Friday January 28-th, 2022

Ford's electric Mustang dragster covers a quarter-mile in 8.27 seconds Ford's electric Mustang dragster covers a quarter-mile in 8.27 seconds

This particular Cobra Jet is the first factory drag racer powered by electricity developed by Ford , but if things go as planned - and there's no reason to believe they won't - it probably won't be the last. "It's been a great but challenging projec...

SoftBank is the 'Nasdaq whale' that's been buying stock options SoftBank is the 'Nasdaq whale' that's been buying stock options

SoftBank is said to have acquired about $4 billion worth of call options tied to around $50 billion worth of shares in companies including Netflix Inc., Microsoft, Amazon and others. SoftBank previously focused on tech investments through its $10...

Unacademy raises $150mn funding led by SoftBank, valuation reaches $1.45 bn Unacademy raises $150mn funding led by SoftBank, valuation reaches $1.45 bn

Moneycontrol was the first to report, on July 13, that SoftBank was in talks to back Unacademy whose existing investors Sequoia Capital, Facebook , General Atlantic , Blume Ventures and Nexus Venture Partners also participated in the roun...

Trump denies calling fallen soldiers 'losers' Trump denies calling fallen soldiers 'losers'

He's demonstrated his commitment to them at every turn: "delivering on his promise to give our troops a much-needed pay raise, increasing military spending, signing critical veterans reforms, and supporting military spouses", White House communicat...

Crew member rescued from raft after ship capsized in storm off Japan Crew member rescued from raft after ship capsized in storm off Japan

Mr Sareno told the Coast Guard one of the ship's engines lost power before the vessel was hit by a wave and capsized before sinking. Two of the crew members were from New Zealand , two were from Australia and 39 were from the Philippines , CN...

London jobless rate improves for second straight month as recovery continues London jobless rate improves for second straight month as recovery continues

That's down from 10.5 per cent in July. An unexpectedly steep drop in the USA unemployment rate last month looks to offer fresh ammunition for President Donald Trump as he stumps for votes contending he is the better choice for the US economy in th...

The Jeep Wrangler 4xe plug-in hybrid is a stealth off-roader The Jeep Wrangler 4xe plug-in hybrid is a stealth off-roader

All three, including the Renegade and Compass, will enter the US, Chinese and European markets by early 2021. Jeep did not reveal many specific details about the model, which is expected to begin production in 2021. Like other Wranglers, the elect...

Dow Jones plummets 800 points in worst single-digit day since June Dow Jones plummets 800 points in worst single-digit day since June

Investors have been betting technology companies will keep making huge profits as people spend even more time online with their devices during the pandemic, making new market darlings of companies like Zoom Video Communications as many Americans work...

Oil Prices Slide Again As US Data Feeds Fuel Demand Worry Oil Prices Slide Again As US Data Feeds Fuel Demand Worry

Crude inventories USOILC=ECI fell by 9.4 million barrels in the last week to 498.4 million barrels, a far steeper dive than the 1.9 million-barrel drop that analysts expected in a Reuters poll. Prices were pressured by a report showing U.S. job growt...

Fed: US recovery uneven, gains modest Fed: US recovery uneven, gains modest

The Fed report made public Wednesday said that a theme echoed across the country is the lingering uncertainty stemming from the pandemic and its negative effect on consumer and business activity. "In addition, it vowed to continue to keep rates low u...

MacKenzie Scott has become the world's richest woman

Scott added another US$30.3 billion ($44.8b) to her bank balance in the past year, taking her net worth to a staggering US$67.4b ($99.7b), according to Bloomberg Billionaires Index . Within a few days, however, Scott's Amazon stake had seen her make...

Job Gains Slowed Again In August As Employers Add 1.4 Million Jobs Job Gains Slowed Again In August As Employers Add 1.4 Million Jobs

The number of Americans filing new claims for unemployment benefits fell more than expected last week to about 880,000 - a sign of possible improvement amid the coronavirus pandemic. "The fact that we still have all these people in the system looki...

