US Unemployment Claims Hit 33.3 million Amid Virus
A further 3.2 million Americans sought unemployment benefits last week as the economic toll from the coronavirus pandemic continued to…
Day: May 7, 2020
South African MPs’ Zoom Meeting Hacked With Porn
A virtual meeting held by a South African parliamentary committee has been hacked and the speaker abused. The programming committee’s…
Wave of U.S. Bankruptcies Builds Toward Worst Run in Many Years
First, J. Crew. Now Neiman Marcus. Flashing red: J.C. Penney, Hertz and many more. Get ready for what could be…
NY Gov. Cuomo Says He Won’t Sacrifice Human Lives to Reopen The Economy
New York Gov. Andrew Cuomo said Thursday that he’s not willing to trade people’s lives to reopen the state’s economy, saying it’s…
Oil Slips With Glut Concerns Reversing Saudi Price Hike Boost
Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike.…
Facebook Will Allow Most Employees To Work From Home Through End Of 2020
Facebook CEO Mark Zuckerberg will announce Thursday that most of its employees will be allowed to continue to work from home…
Wall Street Gets PayPal Lift As Nasdaq Wipes Out 2020 Declines
Wall Street’s indexes climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports…
Uber Posts $2.9 billion Loss, But Sees Encouraging Signs In Reopening Markets
Uber Technologies Inc (UBER.N) said on Thursday it saw encouraging signs in markets hit by the coronavirus epidemic as it…
Dropbox Quarterly Revenue Beats Estimates
Dropbox Inc’s (DBX.O) quarterly revenue beat Wall Street estimates on Thursday, as the file-hosting company signed up more paying customers…
Why Disney+ Is Now A Blessing And A Burden For Disney
The coronavirus pandemic hobbled Disney’s media empire — except for one, major success story: Disney+. The company’s new streaming service,…
The US Is Becoming The King Of Debt. It’s A Necessary Risk
President Donald Trump is living up to his self-given nickname “King of Debt.” On his watch, the United States has…
Nintendo Profits Soar 41%, Mainly From ‘Animal Crossing’
The success of the Nintendo Switch during the coronavirus pandemic propelled the Japanese video company to a banner year. Nintendo…
Nigeria: Despite Lockdown, Stock Market Investors Gain N897bn
Notwithstanding the lockdown the Nigerian economy witnessed in April over the ravaging CODIV-19 pandemic, the stock market, boosted by the…
Aviation Industry – The Shape Of Things To Come
Things have fallen apart in global aviation since COVID-19 pandemic enveloped the sector. Airlines, airport authorities, ground handling companies, passenger…
Virgin Media And O2 Agree On $39 Billion Merger To Create A New UK Telecom Giant
Liberty Global and Telefonica have agreed to combine their U.K. operations in a deal that will create a new giant in the country’s…
Argentina On The Brink Of Its Ninth Sovereign Default
Argentina is highly likely to slip into default this month, analysts have told CNBC, as the crisis-prone South American country…
Bank Of England Warns Of Deepest Recession On Record
The Bank of England has warned that the UK economy is heading towards its deepest recession on record. The impact…
How The Coronavirus Will Change Office Spaces
Offices have been trending toward open workspaces for over a decade, as employers look to boost collaboration and maximize use…
Tesla Billionaire Elon Musk Set For $720m Pay Day
Tesla’s (TSLA) billionaire chief Elon Musk is about to get even richer. Musk, who is worth $39.4bn according to Forbes, is…
European Markets Rise On Hopes Of ‘Rapid’ Recovery
European markets opened higher on Thursday, as hopes grew of a “relatively rapid” recovery amid new central bank forecasts and…