Markets

Markets Airbnb confidentially files for US IPO
Author: 0 Airbnb confidentially files for US IPO

Airbnb said the number of shares in the company it plans to sell and their price hasn't yet been determined. Airbnb's IPO "will be a remarkable comeback after the pandemic decimated global travel, and proof that IPO investors think long-term", Renaissance CEO and co-founder William Smith wrote.

Markets British home sales hit record after lockdown: Rightmove
Author: 0 British home sales hit record after lockdown: Rightmove

Both places are seeing record-high sales. "More home is coming to industry than a 12 months ago in all regions, and at a national level the new source and heightened demand from customers feel rather balanced", he reported. As part of the home moving circle, home-owners are bringing more properties to market than in any month since 2008, giving more choice to buyers. Hamptons International said private-sector rents in inner London were 8pc lower in July than a year ago as a collapse in ...

Markets Trump says it could take 'months' or 'years' to know election results
Author: 0 Trump says it could take 'months' or 'years' to know election results

Although the USPS has repeatedly tried to reassure voters they can handle the influx of mail-in ballots, it has sent warnings to almost every state that slowdowns in delivery could cause ballots to show up late and not be counted. "I'll give you that guarantee right now: The president of the United States is not going to interfere with anybody casting their vote in a legitimate way, whether it's the post office or anything else", Mark Meadows said.

Markets Gas increase pushes up consumer prices in July
Author: 0 Gas increase pushes up consumer prices in July

A rise in Serbia's consumer price index (CPI) by 0.2% month-on-month in July was mostly supported by higher prices of oil products, cigarettes and tour packages, the central bank said on Wednesday. The jump in prices is likely an unwinding of sharp declines experienced when nonessential businesses were shuttered in mid-March to slow the spread of the coronavirus.

Markets Tesla woos retail investors with stock split, shares rise
Author: 0 Tesla woos retail investors with stock split, shares rise

In practice, those who own Tesla stock on August 21 will receive four additional Tesla shares per share after trading closes on August 28, 2020. Elon Musk's Tesla is set to make its shares more affordable to backers after announcing a five-way stock split, the first in its history, on the back of a record year of growth for the electric vehicle maker .

Markets Turkey Redraws Currency Defenses With Lira Hitting a Record Low
Author: 0 Turkey Redraws Currency Defenses With Lira Hitting a Record Low

Goldman Sachs estimated that Turkey spent $65 billion this year managing its currency as of the end of June. The lira fell 3.4% to 7.2840 versus the US currency as of 5:48 p.m.in Istanbul, leading declines in emerging markets. The central bank said the effects of the pandemic on the Turkish economy had been limited so far, saying " recent data suggest that economic recovery has gained pace ".

Markets Virus-hit Berkshire Hathaway buys back more than $5bn in shares
Author: 0 Virus-hit Berkshire Hathaway buys back more than $5bn in shares

Berkshire's businesses felt the sting of the fallout from the pandemic, with operating profit slumping 10% in the second quarter. The share repurchase is the most ever in a single period for Buffett and almost double the $2.2 billion worth of shares the conglomerate bought back in the final quarter of 2019.

Markets Tikhanovskaya demands Belarus presidential election results be declared void
Author: 0 Tikhanovskaya demands Belarus presidential election results be declared void

Mrs Tsikhanouskaya's campaign rallies across the country have attracted tens of thousands, debunking Mr Lukashenko's claims of being a universally popular leader. Tikhanovskaya, whom the opposition has unified behind, called on police to stop using violence against protesters. Her ally, Maria Kolesnikova, said the government was "incapable of running the country" and an "unprecedented" political crisis was setting in.

Markets Canon allegedly hit by Maze ransomware, 10TB data stolen
Author: 0 Canon allegedly hit by Maze ransomware, 10TB data stolen

Just one week after Garmin recuperated from a ransomware attack , information and systems belonging to Japanese tech company Canon are supposedly now being imprisoned. A multinational corporation, Canon, became a victim of a ransomware attack. The ransomware used by Maze is characterized by compromising computers and spread through networks of devices to achieve access to an administrator account.

Markets Wall St retreats on slowing jobs growth, US-China friction
Author: 0 Wall St retreats on slowing jobs growth, US-China friction

The Labor Department's closely watched report showed nonfarm payrolls increased 1.76 million in July. While that was better than the 1.6 million that economists surveyed by Reuters had forecast, it was still sharply lower than a record 4.8 million in June.

Author: 0 Coronavirus: Facebook Staff To Work From Home Until July 2021

Facebook will now let all its employees work from home through July 2021. However, given the infection trends in the US and Latin America, the social giant is not likely to reopen many of its offices before the end of the year. That's not to say all staff will remain at home as Facebook still intends to reopen offices to a very restricted set of employees based on government guidance and ultimately where the company is permitted to do so in all the countries where it has a presence.

Markets Virgin Galatica unveils Mach 3 passenger plane
Author: 0 Virgin Galatica unveils Mach 3 passenger plane

Virgin Galactic is one of the numerous companies with an eye on super-fast flight, having just unveiled a Mach 3 passenger jet with speeds over 2,302 miles per hour. Branson's trip to space hinges on the success of two upcoming test flight programs, Virgin Galactic Holdings Inc said, with the first powered spaceflight scheduled for this fall from Spaceport America.

Markets Oil falls on supply glut fears as OPEC+ set to boost output
Author: 0 Oil falls on supply glut fears as OPEC+ set to boost output

The surplus market structure, when prompt prices are weaker than future prices, is also a boon for traders, as they can store crude in the hope to resell it later at a profit. "The market is now watching USA producers and OPEC+ consider plans to ramp up while demand isn't returning the way we thought it would a few weeks ago.the supply demand balance could get out of whack" said Gene McGillian, vice president of market research at Tradition Energy.

Markets Australia to force Google and Facebook pay for news in unprecedented move
Author: 0 Australia to force Google and Facebook pay for news in unprecedented move

Under the code, drawn up by the Australian anti-trust watchdog ACCC , tech companies will be required to negotiate with news firms "in good faith" over payments for use of their content. Thus, if Facebook or Google want to display a news story that is the property of an Australian media outlet, the companies would have to "buy" the news from them.

Markets Enhanced unemployment benefits to expire on Friday: WH official
Author: 0 Enhanced unemployment benefits to expire on Friday: WH official

But Schumer hammered Trump for not working with Democrats on a wide-ranging bill and argued Republicans were being "stingy" and divided at a time when the nation faced generational crises in public health and the economy. One major sticking point will be over funding for states and cities. "If they don't have money for states and localities-both red and blue-you'll see massive layoffs of state employees".

Markets Hong Kong warns city on verge of large coronavirus outbreak
Author: 0 Hong Kong warns city on verge of large coronavirus outbreak

New Zealand made the same move after the other three. A Hong Kong government spokesperson said Tuesday that the Constitutional and Mainland Affairs Bureau and the Registration and Electoral Office were preparing for the election and were in communication with health authorities to formulate plans.

Markets Two Friends in US Share Powerball Jackpot Win, Keeping 1992 Promise
Author: 0 Two Friends in US Share Powerball Jackpot Win, Keeping 1992 Promise

A Wisconsin man kept his promise 28 years later by splitting $US22 million jackpot with his friend. "He called me and I said, 'are you jerking my bobber?' " Feeney told Wisconsin Lottery . The men chose the cash option of about $16.7 million, leaving each with almost $5.7 million after taxes are paid. Tom revealed that he plans to retire after his jackpot success.