Saturday January 29-th, 2022

U.S. markets open flat amid unexpected rise in jobless claims U.S. markets open flat amid unexpected rise in jobless claims

Economists polled by Reuters had forecast 730,000 applications. He lauded the efforts with the vaccine, and said that this was an incredible medical breakthrough. "We are positioning for a 20 per cent stock market pullback between now and the 202...

New US jobless claims at 778000, second week of increase New US jobless claims at 778000, second week of increase

Nationally, the number continues to climb. Applications for USA state unemployment benefits unexpectedly posted the first back-to-back weekly increase since July, while Americans' incomes and savings fell last month. More than 12 million people hav...

CDC advises 'all people' to avoid cruise ships, citing COVID risk CDC advises 'all people' to avoid cruise ships, citing COVID risk

The CDC has raised their warning on boat voyages to level four, saying there could be very high levels and transmission rates of COVID-19. Currently, Carnival Cruise Line has suspended operations from all US ports until February 2021.

Should the RBI Allow Corporate Houses to Own Banks? Should the RBI Allow Corporate Houses to Own Banks?

The party accused the Modi government of pressuring RBI to make such a proposal and said it would oppose "the deeper game plan of the government". "This is a complete retrograde and it has got very serious consequences", he added. In Maharashtra, a...

U.S. stocks finish higher as energy rallies U.S. stocks finish higher as energy rallies

The President remarked that the 30,000 mark was a "sacred" milestone that economists never considered possible even in the best of financial times, much less in the thick of a pandemic. USA officials said on Tuesday they plan to release 6.4 million...

Spotify users targeted in potential fraud scheme: Report - CRN Spotify users targeted in potential fraud scheme: Report - CRN

The 72GB database contained more than 380 million Spotify users' records, including sensitive data like usernames/passwords, email Ids, country of residence, and other PII (personally identifiable information) of Spotify users. Don't assume you're ...

Early data shows Pfizer/BioNTech Covid vaccine could be 90pc effective Early data shows Pfizer/BioNTech Covid vaccine could be 90pc effective

The company made the announcement early Monday, saying they planned to submit the COVID-19 vaccine to the U.S. Food and Drug Administration for emergency use authorization after it achieves the required safety milestone of data collection next week...

Disappointment as Spending Review fails to deliver targeted support for hospitality Disappointment as Spending Review fails to deliver targeted support for hospitality

The backdrop to the latest intervention was incredibly grim forecasts from the government's fiscal watchdog, with Mr Sunak admitting borrowing is expected to hit £394billion this year as the economy shrinks by 11.3 per cent - the worst recession in m...

Janet Yellen set to become America's first female Treasury Secretary Janet Yellen set to become America's first female Treasury Secretary

The situation could be even worse by the time Yellen takes the reins. Yellen was the first woman to chair the Fed when she succeeded Ben Bernanke in 2014 , after having served as vice chair since 2010. Biden also faced pressure from the left flank o...

Oil prices rise as vaccine optimism sustains rally despite stockpile gain Oil prices rise as vaccine optimism sustains rally despite stockpile gain

British drugmaker AstraZeneca said on Monday its vaccine for the novel coronavirus, developed along with the University of Oxford, could be around 90% effective under one dosing regimen. Crude surged 4.3% on Tuesday after the triggering of a formal t...

Unemployment claim made in Scott Peterson's name Unemployment claim made in Scott Peterson's name

The California Supreme Court has ordered a lower court to re-examine the underlying conviction after it was determined a juror inappropriately withheld that she had filed for a restraining order against her then-boyfriend's ex-girlfriend.

Microsoft is giving its employees permanent 'work from home' option

According to internal guidance that was obtained by The Verge , the company is preparing to let its employees work from home with much more flexibility. According to the Verge , which that cited an internal memo, instead of cautiously reopening i...

Delhi HC grants ad-interim injunction in WhiteHat Jr defamation suit Delhi HC grants ad-interim injunction in WhiteHat Jr defamation suit

According to the lawsuit , Mr. Bajaj is seeking $2.6 million in damages. Further he has been accused of defaming and spreading misleading information about the startup and its founder, and accessing the company's private communications app.

