Saturday January 29-th, 2022

Amazon sees surge in Q3 earnings Amazon sees surge in Q3 earnings

The world's largest online retailer posted third-quarter revenue of US96.1 billion, up from nearly US70 billion a year earlier. Meanwhile, more than 19,000 of Amazon's United States employees contracted COVID-19, and some staff protested for site clo...

Canada’s Justin Trudeau predicts ‘tough winter,’ deaths top 10,000 Canada’s Justin Trudeau predicts ‘tough winter,’ deaths top 10,000

Trudeau said circumstances have changed since the spring, when little was known about the novel coronavirus and there was one main message: "Everyone stay home". Grab your tissues! The prime minister has delivered an emotional and passionate speech a...

Mass. Unemployment Filings On The Rise As National Claims Fall Mass. Unemployment Filings On The Rise As National Claims Fall

To date, the state has reported more than 205,000 confirmed and probable cases, including 5,256 deaths. Iowa received 4,791 unemployment claims, the most since the week of September 19 and an increase of 576 claims. Since mid-March, a total of 1,80...

South Korea's economy returns to growth amid global virus struggle South Korea's economy returns to growth amid global virus struggle

On a year-on-year basis, the economy shrank 1.3 percent in the third quarter, after declining a revised 2.7 percent in the second quarter. But Park Yang-su, head of the BOK's economic statistics department, warned that the trade-driven economy's re...

Trump instructs representatives to halt COVID-19 stimulus talks until after election Trump instructs representatives to halt COVID-19 stimulus talks until after election

Supreme Court nominee, Amy Coney Barrett . "The most important issue for them is who gets to take credit for it", Sroka added. In recent days, financial markets were hopeful that another round of economic stimulus from Congress would boost the...

COVID-19 pandemic surges, sinks United States stocks COVID-19 pandemic surges, sinks United States stocks

Nasdaq Composite slid by 426.48 points or 3.73%. Washington's failure to reach a deal on new fiscal stimulus before the November 3rd election has contributed to driving all three stock indexes to close nearly 3% lower. The worst performing sectors ...

VIX spikes to highest since June with economy threat growing VIX spikes to highest since June with economy threat growing

Tensions had already been high with less than a week before the USA vote. The VIX soared above 40 on Wednesday amid a stock rout that sent the S&P 500 Index to a plunge of about 3 per cent. The VIX of the VIX which measures the implied volatili...

US economy notches record growth in 3rd quarter US economy notches record growth in 3rd quarter

That was the fastest pace since the government started keeping records in 1947 and followed a historic shrinkage rate of 31.4% in the second quarter. The United States economy grew by over 33% between July and September, according to an estimate re...

S&P 500, Dow sink to late-Sept lows on virus woes S&P 500, Dow sink to late-Sept lows on virus woes

With just six days to the election, Wall Street's fear gauge (the VIX) spiked to its highest level since July 15, also on concerns that a victor might not be declared on the night of November 3 due to a delay in counting the huge volume of mail-in ba...

Oil plunges 5% as coronavirus cases surge, United States crude stockpiles swell Oil plunges 5% as coronavirus cases surge, United States crude stockpiles swell

On the supply side, Libya's National Oil Corp on Friday ended its force majeure on exports from two key ports and said production would reach 1 million barrels per day (bpd) in four weeks, a quicker ramp-up than many analysts had predicted.

Stocks take another big dive as surging coronavirus leads to more shutdowns Stocks take another big dive as surging coronavirus leads to more shutdowns

The S&P 500 is up 159.90 points, or 5%. New cases and hospitalizations set records in the U.S. Midwest, while concerns over a national lockdown in France and tighter restrictions in Germany sapped investor appetite for risk. The S&P 500 is down 74....

Biden hold 17-point lead over Trump in new Wisconsin poll Biden hold 17-point lead over Trump in new Wisconsin poll

The former vice president voted at the Carvel State Office Building in his hometown of Wilmington, Del., after delivering remarks about protecting the Affordable Care Act. In its report on the poll, ABC News attributes the surge to the coronavirus,...

Most EU members in support of Okonjo-Iweala — WTO Most EU members in support of Okonjo-Iweala — WTO

Many members, including China and the United States, had declined to name their preference publicly before Wednesday although some African, Caribbean and other states had voiced support for Okonjo-Iweala. The leadership void was created after outgoin...

