Markets

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary Net loss for the first quarter was 398.1 million dollars compared to a net loss of 1.1 billion dollars in the same period past year. Both companies have a history of steep losses and went through layoffs prior to the pandemic. The company said the layoffs include its customer support and recruiting team, and expects to incur about $20 million in costs for severance and related charges. [Full Article...]

Small businesses shouldn't expect more flexibility for spending PPP funds: labor secretary

Small businesses shouldn't expect more flexibility for spending PPP funds: labor secretary The economists found "strong similarity" between states with high proportions of small business-bank financing relationships and PPP loan issuance. In the first round of funding, loans of more than $2 million account for about 1.5 percent of total loans, but around one-fourth of the total pool of money. [Full Article...]

Stock futures rise as Wall Street awaits latest jobless claims figures

Stock futures rise as Wall Street awaits latest jobless claims figures The broad-based S&P 500 gained 1.6 per cent to 2,893.66, while the tech-rich Nasdaq Composite Index jumped 1.5 per cent to 8,984.60. However, with the S&P 500 now about 16% below its record high, analysts have warned of another selloff with data revealing the extent of the pandemic's economic damage and U.S. [Full Article...]

Bank of England predicts economic record crash and soaring unemployment

Bank of England predicts economic record crash and soaring unemployment The more the Bank of England and its new governor, Andrew Pelly, emphasize inflation risks, the more the market will suspect that the weakening of the British pound will be good for United Kingdom policymakers. Many economists expect the BoE to increase its asset purchase program in June, before the extra STG200 billion it gave itself in March is exhausted by the furious pace of its buying of Br... [Full Article...]

Crude oil prices rise on China export bounce but outlook remains weak

Crude oil prices rise on China export bounce but outlook remains weak Brent was down $1.32, or 4.2%, at $29.65 a barrel, having risen in the past six sessions. Brent crude, the Middle East benchmark, traded above $30 a barrel for the first time since the middle of last month. Signalling a slow recovery in demand, data from the Energy Information Administration (EIA) showed U.S. crude and distillate inventories rose last week. [Full Article...]

April jobs data to show epic losses and soaring unemployment

Funds Manager at HEFFX holds a Ph.D.in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. [Full Article...]

China's exports make unexpected gains in April

China's exports make unexpected gains in April Economists had forecast that exports would shrink by 11 per cent while imports would contract by 10 per cent. Exports to the European Union dropped 6.6%, while to the USA they fell 15.9%.China's exports usually start slowly in the first quarter due to the Lunar New Year and then rise from April. [Full Article...]

Farm Bureau President Says Trade Talks With United Kingdom Starting Is Positive

Farm Bureau President Says Trade Talks With United Kingdom Starting Is Positive VanderWal says the US needs to build on each trade agreement they reach and use the success of those in forging new deals including a possible pact with the United Kingdom. International Trade Secretary Liz Truss and the United States trade representative Robert Lighthizer began two weeks of talks by videoconference involving over 100 officials from either side. [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505