Monday September 21-st, 2020

Chinese manufacturing hits record low amid coronavirus outbreak Chinese manufacturing hits record low amid coronavirus outbreak

The sombre readings present the first formal snapshot of the condition of the Chinese financial state because the outbreak of the coronavirus epidemic which has killed nearly 3,000 people today in mainland China and contaminated about 80,000.

'I hope the Fed gets involved' as coronavirus crushes stocks 'I hope the Fed gets involved' as coronavirus crushes stocks

Why it matters: Economists aren't sure a rate cut would be effective at offsetting the damage from the coronavirus outbreak, and would put the Fed in a weaker position to bolster the economy should the USA fall into a recession. The main economic ou...

Coronavirus to knock USA earnings growth to zero, Goldman says Coronavirus to knock USA earnings growth to zero, Goldman says

Goldman mentioned the latest forecast reflects a significant drop in Chinese economic activity in the initially quarter, lessen desire for US exporters, supply chain disruptions and a slowdown in domestic financial exercise. Earlier this week Goldman...

Paul Singer's Elliott seeks to replace Jack Dorsey as Twitter CEO Paul Singer's Elliott seeks to replace Jack Dorsey as Twitter CEO

Bloomberg was first in reporting the news that Elliott has established a stake in Twitter and is pushing for changes. Twitter has always been a target for activist investors. Co-founder Dorsey doesn't have voting control of the company like Facebo...

People with expensive cars more likely to have superiority complex People with expensive cars more likely to have superiority complex

Of 461 cars surveyed, just under 28 per cent stopped to allow pedestrians to cross, with the likelihood of the driver yielding decreasing by 3 per cent per every $ 1000 increase in auto value (which was ascertained using United States vehicle ...

WHO Increases Global Coronavirus Risk to Highest Level WHO Increases Global Coronavirus Risk to Highest Level

Of over 720 confirmed cases scattered across the Mideast, the majority trace back to the Islamic Republic. South Korea reported its biggest surge in new coronavirus cases on Saturday as concerns grew of a possible epidemic in the United States an...

Trump, on first coronavirus death in US: 'No reason to panic' Trump, on first coronavirus death in US: 'No reason to panic'

A Level 4 advisory - the highest level - was issued in relation to other countries that have been hit hard by the COVID-19 outbreak - Italy and South Korea - warning U.S. As global markets plunged this week, Mr Trump predicted they will come back...

Government considering major cut in petrol, diesel prices Government considering major cut in petrol, diesel prices

The price of 91 Premium Petrol has dropped from QR 1.75 in February to QR 1.60 in March 2020. The price list on QP website showed that premium grade petrol will cost QR1.60 per litre in March, that is 15 dirhams less than the price in February and ...

Citroën's new €20 per month EV may not require a driving licence Citroën's new €20 per month EV may not require a driving licence

The production ready Ami follows a year of development since the Ami One Concept was shown at the Geneva Motor Show in March 2019. The Ami has a length of 2,410 mm, which is about the size of the wheelbase of an average vehicle. I'm talking about...

427 new coronavirus cases reported in China 427 new coronavirus cases reported in China

Elsewhere around the world, already slumping financial markets dropped even lower on Friday, while virus fears led to emptied shops and amusement parks, canceled events, and drastically reduced trade and travel. Local transmission of the illness is n...

S&P/TSX down more than 500 points as trading resumes after outage Thursday S&P/TSX down more than 500 points as trading resumes after outage Thursday

The TSX fell as much as 585 points and was down 325 points, or 1.9 per cent, when it was halted, while the Dow Jones industrial average and the S&P 500 index both closed down 4.42 per cent after a late-day plunge. "I don't know the inside of what hap...

South Korea virus cases surge as World Health Organization sounds maximum alert South Korea virus cases surge as World Health Organization sounds maximum alert

The virus has proliferated around the globe over the past week, emerging on every continent except Antarctica, prompting many governments and businesses to try to stop people from travelling or gathering in crowded places. "What we see at the moment ...

World Health Organization raises global risk of coronavirus spread to ‘very high’ World Health Organization raises global risk of coronavirus spread to ‘very high’

In Japan, the health ministry said a British man who was on board a coronavirus-stricken cruise ship quarantined near Tokyo had died. The FDA has ramped up its laboratory testing, and more United States cases have been reported this week, some of w...

