Money


Apple Co-Founder Sues YouTube, Google For 'Promoting' Bitcoin Giveaway Scams Apple Co-Founder Sues YouTube, Google For 'Promoting' Bitcoin Giveaway Scams
- July 26, 2020

It's true that Twitter quickly quelled the bitcoin scams that came directly from the hacked high-profile accounts. Other famous tech entrepreneurs include Elon Musk , Bill Gates , and Michael Dell . On Tuesday, Wozniak and 17 victims of the fraud filed a lawsuit against YouTube, demanding the platform remove the Bitcoin scam videos and pay damages. (more...)
Grimes Slams Baby Daddy Elon Musk After He Tweets 'Pronouns Suck' Grimes Slams Baby Daddy Elon Musk After He Tweets 'Pronouns Suck'
- July 26, 2020

This is just one of a number of Musk's tweets that have sparked a backlash in the past 24 hours. He also added the emoji to his handle. In a now-deleted comment to the post, Elon Musk's GF Grimes seems to have given an earful to the father of her child. (more...)
US Stocks Fall on Worsening China Tensions US Stocks Fall on Worsening China Tensions
- July 26, 2020

Markets fell more sharply across Asia and Europe after China ordered the closure of the USA consulate in the western city of Chengdu. High-flying companies Apple Inc and Microsoft Corp, which were pivotal in driving the stock market's recovery in recent months, fell 0.5% and 0.3% respectively. (more...)
Gold hits all-time high at Rs117,300 per tola Gold hits all-time high at Rs117,300 per tola
- July 26, 2020

Increasing signs that the prolonged pandemic is stalling an economic recovery and the recent spat between China and the USA are underpinning the metal's appeal. Gold's rally may extend into 2021 "on dollar wobbles amid rising geopolitical risks in a lower-for-longer interest-rate environment", Eily Ong, an analyst at Bloomberg Intelligence, wrote in a note. (more...)
Ann Taylor, Lane Bryant owner files Chapter 11 bankruptcy Ann Taylor, Lane Bryant owner files Chapter 11 bankruptcy
- July 25, 2020

Crew, Neiman Marcus Group, J.C. Penney Co., Lucky Brand, Stage Stores and GNC. The parent company of clothing stores Ann Taylor, Justice and Loft says it will be closing all of its Canadian locations as part of Chapter 11 bankruptcy proceedings. (more...)
Alexa set to debut new capabilities on iOS and Android apps Alexa set to debut new capabilities on iOS and Android apps
- July 25, 2020

Well if you are that lazy then Amazon is all ready to make that possible with Alexa voice assistant - with hopes of coming on top as a preferred option for all smartphone users, of course when compared with Apple's Siri and Google Assistant. (more...)
BMW X7 Dark Shadow Edition debuts - 500 units only BMW X7 Dark Shadow Edition debuts - 500 units only
- July 25, 2020

Called the Shadow Edition, it is limited to just 500 units worldwide. Its official title is the BMW X7 "Dark Shadow Edition , ' which is, according to the folks over at the German brand, the first 'Edition" model of the big, V8-powered SUV. (more...)
Hong Kong: Stocks start with losses Hong Kong: Stocks start with losses
- July 25, 2020

Those losses outweighed gains by companies that rely on consumer spending, including Olive Garden owner Darden Restaurants, homebuilder PulteGroup and retailers Target and Best Buy. Investors are now looking to China's reaction, with China condemning the closure and reportedly considering a retaliatory closure of the USA consulate in Wuhan. (more...)
Oil prices turn negative on US-China tensions, corona cases Oil prices turn negative on US-China tensions, corona cases
- July 25, 2020

This weakening of the dollar offset low demand experienced from the rising COVID-19 cases. USA crude's recovery from negative territory in April has largely stalled as futures trade range-bound this month amid signs the pandemic is flaring up again around the world. (more...)
Pelosi and Schumer blame Republicans' Pelosi and Schumer blame Republicans' "disarray and delay" for unemployment brinkmanship
- July 25, 2020

What they're saying: "This weekend, millions of Americans will lose their unemployment insurance, will be at risk of being evicted from their homes, and could be laid off by state and local government, and there is only one reason: Republicans have been dithering for months while America's crisis deepens", they said in a statement . (more...)
Despite Trump's Veto Threat, Senate Approves Provision To Rename Military Bases Despite Trump's Veto Threat, Senate Approves Provision To Rename Military Bases
- July 25, 2020

