US death toll tops 100,000 Peter Wells in New York More than 100,000 people in the US have died from coronavirus, the most in the world, according to a widely-followed tally from Johns Hopkins University. The national total hit 100,047, ticking past the grim milestone on Wednesday evening New York time, and representing 28.3 per
Month: May 2020
Rival factions on the WeWork board are heading for a showdown over who can claim to represent the company, after a court cleared the SoftBank-backed co-working group to appoint two new directors. WeWork told a court on Wednesday that a board meeting this Friday would vote on appointing Alex Dimitrief, former general counsel of General
An unprecedented public health and economic crisis hasn’t stopped hundreds of financial advisors from switching firms. A look at 32 recent recruiting moves and news in the independent space shows that the pandemic has only taken the firms’ operations virtual rather than hindering them. If the coronavirus impeded any moves, the disruption amounted to temporary
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower late Wednesday, shortly before the release of the American Petroleum Institute (API) weekly inventories report at 20:30 GMT. Oil prices tumbled early in the session after U.S. President Donald Trump said he was working on a strong response to China’s proposed security
This is a big deal as it is a slippery and obvious slope into government control of all corporations. We are seeing similar actions take place in… by Josh Sigurdson of World Alternative Media Josh Sigurdson reports on the recent massive bailout of Lufthansa, the largest German airline and the second largest airline in Europe.Lufthansa
FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo BOSTON (Reuters) – William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the
LG Electronics has joined the governing council of Hedera Hashgraph, the enterprise-grade public distributed ledger platform. LG serves as the council’s fourteenth member, sitting alongside Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and other leading organizations. Hedera Hashgraph CEO Mance Harmon told Cointelegraph that LG is the first home appliance manufacturer to join the Hedera
Over 30 million Americans have filed for unemployment amid the coronavirus pandemic. mpi43/MediaPunch/MediaPunch/IPx Topline: As the coronavirus pandemic keeps Americans confined to their homes, nearly every industry has been negatively impacted by the disease, and businesses losing out on cash flow have started laying off workers. Here’s who’s axed staff so far: Airlines & Transportation
A for sale sign is seen near a house for sale in South Pasadena, California on April 24, 2020. Frederic J. Brown | AFP | Getty Images Home prices were still gaining steam in March, as the country began shutting down in the face of the coronavirus pandemic. On a national level, prices in March
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned Zhan two times not to intervene with employees. Last October, news.Bitcoin.com reported on the
TOPLINE With the coronavirus pandemic wreaking havoc on the U.S. economy, the unemployment rate has skyrocketed, and it could remain high for the next two years as many job losses won’t recover quickly, Goldman Sachs says in a recent note. Widespread unemployment could linger longer than expected and slow an economic recovery. Nam Y. Huh/ASSOCIATED
Economic activity dropped sharply in most districts of the country, with a “highly uncertain” outlook and pessimism about recovery, according to the Federal Reserve’s Beige Book, released on Wednesday. Although as reopening of the economy begins there is hope for improvement, the report showed widespread pain. With nonessential businesses still mostly shut when the survey
And the W’s just keep on coming for Sorrento Therapeutics (SRNE). Reflecting a major step forward in the advancement of its candidate, STI-6129, a CD38-targeting antibody-drug conjugate (ADC), the company received the all-clear from the FDA to submit an Investigational New Drug (IND) application. Part of the excitement surrounding this announcement is related to the
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nordstrom – Shares of the retailer surged more than 12%, making it the top-performing stock in the S&P 500,
by Joaquin Flores via Strategic Culture Foundation The Democrat Party’s GOTV (Get Out the Vote) program relies on labor unions and the NGO sector. Those who organized these directly as this writer has, or those who have been on the receiving end of it, will understand how this zeal, backed by the force of law under the auspices
FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo BOSTON (Reuters) – Billionaire investor William Ackman told investors on Wednesday that his funds have gained as much as 27% this year and that
Real estate investment trusts (REITs) is one of the most popular options for investors seeking regular income. A REIT must distribute more than 90% of its earnings each year in order to maintain its tax-free status. For investors, that means relatively high dividend payments and consistent dividend policies. They have become popular with investors because
SoFi CEO Anthony Noto told CNBC on Wednesday that the fintech company’s investing platform has seen a strong increase in users this year, in what has been a volatile period for financial markets. “We’ve seen the number of people that use SoFi Invest double, the number of accounts open since the beginning of the year,”
Bill Ackman has sold his stake in Berkshire Hathaway, he disclosed on Wednesday, saying his hedge fund can seize on opportunities in the market faster than Warren Buffett’s sprawling conglomerate. “The one advantage we have versus Berkshire is relative scale,” Mr Ackman said on a quarterly call with investors in his hedge fund, Pershing Square.
IWG, the flexible office provider, intends to raise a £315m war chest in order to fund its growth and pursue the acquisition of rivals hit by the effects of coronavirus. The company, formerly known as Regus, said that the virus and its impact on the office market presented “an increased number of attractive organic and
On May 15, 2020, the SBA published the Paycheck Protection Program Loan Forgiveness Application (SBA Form 3508). While the application clears up several of the outstanding questions that borrowers may have with regards to forgiveness eligibility, there are still some questions left unaddressed. As a crisis management professional, I have been immersed in all things
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - There are several factors that could fuel volatility in equities this summer, said Verdence Capital Advisors. The S&P 500 has rallied
There is going to come a time when everyone will want to talk about silver… John Rubino interviewed on USA Watchdog by Greg Hunter The case for owning precious metals is easy to make, especially silver. According to financial writer John Rubino, it now takes 100 ounces of silver to equal the value of 1
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Gold remains in a bullish trend, with prospects for an economic recovery that will take a while and the likelihood that
Food prices seem really high right now, but they are only going to go up from here… by Michael Snyder of The Economic Collapse Blog If you have been to a grocery store lately, then you already know that prices are higher than usual and that there are shortages of certain items. Many Americans have
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Swiss trade data confirm the view that gold demand from key Asian nations remains weak but “robust” demand from exchange-traded funds
Pity this year’s crop of graduates, not for missing out on their senior year, but because they have spent their entire lives in a state of emergency… by John Whitehead via The Rutherford Institute Don’t pity this year’s crop of graduates because this COVID-19 pandemic caused them to miss out on the antics of their
S&P 500 futures trade higher for the third consecutive session as the optimism around the reopening of the economies boosts investor sentiment. Traders ignored the rising tensions between the USA and China after President Trump said that he is preparing to take measures against China over its plan to impose new security laws in Hong
Geo-political tensions are rising… (Silver Doctors Editors) Protests in Hong Kong have begun again, which ultimately adds to the tensions between the US and China. Here’s what’s been going on, from the NY Times: Antigovernment protests have roiled this semiautonomous Chinese city for months, but the anger remains palpable. Protests swelled again after Beijing announced
On Wednesday, gold and silver futures prices have seen a significant decline. The futures price of gold on MCX was declining by 0.56 per cent or Rs 261 on Wednesday morning at Rs 46,061 per 10 grams. Apart from this, on Wednesday morning, the gold futures price of five August 2020 on MCX was down
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