Money


Virus cases in Russia rise by record, mortality slows Virus cases in Russia rise by record, mortality slows
- May 03, 2020

The death toll nationwide rose to 1,222 after 57 people died in the last 24 hours, Russia's coronavirus crisis response centre said, after revising the previous day's tally. Sobyanin said there had been progress in expanding testing, allowing the authorities to treat those in need more quickly. The number of confirmed coronavirus cases here is rising steadily each day. (more...)
Justice Department investigating fed's $670B Paycheck Protection Program Justice Department investigating fed's $670B Paycheck Protection Program
- May 03, 2020

JPMorgan Chase said on Friday that it had received about $ 15 billion in the second round of funding for the paycheck protection program , including about $ 8.4 billion for small businesses in the tri-state area. But for local business owners, it's just the money that matters most. The loans, part of the government's $2 trillion relief coronavirus relief package, are meant to help businesses hit hard by the virus retain their workers or rehire those who were laid off. (more...)
Coronavirus: US airlines mandating facial coverings for all passengers Coronavirus: US airlines mandating facial coverings for all passengers
- May 03, 2020

Representative Peter DeFazio, who chairs the House Transportation Committee, called on the FAA Wednesday to "require masks or other face coverings for all crewmembers and passengers on USA flights" and to require airlines 'adopt reasonable, sound procedures for ensuring that passengers are spaced at safe distances from one another'. (more...)
McDonald : Sales Drop 6% McDonald : Sales Drop 6%
- May 03, 2020

McDonald's is temporarily changing how restaurants get their supply of beef and pork, as the USA faces potential meat shortages due to slaughterhouse closures. Meanwhile, same-store sales fell 34.7% in March in its global operated markets segment, which includes France, Italy and the UK. Kempczinski also said that he will be reducing his salary by half until at least September 30, and four other execs would also be taking 25% salary cuts. (more...)
Government Subsidies Drive Tesla To Lower Model 3 Price In China Government Subsidies Drive Tesla To Lower Model 3 Price In China
- May 03, 2020

Earlier this month , market analyst Wood Mackenzie said that after yet another record year for global electric auto sales in 2019, it expected sales to plummet 43 per cent this year due to low oil prices, supply chain delays, and consumers putting off new purchases. (more...)
Oil rallies to end a volatile month on a high note Oil rallies to end a volatile month on a high note
- May 03, 2020

Brent , the worldwide benchmark, is on track to gain about 12% in April after falling more than 65% over the prior three months. West Texas Intermediate ( WTI ) crude futures climbed to $17.11 a barrel, up 13.6 per cent or $2.05 at 0840 GMT. (more...)
May Day protesters in the US call for economic help May Day protesters in the US call for economic help
- May 03, 2020

When the clock struck midnight on May 1 - International Workers Day - the company's policy giving unlimited unpaid time off for workers ended. Essential workers at several major retailers will reportedly strike across the country Friday on May Day to protest working conditions during the coronavirus pandemic. (more...)
COVID-19 to cause record emissions fall in 2020: IEA COVID-19 to cause record emissions fall in 2020: IEA
- May 03, 2020

Birol said that the decline - the result of a health crisis and economic shock - was "nothing to cheer". World Nuclear Association Director General Agneta Rising said, "The IEA report is right to conclude that a coordinated policy effort will be needed to harvest opportunities including moving towards a more modern, cleaner and resilient energy sector for all". (more...)
Warren Buffett: 'American magic' will spur United States economic recovery Warren Buffett: 'American magic' will spur United States economic recovery
- May 03, 2020

Warren Buffett, CEO of Berkshire Hathaway, told shareholders on Saturday that he sold $6 billion in airline stock -the company's entire equity position in USA airlines. The company shifted to an online meeting and cancelled all the events surrounding the meeting because of the coronavirus outbreak. Berkshire Hathaway is sitting on a pile of more than $137bn of cash because Mr Buffett has struggled to find major acquisitions at suitable valuations recently. (more...)
97 new COVID-19 cases in Alberta as some services reopen 97 new COVID-19 cases in Alberta as some services reopen
- May 03, 2020

Vehicles will have access to parking lots in parks and public lands, and several boat launches will open Friday. Scheduled and non-urgent surgeries may start on May 4 along with dental care, physiotherapy, speech pathology, social work, dieticians, other forms of therapy. (more...)
Up to 3000 jobs to go at Ryanair Up to 3000 jobs to go at Ryanair
- May 03, 2020

The statement went on: "Ryanair entered this unprecedented Covid-19 crisis with nearly 4 billion euros (£3.5 billion) in cash, and we continue to actively manage these cash resources to ensure that we can survive this Covid-19 pandemic, and more importantly the return to lower fare flight schedules as soon as possible". (more...)
Buffett's Berkshire Hathaway posts record loss on coronavirus, but operating profit rises
- May 02, 2020

The company shifted to an online meeting and cancelled all of the events surrounding the event because of the coronavirus outbreak. Vice Chairman Charlie Munger told The Wall Street Journal last month that a few small Berkshire businesses might close altogether. (more...)
Berkshire Hathaway didn't buy the coronavirus dip Berkshire Hathaway didn't buy the coronavirus dip
- May 02, 2020

