For the first time during the pandemic, weekly unemployment claims dipped below 1 million, but there are likely to be many more Americans eligible for unemployment benefits that were not applicable. When the $ 2 trillion CARES law was passed in March, the self-employed, self-employed, gig workers and other non-traditional …
Read More »UK beats two Covid-19 vaccine cases for 90 million doses
The UK government said on Friday it had signed deals for a further 90 million doses of coronavirus vaccines as the country raced to secure supplies of experimental shots to combat the pandemic. Under the new agreements in principle, the American medicine developer Novavax NVAX, + 7.12% will supply 60 …
Read More »European stocks tumbled on sluggish Chinese data and France’s British quarantine
Published: August 14, 2020 at 5:27 AM ET European equities fell sharply on Friday as the UK’s move to add France to its list of quarantined travel stocks and Chinese economic data disappointed. Continued delays and concerns about a fresh round of U.S. stimulus also weighed on sentiment, and investors …
Read More »Asian markets mutate as traders wait for US stimulus pending
Asian markets did not change much in early trading on Friday, after shares fell on Wall Street when the stalemate over a second coronavirus relief plan continued on Capitol Hill. Japanese Nikkei 225 NIK, + 0.06% was almost flay, while Hong Seng’s Hang Seng Index HSI, -0.05% 0.2% glide. The …
Read More »Baidu sees advertising revenue in Q2 shrink 8%
US Treasury Treasury in China-Based Search Engine Baidu Inc. BIDU, -1.22% fell more than 6% in the extended session Thursday after the company reported a adjusted profit above Wall Street expectations and sales that met forecasts, but said its online advertising sales fell 8% year-on-year. Baidu said it earned RMB3.6 …
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