Economic Indicators14 hours ago (May 15, 2020 07:10PM ET) (C) Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in London LONDON (Reuters) – Britain’s lowest-earning workers have suffered the biggest jobs hit since the coronavirus crisis engulfed the country, a survey showed on Saturday. Of the lowest-paid fifth […]
Buying Giphy Gives Facebook a New Window Into Its Rivals
Facebook announced Friday it was acquiring Giphy, a leading service for making and sharing GIFs that will now be part of Instagram, a leading service for making and sharing photos. Even if you’ve never visited Giphy’s website, you’ve likely seen its footprint on social media, dating apps, maybe even in […]
‘Lot of work to do’ on EU’s COVID recovery fund: official
Economic Indicators17 hours ago (May 15, 2020 04:30PM ET) (C) Reuters. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels By Robin Emmott BRUSSELS (Reuters) – There is still “a lot of work to do” on the European Union’s planned coronavirus recovery fund, a senior EU […]
Foreign selling of U.S. Treasuries hit record high in March: data
Economic Indicators17 hours ago (May 15, 2020 04:10PM ET) NEW YORK (Reuters) – Foreign investors sold a record amount of U.S. Treasury bonds and notes for the month of March, according to U.S. Treasury Department data on Friday, as the coronavirus pandemic caused a dislocation in the market that saw […]
Brazil has deferred or reduced $29 billion in taxes amid pandemic: revenue service
Economic Indicators17 hours ago (May 15, 2020 03:50PM ET) BRASILIA (Reuters) – Brazil has deferred or reduced taxes worth 170 billion reais($29.15 billion) due to coronavirus crisis and is considering whether to extend tax deferrals before the end of the month, federal revenue service chief Jose Tostes Neto said on […]
Japan wholesale prices fall at fastest pace in four years on pandemic hit
Economic Indicators18 hours ago (May 15, 2020 03:20PM ET) By Leika Kihara TOKYO (Reuters) – Japan’s wholesale prices declined at the fastest annual pace in nearly four years in April, adding to fears the country may slip back into deflation as the coronavirus pandemic wreaks havoc on the world’s third-largest […]
What’s the Strange Ailment Affecting Kids With Covid-19?
The list of things that Covid-19 does to the body keeps getting longer. Between the cytokine storms, the neurological ailments, the swollen-up toes, it’s all rather confusing, frightening, and yes, decidedly weird–though, as virology Twitter will happily remind you, “all viruses are weird.” Everything You Need to Know About the […]
Coronavirus boosts U.S. layoffs; job openings fall
Economic Indicators20 hours ago (May 15, 2020 01:30PM ET) (C) Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19), in Fayetteville By Lucia Mutikani WASHINGTON (Reuters) – Layoffs in the United States jumped to a record high in March, while the number of people voluntarily quitting their jobs dropped […]
The US Will Help a Taiwan Firm Build a Chip Plant in Arizona
In a one-two punch aimed at China’s rising technological prowess, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading contract manufacturer of chips, said it would build a manufacturing plant in the US and the White House announced new rules to block Huawei‘s access to such cutting-edge components. TSMC said Friday […]
U.S. consumer sentiment edges up in May but worries about social isolation grow
Economic Indicators21 hours ago (May 15, 2020 12:25PM ET) 2/2 (C) Reuters. Outbreak of the coronavirus disease (COVID-19) in Massachusetts 2/2 (Reuters) – U.S. consumer sentiment rose unexpectedly in early May after a record plunge a month earlier as emergency assistance payments improved household finances hurt by mass layoffs from […]