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Coronavirus Update: Uber, Lyft Cut Jobs, UnitedHealth Offers Discounts

  • Coronavirus Update: Uber, Lyft Cut Jobs, UnitedHealth Offers Discounts Coronavirus Update: Uber, Lyft Cut Jobs, UnitedHealth Offers Discounts 2:41
    Opinion: Coronavirus Vindicates Capitalism Opinion: Coronavirus Vindicates Capitalism 2:36
6:15 a.m. Sept. 28, 2020 - By Lina Saigol
Uber wins 18-month license to continue to operate London Judge rules Uber “fit and proper,” after the ride-hailing app won an appeal to hold a license in London despite “historical failings.”
2:07 p.m. Sept. 14, 2020 - Associated Press
Boris Johnson defends plan to rewrite Brexit deal, says EU ‘unreasonable’ Conservative government admits bill violates ratified withdrawal treatyBritish Prime Minister Boris Johnson on Monday defended his plan to unilaterally rewrite Britain’s divorce deal with the European Union as an insurance policy against the bloc’s unreasonable behavior — even as his former attorney general joined the ranks of once-loyal lawmakers condemning the contentious move.
8:01 a.m. Sept. 14, 2020 - By Michael Ashbaugh
Charting another bullish reversal: S&P 500, Nasdaq rally from key support Focus: Japan’s stealth breakout attempt, Amazon narrowly holds key support, EWJ, AMZN, VFC, CROX, TMU.S. stocks are firmly higher early Monday, rising amid renewed vaccine optimism as well as merger and acquisition activity. Against this backdrop, the S&P 500 and Nasdaq Composite are concurrently rising from major support closely matching the 50-day moving average. The tandem successful retests preserve a bullish intermediate-term bias.
12:35 p.m. Sept. 13, 2020 - Associated Press
Former British prime ministers slam Boris Johnson on Brexit plan Major, Blair say government ‘is shaming itself and embarrassing our nation’Two former British prime ministers who played crucial roles in bringing peace to Northern Ireland joined forces Sunday to urge lawmakers to reject government plans to override the Brexit deal with the European Union, arguing that it imperils that peace and damages the U.K.’s reputation.
10:23 a.m. Sept. 10, 2020 - By Ciara Linnane
Coronavirus update: Global death toll tops 905,000, U.S. toll above 191,000 and experts slam Trump for playing down virus ‘If we’d had widespread mask-wearing mandates, we could have reduced deaths by as much as 20% to even 50%,’ says one expertThe number of global fatalities from the coronavirus that causes COVID-19 climbed above 905,000 on Thursday and the U.S. death toll rose above 191,000, amid widespread criticism of President Donald Trump’s handling of the crisis, after journalist Bob Woodward revealed that Trump admitted to him that he deliberately downplayed the virus in the early part of the outbreak.
5:36 a.m. Sept. 4, 2020 - By Barbara Kollmeyer
London builders under pressure as regulators open inquiry into leasehold marketLondon stocks were headed for the third straight losing week on Friday, with strong gains for mining companies but losses for building companies amid news regulators will open an investigation into the treatment of leasehold homeowners.
12:32 p.m. Aug. 13, 2020 - By Lina Saigol
Recession-proof your portfolio with these 4 stocks, says analystThe U.K. economy has officially crashed into recession following the economic shutdown in response to the coronavirus pandemic.
9:04 a.m. Aug. 12, 2020 - By Ciara Linnane
Coronavirus update: Global cases top 20.3 million, U.S. tally tops 5.15 million as Florida and Georgia see record one-day deaths British economy hit the hardest of any by COVID-19 as GDP shrinks by the most on recordThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 20.3 million on Wednesday and the U.S. case tally topped 5.15 million, as Florida and Georgia reported record one-day death tolls.
5:55 a.m. Aug. 10, 2020 - By Lina Saigol
Global unemployment fears rise as a third of U.K. firms prepare for a wave of layoffs Employers across all sectors will keep a tight rein on pay increases over the next 12 monthsLatest government figures show 9.6 million jobs have been furloughed, at a cost of £33.8 billion to the Treasury.
