credit card bills. Getting that relief can be a frustrating process, however. Unlike student loan or mortgage ...
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Survey ranks Tesla last among all carmakers in initial quality, points to build issues Tesla was ranked the lowest of 32 brands in the 2020 J.D. Power Initial Quality Survey, thanks largely to build quality issues reported by owners. This is the first time Tesla has been profiled in the survey, which grades automakers on the number of problems ...
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McCormick beats sales and profit estimates as consumers eat home during pandemic McCormick & Co., the Hunt Valley-based spice company, beat sales and profit estimates in the second quarter as consumers spent more time cooking at home during the pandemic, driving up demand for the flavorings maker's products. Consumer demand ...
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WhatsApp says Brazil central bank willing to restore payments service SAO PAULO (Reuters) - Facebook Inc (FB.O) messaging service WhatsApp said on Thursday that Brazil's central bank had said it intended to find a way to restore the payments service in the country by working with Visa Inc (V.N) and Mastercard Inc (MA.N).
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UK oil and gas group pushes for inclusion in net-zero energy transition ABERDEEN - The leading representative for the UK's offshore oil and gas industry has welcomed the Committee on Climate Change report to parliament today, calling for energy communities like the North East of Scotland and the East of England to be put at ...
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Viagogo's StubHub deal faces in-depth UK competition probe (Reuters) - UK's competition watchdog said on Thursday it will launch an in-depth investigation into ticket reseller Viagogo's $4.05 billion deal for the ticketing unit of U.S. e-commerce company eBay Inc (EBAY.O) after the firms failed to address its initial ...
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ECB Sets Up New Backstop for Central Banks Outside Euro Area The European Central Bank will set up a precautionary facility to provide euros to central banks outside the currency area to help ease any liquidity stress as a result of the coronavirus pandemic. The funds will be offered against adequate collateral of ...
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Millennial job mobility set to decline because of the pandemic Job mobility — one key to a dynamic labor market — may be a casualty of the coronavirus pandemic, according to the Deloitte Global Millennial Survey 2020. After several years of increases, less than a third of millennials now anticipate changing jobs in the ...
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Rite Aid 1Q loss shrinks, helped by pandemic-inspired sales Customers pumped up Rite Aid sales of sanitizers, wipes and liquor, helping the drugstore chain deliver a better-than-expected first-quarter performance. Company shares started climbing early Thursday after Rite Aid said its fiscal first-quarter loss shrank to ...
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US banking regulators ease rules around firm investments, internal trading By Pete Schroeder. WASHINGTON (Reuters) - U.S. banking regulators Thursday unveiled a pair of rules that will make life easier for large banks with complex trading and investment portfolios. One rule wraps up a long-running effort by Republicans to ...
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Tesla touch screens under safety inquiry DETROIT -- Complaints that Tesla's giant touch screens can fail have drawn the attention of U.S. safety regulators. The National Highway Traffic Safety Administration says in documents that it's investigating failures in the 2012 through 2015 Tesla Model S.
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Renewable energy breaks UK record in first quarter of 2020 Renewable energy made up almost half of Britain's electricity generation in the first three months of the year, with a surge in wind power helping to set a new record for clean energy. The government's official data has revealed that renewable energy made up ...
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Cottrel: Hoarding coins during the pandemic may be leading to a shortage Those of you who are collecting change in five gallon water bottles in hopes of someday cashing it in for a cruise, pay attention. You might be causing some problems. I first heard that there might be a coin shortage at a softball game while socially distancing ...
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Slack Connect extends shared channels to up to 20 orgs, primes B2B revolution Summary: The launch of Slack Connect is the start of a revolution in how organizations connect B2B processes - we drill into the background to today's news. Slack Connect - multiple orgs in a channel. (via Slack). Today saw the launch of Slack Connect, ...
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As They Prepare to Leave Government Conservatorship, Are Fannie Mae and Freddie Mac Attractive Stocks? After 12 years, the two government-sponsored entities are preparing to leave government control and launch a new public offering. Bram Berkowitz. (TMFBram). Jun 25, 2020 at 7:00AM. Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) have been in ...
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Sensex falls 27 points on grim IMF outlook; Nifty ends June F&O expiry at 10289 Mumbai: A host of weak cues such as wobbly world markets, grim economic forecast and concerns of a further flareup in border tensions weighed on domestic benchmark indices on Thursday, resulting in a weak end to the session. However, gains in financial ...
