Money

Corona beer victim of coronavirus outbreak

Corona beer victim of coronavirus outbreak That makes for awkward timing as the brand launches its new line of Corona hard seltzers . "We believe, by and large, that consumers understand there's no linkage between the virus and our business", Maggie Bowman, a representative for Constellation Brands , told Business Insider in January . [Full Article...]

Washington state patient first in the US to die from new virus

Washington state patient first in the US to die from new virus The news comes just two days after the first report of likely community spread of the virus in the US, in Solano County, California . But convinced that the number of cases will grow, health agencies are ramping up efforts to identify those who might be sick. [Full Article...]

Bets on Interest Rate Cuts Escalate

Bets on Interest Rate Cuts Escalate Against a basket of other currencies the dollar slipped 0.375% to 98.956, after reaching a three-year high of close to 100 last week. Meanwhile, the U.S. And to counter the tendency for inflation to be low, he said, the Fed must "convey to the public that periods with above-target inflation are essential to achieving the dual mandate goals over the long run", Evans said. [Full Article...]

Markets shudder again on virus fears, extending recent rout

Markets shudder again on virus fears, extending recent rout The Dow Jones Industrial Average cut its loss to 370 points by the early afternoon after being down as many as 960 earlier as investors saw some buying opportunities. Oil prices tumbled to their lowest in over a year and the benchmark U.S. Treasury yield set a record low. The NZX top 50 index recovered slightly in Wednesday's trading and ended the day 1.33 per cent down . [Full Article...]

US Sanctions Rosneft Subsidiary Over Venezuela Oil Trade

US Sanctions Rosneft Subsidiary Over Venezuela Oil Trade While he said no individual action will bring an end to Maduro's control, he added that it's "a very significant step, and I think you will see companies all over the world in the oil sector now move away from dealing with Rosneft Trading ". [Full Article...]

Kickstarter Staff Form Union, a First for Major Tech Startup

Kickstarter Staff Form Union, a First for Major Tech Startup While the company has been nominally supportive of an employee vote for unionization, leadership said in no uncertain terms that a union was not "the right tool" to fix Kickstarter's issues in a FAQ published a year ago. "Our mission has been common ground for everyone here during this process, and it will continue to guide us as we enter this new phase together". "Everyone was crying when the... [Full Article...]

Juul sued by MA, allegedly advertised on children's websites

Juul sued by MA, allegedly advertised on children's websites A Juul-made e-cigarette. E-cigarettes are purportedly popular with teens, another point of contention between the industry and FDA. E-cigarette producer Juul Labs Inc. Although the prevalence of vaping is high among adolescents, branding and brand loyalty are playing a major role in the perception of "smoking" (including the use of e-cigarettes) and "vaping" among high school students. [Full Article...]

LDS Church transfers missionaries out of Hong Kong due to coronavirus concerns

LDS Church transfers missionaries out of Hong Kong due to coronavirus concerns With this announcement, all flights by Indian carriers to China will be suspended after Friday. Among them, 138 flights have been sent to central China's Hubei Province to deliver more than 192,000 emergency supplies, with a total weight of around 1,213 tonnes. [Full Article...]

How major U.S. stock indexes fared Monday

How major U.S. stock indexes fared Monday Shares fluctuated in Hong Kong, which suspended 10 out of 13 border checkpoints with China. For Chris Weston, a Sydney-based strategist at broker Pepperston, "the big unknown" was how China's financial markets respond to the show of force from the country's central bank. [Full Article...]

Facebook now lets users delete activity data it collects from other sites

Facebook now lets users delete activity data it collects from other sites Facebook is under fire again, accused of sharing private messages and other user information with other companies. This data is collected by not only tracking their activity on all Facebook apps/services but also gathering web activity data from third-party apps, websites they visit across the internet. [Full Article...]