Visit Business Insider's homepage for more stories . Warren Buffett's Berkshire Hathaway spent the first quarter, a period of historic turmoil fueled by COVID-19, stockpiling cash to record proportions, public filings show. The year before, Berkshire's investments added $15.5bn to the company's profits. The company shifted to an online meeting and cancelled all of the events surrounding the event because of the coronavirus outbreak. (more...)
Lyft Laying Off 17% of Employees Lyft Laying Off 17% of Employees
- May 02, 2020

The company said it estimates to incur about $28 million to $36 million of restructuring charges, primarily related to the layoffs, according to a regulatory filing . "The pandemic began to have a negative impact on business trends, including ride volumes, in mid-March, which has continued into April", it said in a financial release . (more...)
Buffett’s Berkshire posts record net loss on Covid-19, operating profit rises
- May 02, 2020

Quarterly operating profit, which Buffett considers a better performance measure, rose 6 percent to $5.87 billion from $5.56 billion. This causes huge swings in Berkshire's net results that Buffett considers meaningless. While Berkshire's operating earnings climbed in the first quarter, Buffett warned of pain from the virus's fallout. Buffett will host the annual meeting starting at 3:45 p.m.in Omaha with key deputy Greg Abel by his side. (more...)
Coronavirus Origin: Trump Has Seen Evidence COVID-19 Came From Wuhan Lab
- May 02, 2020

Speaking at the White House the USA president said: "It's a bad thing that happened". Trump claimed Thursday that he had seen proof that the Wuhan Institute of Virology was actually the source of the outbreak, although he refused to give details. (more...)
House panel demands that Bezos testify on whether Amazon misled Congress House panel demands that Bezos testify on whether Amazon misled Congress
- May 02, 2020

The letter from Congress requested that Bezos testify on these issues before the antitrust subcommittee. Amazon has also faced similar challenges in France, where the company has been directed by courts to only stick to delivering essential products. (more...)
Several medical services reopening Monday, retail stores could follow by mid-May Several medical services reopening Monday, retail stores could follow by mid-May
- May 02, 2020

The province announced Thursday afternoon three stages of progressive changes to the COVID-19 restrictions that have limited Albertans' activities and movements since the pandemic began. In a statement provided to CBC News on Friday, Timothy Carter, a spokesperson with Amazon, said the company was following guidelines from health officials and taking "extreme measures" to ensure the facility is safe. (more...)
Elon Musk Tweets Tesla’s Stock Price Is Too High Elon Musk Tweets Tesla’s Stock Price Is Too High
- May 02, 2020

Musk reportedly owns at least six houses in the Los Angeles area and one in northern California. " Tesla stock price is too high imo". ETFs with large allocations of Tesla , such as the First Trust NASDAQ Global Auto Index Fund (CARZ ) and the Global X Lithium ETF (LIT ) are down 4.63% and 5.39% respectively on the news, as the benchmark stock indexes continue to plunge. (more...)
Nio thrown a lifeline by Chinese state-owned entities Nio thrown a lifeline by Chinese state-owned entities
- May 02, 2020

Having secured a new financial lifeline, the company reassured these consumers that its existential crisis is over. A year ago, Nio reported its co-founder was to leave the company, and not long after that, it laid off 1,200 employees. NIO's major rival, EV maker Tesla, now poses a mounting threat to the company as the California-based automaker has begun production at its Shanghai Gigafactory, allowing for further price cuts . (more...)

« previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 1016 1017 1018 1019 1020 1021 1022 1023 1024 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 1067 1068 1069 1070 1071 1072 1073 1074 1075 1076 1077 1078 1079 1080 1081 1082 1083 1084 1085 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 1193 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 1205 1206 1207 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 1258 1259 1260 1261 1262 1263 1264 1265 1266 1267 1268 1269 1270 1271 1272 1273 1274 1275 1276 1277 1278 1279 1280 1281 1282 1283 1284 1285 1286 1287 1288 1289 1290 1291 1292 1293 1294 1295 1296 1297 1298 1299 1300 1301 1302 1303 1304 1305 1306 1307 1308 1309 1310 1311 1312 1313 1314 1315 1316 1317 1318 1319 1320 1321 1322 1323 1324 1325 1326 1327 1328 1329 1330 1331 1332 1333 1334 1335 1336 1337 1338 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 1349 1350 1351 1352 1353 1354 1355 1356 1357 1358 1359 1360 1361 1362 1363 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 1386 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 1404 1405 1406 1407 1408 1409 1410 1411 1412 1413 1414 1415 1416 1417 1418 1419 1420 1421 1422 1423 1424 1425 1426 1427 1428 1429 1430 1431 1432 1433 1434 1435 1436 1437 1438 1439 1440 1441 1442 1443 1444 1445 1446 1447 1448 1449 1450 1451 1452 1453 1454 1455 1456 1457 1458 1459 1460 1461 1462 1463 1464 1465 1466 1467 1468 1469 1470 1471 1472 1473 1474 1475 1476 1477 1478 1479 1480 1481 1482 1483 1484 1485 1486 1487 1488 1489 1490 1491 1492 1493 1494 1495 1496 1497 1498 1499 1500 1501 1502 1503 1504 1505 1506 1507 1508 1509 1510 1511 1512 1513 1514 1515 1516 1517 1518 1519 1520 1521 1522 1523 1524 1525 1526 1527 1528 1529 1530 1531 1532 1533 1534 1535 1536 1537 1538 1539 1540 1541 1542 1543 1544 1545 1546 1547 1548 1549 1550 1551 1552 1553 1554 1555 1556 1557 1558 1559 1560 1561 1562 next »