Business
Wall Street Closes Up On Tech Rally Despite Mixed Signs On Economic Rebound
Wall Street rallied in a rocky session on Thursday as beatendown technology shares gained favor after data showing a surge in the sale of new homes revived faith in the economic recovery even as U.S. jobless claims rose unexpectedly.
Electrified By Tesla, Chinese Startups Are On The Charge
China's electric vehicle startups are on the charge again, thanks to Tesla.
Did I Leave The Stove On? Amazon's Flying Camera Can Check
Amazon wants to be able to answer the nagging question: Did I leave the stove on?
IPOs Head For Banner Year On Stock Market's Strength
Companies that cater to the new normal of working and shopping from home are rushing to go public.
Hit Hard by Covid-19 Lockdown: 65% People Suffer Loss of Income and 55% May Seek Loan Recast, Says Survey
The consumer survey report 'Dealing with Debt: How India plans to pay EMIs' by paisabazaar.com was undertaken to gauge the impact of coronavirus pandemic on the Indian borrowers' income and loan repayment capacity.
As COVID Surges, UK To Unveil New Job Protection Plans
Britain's finance minister will announce more job protection plans on Thursday, likely to include a new wage subsidy scheme, to stem unemployment in the pandemicravaged economy after existing safeguards expire next month.
World’s Operating Nuclear Fleet At 30 Year Low As New Plants Stall – Report
The number of nuclear reactor units operating globally is at a 30 year low, while new plants struggle for investment, an industry report said on Thursday.
JPMorgan Set To Pay Nearly $1 Billion In Spoofing Penalty - Source
JPMorgan Chase & Co is set to pay nearly $1 billion (£786 million) to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, a person familiar with the situation said on Wednesday.
Asian Shares Tumble As Global Recovery Hopes Falter
Asian shares fell on Thursday following a slump on Wall Street overnight, as a series of warnings from U.S. Federal Reserve officials underscored investor worries over the resilience of the economic recovery.
California Sets Goal To Ban Sale Of New Gasoline-powered Passenger Vehicles Starting In 2035
California plans to ban the sale of new gasolinepowered passenger cars and trucks starting in 2035 as the top U.S. auto market shifts to electric vehicles to reduce climatewarming emissions, Governor Gavin Newsom said on Wednesday.
Dollar Shines As Virus, Economy Woes Hit Risk Assets
The dollar extended gains against most currencies on Thursday as signs of economic slowdown in Europe and the United States renewed concern about a second wave of coronavirus infections.
ByteDance Applies For Tech Export Licence In China Amid TikTok Deal Talks
TikTok owner ByteDance has applied for a licence in China in line with the country's tech export requirements, as it strives to seal a deal with Oracle Corp and Walmart Inc for TikTok's U.S. operations to stave off a U.S. ban on the app.
GoodRx Shares Jump 40% In Nasdaq Debut After $1 Billion IPO
Shares of privateequitybacked GoodRx Holdings Inc surged 40% in their debut on the Nasdaq on Wednesday after the online prescription drug platform raised $1.14 billion in its initial public offering.
Americans Load Up On Candy, Trick Or Treat - Or Not
Americans may not know if trick or treating will happen this year because of the pandemic, but theyre buying a lot of Halloween candy while they wait to find out.
Tech Lifts World Stocks As Economy Back In Focus
World shares stabilised and the dollar rose on Wednesday with overnight gains of stayathome Wall Street tech champions helped balance concerns that new restrictions to counter resurging coronavirus infections will hurt economic recovery.
RIL Top Gainer on Sensex, Share Price Rises 3% After Investment by KKR in Reliance Retail
Global investment firm KKR will invest Rs 5,550 crore in the RIL's retail subsidiary Reliance Retail for a 1.28 per cent stake.
