Economy

Coronavirus Pandemic May Increase Poverty Levels for the First Time Since 1990

Indeed global breakout of deadly Coronavirus will be among the greatest pandemic the World will have experienced in the 21st Century if not the greatest. It’s no longer a question of whether the global economy will plunge but by how much will it. A confederation of independent charity organizations known as Oxfam has released a […]

JPMorgan Might Just Withdraw 2020 Dividend

Coronavirus pandemic seems to be affecting each sector of different economies without favor, it’s now clear different industries are being affected directly or indirectly by this untimely global pandemic. First it started by the airline industry and the hotel industry taking the heat generated by outbreak of deadly coronavirus since countries started suspending flights and […]

New York Governor Confirms His Brother is Infected With Coronavirus

The Governor of New York, Andrew Cuomo, has confirmed that his brother, Chris Cuomo, has tested positive for the coronavirus disease. The Governor revealed this information on Tuesday and on this day, New York State recorded more than 9,000 new infections. With these new infections, total number of coronavirus cases in New York now stands […]

GE Partners With Ford to Produce 50,000 Ventilators in 3 Months

U.S based car manufacturer Ford Motor Co. (F) has announced its partnership with health care unit of General Electric (GE) to produce 50,000 ventilators in 100 days so as to combat break out of deadly coronavirus in the United States. In what stated as a non-alarming situation in the United States, Coronavirus has now emerged […]

U.S Senate Passes a $2 Trillion Bill to Combat Coronavirus Pandemic

On Wednesday the U.S Senate unanimously voted for a $2 trillion bill to assist in the fight against breakout of deadly coronavirus which is spreading in the United States more rapidly than anyone could have anticipated. Largely, this funds will be used to support unemployed peoples, purchase of critically needed medical equipment and injecting financial […]

Twitter Drops Q1 Financial Guidance Due to Coronavirus

Without a doubt outbreak of deadly coronavirus has and continues to affect the entire world in worst ways no one would have ever imagined. The effects of this epidemic are being felt in each sector of any given economy in the entire world. Widely used social media network Twitter Inc. (TWTR) has not been left […]

Facebook, Inc (NASDAQ:FB) Facing Allegations Of Frustrating Users That Report Fake Accounts

For a company of Facebook, Inc (NASDAQ:FB) stature, the bizarre incident that is happening is shocking. Who would have imagined this social media giant would trend on twitter for locking out users on flimsy grounds? Users launch complaints A large number of users have complained, saying that Facebook locked their account simply because they reported […]

New CEO Of HP Inc (NYSE:HPQ) Aims To Save $1 Billion Annually By Reducing Staff Of Up to 9,000

Enrique Lores, the new Chief Executive Officer of HP Inc (NYSE:HPQ), unveiled restructuring plans that could save $1 billion annually and improve printer and ink sales. If implemented, around 9,000 employees would lose their jobs. The new restructuring initiative would slash the HP rankings by 16%. Eliminate 9,000 jobs in 3 years According to a […]

China’s Generous 10% Tax Exemption Drives Sales Of Tesla Inc (NASDAQ:TSLA) ‘s Car Models Model X, Model S, And Model 3

In September 2019, China has granted a 10% car purchase exemption for Tesla Inc (NASDAQ:TSLA) cars. As a result of this generous discount, the Chinese enjoy a cash discount of up to $13,960 on Tesla car purchases. The great demand for Model S, 3, and X Chinese are in queue to buy premium Tesla cars […]

Amazon.com, Inc. (NASDAQ:AMZN) ‘s Demand For More Ad Space Would Impact The Future Of Walt Disney Co (NYSE:DIS) Apps On Fire TV

The war is raging between Amazon.com, Inc. (NASDAQ:AMZN), and Disney over the former’s demand for more ad space inventory. According to WSJ, Walt Disney Co (NYSE:DIS) has resisted the move of Amazon for a large chunk of the ad space on Disney Apps. It could affect the future screening of Disney Apps on the Fire […]