Business

Refiners’ October oil processing highest since March

NEW DELHI: Crude oil processed by refiners rose to its highest in seven months in October as fuel demand picked up although throughput remained lower than a year earlier, hurt by the coronavirus pandemic’s impact on industrial and transport activity. Crude oil throughput in October dropped 16.1% from a year earlier to 4.35 million barrels […]

World News Live

Russian Virus Vaccine To Cost Less Than USD 10 Per Dose Abroad

Moscow, Nov 24 (AP) Russia released new results Tuesday claiming its experimental COVID-19 vaccine was highly effective, and promised it would cost less on international markets than vaccines by some of its Western competitors. According to the Russian Direct Investment Fund, which bankrolled the development of the jab, Sputnik V will cost less than 10 […]

Technology

Infinix Zero 8i With 48-Megapixel Quad Rear Camera and Dual-Selfie Camera Set to Launch in India on December 3

Infinix Zero 8i will launch in India on December 3, the company announced. Infinix Zero 8i was launched in Pakistan last month in a solo 8GB RAM + 128GB storage configuration. The phone is expected to have the same specifications as the variant launched in Pakistan. Key features include a quad rear camera setup featuring […]

Vivo V20 Pro India Launch Teased as ‘Coming Soon’, Tipped to Arrive on December 2

Spotify Starts ‘Rolling Reset’ of User Passwords Found Victim to Possible Credential Stuffing Operation

Technology

Amazon Web Services outage causes issues for Roku, Adobe

Attendees at Amazon.com Inc annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, Nevada, U.S., November 30, 2017. Salvador Rodriguez | Reuters Amazon‘s cloud-computing service on Wednesday was hit with an outage that took down some websites and services. A notice on Amazon Web Services’ status page said it was […]

How Indian Tech Startup Khatabook Found Opportunity in Ledgers and Accounts

Egyptian Inventor Trials Robot That Can Test For COVID-19

Recent News

Economy

Another record low mortgage rate just caused mortgage demand to jump

Mortgage interest rates have set record lows more than a dozen times this year, and last week there was yet another. That caused mortgage application volume to increase 3.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications led the way, climbing 5% for the week to the […]

Economy

Weekly jobless claims higher than expected, labor market takes hit from rising Covid cases

The pace of first-time filings for jobless claims picked up last week, with the jobs market showing increasing vulnerability to the coronavirus spread. Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed by Dow Jones and up from 742,000 the previous week. Continuing claims for those collecting […]

Economy

October existing home sales see ‘spectacular’ 26.6% annual increase

Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually to a seasonally adjusted annualized rate of 6.85 million units, according to the National Association of Realtors. The NAR’s chief economist, Lawrence Yun, called the annual increase “a spectacular gain.” The annualized sales rate is the highest […]

Economy

JPMorgan becomes first major bank to say first quarter GDP will decline because of coronavirus surge

Volunteers from women’s organization Nuevo Amanecer Mujer Integral help with the distribution of frozen turkeys and food boxes ahead of Thanksgiving to families affected by the Covid-19 pandemic on November 18, 2020 in Los Angeles, California. Frederic J. Brown | AFP | Getty Images JP Morgan economists now see an economic contraction in the first […]

Economy

Weekly jobless claims:

The pace of workers filing for unemployment claims picked up last week and was a bit higher than Wall Street had been expecting. Jobless claims totaled 742,000 for the week, ahead of the 710,000 estimate from economists surveyed by Dow Jones, according to the Labor Department. That total also represented an acceleration from the previous […]

Economy

Bostic says Fed’s tools still have ‘juice’ and will be used if the economy slows

Atlanta Federal Reserve President Raphael Bostic said the central bank is prepared to step in with more policy help if needed to help businesses and people get through what could be some tough months ahead. Even with the prospects of at least two vaccines becoming available in the coming months, Bostic said there are multiple […]

Economy

Weekly jobless claims fall in another sign of labor market improvement

First-time claims for unemployment insurance continued their decline last week, hitting another pandemic-era low in a sign that the labor market is gradually improving. The Labor Department reported Thursday that jobless claims hit 709,000 for the week ended Nov. 7, down from 757,000 the week before. Economists surveyed by Dow Jones had been looking for […]

Economy

What scares Jerome Powell most about the economy right now

The Fed: What scares Jerome Powell most about the economy right now Search quotes, news & videos Source link