Markets
Apple App Store breaks record, earns $386m in a day in 2020
Apple says that amount of dough is a record and up 16% year-over-year. 'We introduced several exciting new experiences for our customers, all while setting the standard for user privacy and security, ' says Cue, echoing CEO Tim Cook's public commitment to improved and more secure privacy for the company's customers. [Full Article...]
Gold prices jumped by 5.5% in the first week of 2020
Gold prices inched lower on Tuesday, a day after hitting their highest in almost seven years, with a lack of immediate escalation between the United States and Iran denting bullion's safe-haven appeal. "This is not he healthy start to the New Year expected by investors". Lukman Otunuga, senior research analyst at FXTM , said: "Escalating tensions in the Middle East have hit global risk appet... [Full Article...]
China, US set for new deal
Liu, China's top negotiator in the trade conflict, will be in the U.S. capital from Monday to Wednesday, the commerce ministry said. In regular briefings, it had been reported that negotiating teams from both sides were remaining in close communication on the arrangements involving the deal and its signing. [Full Article...]
Uber stops upfront ride pricing in response to California worker law
Simply put, Uber drivers are granted wages, benefits, and worker protection unless Uber can demonstrate that their drivers are "free from control and instruction" and that their work is outside of Uber's "normal course of business". (This change seems geared toward getting around the part of AB-5 that makes such employee-esque shift bonuses illegal.) Drivers will now be able to opt to do 40 or 60 ... [Full Article...]
IRS opens 2019 tax filing season for individual filers on January 27
The primary problem is that IRS has been struggling with a massive shortage of funding and an increased workload. "These losses directly correlate with a steady decline in the number of individual audits during the past nine years", the report said. [Full Article...]
HighRadius secured $125M in Series B from ICONIQ Capital, others
With this, the total funding raised by HighRadius stands at $175 million and is now valued at $1 billion and above, becoming the first startup in 2020 to enter the unicorn club. It says that HighRadius AI has processed more than $1.3 Tn in transactions. HighRadius is headquartered in Houston , Texas with Hyderabad mainly being its operational space in India. [Full Article...]
Tensions between Iran and U.S. lessen after Iran's weak retaliation
He also said that the United States had "initiated a new series of escalation and animosity with Iran" after Soleimani's killing . The minimal damage and lack of coalition casualties is attributed to the Iraqi government, which provided the United States with advanced warning of Iran's missile attack. [Full Article...]
Budget 2020: PM Modi meets economists on growth, jobs, $5 trillion economy
The prime minister often seeks suggestions from people on various issues. He also tagged the Finance Ministry - "FinMinIndia looks forward to your suggestions for the #UnionBudget2020 which will be presented in the Parliament in the upcoming session", he said. [Full Article...]