Business

Author: 0 'I hope the Fed gets involved' as coronavirus crushes stocks

The Federal Open Market Committee cut rates three times a year ago, which puts the Fed in a good position to insure against adverse shocks, he said . Traders bet the Fed may be forced into an emergency move if the coronavirus gets much worse. Cutting rates between meetings is rare and reserved for especially delicate moments.

Business 38% of Americans won’t drink Corona beer because of coronavirus
Author: 0 38% of Americans won’t drink Corona beer because of coronavirus

Corona, which derives its name from the Sun's corona and has nothing to do with the virus, is the third-most popular beer in the USA, according to YouGov rankings . CNN reports Constellation Brands' stock dropped 8 percent on Thursday, but the entire stock market has declined this week as the spreading virus threatens to derail the global economy.

Business Health officials confirm two cases of community transmission of coronavirus in California
Author: 0 Health officials confirm two cases of community transmission of coronavirus in California

Sonia Angell, Director of the California Department of Public Health and State Health Officer. They were urged to quarantine themselves at home, while a few who showed symptoms of illness were in isolation, officials said. He has spoken to the CDC, who he says have assured him many more test kits will soon be available. Dr. Nancy Messonnier, director of the National Center for Immunization and Respiratory Diseases, said her clinical team has not declined any request for testing.

Business Facial Recognition App Used by Law Enforcement Agencies Hacked
Author: 0 Facial Recognition App Used by Law Enforcement Agencies Hacked

He was criticized after a New York Times investigation into the software company last month, and Clearview AI was described as a "chilling" privacy risk by Democratic Senator Edward Markey in late January. Scraping billions of images from users' profiles promoted cease-and-desist requests from Facebook, Google and Twitter . Clearview AI's CEO, Hoan Ton-That, has previously claimed its tech is meant "strictly for law enforcement" but the documents appear to indicate private companies ...

Business Dow Plunges as Market Falls 10% From Record High
Author: 0 Dow Plunges as Market Falls 10% From Record High

USA stock index futures were mixed on Wednesday after the Dow and the S&P 500 indexes suffered their sharpest four-day fall in more than two years on fears of the economic damage from the global spread of the coronavirus. The 30-year bond last fell 7/32 in price to yield 1.8069%, from 1.798%. More than 82,000 people have been infected by the virus and the death toll stands at more than 2,800 globally.

Business Oil slides 1.2% on renewed fears of coronavirus
Author: 0 Oil slides 1.2% on renewed fears of coronavirus

The announcement of the sanctions came shortly before the closure of the Russian market . Reacting to the USA announcement, Rosneft said its projects in Venezuela were "in strict compliance with the norms of worldwide and national laws", and that it "does not pursue any political goals".

Business Juul Acquired Ad Space On Children's Websites Involving Cartoon Network Litigation Declares
Author: 0 Juul Acquired Ad Space On Children's Websites Involving Cartoon Network Litigation Declares

E-cigarette giant Juul targeted children with ads on Cartoon Network, Nickelodeon, and other websites, the state of MA charged in a lawsuit, BuzzFeed News reported . Cult presented JUUL with advertisements that used "retro" images of a boom box, a joy stick, and a mobile phone from the 1980s juxtaposed against the JUUL e-cigarette, captioned "JUUL/The evolution of smoking/Finally, a truly satisfying alternative".

Business U.S. airlines suspend Hong Kong flights over virus concerns
Author: 0 U.S. airlines suspend Hong Kong flights over virus concerns

With this announcement, all flights by Indian carriers to China will be suspended after Friday. In the meantime, the department is asking no one travel to China. A new Cathay Pacific Airways Airbus A350 at Hong Kong International Airport in Hong Kong , May 30, 2016. United Airlines on Tuesday said it will suspend Hong Kong support, days after it cut its southern China flights since coronavirus spreads.

Business USA stocks fall 600 points on coronavirus worries
Author: 0 USA stocks fall 600 points on coronavirus worries

Bond yields rose, while the Japanese yen and Swiss franc retreated as risk sentiment improved despite a rising infection rate and death toll from the coronavirus outbreak. "These initial interventions aim to boost confidence, but they are unlikely to be sufficient to curtail a sharp downturn in Q1", Citi economists said in a note.

Business Ryanair mulls extra job cuts after more 737 MAX delays
Author: 0 Ryanair mulls extra job cuts after more 737 MAX delays

Losses amounted to $864 million, mostly related to the $4.9 billion charged the company voluntarily took due to the 737 MAX groundings shortly before it announced its second-quarter performance. "More negative news from Boeing . on our MAX deliveries", the memo read. United States aviation giant Boeing faces a crisis over its top-selling 737 MAX, which has been grounded since March 2019 after two deadly crashes in Ethiopia and Indonesia.

Business Facebook now lets users delete activity data it collects from other sites
Author: 0 Facebook now lets users delete activity data it collects from other sites

Created to improve transparency, Off-Facebook Activity provides information about data that third-party businesses share with Facebook. The tool has three key functions: showing the list of sites/apps and the interactions they have shared with Facebook (from the news you read to the product you opened at Myntra/Flipkart), disconnecting that data history, and managing future interactions.