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Children's Mutual Funds: A gift that grows with your child Children's Mutual Funds is a category of mutual fund schemes designed to build a corpus of a children's future needs like education, marriage, general welfare, etc. Share · Next. mutual fund, Children Mutual Fund, mutual fund investment, best mutual funds, ...
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Delta says unlikely to add 'many more' flights for rest of 2020 (Reuters) - Delta Air Lines expects to add about 1,000 flights in August but the U.S carrier is unlikely to add "many more" flights for the remainder of the year, Chief Executive Ed Bastian said in an internal memo on Thursday. "While it's encouraging to see ...
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Canopy Growth Substantially Reduces Price for Potential Acquisition of Acreage Holdings Canopy Growth & Acreage Holdings Agree to Modify Plan of Arrangement as Canopy Growth's U.S. Expansion Continues. Canopy Growth and Acreage agree to amend plan of arrangement to provide potential additional upside for all shareholders; Amended ...
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Mitie snaps up Interserve facilities arm to create outsourcing giant Mitie will buy the facilities management arm of rival outsourcer Interserve for £271m, the company announced today, creating a new business with nearly 80,000 employees. The move will make the company the UK's largest facilities management group, and ...
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TikTok unveils global platform for marketers, Brand Scan AR ads TikTok today introduced a global platform for marketers as part of its first appearance at the Interactive Advertising Bureau's (IAB) Digital Content NewFronts, according to details shared with Mobile Marketer. TikTok for Business is a hub that will host the ...
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Aston Martin starts testing its AMB 001 motorcycle Aston Martin has started a testing programme for the AMB 001, the limited edition motorcycle it is building in partnership with motorcycle-maker Brough Superior. Image Credit: Supplied. 2 of 5. auto aston A prototype of the exclusive motorcycle took to the track ...
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ArcelorMittal Europe and Atos launch net-zero carbon roadmaps Europe's largest steelmaker has vowed to reduce its carbon emissions by 30% by 2030 and bring them to net-zero by 2050, in the same week that ICT services giant Atos set a 2035 net-zero deadline. Image: ArcelorMittal Europe. ArcelorMittal Europe ...
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Is This the Most Elegant Travel Watch Ever Made? Editor's Note: Watches & Wonders (formerly SIHH) has moved online and Baselworld 2020 is canceled, but that hasn't stopped watch brands large and small from debuting their new wares. Stay on top of this year's best new watch releases here. A. Lange ...
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'Coming back and biting us': US records highest one-day total of new COVID-19 cases since late April We have lifted the paywall on this story. To support essential reporting, please consider becoming a subscriber. A crowd gathers to drink at Standard Hall, a bar, May 15, 2020 in Columbus, Ohio. Ohio restaurants have the option to offer outdoor dining, the ...
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GBP/JPY Price Forecast – British Pound Facing Squeeze Against Yen The British pound has rallied ever so slightly on Thursday, reaching towards the ¥133.50 level. At this point, we are stuck between a couple of technical levels. Christopher Lewis. in 14 hours (Jun 25, 2020 02:01 PM GMT). GBP/JPY. The British pound has ...
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Facelifted Genesis G70 Revealed In New Photos The facelifted Genesis G70 has been given an early unveiling as a couple of undisguised pictures have surfaced online. Noticed by Carscoops reader Mr.V, who commented on this morning G70's spy photos, the images show the facelifted sedan will follow in ...
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Xiaomi covers stores with 'Made In India' banners as calls for 'Boycott Chinese products' grow stronger Amid fears over backlash in India and calls from various quarters for boycotting of Chinese products, Chinese smartphone company Xiaomi has covered its Mi-Store showroom with 'Made In India' banners. The development comes days after its India unit ...
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LabCorp launches new antibody test for COVID-19 (Reuters) - LabCorp said on Thursday it has launched a new test that could assess the capacity of antibodies in patient plasma to inhibit the novel coronavirus. Information from the test about the disease-fighting ability of antibodies could be used in the ...
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Spyware hidden in Chinese tax software was probably planted by a nation-state, say experts WASHINGTON — Earlier this year, a multinational technology vendor doing business in China was instructed by its Chinese bank to install software to pay local taxes. The tax software was legitimate, but embedded inside it was a nasty surprise, according to ...
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