Third quarter GDP growth slows down to 4.7 per cent Third quarter GDP growth slows down to 4.7 per cent

The Reserve Bank of India (RBI) had also estimated 5 percent GDP growth for 2019-20. While Sitharaman said there was no need to immediately press the "panic button", the World Bank sees global economic growth in the first half of 2020 likely fall...

The Coronavirus Sell-Off Has Made These the Dividend Stock "Must Haves"

Sombre mood at Wall Street continued on Friday with the Dow Jones Industrial Average falling almost 1,000 points yet again. The S&P 500 lost 24 points, or 0.8%, to 2,954. After the bell, S&P 500 e-mini futures were up about 1% and the Invesco QQQ T...

Coronavirus confirmed cases rise to 2,931 in South Korea Coronavirus confirmed cases rise to 2,931 in South Korea

As many as 476 of the new cases were from southeastern Daegu city, the site of a church at the centre of the outbreak, and 60 from the nearby province of North Gyeongsang, the Korea Centers for Disease Control and Prevention (KCDC) said. Hopes that t...

Toyota invests US$400 mil in Pony.ai to deepen driverless pact Toyota invests US$400 mil in Pony.ai to deepen driverless pact

Pony.ai, co-founded by CEO James Peng, a former executive at China's Baidu, and chief technology officer Lou Tiancheng, a former Google and Baidu engineer, is testing autonomous vehicles in California , Beijing and Guangzhou. Pony.ai is developing a...

World Health Organization upgrades global risk of coronavirus spread to maximum level World Health Organization upgrades global risk of coronavirus spread to maximum level

He also explained that health officials are seeing "linked epidemics of COVID-19 in several countries", but noted that most cases can still be traced to known contacts or clusters of cases. "As long as that is the case we still have a chance of conta...

Dow Index Drops 4 Percent As Financial Markets Continue to Plummet Dow Index Drops 4 Percent As Financial Markets Continue to Plummet

But investors appear anxious anyway, and the interest rate on US government debt, which usually falls in turbulent times, lost more ground. U.S. stock markets have fallen sharply in early trading, as the rapid spread of the coronavirus outside C...

Trump administration tries to counter mainstream media coronavirus fearmongering Trump administration tries to counter mainstream media coronavirus fearmongering

The new White House approach came as the Centers for Disease Control and Prevention acknowledged Thursday that a California woman with coronavirus was made to wait days before she was tested for the disease because of the agency's restrictive cri...

GDP Growth At 4.7% In October-December, Meets Economists' Expectations GDP Growth At 4.7% In October-December, Meets Economists' Expectations

The revision for the September quarter was up sharply from the 4.5% preliminary report, which would have been the weakest growth in more than six years. According to M. Govinda Rao, Chief Economic Advisor, Brickwork Ratings: "With the government spen...

European stock markets plunge over 3pc on virus fears European stock markets plunge over 3pc on virus fears

The FTSE 100 Index closed down 3.18%, a fall of 215 points. "We don't even need to wait for economic data to see how badly the economy is being hit". The index, which measures expected swings in USA shares in the next 30 days, often shoots up to ...

SoftBank-backed food delivery service DoorDash files for IPO SoftBank-backed food delivery service DoorDash files for IPO

Yesterday, the City Council unveiled six bills to rein in on-demand food delivery companies. The Information revealed in December that the company was expecting to close the books on 2019 with a $450 million net loss on revenues of between be...

John Abraham all set to produce social entrepreneur Revathi Roy’s biopic John Abraham all set to produce social entrepreneur Revathi Roy’s biopic

Produced by JA Entertainment, Red Ice Films and Vyka Entertainment, the biopic has not set a release date as yet. Today, Roy, who was once on Fortune India's checklist of the maximum tough females in 2019, has skilled and empowered many of those fema...

Bitcoin Price (BTC) Could Resume Its Uptrend Above $10,300 Bitcoin Price (BTC) Could Resume Its Uptrend Above $10,300

On the 4-hour chart , Bitcoin bounces on the bullish trend line on two occasions. Notably, the 10-day and 50-day MA remain within the 20-day Bollinger Band width range and holds a golden crossover as the 50-day daily MA crosses above 200-day MA.

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