9:20 a.m. Aug. 5, 2020 - By Rachel Koning Beals
What if heat waves were named like hurricanes? New push draws mega insurers, Athens and Miami mayors, Red Cross and dozens more stakeholders Extreme Heat Resilience Alliance formed now because by mid-century heat waves are expected to affect more than 3.5 billion people globally Global mayors, insurance executives, scientists, forest restorers, the Red Cross and even more stakeholders are declaring “code red,” saying they can no longer wait to prepare for extreme heat as 30% of the world already copes with deadly heat waves lasting 20 days or longer.
2:42 p.m. Aug. 3, 2020 - Associated Press
Manhattan prosecutor cites ‘extensive and protracted criminal conduct at the Trump Organization’ in defending records demand Trump’s lawyers last month said the grand-jury subpoena for the tax returns was issued in bad faith by District Attorney Cyrus Vance Jr. and amounted to harassment of the presidentTrump’s lawyers last month said the grand-jury subpoena for the tax returns was issued in bad faith by District Attorney Cyrus Vance Jr. and amounted to harassment of the president.
10:27 a.m. Aug. 1, 2020 - By Philip van Doorn
5 stocks that should thrive as the digital payments trend ramps up Gert van der Geer of Pictet Asset Management focuses on 12 long-term global trendsGert van der Geer of Pictet Asset Management focuses on 12 long-term global trends.
3:37 p.m. July 25, 2020 - By Ciara Linnane
Coronavirus update: U.S. counts more than 1,000 fatalities for a fourth straight day as virus spread accelerates in South and West ‘What we have now are essentially three New Yorks, with these three major states,’ says Dr. Deborah Birx The coronavirus illness COVID-19 claimed another 1,100 lives in the U.S. in a single day to push the death toll above 145,000 on Saturday, marking a fourth straight day of more than a 1,000 U.S. fatalities.
8:01 a.m. July 17, 2020 - By Michael Ashbaugh
Charting a bullish holding pattern, S&P 500 traverses higher plateau Focus: VIX presses 200-day average, Home construction ETF tags four-month highs, Emerging markets sustain July breakout, ITB, EEM, ZS, PGR, LVGOU.S. stocks are mixed early Friday, largely treading water amid receding volatility. Against this backdrop, the S&P 500 has asserted a higher plateau — capped by next resistance (3,233) — while the Dow Jones Industrial Average digests a decisive early-week break atop its 200-day moving average.
2:08 a.m. July 15, 2020 - By Ciara Linnane
Coronavirus update: Global cases of COVID-19 climb above 13 million as California, Hong Kong and India reimpose restrictions on movement Earnings season kicks off with bank earnings showing expected boost in loan loss provisions and strong trading and investment banking resultsThe number of confirmed cases of the coronavirus illness COVID-19 climbed above 13 million on Tuesday, and the world’s eighth biggest economy, California, moved to again temporarily shut down higher-risk businesses such as bars and restaurants after a spike in hospitalizations.
12:22 a.m. July 15, 2020 - By Barbara Kollmeyer
This strategist says investors are in the ‘forest of make believe’ when it comes to growth stocks Critical information for the U.S. trading dayOur call of the day, from Nordea’s Sebastien Galy, says the mad rush for tech stocks is going to end in pain for some investors.
8:06 a.m. July 10, 2020 - Associated Press
Wimbledon is cancelled this year, but it will still pay out $12.5 million in prize money, to be split among 620 players “We know these months of uncertainty have been very worrying for the players, many of whom have faced financial difficulty during this period,” All England Club chief executive Richard Lewis said“We know these months of uncertainty have been very worrying for the players, many of whom have faced financial difficulty during this period,” All England Club chief executive Richard Lewis said.
11:06 a.m. July 9, 2020 - By Ciara Linnane
Coronavirus update: Global cases of COVID-19 top 12 million, and WHO warns pandemic is ‘not under control’ ‘We have to shut down again and bring the U.S. back up slowly, in a measured way,’ says Michael OsterholmThe number of confirmed cases of the illness caused by the coronavirus rose above 12 million on Thursday, as the World Health Organization warned that the pandemic is still accelerating and most countries do not have it under control.
10:03 a.m. July 8, 2020 - By Lina Saigol
Amazon drops online retailer Boohoo’s products amid allegations of poor working conditions and no COVID-19 protection Boohoo vows an immediate independent review of Leicester factoryShares of online fashion retailer Boohoo suffered heavy losses for a second day, even as the company said it would launch an immediate independent probe into allegations of poor conditions for workers and no protection from COVID-19.
