Wednesday January 26-th, 2022

USA stocks fall amid earnings USA stocks fall amid earnings

Treasury prices and yields move in opposite directions. Wall Street's benchmark S&P 500 index closed down 0.7% on Wednesday after Treasury Secretary Steven Mnuchin said he and congressional leaders were "far apart" on new aid for the struggling U...

Lucid Air reveals price and range for its cheapest EV Lucid Air reveals price and range for its cheapest EV

The Tesla Model S is about to get a bit less expensive. Their price? $69.420. Why the extra digit? Those last three numbers referred to Musk's 2018 tweet about taking Tesla private at $420 a share, which ended up in a massive fine from the S...

Bored with your flat-pack furniture? Ikea will buy it back Bored with your flat-pack furniture? Ikea will buy it back

People exhausted of their flat pack IKEA dressers, drawers, cabinets and tables will now be able to sell them back to the furniture retailer for resale in its stores as secondhand. (The vouchers can be used at any point in the future, because the c...

Carnival Cruise Line Cancels Miami and Port Canaveral Cruises Carnival Cruise Line Cancels Miami and Port Canaveral Cruises

With cruise lines still suspending operations until December 2020 and for many even longer it comes as no surprise that Miami-Dade County Mayor Carlos A. "Cruises now scheduled for December from those two homeports remain in place for the time being ...

New U.S. Jobless Claims Rise Sharply to 898000 Last Week New U.S. Jobless Claims Rise Sharply to 898000 Last Week

Jobless claims unexpectedly rose last week. The report comes a day after Treasury Secretary Steven Mnuchin quashed hopes for additional aid to support the faltering economic recovery before the election. Nationwide, on average, unemployment benefit...

Sensex Sinks 1,066 Pts As Europe Battles Second Wave Of Coronavirus Sensex Sinks 1,066 Pts As Europe Battles Second Wave Of Coronavirus

On the other hand, Asian Paints, HDFC and Hero MotoCorp, up 1.74 per cent, 1.72 per cent and 1.61 per cent respectively, were the top Nifty gainers. However, the stocks trading with a negative bias were Tech Mahindra, Wipro, HCL Tech, TCS and ITC.

Australia's unemployment rate edges up to 6.9% in Sept Australia's unemployment rate edges up to 6.9% in Sept

The latest unemployment figures were slightly better than forecasts of 7 per cent, but underlying figures suggest enduring economic pain. Nearly one million Australians have lost their jobs and many more have been forced to take pay cuts or seen ho...

IPhone 12 Is Out - But Without Earbuds or Adapter? | IE IPhone 12 Is Out - But Without Earbuds or Adapter? | IE

The mid-range model, named simply the iPhone 12, will be priced from £799 in the United Kingdom and US$799 in the U.S. and will be available from October 23. What's new with the iPhone 12 range? . You can pre-order the iPhone 12 and iPhone 12 Pro ...

Social Security Announces 1.3 Percent Benefit Increase For 2021 Social Security Announces 1.3 Percent Benefit Increase For 2021

The October 13 announcement of the 1.3% hike in benefits is in line with what most Social Security watchers expected . Social Security payments will increase by 1.3%. Department of Labor's Bureau of Labor Statistics. If prices don't increase a...

Singapore Airs A380 restaurant tickets sold within 30 minutes of opening Singapore Airs A380 restaurant tickets sold within 30 minutes of opening

When asked if it plans to extend the onboard dining experience due to the keen interest from the public, it said: "We are now looking into accommodating all who have made reservations, as well as potentially some of those on the waitlist , for this ...

Oil rises on boost from strengthening equities Oil rises on boost from strengthening equities

Perhaps we saw an overreaction to the IEA report on Wednesday. "Therefore, despite the initial enthusiasm, we find that the uptick in oil prices today is unjustified". OPEC and producer allies such as Russian Federation, a group known as OPEC+, will ...

Singapore's economy contracts 7% in Q3 Singapore's economy contracts 7% in Q3

Meanwhile, the Monetary Authority of Singapore on Wednesday kept its monetary policy unchanged. The services producing industries contracted by eight per cent on a year-on-year basis in the third quarter, an improvement from the 13.6 per cent dec...

