Money
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...)
- 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
- 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...)
- 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
- 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...)
- 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%
- 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...)
- 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
- 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...)
- 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
- 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 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 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...)
- 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
- 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...)
- 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
- 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...)
- 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
- 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...)
- 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
- 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...)
- 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...)
- 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
- 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...)
- 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
- 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...)
- 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...)
- 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...)
- 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
- 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...)
- 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
- 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...)
- 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
- 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...)
- 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
- 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...)
- 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...)
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