7:48 a.m. July 6, 2020 - By Michael Ashbaugh
S&P 500 ventures atop key resistance (3,155), Nasdaq spikes to record high Focus: China takes flight from key support, FXI, AKAM, TEAM, SWKS, VRSKU.S. stocks are firmly higher Monday, rising after a strong batch of global economic data and following market-friendly remarks from China. Against this backdrop, the S&P 500 has ventured atop major resistance (3,155) — and is vying for its first close atop the inflection point since June 10 — while the Nasdaq Composite extends its July break to uncharted territory.
2:41 a.m. July 6, 2020 - By Barbara Kollmeyer
Lloyds shares rise as bank says longtime CEO Horta-Osório will step downLloyds Banking Group’s longtime chief executive António Horta-Osório will step down next year, the bank said, in news that appeared to give shares a boost on Monday.
1:18 p.m. July 2, 2020 - By Mark DeCambre
Dow books slight gain, Nasdaq ends at a record as rise in coronavirus cases caps rally on strong jobs report U.S. financial markets close Friday for July Fourth holiday weekendU.S. stock indexes ended a choppy session Thursday with meager gains to close out a holiday-shortened week, as a record rise in new coronavirus cases in states like Florida helped to erode some of the optimism surrounding a stronger-than-expected monthly employment report for June.
5:13 a.m. June 30, 2020 - By Lina Saigol
Pandemic ‘wrecks’ FTSE 100 dividend outlook for 2020, as U.K. payouts fall to lowest levels since 2014 Dividend payments are now expected to fall for two consecutive years before starting to forge a recovery in 2021, according to AJ Bell’s latest Dividend Dashboard reportThe forecast dividend payout for the FTSE 100 in 2020 has plunged by 17% compared with last year, AJ Bell data show.
4:24 a.m. June 29, 2020 - By Lina Saigol
Global IPO market springs back to life after two months in a deep freezeEuropean IPO markets are starting to show signs of life after the pandemic curtailed activity from March through to May.
11:03 a.m. June 27, 2020 - By Brett Arends
Hot springs in January, no traffic, and universal health care — the best retirement escape you’ve never heard of It’s not very hard to get a Portuguese passport, says Bostonian Matt Patsky Oh, and it’s not too hard to immigrate, says Boston finance executive Matt Patsky.
9:16 a.m. June 27, 2020 - By Mark DeCambre
Dow closes 730 points lower after spike in coronavirus cases forces Texas and Florida to close bars again, while bank stocks sink on stress tests Social media stocks take a hit as more companies pull ad spending on hate speech concernsU.S. stock indexes closed at their lowest levels in about two weeks Friday, after Texas and Florida were forced to backtrack on reopening their economies as coronavirus cases rose further and a record number of new cases were reported nationwide.
4:50 a.m. June 26, 2020 - By Greg Robb
Central banks need to re-think rules on risk-taking at hedge funds, insurance companies and even corporations, IMF’s market division chief says Central banks did the right thing in being aggressive, fast and large, but there are consequences for risk takingEmergency actions by central banks to shore up the financial system in the face of the coronavirus pandemic earlier this year were appropriate, but regulators will need to re-think the rules about risk-taking for hedge funds and insurance companies, often called non-banks that operate in the “shadow banking system”, the top financial regulator at the International Monetary Fund says.
12:35 p.m. June 25, 2020 - By Mark DeCambre
Dow logs a 300-point gain as banks rally ahead of stress-test results, but rise in coronavirus cases remains a worry Investors weight slight improvement in economic data and loosening of financial regulation against rising daily rate of coronavirus cases U.S. stocks closed solidly higher Thursday, recovering a chunk of Wednesday’s ugly loss, ahead of a key update of the banking sector from the Federal Reserve.
12:14 p.m. June 10, 2020 - By Catey Hill
‘Health care will keep us from going back to the U.S.’: Texas couple who retired to Spain on about $2,000 a month Though they ‘love America,’ this couple has chosen to put roots down in the coastal town of Dénia in SpainThough they ‘love America,’ this couple has chosen to put their roots down in the coastal town of Denia in Spain.
