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Stories about Finance

Sep 09 2020

General Motors takes $2 billion stake in electric truck startup Nikola

GM also gets the right to nominate one board member in exchange for in-kind services. According to the company, the truck will be good for 300 miles on battery-power alon...

Sep 09 2020

Coronavirus: Trump attacks Joe Biden, Kamala Harris for ‘reckless’ anti-vaccine rhetoric

Trump spent $66m on his 2016 campaign . "But we will surpass and surmount and get around those obstacles", Harris said . Speaking to reporters before departing for ...

Sep 08 2020

10/80 new special trains to pass through Nagpur

The bookings or reservations for these new IRCTC special trains will begin from September 10. "Eighty new special trains or 40 pair of trains will start operations from...

Sep 06 2020

Tesla Falls After Anticipated S&P Inclusion Fails to Materialize

Broadcom Inc gained 3.0 per cent after the Apple Inc supplier forecast fourth-quarter revenue above analysts' estimates. The higher yields helped send financial stocks ...

Sep 05 2020

Unemployment rate falls below 10% for first time since March

Other labor market indicators are flagging a cooling in job growth, however, with USA manufacturing activity surging to a almost two-year high in August but employment ...

Sep 05 2020

United States jobless rate declined to 8.4% in August

The unemployment rate was as high as 14.7% in April, when most of the United States was locked down during the peak of the COVID-19 outbreak. The dollar and yields on 1...

Sep 05 2020

Dow loses 2%, Nasdaq drops 5% amid Wall Street selloff

USA stocks closed down: the Dow ended with a loss of 807.77 points, or 2.8%, at 28,292.73, after dropping more than 1,000 points at its session low. Wall Street futures...

Sep 04 2020

Desperate search for crew of ship sunk in typhoon off Japan

The Gulf Livestock vessel last signaled its position on September 1 at 11:35 a.m., according to shipping data compiled by Bloomberg . The Gulf Livestock 1 departed N...

Sep 04 2020

U.S. weekly jobless claims drop more than expected

No other county had more than 285 claims. However, in the months since, the number of first time unemployment claims have risen one week, only to fall the next. More th...

Sep 02 2020

Tesla launches $5 bln capital raise after share surge

Meanwhile, the question of if Tesla deserves its sky-high valuation is increasingly at the fore-And according to longtime short-seller Jim Chanos of Kynikos Associates,...

Aug 28 2020

European Union trade chief resigns over coronavirus violation

EU Trade Commissioner Phil Hogan resigned from his post on Wednesday night, following mounting pressure to step down over allegedly violating COVID-19 restrictions. Hogan...

Aug 28 2020

Ukrainian Spies Lured Russian 'Mercenaries' to Belarus, Putin Says

A diplomatic onslaught has been launched against Belarus at the highest level, Belarus President Aleksandr Lukashenko said at a government meeting in Minsk on 27 August, ...

Aug 26 2020

Trump's postal-vote tweet misleading, says Twitter

The tweet can be viewed behind a disclaimer that says it breaks rules around "civic and election integrity". That means no likes, no replies, and re-tweets without comme...

Aug 26 2020

Donald Trump formally nominated as presidential candidate

On the first day of the convention, Trump's son Donald J Trump Jr would be the star speaker along with former India-American US Ambassador to the UN, Nikki Haley, and man...

Aug 25 2020

Belarus authorities detain 3 leading opposition activists

Protests broke out after Lukashenko was declared the victor in the August 9 presidential elections. Mr. Lukashenko's main election challenger, Sviatlana Tsikhanousk...

Aug 24 2020

China approves emergency usage of COVID-19 vaccines

We hope that we have succeeded by giving you the full details and information. A staff member displays a sample of the COVID-19 inactivated vaccine at a vaccine product...

Aug 24 2020

More opposition rallies in Belarus as Lukashenko remains defiant

In a statement the Belarus interior ministry warned that any unsanctioned protests were considered illegal and said 22 people had been arrested the previous day, when sma...

Aug 23 2020

Canadian gov't unveils new financial assistance plan for economic recovery

Since mid-March, the CERB has paid nearly $69.4 billion in benefits to more than eight million people, of which about four million have since returned to the labour marke...

Aug 22 2020

California court ruling gives voters last word over Uber, Lyft worker rights

The last-minute ruling , in a case with potential ripple effects across the global gig economy, means drivers can continue working as independent contractors while the a...

Aug 21 2020

Airbnb begins process of filing for IPO

The ban is an extension of an already existing rule Airbnb implemented in late 2019, and represents the company's latest attempt to alter its business in the face of the ...