Economy added 246000 jobs in August, unemployment rate 10.2% Economy added 246000 jobs in August, unemployment rate 10.2%

That left Indigenous people with an employment rate at 91.4 per cent of February levels, compared to 96.7 per cent for non-Indigenous Canadians, Statistics Canada says. Ford is offering buyouts to try to shrink its United States white-collar workforc...

U.S. Private Payrolls Grow, Fall Short of Projections U.S. Private Payrolls Grow, Fall Short of Projections

On the flip side, the goods producing sector added back only 40,000 jobs overall, with the majority of those gains coming from construction. USA private employers hired fewer workers than expected for a second straight month in August, suggesting...

Unemployment rate falls to 8.4% Unemployment rate falls to 8.4%

The unemployment rate sat at 3.5% in February, a half-century low, before the crisis began. While the monthly snapshot from the Labor Department shows improvement, job growth has slowed since June, in a sign of what could be a long and painful reco...

Jeep's first electric vehicles include an e-bike and hybrid Wrangler Jeep's first electric vehicles include an e-bike and hybrid Wrangler

Powered by the same 206kW/347Nm 3.6-litre V6 petrol engine as the rest of the range, the Sport S defies its more affordable price point - in relation to the MY20 range - by coming as standard with LED exterior lighting, keyless entry, fourth-generati...

US budget deficit to hit record $3.3T due to virus, recession US budget deficit to hit record $3.3T due to virus, recession

The amount of debt held by the USA government will roughly equal the size of the entire American economy, as the nation's fiscal imbalance surges in response to the coronavirus pandemic, the nonpartisan Congressional Budget Office said on Wedne...

How popular is Eat Out to Help Out? How popular is Eat Out to Help Out?

As the campaign ends on 31st August, Deliveroo will pick up the baton and continue this drive to support local restaurants, with full support from Chancellor Rishi Sunak . Deliveroo CEO Will Shu believes the scheme would be important to helping busi...

Stock slide to extend in Asia; Nasdaq futures fall Stock slide to extend in Asia; Nasdaq futures fall

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%. Eastern time, on track for its biggest drop since June, and the tech-heavy Nasdaq fell 4.8%. He said investors "are in love with tech stocks and it's going to take more than this...

Coronavirus: Portugal to be added to Scottish quarantine list Coronavirus: Portugal to be added to Scottish quarantine list

And travellers from Gibraltar have been warned that the territory was "high up our watch list" by Justice Secretary Humza Yousaf . Scotland's chief medical officer, Dr Gregor Smith said: "There is a compelling public health risk around the importa...

France unveils EUR100 bln stimulus to revive economy, EUR/USD keeps lows France unveils EUR100 bln stimulus to revive economy, EUR/USD keeps lows

About €35bn has been earmarked for projects to make the economy more competitive, and €30bn will be used on greener energy policies. "Economically and socially it is infinitely better to temporarily worsen the pubic finances to invest, re-arm the e...

Hyundai Kona Facelift Revealed Along With New N Line Variant Hyundai Kona Facelift Revealed Along With New N Line Variant

In terms of looks, designers have been careful to retain a few of the Kona's signature styling cues - primarily the split headlight arrangement - while ushering in a new design language aimed at making the compact crossover sleeker and more sophist...

USA trade deficit surges in July to highest in 12 years USA trade deficit surges in July to highest in 12 years

Canada's trade deficit grew to C$2.45 billion ($1.87 billion) in July as both imports and exports continued to recover from the lifting of restrictions put in place to tackle the coronavirus, Statistics Canada said on Thursday. But despite a number o...

Biden to visit Kenosha today, meet with the family of Jacob Blake Biden to visit Kenosha today, meet with the family of Jacob Blake

Mr Biden, Democratic presidential challenger, will hold a community meeting to "bring together Americans to heal and address the challenges we face", as protests continued to rage in Wisconsin and Los Angeles in the wake of police shootings.

Weekly jobless claims fall to 880,000, but layoffs remain high Weekly jobless claims fall to 880,000, but layoffs remain high

But beginning this week, the department tweaked the way it adjusts its calculations to account for seasonal changes, thereby making it hard to compare last week's figure with previous weeks'. On an unadjusted basis - or before any seasonal adjustment...

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