Saturday, October 23, 2021

Business

Dow Futures rose over 200 points beyond earning season

Stock futures jump overnight Monday trading as investors brace for what might an unpleasant earnings season with the COVID-19 bring about havoc on worldwide corporate profits. Dow Jones Industrial Average futures jump to 256 points, mentioning a Tuesday opening...

More Disney employees reach agreement on coronavirus furloughs

Another two groups came to an agreement with Walt Disney World due to the absence of these park hotels at the time of Coronavirus crisis. The deal was held on Friday that would be applicable for security workers and other...

3M declares New Jersey firm tried to use its name to sell $45 million worth of masks

On Friday, producers of the N95 mask put a lawsuit in New York while claiming that another firm that has made efforts to trade its respirators at extremely high prices. 3M said that Performance Supply LLC of New Jersey has...

Starbucks second-quarter sales to decrease 46% amid Coronavirus epidemic

On Monday, Starbucks said that its second-quarter sales are reduced to its half due to the Coronavirus epidemic that halted its earning from two main markets. Starbucks stock market downfall by 2%, its shares’ market worth is 84 billion dollars,...

Biggest downfall at Lufthansa that says aviation won’t improve for years

One of the dominant European airlines, Lufthansa is going to shut down some of the low-cost carriers and decrease the size of its fleet. The airline even said it would take years to attain the previous position amid Coronavirus...

Joe Tsai, the co-founder of Alibaba, donates masks and ventilators to New York

Joe Tsai, billionaire and co-founder of Alibaba eCommerce Chinese biggest platform, and his wife, Clara Wu Tsai, have decided to support New York by donating 170,000 ventilators and 2.6 million masks due to the pandemic Coronavirus. The whole supply separated...

Bank of America softens loans criteria for small businesses amid coronavirus

On Saturday, Bank of America has decided to enlarge the eligibility criteria for government supported program, especially for those who were severely affected by the pandemic Coronavirus, to offer loans for small businesses. The action badly criticized by the clients...

Dubai’s 2020 Expo delayed a year due to COVID-19

United Arab Emirates-- Dubai's 2020 Expo should be delayed for one year due to the novel Coronavirus, local organizers described on Monday that sheikdom has fixed billion dollars bet to restore its weak economy. The alternative decision would be made...

UK administration will pay 80% of salaries as it closes pubs amid Coronavirus

On Friday, the government of UK announced that they will support employees’ salaries who are facing unemployment due to Coronavirus outbreak, and they gave instructions to close all restaurants and pubs to resist pandemic. Rishi Sunak, a finance minister, said...

China reported Jan-Feb business activity worse than expected

The consumer spending of China, as well as other economic activities, fell badly even than expected in the first two months of 2020 due to coronavirus outbreak. It adds more difficulties for the ruling Communist Party as it is...

Latest News

Ex-US President Trump Launches His Own “TRUTH Social” Media Platform

On Wednesday, Donald Trump, former United States President, proclaimed he would be introducing his very own media network, including...