Nifty, Sensex rise on vaccine optimism; Reliance gains Nifty, Sensex rise on vaccine optimism; Reliance gains

Reliance Industries, India's most valuable public company, advanced 2.7% after the country's competition watchdog approved its deal to buy Future Group's retail assets. However, major financial stocks declined after new recommendations by the Reserve...

Elon Musk now world's second richest person, overtakes Bill Gates Elon Musk now world's second richest person, overtakes Bill Gates

Moreover, in 2020 alone, Musk's net worth saw addition of $100.3 billion, the most for any person on the Bloomberg Billionaires Index . In January he ranked 35th. According to the Fortune report, the wealth of Bill Gates would have been much highe...

Irish PM Hopeful Of Brexit Trade Deal Outline By End Of Week Irish PM Hopeful Of Brexit Trade Deal Outline By End Of Week

Any deal would need to be approved by the EU's leaders and MEPs and reports have suggested an emergency session of the European Parliament could be held as late as December 28th to vote on it. "And the people of Australia able to get Penguins in exch...

Biden to pick Janet Yellen for Treasury secretary Biden to pick Janet Yellen for Treasury secretary

Obama originally appointed Yellen to the Fed in 2014, where she remained until early 2018. She is widely seen as an moderate candidate, though recent public statements suggest she would be much more willing to expand spending than current secretary ...

International Monetary Fund calls for expansion of debt relief beyond world’s poorest countries International Monetary Fund calls for expansion of debt relief beyond world’s poorest countries

The G20 debt relief program - launched shortly after the start of the pandemic this spring - has helped 46 of 73 eligible countries defer $5.7 billion in 2020 debt service payments, freeing up funds to fight the pandemic and shore up their economies....

Queensland to reopen border to all of NSW from December 1 Queensland to reopen border to all of NSW from December 1

Queensland Deputy Premier Steven Miles said the announcement is a "great day for Australia". "Now is the time, if you live in New South Wales, come to Queensland, start planning that holiday", Palaszczuk said. What about Victoria and South Austral...

Loblaw to test autonomous delivery vehicles in Greater Toronto Area in January Loblaw to test autonomous delivery vehicles in Greater Toronto Area in January

This is where Gatik lives and succeeds and is the reason we're able to offer immediate value to our customers . We're very proud of how we've supported our customers throughout this unpredictable year, and strengthened their supply chains with our...

Global stocks shoot up as vaccine progress, Biden transition boost confidence Global stocks shoot up as vaccine progress, Biden transition boost confidence

In Europe, the DAX in Frankfurt added 0.5 per cent to 13,200 and the CAC 40 in Paris gained 0.4 per cent to 5,517 after a survey of business activity showed a decline in November in the eurozone. Benchmark 10-year notes last fell 9/32 in price to yie...

Brent hits highest since March, spurred by coronavirus vaccine hopes Brent hits highest since March, spurred by coronavirus vaccine hopes

Traders also focused on a week of technical meetings by OPEC and its allies to prepare the ground for next week's ministerial gathering, which is set to discuss extending oil output curbs into next year due to weak demand amid a second wave of COVID-...

'Artura' name confirmed for new McLaren hybrid 'Artura' name confirmed for new McLaren hybrid

Giving the new model a word-based name separates it from the system used for the Sports Series line, which used a number-based nomenclature relating to power output. McLaren focused on new weight-saving technologies to compensate for the hybrid power...

Biden To Nominate Former Fed Chair Janet Yellen For Treasury Secretary Biden To Nominate Former Fed Chair Janet Yellen For Treasury Secretary

If approved by the Senate, Yellen would be the first woman to serve as Treasury Secretary. Later, the USA dollar index fell slightly to 92.47 after the WSJ reported that Janet Yellen was reportedly selected by Biden for the post of Treasury sec...

GM to introduce 30 EVs by 2025, here's how GM to introduce 30 EVs by 2025, here's how

Forty percent of the company's US entries will be battery electric vehicles by the end of 2025. GM's plan to offer the all-electric models will launch the EVs around the world, and more than two-thirds will be available in North America.

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