Friday September 25-th, 2020

Stocks Tank on Renewed Coronavirus Anxiety

Shares of companies in the travel and leisure industry were punished, with the S&P 500 airline index off 7.1 per cent, including a 10.3 per cent fall for American Airlines Group Inc. The International Air Transport Association also flagged a potentia...

Oyo to cut about 5,000 jobs in broad overhaul Oyo to cut about 5,000 jobs in broad overhaul

The New York Occasions reported earlier this 12 months that lots of the lodge companions of Oyo felt cheated and in dire monetary situation after the startup reneged on its dedicated guarantees. The company is also prioritizing improved relati...

OPEC Reportedly to Cut Output, but Russian Federation is the Game-Changer OPEC Reportedly to Cut Output, but Russian Federation is the Game-Changer

After meeting with his Saudi counterpart in Vienna on Wednesday, Russia's energy minister returned to Moscow for consultations but will be back in Vienna on Friday. "We are all in this together ". The announcement of the decision did not, howeve...

US Federal Reserve Cuts Interest Rate US Federal Reserve Cuts Interest Rate

But we do believe that our action will provide a meaningful boost to the economy.”. "The outlook is evolving and highly uncertain", Williams said. Sterling gained 0.4% against the greenback as expectations waned for an immediate Bank of England rate ...

RBI puts Yes Bank under moratorium, caps withdrawals at 50000 RBI puts Yes Bank under moratorium, caps withdrawals at 50000

The rating agency authorities to take steps to prevent to weakness in the bank's viability. In a statement, India's central bank said the move was necessary to quickly restore depositors' confidence in the lender after its inability to address pote...

Trump criticized after making careless comments about the coronavirus on Fox News Trump criticized after making careless comments about the coronavirus on Fox News

Trump did not say people should go to work while infected, though did suggest that it's common for people to do it. World Health Organization director Tedros Adhanom Ghebreyesus told the press Tuesday that the mortality rate for the novel coronav...

Blue Bell ice cream licker in Texas sentenced Blue Bell ice cream licker in Texas sentenced

The viral video posted by Anderson showed him opening the carton and swirling his tongue around on the ice cream. D'Adrien Anderson, 24, has been booked into jail on charges of criminal mischief for his recent ice cream-licking gimmick at a Te...

Coronavirus cases continue to rise in South Korea

Based on statistics from the KCDC released at 4 p.m. daily, there were 813 new cases from last Friday to Saturday; 586 from Saturday to Sunday; 599 from Sunday to Monday; and 851 from Monday to Tuesday. Spring semesters of all elementary, middle and ...

Starbucks bans personal cups over new coronavirus Starbucks bans personal cups over new coronavirus

Williams says the company has learned from its partners in China who were first faced with the virus. The severity of the coronavirus epidemic is pressuring companies to prioritize the health and safety of employees and customers, which has inadver...

Toyota recalls 1M more cars due to fuel pump issues Toyota recalls 1M more cars due to fuel pump issues

UMWT will officially notify all its affected vehicle owners to update the fuel pump unit at no charge. Toyota is adding 1.2 million vehicles to a major recall in the U.S.to fix possible fuel pump failures that can cause engines to stall.

How to make hand sanitizer: Create your own Purell substitute at home How to make hand sanitizer: Create your own Purell substitute at home

Health authorities including the CDC and WHO stress that the best defense against contracting any kind of virus is practicing basic hygiene like washing hands regularly and keeping hands away from your face. Be careful to keep pure alcohol away f...

IKEA chest of drawers recalled due to IKEA chest of drawers recalled due to "tip-over hazards"

The product is sold with tip-over restraints. If you have the KULLEN three-drawer chest but don't have it properly anchored to the wall, they want you to stop using it because of the tip-over hazard. The new recall comes just two months after IKEA ...

IATA counts cost of coronavirus, looks to government support IATA counts cost of coronavirus, looks to government support

The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned on Thursday, while the head of a large US airline said the drop-off in travel demand seemed driven more by fear than economics...

