Alibaba Shares Hold Up In Face Of Trump Threats
Shares in Chinese online retail giant Alibaba (BABA.N) ground out gains on Monday as profits for smaller peer JD.com buoyed…
Day: August 17, 2020
UNC Abruptly Halts In-Person Classes After Coronavirus Outbreak On Campus
The University of North Carolina at Chapel Hill announced Monday it is canceling in-person undergraduate classes and shifting them entirely…
Sterling Driven By Dollar Ahead Of New Round Of Brexit Talks
Sterling edged up against the dollar and euro on Monday, with cable mostly driven by a weaker U.S. currency and…
Stocks Making The Biggest Moves After Hours: America’s Car-Mart, Kohl’s, Uber & More
America’s Car-Mart — Shares of America’s Car-Mart jumped nearly 5% in extended trading after the auto financing company reported better-than-expected…
Dollar Squeeze Chokes Nigeria’s Economy With Recession Looming
Nigeria’s foreign-currency shortage is squeezing the life out of Africa’s biggest economy. Banks won’t honor card payments, foreign investors can’t…
Nigeria’s Central Bank To Set Up $39 Bln Infrastructure Firm With Sovereign Fund
Nigeria’s central bank has secured government approval to set up a 15-trillion naira ($39.4 billion) infrastructure development company with the…
SoftBank Builds $1.2 Billion Amazon Stake; Invests In Netflix, Tesla
SoftBank Group Corp (9984.T) has built a stake worth around $1.2 billion in e-commerce firm Amazon (AMZN.O), regulatory filings showed…
S&P 500 Rises To Start The Week, But Comes Up Just Short Of A Record Close
The S&P 500 rose slightly on Monday to start the week, but fell short of a record closing high once…
Companies Need To Step Up’: The Ever-Increasing Demand For Disinfection During The Pandemic
New ways to clean or disinfect buildings, surfaces and clothes are seeing increased demand, according to tech company leaders. Eric…
‘You Can’t Fix Stupid’ — Trump Trade Advisor Peter Navarro Rips Kodak Executives As Dumbest Ever
White House trade advisor Peter Navarro on Monday blasted executives at Eastman Kodak for their handling of a government loan…
President Trump’s Younger Brother, Robert, Has Died
Robert Trump, the younger brother of President Donald Trump, has passed away, the White House said in a statement late…
Families Of Sandy Hook Massacre Victims Say Remington Bankruptcy Intentionally Leaves Them In The Cold
The Remington Arms Co. appears on the verge of being sold off in pieces following its second Chapter 11 bankruptcy…
Amazon Investigated By German Watchdog For Abusing Dominance During Pandemic
Amazon is being investigated by German authorities for allegedly abusing its market position during the coronavirus pandemic. The investigation, being…
Nigeria: Dangote Cement Promo Produces New 60 Millionaires
The ongoing Dangote Cement Bag of Goodies Promo season 2 has produced 60 millionaires spread across the nation, thereby cushioning…
Barrick Gold’s Stock Soars After Buffett’s Berkshire Reveals Stake
Barrick Gold’s stock is popping 10% Monday after legendary investor Warren Buffett’s Berkshire Hathaway revealed a stake in the gold…
Wall Street Set To Kick Off Big Retail Earnings Week On High Note
Wall Street’s main indexes were set to open higher on Monday as retailers prepared to wind down a better-than-feared quarterly…
U.S. Tightens Restrictions On Huawei Access To Technology And Chips
The Trump administration announced on Monday it will further tighten restrictions on Huawei Technologies, aimed at cracking down on its…
U.S. University Insured Chinese Student Tuition Against Virus. Then COVID-19 Hit
After becoming dean of the University of Illinois business school in 2015, Jeffrey Brown worried that politics or a virus…
CDC Says Quarantine Guidance Does Not Imply Immunity To Coronavirus For 3 Months
The U.S. Centers for Disease Control and Prevention clarified on Friday that its updated quarantine guidance does not imply people…
Flight Attendants Turn To Dog Walking, Contact Tracing For Extra Income As They Brace For Job Cuts
The coronavirus pandemic has been so devastating to the airline industry that even flight attendants with decades of experience have…
Singapore Finance Minister Unveils $5.8 Billion Worth Of Virus Support Measures
Singapore’s finance minister on Monday unveiled more economic support measures worth about S$8 billion ($5.8 billion) to cushion the blow…
Sweltering Heat Is Shattering Records, Triggering Power Outages Across California
An intense multi-day heatwave kicked into high gear Friday, triggering power outages throughout California as the state’s power grid became…
A Flood Of Job Losses Looms As Airline Industry Struggles In Pandemic
Just as the U.S. labor market shows signs of recovery, tens of thousands of airline workers are preparing themselves for…
Protester’s Arrest Leads To Crowd Forming At Pittsburgh Mayor’s Home
Pittsburgh Mayor Bill Peduto said he had “serious concerns” over the tactics used in the arrest of a 25-year-old protester…
UK Household Finances Take New Turn For The Worse: Survey
The financial health of British households deteriorated in August at a faster pace than last month, in an unpromising sign…
South Africa Lifts Toughest COVID-19 Restrictions
South African President Cyril Ramaphosa on Saturday announced that stringent Covid-19 regulations would be eased on Sunday as the country’s…
Nigeria: No Going Back On Support For Southern Presidency In 2023 – El-Rufai
Kaduna State Governor, Nasir El-Rufai on Sunday said there is no going back on his support that the 2023 presidency…
Japan’s Record Economic Plunge Wipes Out Abe Era Gains
Japan was hit by its biggest economic slump on record in the second quarter as the coronavirus pandemic emptied shopping…
Democrats Step Up Pressure Against U.S. Postal Cuts, Pelosi Calls Lawmakers Back To Washington
U.S. Democrats stepped up pressure on Sunday against a cost-cutting campaign by President Donald Trump’s appointed Postal Service chief that…
Romney slams Trump Administration Over U.S. Coronavirus Death Toll — ‘There’s No Way To Spin That’
Utah Sen. Mitt Romney criticized the Trump administration’s early response to the coronavirus outbreak on Friday, saying they dismissed the…