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Stock-index futures mostly higher; Dow on track to erase 2020 loss Stock-index futures traded mostly higher Friday, with the Dow Jones Industrial Average on track to turn positive for the year to date, as investors look for data on U.S. consumer spending a day after the Federal Reserve announced a policy shift that would allow ...
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3 Stocks to Hold for the Next 20 Years These companies have dominated the past two decades and are perfectly poised to do the same in the coming decades. Chris Neiger. (TMFNewsie). Aug 28, 2020 at 6:12AM. Author Bio. Chris has covered Tech and Telecom companies for The Motley Fool ...
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Norwegian Air aims to secure more cash this year as losses balloon OSLO (Reuters) - Norwegian Air NORR.OL aims to secure funding this year for the next 18 months or more to see it through the COVID-19 pandemic, the budget airline said on Friday after reporting first-half losses of $610 million. FILE PHOTO: A Norwegian ...
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Air New Zealand Mulls Dreamliner-Only Fleet To Meet Covid Horror For Long-Haul Travel New Zealand may be a dream long-haul destination, and arriving there in the future on the flag carrier could involve only Dreamliners. Air New Zealand is evaluating a plan to replace large Boeing BA -1.2% 777s with smaller 787 Dreamliners, giving it a ...
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UPDATE 3-China's BoCom posts first H1 profit fall since listing as bad debts rise ... * BoCom's H1 profit 36.5 bln yuan vs 42.75 bln year-ago. * Bad loans rise. * NIM 1.53% at end June vs 1.55% at end March (Adds comments from officials). By Cheng Leng and Engen Tham. BEIJING/SHANGHAI, Aug 28 (Reuters) - Bank of Communications ...
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Credit unions fear planned GSE fee could cut into mortgage profits Credit unions fear that a fee to be imposed by Fannie Mae and Freddie Mac on refinanced mortgages could dampen the otherwise booming business line. Earlier this month, Fannie Mae and Freddie Mac said they would apply an "adverse market fee" of 0.5% ...
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UPDATE 1-Finland's Q2 GDP shrinks 4.5% Q/Q - Statistics Finland (Adds details, analyst comment). HELSINKI, Aug 28 (Reuters) - Finland's second-quarter economic output fell 4.5% from the previous quarter, Statistics Finland said on Friday, outstripping an earlier flash estimate of a 3.2% drop. The second-quarter gross ...
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Japan, eyeing Olympics, lines up half-billion doses of COVID-19 vaccine By Rocky Swift. TOKYO, Aug 28 (Reuters) - Japan is making an aggressive move to grab enough coronavirus vaccine to inoculate its population four times over, a push the government hopes will instil confidence that it can host a delayed Summer Olympics ...
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Fed: Rates to stay ultra-low even after inflation picks up WASHINGTON — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded its 2% target level. Support our journalism. Subscribe today.
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Big Lots Reports Record Q2 Results COLUMBUS, Ohio, Aug. 28, 2020 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today reported net income of $452.0 million, or $11.29 per diluted share, for the second quarter of fiscal 2020 ended August 1, 2020. This result includes a one-time, after-tax benefit ...
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Tesla loses ground in Europe despite a local surge in EV purchases post-lockdown Tesla Motors has emerged as the leading seller of electric vehicles in China this year, shipping over 50,000 units to date. But, in Europe, registrations for the California company's EVs plummeted 76% in July, as local government subsidies spur competition.
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UPDATE 1-Steinhoff nine-month sales fall 6% as COVID-19 restrictions hit (Adds details). JOHANNESBURG, Aug 28 (Reuters) - South African retailer Steinhoff International Holdings on Friday reported a 6% decline in sales for the nine-months to June 30, due to COVID-19-related trading restrictions imposed worldwide. Steinhoff ...
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Boeing pulls eight 787 jets from service over structural issue: The Air Current (Reuters) - Boeing Co (BA.N) called on airlines to pull eight 787 Dreamliners from service, after the planemaker found a manufacturing issue in the jet's structure, The Air Current reported on Friday. This instruction from Boeing took place earlier this week after ...
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Malaysia's CIMB reports 82% fall in Q2 profit KUALA LUMPUR, Aug 28 (Reuters) - Malaysia's CIMB Group Holdings Bhd reported a 81.6% drop in second-quarter net profit, largely due to the coronavirus pandemic impact on economies, the bank said in a bourse filing on Friday. The lender, Malaysia's ...
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Peach recall expanding over possible salmonella contamination after 78 sickened in 12 states A peach recall has expanded to include loose peaches and peach products after 78 people were sickened in 12 states by salmonella poisoning linked to the fruit, the US Centers for Disease Control and Prevention said Thursday. Of the 78 reported cases of ...
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Ford's Mustang Mach-E sound gets remixed by Detroit artist Dear Many enthusiasts bemoan the advent of electric cars because they lack the classic soundtrack to which we've become accustomed. Sure, an EV lacks the drama of a car with a high-strung V12 or an angry, burbling V8, but you'd have to be a total wet blanket ...
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Amazon Orders 1800 Mercedes-Benz Electric Vans for European Deliveries (Reuters) - Amazon.com Inc said on Friday it had ordered 1,800 electric vans from Mercedes-Benz for its European delivery fleet, as part of the online retailer's plans to run a carbon neutral business by 2040. A majority of the electric vehicles from Daimler AG's ...