Business What to Watch For in Trump’s Impeachment Trial Friday
Author: 0 What to Watch For in Trump’s Impeachment Trial Friday

As senators sat through endless hours of arguments, they found a new outlet to focus their attention: fidget spinners. Scott said that if one does as instructed by the president, "it is impossible not to come to the conclusion that the president is innocent of an impeachable offense ".

Business Olympic boxing qualifier in China scrapped over virus
Author: 0 Olympic boxing qualifier in China scrapped over virus

A total of 15 thermal detectors have been set up in the Wuhan Tianhe International Airport, and 20 thermal detectors have been installed at three major railway stations of the city. Low-priced carrier Scoot said it's made arrangements to distribute a health advisory to all passengers arriving from Wuhan. However, they are stepping up messaging and screening at airports, and B.C.'s provincial health officer Dr.

Business China's yuan strengthens after signing of Phase 1 trade deal
Author: 0 China's yuan strengthens after signing of Phase 1 trade deal

Based on White House estimates , China will buy $35 billion in services, $53 billion in energy, $80 billion in manufactured goods and $32 billion in agricultural exports. The signing came hours after Democrats named the team that will prosecute Trump in an impeachment trial that starts early next week. Till now China has never imported more than $26 billion of farm products in a year.

Business US Slaps New Sanctions on Iran after Missile Strikes
Author: 0 US Slaps New Sanctions on Iran after Missile Strikes

The president, in a statement announcing the new measures , referenced Iran's nuclear program and use of proxy forces throughout the region while noting that the Iranians have threatened United States service members, diplomats and civilians - an apparent reference to his administration's justification for killing General Qassem Soleimani in a drone strike last week in Baghdad.

Business Fugitive Carlos Ghosn’s escape from Japan remains a mystery as investigation continues
Author: 0 Fugitive Carlos Ghosn’s escape from Japan remains a mystery as investigation continues

The Wall Street Journal has reported that Ghosn was loaded onto the flight from Osaka in a large case for audio equipment, which was later found at the back of the cabin. "It was easy for him to flee", the statement said. But the Turkish airline MNG Jet has said that two of its planes were used illegally , first flying from Osaka, Japan, to Istanbul , and then to Beirut, where it arrived last Monday and has not been seen since.

Business Fury as thousands mourn Iran commander
Author: 0 Fury as thousands mourn Iran commander

Trump, speaking from his Mar-a-Lago resort in Florida, said Soleimani was "terminated" when he was on the verge of attacking USA diplomats but he insisted that Washington is not seeking to topple Iran's government. Dressed in black, they waved white Hashed flags and massive portraits of Iranian and Iraqi leaders, furiously calling for "revenge". The U.S. has also blamed Iran for a wave of increasingly provocative attacks in the region, including the sabotage of oil tankers in the Persian ...

Business Here's what happened to the stock market on Thursday
Author: 0 Here's what happened to the stock market on Thursday

The US stock market ended the year 2019 with a spike and various industries registered modest gains on the last day of 2019. In 2019, the current bull run in USA stocks became the longest one on record as trade optimism, dovish monetary policy and an improving economic outlook fueled sharp gains.

Business National living wage to rise by 6.2% in April
Author: 0 National living wage to rise by 6.2% in April

Scottish Government Fair Work Minister Jamie Hepburn said he welcomed any increase to workers' hourly rate of pay, he said the announcement did "not go far enough". In September, the Chancellor , Sajid Javid, had set a new target for the NLW, calling for it to rise to two-thirds of the median United Kingdom wage, or roughly £10.5 an hour, provided economic conditions allowed that.

Business Oil posts longest run of weekly gains since April on crude draw
Author: 0 Oil posts longest run of weekly gains since April on crude draw

The backdrop: OPEC and other top producing nations led by Russian Federation agreed this month to extend and deepen output cuts in the first quarter of 2020. -China trade deal agreed to this month. Bulls are content with the fact that there is a pact to curb global output by OPEC and its allies may be eased while Kuwait and Saudi Arabia appeared close to a resolution on disputed territory.

Business Trump's Christmas Eve admission: No gift yet for Melania
Author: 0 Trump's Christmas Eve admission: No gift yet for Melania

We send our best wishes for a merry Christmas and a happy and prosperous New Year . After his call with service members, President Trump and first lady Melania Trump attended a Christmas Eve church service in Florida before celebrating the holiday with dinner at his private club.

Business Colorado's Unemployment Rate Is The 5th-Lowest In The US
Author: 0 Colorado's Unemployment Rate Is The 5th-Lowest In The US

People receiving unemployment benefits rose to 293,595 in November from 260,709 in October. In a separate federal survey of business establishments that excludes jobs in agriculture and people who are self-employed, Kentucky's seasonally adjusted nonfarm employment decreased by 2,300 jobs in November 2019 compared to October 2019.

Business Half a million Whirlpool washing machines recalled in UK
Author: 0 Half a million Whirlpool washing machines recalled in UK

A Whirlpool's Hotpoint washing machine model, which is about to be recalled together with the Indesit model. Whirlpool has advised customers to unplug their machines and stop using them. Whirlpool said it was working at "full speed" begin the recall in early January. She first bought her machine six years ago and purchased one of the models now urgently being recalled.

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