Boeing swings to annual loss as 737 MAX costs double

Boeing swings to annual loss as 737 MAX costs double Adding to the barrage of bad news, Boeing notched its first annual loss past year since 1997, when it shut down assembly lines amid a supplier meltdown. "More negative news from Boeing . on our MAX deliveries", the memo read. Boeing is struggling through a crisis stemming from two crashes of its 737 Max that killed all 346 people aboard the flights. [Full Article...]

'You can't trust this president': Schiff calls for Trump to be removed

'You can't trust this president': Schiff calls for Trump to be removed Sen. Thom Tillis (R-N.C.) said the Democratic managers were "presenting the same information" on a "two-hour loop". "Seriously? If your argument is, 'oh, I don't have to act to defend my country because someone talked too long, ' you're not-Sorry", Sen. [Full Article...]

Wuhan shutting down to curb spread of virus

Wuhan shutting down to curb spread of virus Authorities have confirmed more than 400 cases of the virus in China, a lot of them in the central city of Wuhan where the virus first appeared at the end of 2019. Australia has issued a travel warning for Wuhan, asking visitors to "exercise a high degree of caution", but head coach Ante Milicic had said on Tuesday they were preparing for the trip to Wuhan. [Full Article...]

Biden Slams Trump-China Trade Deal as Lacking on Key Disputes

Biden Slams Trump-China Trade Deal as Lacking on Key Disputes The United States and China have announced an initial trade deal that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world's two largest economies. included". And Treasury Secretary Steven Mnuchin said Trump's negotiating stance led to a "fully enforceable deal" which could bring additional tariffs . [Full Article...]

Donald Trump defended American atmosphere strike, read

Donald Trump defended American atmosphere strike, read And in an interview with CBS that aired Sunday, Esper said he "didn't see" a specific threat against four embassies in the intelligence. "Last night they received a slap", Khamenei said. "These are things that are conditions-based". Ebrahim Raisi, the head of Iran's judiciary, issued a warning to protesters , saying "the agents of America and agents of foreign countries" want to use anger ove... [Full Article...]

Stocks put Middle East tensions in rearview mirror, surge to record highs

Stocks put Middle East tensions in rearview mirror, surge to record highs The Dow closed 133 points lower. The S&P 500 technology sector rose 0.9%, the top gainer among sectors. Boeing shares dropped 1.9% to lead the Dow lower. Caution prevailed at many commercial airlines Tuesday and Wednesday as the companies rerouted flights throughout the Middle East to avoid potential danger during the heightened tensions between the USA and Iran and the latter's factions in Ira... [Full Article...]

US House advances resolution to limit Trump's power to strike Iran

US House advances resolution to limit Trump's power to strike Iran Trump's comments came hours after U.S. Secretary of State Mike Pompeo also told reporters that the killing was in response to an "imminent threat". "We still need to focus minds, but it's probably coming soon", a European Union diplomat said before Friday's emergency meeting. [Full Article...]

Nissan slams Ghosn's 'extremely regrettable' escape

Nissan slams Ghosn's 'extremely regrettable' escape Ghosn got to Osaka on a bullet train from Tokyo after leaving his home there on the afternoon of December 29, Japan's Kyodo news agency reported Monday. In their first remarks since Ghosn's flight just before the New Year, prosecutors said the escape vindicated their argument that he should have been kept in custody. [Full Article...]

Iran tells United Nations it reserves right to self-defence over Soleimani killing

Iran tells United Nations it reserves right to self-defence over Soleimani killing The United States acknowledged it struck Major General Qassem Soleimani to prevent terrorist attacks by Iranian proxy militias against American diplomatic and military targets, and in retaliation for two decades of attacks against Americans by forces under Soleimani's command. [Full Article...]

How major United States stock indexes fared Tuesday

How major United States stock indexes fared Tuesday Financial sector stocks, especially big banks, also posted strong gains in 2019, despite a sharp pullback in interest rates. More than half of the Dow component companies traded in red territory, with Walmart dropping 0.93 percent, leading the laggards. [Full Article...]


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