Republicans were expected to announce a $1 trillion COVID rescue package on Thursday afternoon. However, neither Mnuchin nor White House Chief of Staff Mark Meadows were willing to divulge details on which provisions, exactly, the stimulus bill contains. (more...)
Ant Group unveils new blockchain brand Ant Group unveils new blockchain brand
- July 25, 2020

Ant Group also unveiled a product called AntChain Station, a workstation that is the size of a laptop computer and combines built-in software with a hardware accelerator. This is convenient compared to the previous setup time of 10 hours. With AntChain Station, enterprise clients can rapidly deploy and use blockchain technologies . (more...)
Pandemic pushes South Korea into recession as GDP contracts 3.3% in Q2 Pandemic pushes South Korea into recession as GDP contracts 3.3% in Q2
- July 24, 2020

In year-on-year terms, GDP fell by 2.9 percent, the biggest fall since the fourth quarter of 1998 and also worse than a 2.0 percent decline seen in the poll. Manufacturing fell by nine per cent, owing to a decrease in transportation equipment and computer and electrical product making. Due to the pandemic, export demands fell drastically for cars and petrochemicals, however, investments in factories and construction fell into contraction as well. (more...)
Friends keep promise from nearly 30 years ago, split $22 million jackpot
- July 24, 2020

The two men live in the Menomonie area of the USA state of Wisconsin. The pair have been playing Powerball since it arrived in Wisconsin in 1992 and shook hands on an agreement that should either ever win big, they would split the cash between them. (more...)
US Stocks Drop With Dow Falling More Than 350 Points US Stocks Drop With Dow Falling More Than 350 Points
- July 24, 2020

The Dow Jones Industrial Average fell 353 points, or 1.31%, to 26,652, the S&P 500 decline 1.23% and the Nasdaq fell 2.29%. Stocks came under pressure on Thursday and finished the trading session near intraday lows. The precious metal was last at $1,892.32 an ounce for its biggest weekly gain in four months as it held firm near a nine-year high. Deaths in the USA have risen to 143,701, also the most in the world. (more...)
SpiceJet allowed to operate flights between India, US SpiceJet allowed to operate flights between India, US
- July 24, 2020

Budget carrier SpiceJet on Thursday said it has been designated as the "Indian scheduled carrier", to operate flights to the US. On Tuesday, Air India pilots received only 25% of their monthly emoluments as the airline chose to implement pay cuts with retrospective effect from April 1. (more...)
More than 25K unemployment claims filed last week in Tennessee More than 25K unemployment claims filed last week in Tennessee
- July 24, 2020

New weekly claims for unemployment insurance in Washington edged downward last week, but that's probably not a sign of any real recovery for the state's battered job market. And it comes as initial jobless claims rose nationally by 8.3% to 1.4 million, the U.S. Labor Department reported. Approximately 50 million US workers have filed for unemployment insurance at some point since March and at least 16 million workers are still receiving benefits. (more...)
United Kingdom is making post-Brexit trade deal 'unlikely', Michel Barnier warns United Kingdom is making post-Brexit trade deal 'unlikely', Michel Barnier warns
- July 23, 2020

Speaking to BBC's World at One, Mr Bowie said: "We have made it very clear that our determination is to become an independent coastal state again with our seat at the table when it comes to negotiating access to British waters". "The progress is genuine", one senior United Kingdom government official involved in the talks told reporters. 'Number two; the right to determine future United Kingdom laws without constraints. (more...)
JobKeeper payments fall as scheme extends JobKeeper payments fall as scheme extends
- July 23, 2020

Will that mean working isn't worth it for some workers? They will have to prove they satisfy that condition once more when the JobKeeper rates change again in January. Scaremongering about the cliff people would fall off when the payments came to their initial legislated end in September began nearly as soon as they were announced. (more...)
Crude oil prices gain, despite surge in US oil inventories Crude oil prices gain, despite surge in US oil inventories
- July 23, 2020

The average price of West Texas Intermediate Crude Oil at the New York Mercantile Exchange (NYMEX) settled at $38.49 per barrel, an increase of $9.33 only. Analysts, however, cautioned about the fragile nature of the oil market, raising concerns that strong demand from China could dry up in coming months. (more...)

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