Markets
Florida man accused of using coronavirus relief funds to buy Lamborghini
The bank, however, only approved the US$3.9 million in loans and within a few days, Hines bought the Lamborghini which he jointly registered under his name and the name of one of his companies. Those firms made up less than 15% of the almost 5 million small companies and organizations that received loans. Some of the funds from the act were meant to provide emergency financial assistance to millio... [Full Article...]
California Taco Bell seeking coins, offering free tacos in exchange
So what's the deal with the free food? . The Lynchburg Chick-fil-A will collect coins until the need is met. All of the rolled coins are output from the Philadelphia Mint and bear the facility's P Mint mark on the obverse in the field below the motto IN GOD WE TRUST. [Full Article...]
Intel's new 7nm delayed until 2022, will allow AMD to totally dominate
An Intel spokesperson said it does not plan to replace Renduchintala's role as chief engineering officer or as group president Technology, Systems Architecture and Client Group, which is being split into separate teams. Renduchintala is known within the industry as one of several key hires Intel made back in 2015. Manufacturing and Operations . Led by Keyvan Esfarjani, this team will continue K... [Full Article...]
Silver steals a march on gold, equities amid US-China tensions
Total gains in this period have now accumulated to 8%, helping gold prices to hit an all-time high. Gold usually rises alongside investors' uncertainty in the economy. The two countries signed a preliminary trade deal in January, but tensions intensified recently after the US forced China's consulate in Houston to close, prompting a reciprocal closure of the USA consulate in Chengdu. [Full Article...]
Mitsubishi ends new auto development for the UK
The Japanese manufacturer plans to reduce its spend by 20 per cent over the next two years, which includes shifting its focus to the vehicle market in South-East Asia - where it now has a 6.4 per cent market share, compared with just one per cent in Europe. [Full Article...]
Australian Regulator Sues Google Over Expanded Personal Data Use
Today the Australian Competition and Consumer Commission formally started Federal Court proceedings against Google in the Australian Federal Court. When users agreed to the privacy policy, they were misled as they failed to understand the changes Google was making. [Full Article...]
Democrats Balk At New Republican Proposal For Pandemic Relief Bill
More than two months after the Democratic-led House of Representatives approved a $3 trillion coronavirus stimulus package, Senate Republicans are set to introduce a almost $1 trillion plan on Monday. Tough negotiations lie ahead. "Half of the Republicans are going to vote no", Sen. "Which version of our distinguished Democratic colleagues are the American people about to get?" "In short, ... [Full Article...]
Target becomes latest store to close on Thanksgiving Day
The coronavirus is already causing big retailers to modify their holiday shopping season. Target says guests will still be able to take advantage of "extra-big savings without the extra-long lines" through online and in-store deals on the hot items before and after November 26. [Full Article...]