Ex-Uber Engineer Bankrupt After $179 Million Google Ruling Ex-Uber Engineer Bankrupt After $179 Million Google Ruling

This particular case, however, only addresses Google's contract dispute complaint. Levandowski , who left Google in January 2016, was one of the company's founders of what is now known as Waymo - Google's self-driving auto project - before movin...

Coronavirus worries hammer United States stocks - again Coronavirus worries hammer United States stocks - again

At 9:48 a.m. ET, the Dow Jones Industrial Average was down 710.78 points, or 2.62%, at 26,380.08 and the S&P 500 was down 76.15 points, or 2.43%, at 3,053.97. It pared a loss that reached 3.7% in the mid-afternoon, and it marks the eighth drop in the...

Facebook Pulls Out of South by Southwest Festival Over Coronavirus Fears

The large annual conference, also known as South by Southwest , is scheduled for March 13-22 in Austin, Texas. Facebook is pulling out of this year's South by Southwest (SXSW) music and tech festival over growing concerns about the coronavirus o...

Canopy Growth to lay off 500, close two greenhouses Canopy Growth to lay off 500, close two greenhouses

In addition, connected to the closing of the facilities, Canopy Growth said it projects it will report pre-tax charges of around $700-800 million in the quarter ending March 31. Outdoor facilities will still be maintained since Canopy Growth says it ...

NDP planning legislation to prevent governments from taking ICBC profits NDP planning legislation to prevent governments from taking ICBC profits

Meanwhile, he says the auto insurer is on pace for a surplus in the upcoming 2020-21 fiscal year. Eby criticized the previous B.C. Liberal government for taking $1.2 billion in surpluses between 2009 and 2016 from the Crown entity, which he says er...

Robinhood users miss stock rally as the trading platform seizes up Robinhood users miss stock rally as the trading platform seizes up

At 11:18 a.m. NY time, Robinhood posted a statement on the website saying "the issue has been identified and a fix is being implemented ". "We now understand the cause of the outage was stress on our infrastructure - which struggled with unprec...

USA central bank makes emergency rate cut to blunt coronavirus impact USA central bank makes emergency rate cut to blunt coronavirus impact

At his news conference, Powell said the central bank is focused on its goal of supporting the economy and added, "We're never going to consider any political considerations whatsoever". The Fed delivered an emergency rate cut earlier this week in an ...

Dow soars over 1,100 points amid Biden wins, plans for stimulus measures Dow soars over 1,100 points amid Biden wins, plans for stimulus measures

Wall Street seemed to find relief in the strong performance of former Vice President Biden in the Democratic nomination campaign. Peter McIntyre, an investment adviser at Craigs Investment Partners, said Biden was seen to be the more market-frien...

Oil producing countries eye production cuts Oil producing countries eye production cuts

OPEC, led by Saudi Arabia, and its allies in the so-called OPEC+ group - foremost among them Russian Federation - will discuss how to halt the sharp fall in oil prices in the past two months as the epidemic has spread and global oil demand has slum...

USA manufacturing activity edges up in February USA manufacturing activity edges up in February

Generally, a composite PMI above 50 points indicates that the manufacturing/non-manufacturing economy is generally expanding, 50 points indicates no change and below 50 points indicates that it is generally contracting. Rizal Commercial Banking Cor...

United States markets tumble after rate cut United States markets tumble after rate cut

Managed-care providers, threatened by Senator Bernie Sanders's "Medicare for All" platform, surged, with UnitedHealth Group Inc. and Anthem Inc. each gaining more than 9 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%...

PM says Canada working with international community on novel coronavirus PM says Canada working with international community on novel coronavirus

In a news release issued Wednesday, the Prime Minister's office said the committee will "complement the work being done by the Incident Response Group" and will meet regularly to "ensure whole-of-government leadership, coordination and preparedness f...

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