Canada's economy won't recover from COVID-19 until 2022 | Venture Canada's economy won't recover from COVID-19 until 2022 | Venture

Its new forecast predicts an annual growth rate of only one per cent this quarter, and assumes that GDP won't return to pre-pandemic levels until 2022. "Anchoring short rates and targeting the long end with QE provides an anchor similar to yield curv...

Boeing posts fourth straight quarterly loss as sales slump amid the pandemic Boeing posts fourth straight quarterly loss as sales slump amid the pandemic

The pandemic has caused a huge drop in air travel, pushing major airlines to the brink of bankruptcy and forcing them to cut staff. Pressured by a prolonged commercial travel downturn and the hit from 737 MAX crisis, Boeing on Wednesday announced...

Harley-Davidson to ride on Hero in India Harley-Davidson to ride on Hero in India

You can also expect top-dollar trims, and knowing Harley-Davidson, the Series 1 Cycle Company may also develop a Launch Edition of sorts. That has just happened, and the local player in question happens to be the world's biggest two-wheeler manufactu...

Samsung's Lee Kun-hee leaves behind $21 billion wealth for inheritance Samsung's Lee Kun-hee leaves behind $21 billion wealth for inheritance

Lee is still facing trials, making it hard for the group's management to begin organisational changes", he said. The chairman of one of the world's biggest conglomerates died on Sunday at the age of 78, six years after a heart attack hospitalized him...

Twitter CEO Jack Dorsey’s Square Bought 4,709 Bitcoins for $50mln Twitter CEO Jack Dorsey’s Square Bought 4,709 Bitcoins for $50mln

Square believes the cryptocurrency is an economic empowerment tool and provides a way to join a global monetary system that is fit for the company's goal. In an announcement published on its official website, the company said that the bitcoins wer...

S&P 500, Nasdaq rise as earnings take centre stage S&P 500, Nasdaq rise as earnings take centre stage

Oil prices sank in response to the rising infections around the globe, which are starting to cause the reinstatement of movement restrictions in some places. The Conference Board consumer confidence reading for October is expected to nudge up to 102...

The next big tech IPO is Ant Group The next big tech IPO is Ant Group

This would break the previous record set by Saudi Aramco's IPO past year at $29 billion and set Ant's valuation at about $312 billion - 31.4 and 24.2 times the firm's 2021 and 2022 earnings forecast, according to a " Reuters " report citing unn...

Goldman Sachs Pleads Guilty to $1 Billion Bribery Scheme Charges Goldman Sachs Pleads Guilty to $1 Billion Bribery Scheme Charges

Although Goldman knew about the risks involved, the company continued to do business with 1MDB and as a result of the scheme, it received "approximately $606 million in fees and revenue, and increased its stature and presence in Southeast Asia".

Dunkin' Brands Near Deal for $9 Billion Sale to Inspire Brands Dunkin' Brands Near Deal for $9 Billion Sale to Inspire Brands

Shares of Dunkin' Brands, which has about 13,000 donut shops and 8,000 Baskin-Robbins ice cream store locations around the US, jumped 16% early Monday to an all-time high of $104.87 on news of the deal, which was first reported by the New York Tim...

Qatar signs deal with one more firm to procure Covid vaccine Qatar signs deal with one more firm to procure Covid vaccine

It's unclear when AstraZeneca will publish the results of its large ongoing trial that will help determine its vaccine's safety, but it is expected to be one of the first vaccine candidates to seek regulatory approval, Reuters reports . The two co...

Coca-Cola European bottler offers to buy Australian bottler Coca-Cola European bottler offers to buy Australian bottler

The company has 32 production facilities and operates in Australia, New Zealand, Indonesia, Fiji, Papua New Guinea and Samoa. The company changed its structure past year around more geographically-focused units. Business in the third quarter has impr...

China’s Central Bank Set to Ban Cryptocurrency Issuance China’s Central Bank Set to Ban Cryptocurrency Issuance

The digital Yuan has progressed into its advanced testing stages and while an official launch date has not been set, the PBoC is doing all it to ensure that the digital yuan gets integrated smoothly without stirring up inflation as it stated back...

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