Energy demand, emissions, investments set to fall due to Covid-19: IEA Energy demand, emissions, investments set to fall due to Covid-19: IEA

Solar PV is now consistently less expensive than new coal or gas-fired power plants in most countries, and solar projects now offer some of the lowest-cost electricity ever seen. If Covid-19 recovery happens in 2021, coal demand will continue to fa...

International Monetary Fund estimates growth contraction of 3% for sub-saharan Africa International Monetary Fund estimates growth contraction of 3% for sub-saharan Africa

Revisions to the forecast are particularly large for India, where GDP contracted much more severely than expected in the second quarter. The WEO report 2020 this year is titled "a long and hard ascent", which said that advanced economies were rec...

UK unemployment rate hits highest level in 3 years UK unemployment rate hits highest level in 3 years

Some 1.2 million employers have taken advantage of the program to furlough 9.6 million people at a cost to the government of almost 40 billion pounds ($52 billion). Prime Minister Boris Johnson introduced a new system of restrictions for England on M...

Chancellor extends Job Support Scheme Chancellor extends Job Support Scheme

New research has found that only 230,000 jobs will be saved by the Chancellor's new job support schemes in the coronavirus pandemic while predicting that just under two million people in otherwise viable work will be made unemployed. The expansio...

Australia is investigating claims that China has banned lucrative coal imports Australia is investigating claims that China has banned lucrative coal imports

Australia on Tuesday (Oct 13) called for China to clarify whether restrictions have been placed on the import of Australian coal, a move that would deal a serious blow to the country's already struggling economy . Annual exports earnings in that mar...

JPMorgan Chase earnings rise, avoids more reserves for bad loans JPMorgan Chase earnings rise, avoids more reserves for bad loans

Investors are looking to earnings season to provide a spark for equity markets amid the dwindling prospects for more USA economic stimulus before next month's election. The firm generated revenue of $29.94 billion, about $1.5 billion more than what a...

A collapse of global tax talks could cost $100 billion, says OECD A collapse of global tax talks could cost $100 billion, says OECD

Under the envisaged rules, global tech giants that generate revenue by offering consumer products or digital services will be taxed based on their sales, even in countries where they are not physically present. The aim of the two pillars is to ensu...

How major U.S. stock indexes fared Tuesday How major U.S. stock indexes fared Tuesday

The company said the study was paused "out of an abundance of caution". Elsewhere in the corporate space, Johnson & Johnson, which also posted earnings on Tuesday, revealed that it had paused its Covid-19 vaccine study after one of the trial's pa...

Let's Form New Deal or No State Tax Credits — Message to Foxconn Let's Form New Deal or No State Tax Credits — Message to Foxconn

The deal to build the facility was struck in 2017 by former Republican Gov. Scott Walker, and has been touted by President Trump as a victory for the US manufacturing sector. Foxconn responded to the news outlet, calling Wisconsin's statement a "di...

Apple Launches New iPhone 12 Pro Line With Upgraded Cameras, LiDAR Sensor Apple Launches New iPhone 12 Pro Line With Upgraded Cameras, LiDAR Sensor

That's the Galaxy Note 20 Ultra next to the Sony Xperia Z3 Compact, which happens to be almost the same size as the iPhone 12 Mini (the Z3 Compact is just 4mm shorter). The only differences between the iPhone 12 mini and the iPhone 12 is ph...

MPs reject Ag Bill amendment MPs reject Ag Bill amendment

Neil Parish, the Conservative chairman of the Commons Environment, Food and Rural Affairs Select Committee, told the Commons that Brexit meant United Kingdom agriculture could move in a "much more environmental direction", including planting more...

Amazon Prime Day 2020 deals

Sony is one of the most reputable names out there, and right now, you can save up to $800 on some of the company's 4K Android TVs from Amazon and Best Buy - including both OLED and LED options. Verdi said it was organising the two-day strike as par...

HomePod Mini revealed at October Apple Special Event HomePod Mini revealed at October Apple Special Event

Apple announced the iPhone 12 with 5G, making it the company's first of its kind. Visit MarketWatch.com for more information on this news. The iPhone 12 Pro and Pro Max can grade all frames in Dolby Vision , live, while recording. Thanks to ...

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