Why Is Harvard Getting $9 Million In Stimulus Money When It Has A $40 Billion Endowment?
Harvard is under attack for the $9 million in stimulus money it’s getting from the federal government. “America’s Richest University…
Category: World
UK Economy Crumbling Under Coronavirus Strain As Questions Mount Over Lockdown Exit
The United Kingdom’s economy is crumbling under the strain of the coronavirus lockdown and government borrowing is soaring to the…
Venture Firm Benchmark Raises New Fund Without Early Uber Investor: Source
The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising…
Flaw In iPhone, iPads May Have Allowed Hackers To Steal Data For Years
Apple Inc (AAPL.O) is planning to fix a flaw that a security firm said may have left more than half…
Trump Signs Immigration Order Curbing Green Cards
President Donald Trump on Wednesday signed an order to temporarily block some foreigners from permanent residence in the United States,…
China To Donate More Money To The WHO
China is to donate an additional $30 million to the World Health Organization (WHO) to support efforts to combat the coronavirus, China’s Foreign Ministry spokeswoman Hua Chunying said on Thursday.
Why A ‘Return To Normal’ Could Mean Disaster For The Stock Market
It’s hard to deny, although some do, that the stock market, pre-coronavirus, was pushing the limits of what it means…
Apple Aims To Sell Macs With Its Own Chips Starting In 2021
Apple Inc. is planning to start selling Mac computers with its own main processors by next year, relying on designs…
Saudi Arabia May Re-route Tankers If U.S. Imposes Crude Import Ban
Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald…
Record U.S Jobless Claims Wipe Out Post-Great Recession Employment Gains
A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created…
Pandemic Throws Asia’s Services Firms, Factories Into Deeper Decline
The coronavirus pandemic battered Asian economies in April with social-distancing policies and business closures taking a particularly heavy toll on…
Facebook Rolls Out Messenger Kids To 70 New Countries
Facebook on Wednesday rolled out its Messenger Kids application to 70 new countries, saying it can help children deal with…
Kraft-Heinz Extends Factory Worker Bonuses In Pandemic
Kraft Heinz (KHC.O) will extend for two weeks a $100 per week stipend for factory workers producing its packaged foods…
Stocks Rise After U.S Senate Approves Coronavirus Relief Funds
Stocks rose Wednesday morning, recovering some losses after a sell-off in risk assets a day earlier sent the S&P 500 to…
Coronavirus Pandemic Will Cause Global Famines Of ‘Biblical Proportions,’ UN Warns
The world is facing multiple famines of “biblical proportions” in just a matter of months, the UN has said, warning…
Study Finds No Benefit, Higher Death Rate In Patients Taking Hydroxychloroquine For Covid-19
Coronavirus patients taking hydroxychloroquine, a treatment touted by President Trump, were no less likely to need mechanical ventilation and had higher deaths rates compared to those who did not take the drug
U.S. Home Sales Tumble As Coronavirus Keeps Buyers Indoors
The slump in home resales reported by the National Association of Realtors (NAR) on Tuesday added to a pile of…
China: The Biggest Winner Of The Oil Crash
A clear winner has emerged from the historic rout in global oil markets: China, which is reaping an unlikely reward…
Trump Looking At Stopping Saudi Oil Shipment As U.S Crude Oil Price Plunges Into Negative
U.S. President Donald Trump said on Monday that his administration was looking at the possibility of stopping incoming Saudi Arabian…
Coronavirus: Spain Pledges More Economic Support
Spain’s cabinet approved measures to support workers and businesses struggling under stringent coronavirus restrictions on Tuesday as officials cheered a…
French Court To Issue Verdict In Amazon Case On April 24: Judge
A verdict in a case involving U.S. e-commerce giant Amazon will be issued by the Court of Appeal in Versailles…
What’s A Negative Crude Future And Does It Mean Anything For Consumers?
The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time…
Coronavirus: Empty Resorts Spell Long Crisis Across The Caribbean
The nearby airport, the lifeblood of Varadero’s economy, closed after Cuba shut its borders two weeks ago to protect against…
Oil Plunges Further To Below Zero For First Time In Unprecedented Wipeout
Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping…
Market Wrap
“Given that the policy focus from governments and central banks has been to support the corporate sector, we like investment grade credit,” says Generali Investment’s Vincent Chaigneau.
Oil Plunges Below $10 With Traders Fleeing Expiring Contract
U.S. benchmark falls the most since trading began in New York. WTI May contract drops as much as 56% before Tuesday expiry. Oil Prices Will Remain Low in Short-Term: Goldman Sachs’ Tilton
Bahrain Follows Saudi Arabia, Oman With Budget Cuts Amid Crisis
Bahrain became the latest nation in the oil-rich Gulf to announce drastic spending cuts, an effort to stretch the budget…
JPMorgan Asset Seeks Collateral Protection in Private Lending
JPMorgan Asset Management is prioritizing lending to companies with high-quality assets as more cash-hungry borrowers need fresh funding. The firm has…
U.S. Restaurants On Track To Lose $240 Billion By End of 2020: Survey
U.S. restaurants are on track to lose $50 billion in April, with losses mounting to an estimated $240 billion by…
United Airlines Expects $2.1 Billion Loss, Seeks Government Aid
United Airlines (UAL.O) said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first…