Markets

Markets Trump signs orders to cut USA drug prices
Author: 0 Trump signs orders to cut USA drug prices

Senate Republicans pulled back from plans to release on Thursday a coronavirus relief proposal after the Trump administration requested more time to review the details. " President Trump's insistence on glorifying Confederates who fought against the USA has no support from the American people and our military", Senator Jack Reed, the ranking Senate Armed Services Democrat, said in a statement.

Markets Gold, silver are surging to multi-year highs on virus spreading
Author: 0 Gold, silver are surging to multi-year highs on virus spreading

At 2.30 pm, silver was trading at Rs 58,829 per kg. Kishore Narne , Head, Commodities & Currencies, Motilal Oswal Financial Services, said: "We expect the anaemic economic growth to intensify protectionist policies and aggravate trade wars, which would support high gold prices".

Markets No Evidence Account Passwords Were Accessed — Twitter Hack
Author: 0 No Evidence Account Passwords Were Accessed — Twitter Hack

The hackers, Twitter said , used this access to take control of many high-profile accounts and masquerade as their owners. "I am giving back to my community due to COVID-19 . Bitcoin addresses come in three formats: P2PKH, P2SH, and bech32. Motherboard claimed that the persons included in Wednesday's assault were being sharing screenshots of a Twitter admin resource apparently applied for the assault.

Markets Electric Elon: Tesla shares surge boosts Musk’s billionaire ranking
Author: 0 Electric Elon: Tesla shares surge boosts Musk’s billionaire ranking

The automaker has also canceled its lower-cost, standard-range (SR) version that would have started at $39,990, according to a Sunday tweet from Tesla founder Elon Musk. But for one man 2020 is turning out to be the "best" year and it is none other than Tesla CEO Elon Musk . When Tesla first unveiled the Model Y, it provided us with a chart detailing the four different planned trims for the electric SUV.

Markets Major Oil-Producing Nations To Discuss Possible Easing Of Production Cuts
Author: 0 Major Oil-Producing Nations To Discuss Possible Easing Of Production Cuts

In fact, the secretary general of OPEC said on Monday that he believes that oil markets are moving closer to balance ahead of the group meeting with Russian Federation to decide whether or not to ease production cuts from August. Futures in NY fell toward $40 a barrel after closing up 2.4% on Friday. However, if weak global oil consumption continues amid the rise in new COVID-19 cases, any increase in OPEC+ output could easily cause a plummet in crude prices .

Markets Federal wage subsidy to be extended to December, Trudeau says
Author: 0 Federal wage subsidy to be extended to December, Trudeau says

WE Charity said in their statement that additional pay had been provided "based on tenure" and that contractors had been compensated for the time that they had worked. not the total $900. Canada and the United States are set to extend a ban on non-essential travel that was imposed to fight the coronavirus outbreak , although a final decision has not been taken, two Ottawa sources familiar with the matter said on Monday.

Markets Coronavirus Now Linked To Possible Brain Damage
Author: 0 Coronavirus Now Linked To Possible Brain Damage

The appearance of these conditions, he added, 'did not always correlate with the severity of respiratory symptoms'. DALLAS-A 30-something patient has died from the coronavirus after reportedly attending a "COVID party" and ultimately telling their nurse they had acted in error, San Antonio's WOAI-TV reported.

Markets Canada's jobless rate down to 12.3 percent in June
Author: 0 Canada's jobless rate down to 12.3 percent in June

Gains were made in all provinces, including Ontario, where 378,000 jobs were filled, pushing the jobless rate down by 1.4 percentage points to 12.2 per cent. Despite positive signs, James says thousands of people and businesses are still struggling, and net job losses since the start of the pandemic stand at 235,000.

Markets Canadian deficit to hit 254 bln Dollars this year: minister
Author: 0 Canadian deficit to hit 254 bln Dollars this year: minister

Morneau said the debt is manageable, because of borrowing costs that are actually lower than a year ago due to falling interest rates. The report says that since March, the federal government has spent more than 231 billion Candian dollar (USD 171 billion) on health and safety measures as well as direct aid to Canadians and businesses.

Markets USA consumer watchdog chief can be fired by president, supreme court rules
Author: 0 USA consumer watchdog chief can be fired by president, supreme court rules

Ultimately, the Chief Justice Roberts wrote that the FTC directorate, which consists of several members serving staggered terms and is bipartisan, was fundamentally different from the single-director CFPB. The Justice Department under President Trump and the agency's director argued against the structure of the CFPB, saying it concluded the "statutory restriction on the president's authority to remove the director violates" the Constitution.

Markets Moosehead Joining Facebook, Instagram Advertising Boycott
Author: 0 Moosehead Joining Facebook, Instagram Advertising Boycott

Another major brand, Pepsi, is reportedly weighing a similar move, following Starbucks , Coca-Cola , Unilever and dozens of other brands shifting their ad dollars away from Facebook . Facebook has tightened its policies around hate speech and misinformation amid a growing advertising boycott from some of the world's biggest brands.

Markets Ford, Clorox, Adidas halt Facebook spending as boycott grows
Author: 0 Ford, Clorox, Adidas halt Facebook spending as boycott grows

Now 160 companies have joined in the boycott, some fully with complete advertising stops worldwide, other with temporary USA-only advertising boycotts via Facebook. Facebook spend was $6 million). "Non-profit groups are appealing to advertisers to police social media, given the general reluctance or refusal of the companies to do so themselves".

Markets Douglas County reports 159 new cases
Author: 0 Douglas County reports 159 new cases

A total of 2,986 county residents have recovered from the illness, the DCHD stated. According to the IDPH data, 70 percent of the reported cases of COVID-19 across the state have been from Caucasians; 8 percent, Asian; 11 percent, African American; 1 percent, Native American; 1 percent, native Hawaiian; and 31 percent, Latino.

Markets Bayer to Settle Lawsuits Over Weed Killer Roundup for $10.9B
Author: 0 Bayer to Settle Lawsuits Over Weed Killer Roundup for $10.9B

Leverkusen, Germany-based Bayer's American depositary receipts climbed on the settlement news, gaining as much as as 5%. Bayer today announced a series of agreements that will "substantially resolve" major outstanding Monsanto litigation, including US Roundup product liability litigation, dicamba drift litigation and PCB water litigation.

Markets US Stocks: Wall Street climbs on upbeat economic outlook
Author: 0 US Stocks: Wall Street climbs on upbeat economic outlook

New cases in Florida, Arizona and California have hit daily record highs in recent days, but authorities have been reluctant to put lockdown measures back in place. AMC Entertainment Holdings jumped 5.8 per cent on plans to reopen theatres at about 450 locations in the United States next month and the company expects returning to full-seating capacity around Thanksgiving.

Markets Jio Platforms scores another investment: $1.5bn from Saudi Arabia's PIF
Author: 0 Jio Platforms scores another investment: $1.5bn from Saudi Arabia's PIF

Entrepreneur Mukesh Ambani on Friday said that his company Reliance Industries is now "net-debt free" after raising over Rs 1.68 lakh crore in 58 days. "With these investments , RIL has become net debt free ", it added. This is even more remarkable that this was achieved amidst a global lockdown caused by the COVID-19 pandemic.

Markets Jobless claims continue to fall in state and Valley
Author: 0 Jobless claims continue to fall in state and Valley

It will allow those on unemployment to continue to receive those benefits. The labor market is incurring massive damage week after week. The Federal Reserve has predicted unemployment will remain in double digits for most of the rest of the year and won't fall back to 5.5% before the end of 2022.