6:28 a.m. June 8, 2020 - By Rachel Koning Beals
We can restock the oceans by 2050, netting $10 for every $1 spent on conservation — here’s how World Oceans Day observed amid the COVID-19 fallout brings greater urgency to climate-change action for marine life and moreAllowing the planet’s ocean life to recover to full abundance by 2050 is not only achievable, a large group of research scientists says, but necessary to help feed the world and keep profitable tourism afloat.
4:29 a.m. June 8, 2020 - By Steve Goldstein
As statue of U.K. slave trader is toppled, these charts show big impact of slavery on British economyBritain’s role in the trans-Atlantic slave trade came into focus in the U.K. after a statue of a 17th-century slave trader was torn down by protesters.
4:42 a.m. May 30, 2020 - By Lawrence Cunningham
How Warren Buffett is fighting to ‘keep the wolves away’ from Berkshire Hathaway — and winning Famed investor values long-term ‘high quality’ shareholdersFamed investor values long-term ‘high-quality’ shareholders, writes Lawrence Cunningham.
8:52 a.m. May 29, 2020 - By Archie Mitchell
Businesses will need to contribute to wage bills as U.K government scales back financial support Furloughed workers will continue to have the majority of their wages covered by the state, but bosses will have to start contributing from AugustGovernment extend payments to the self-employed while scaling back employment support schemes as the U.K. emerges from lockdown
2:53 a.m. May 29, 2020 - By Barbara Kollmeyer
HSBC and Prudential drag down London stocks as investors eye U.S.-China tensionsLondon stocks came under pressure on Friday, putting a stop to a string of winning sessions as investors waited to hear what President Donald Trump will say about China at a planned press conference later.
10:22 p.m. May 20, 2020 - By Lina Saigol
U.K. raids £150 million from forgotten bank accounts to help charities battling the coronavirus crisis Accounts untouched for 15 years are deemed dormantU.K. government pledges to unlock £150m from unused bank accounts to fund ‘good causes.’
8:22 a.m. May 14, 2020 - By Callum Keown
Global insurers face losses of $204 billion from Coronavirus, more than 9/11 and 2017 hurricanes, says Lloyd’s of London The global insurance industry could lose more than $200 billion as a result of coronavirus, according to centuries-old insurance market Lloyd’s of London.
2:37 a.m. May 14, 2020 - By Steve Goldstein
FTSE 100 skids on concerns over economyU.K. stocks skidded lower on Thursday on worries markets have climbed too quickly in the face of the coronavirus pandemic still keeping most economies shut.
1:57 a.m. May 14, 2020 - By Lina Saigol
The doctor will see you now. But it won’t be face-to-face as telemedicine becomes the new normal Private equity and venture capital are set to be the big winners as coronavirus pandemic drives a surge in demand for telemedicine
5:03 a.m. May 9, 2020 - By Satyajit Das
Why dividend income will evaporate in the post-coronavirus market Government borrowing and low interest rates challenge income-focused investorsGovernment borrowing and low interest rates challenge income-focused investors, writes Satyajit Das.
5:13 a.m. May 2, 2020 - By Mark Decambre
Buffett's Berkshire spent the coronavirus-induced stock-market rout growing cash to a record $137 billionWarren Buffett's Berkshire Hathaway spent the first quarter, a period of historic turmoil fueled by COVID-19, stockpiling cash to record proportions, public filings show. Berkshire Hathaway Inc. apparently saw its holdings of cash and equivalents balloon to a record $137.2 billion at the end of the first quarter, up from about $128 billion at year-end, suggesting that the legendary investor, viewed as a white knight of sorts on Wall Street, has stayed on the sidelines amid one of the most turbulent periods in financial markets in decades. The Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite all tumbled into a bear-market in March, typically defined as a drop of at least 20% from a recent high, hit the lows of that rout on March 23. Since that point, however, stocks have climbed by more than 20% as the market attempted to recover from the effects of the worst pandemic in more than a 100 years--one that caused economies to fall into a recessionary state as businesses across the globe were forced to shut down to slow the spread of the deadly pathogen. Berkshire also has been hit by the epidemic that has and claimed about 240,000 lives globally since the illness was first identified in December in Wuhan, China. The conglomerate of $49.7 billion, or $30,653 per class A share. However, Berkshire's first-quarter operating earnings were $5.9 billion or about $3,619 per class A share. Buffett is scheduled to host a annual shareholder meeting later today at 4:45 p.m. Eastern Time, where he may offer more clues on his strategy during this public-health crisis.
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