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As coronavirus rages, US economy struggles to sustain a recovery WASHINGTON (AP) — Home sales are booming. Stocks are setting record highs. Industrial production is clambering out of the ditch it fell into early this year. And yet the U.S. economy is nowhere close to regaining the health it achieved, with low ...
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United Airlines will cut up to 2850 pilots without more federal aid CHICAGO (AP) — United Airlines said Thursday that it will furlough up to 2,850 pilots this fall unless the federal government provides more relief to help airlines cover their labor costs during a pandemic-fueled downturn in travel. United's figure is higher than ...
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New Zealand stock exchange hit for fourth straight day by 'severe' cyberattack Trading was disrupted on New Zealand's financial markets for a fourth consecutive day on Friday as the country's stock exchange struggled to repel a cyberattack that originated overseas. New Zealand's Exchange (NZX) opened at 1 p.m. local time on Friday, ...
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Sensex rises for 6th day on Fed, RBI promise to help revive Covid hit economy NEW DELHI: Confidence among Dalal Street investors, which looked shaky in the last couple of sessions, improved substantially on Friday after central banks in the US and India said they were not rushing to withdraw Covid-19 relief measures.
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Myths about credit: What's a good credit score? When you're applying for credit, whether it's a mortgage, a personal loan or a credit card, your lender will almost always look at your credit score. But what exactly does your credit score mean, and what's a good credit score versus a bad one? Before we get ...
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Gold, silver futures rise, but may see selling pressure Kolkata: Domestic gold and silver rose on Friday, tracking firm overseas prices. Bullion prices have gone up in international markets due to weak US dollar and data suggested that the world's largest economy is struggling from a COVID-19-induced economic ...
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India's Future Enterprises to seal Reliance Retail deal on Saturday - ET BENGALURU, Aug 28 (Reuters) - India's Future Enterprises Ltd FURE.NS is all set to finalise the sale of the group's retail business to Mukesh Ambani-led Reliance Industries Ltd's RELI.NS retail arm on Saturday, The Economic Times said. The deal ...
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VW Taking $100 Deposits for 2021 Electric ID.4 Starting in September When the online reservation system goes live, customers can configure and reserve their ID.4 with a $100 refundable deposit. They'll then be able to track their vehicle's status via the My VW portal. An additional $400 deposit is required when the configuration ...
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Bar reopenings help boost retail sales in month of July The reopening of bars that sell food boosted retail sales in July, new figures show. Retail sales were up 1.5 per cent compared to June in volume terms and were 6.4 per cent higher than in the same month a year earlier, according to new figures from the ...
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Full list of Pret a Manger branches set to close Pret a Manger has become the latest high street chain to slash jobs after it cut 2,800 store roles as part of a major restructure. The coffee and sandwich chain has said more staff will be affected by its cost-saving shake-up than first thought, after suggesting in ...
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Transsion stays tight-lipped on malware claims 14m | Melanie Mingas. AddThis Sharing Buttons. Share to Facebook Share to Twitter Share to LinkedIn Share to WhatsApp Share to Email. Cover. Chinese phone manufacturer Transsion has still not responded to claims that it sold low-cost devices ...
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Bouygues to remove 3000 Huawei mobile antennas in France by 2028 By Mathieu Rosemain PARIS: Bouygues will replace 3,000 Huawei-made mobile antennas in France by 2028 following a decision by the country's authorities to remove equipment made by the Chinese company from highly-populated areas, Bouygues's ...
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Great American Beer Festival to be hosted online with 900 breweries competing Like most other beloved annual traditions and festivals, the Great American Beer Festival (GABF) has announced that it will be virtual this year on Oct. 16-17 amid the COVID-19 pandemic. The festival, now in its 39th year, is considered to be the country's ...
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The Triple Challenge Dragging Down Solar In India On August 21, the Central Electricity Authority (CEA), the premier national body tasked with laying down the roadmap to power for all citizens, and the policy interventions to get there, released a report on India's solar and wind sector. Titled simply as " Report ...
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Always wanted to have an Aston Martin DB5? Here is your chance Aston Martin and The Little Car Company have announced the DB5 Junior, a two-thirds scale electric junior car. Developed over the last 15 months as in collaboration between the two companies, the junior car is based on Aston Martin's reference 3D scan of ...
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Smartphone sales showing signs of recovery Europe and North America saw an overall decline in smartphone sales in Q2 2020 as stores remain closed and recovery was slow. Sales declines in April, which was the hardest hit, were offset by an uptick in June, as stores reopened across Europe and the ...
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Petrol price hiked again, diesel remain unchanged Petrol price has maintained its rise with the fuel price increasing again on Friday, while diesel is holding on to its price line that it has maintained since July 30. In the international market, crude price has also remained firm with benchmark Brent crude ...
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Tesla Is Still Trying To Make An Affordable Car Tesla makes the Model S, the Model X, the Model 3, and the Model Y, two of which were genuinely groundbreaking, one of which has become the volume sales success Tesla needed, and the other the possible sales success Tesla still needs. But CEO Elon ...
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ICC and World Travel and Tourism Council issue COVID-19 restart guide for the Travel & Tourism sector The International Chamber of Commerce (ICC) and the World Travel & Tourism Council (WTTC) have published a set of recommendations for safely re-opening customer facing businesses in the age of COVID-19. The COVID-19 pandemic has caused ...
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