Business

Honda sees 68% drop in annual profit due to coronavirus

TOKYO: Honda Motor Co on Wednesday forecast a 68% fall in annual operating profit as it anticipates a hit from falling sales as demand for cars has plunged due to the coronavirus pandemic. Japan’s No. 3 automaker expects profit to sink to 200 billion yen ($1.89 billion) in the year to end-March 2021, worse than […]

World News Live

10 Dead Whales Found On Indonesian Beach, 1 Saved By Locals

Ten whales were found dead on an Indonesian beach Thursday. (AFP) Kupang, Indonesia: Ten whales were found dead on an Indonesian beach Thursday, officials said, with images showing locals rushing to push a still-living member of the stricken pod back into the sea. The marine mammals, ranging from 2-6 metres (6.5-20 feet) in length, were […]

Technology

Realme 6 Pro Lightning Red Colour Option Launched, to Go on Sale During Flipkart Big Saving Days

Realme 6 Pro Lightning Red colour option has been quietly listed on Flipkart. The new variant is set to go on sale from 12am (midnight) at the start of Flipkart Big Saving Days sale tomorrow, August 6. The new colour option has a lightning-shaped back panel gradient finish. The red colour is splattered in different […]

Microsoft xCloud for Android Game Streaming Service Launches September 15 on Xbox Game Pass Ultimate

Amazon, Flipkart Sales Start Tonight: Upcoming Deals on Mobile Phones, Electronics

Technology

Alibaba Health raises $1.3 billion in HK’s biggest secondary share sale in 5 years

HONG KONG Alibaba Health Information Technology has raised nearly $1.3 billion in Hong Kong’s largest follow-on share sale since 2015, and industry experts say this could prompt more firms to tap investors for cash in the Asian financial hub. The Chinese company, an arm of internet retail giant Alibaba Group, said on Wednesday it would […]

Realme C15 Surfaces on Company’s India Website, May Launch Soon

27-Inch iMac Refreshed With 10th-Gen Intel Core Processors, 1080p Webcam

Recent News

Economy

Home prices see strong June bounce, but economists warn it likely won’t last

The first read on home prices in June is proving just how resilient the housing market has been in the face of an ongoing economic disaster. Strong demand for housing, much of it pushed by the coronavirus pandemic itself, is driving prices higher faster, but forecasters say that may not last. Nationally, home prices increased […]

Economy

The record-setting jobs comeback looks like it could be coming to an abrupt halt

An aerial view of a construction worker roofing an apartment home on May 27, 2020 in Uniondale, New York. Al Bello | Getty Images Record-breaking job creation in May and June appear to be giving way to a more subdued pace, with a possibility that some of those gains even will be reversed. Current consensus […]

Economy

Economy faces bumpy ride during healing phase

Economy

Personal income and spending June 2020

U.S. consumer spending increased for the second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in Covid-19 cases and the end of expanded unemployment benefits. The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds […]

Economy

Here’s what changed in the July Fed statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on June 10. Text removed from the June statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. […]

Economy

Interest rates held steady, economic growth is ‘well below’ pre-pandemic level

The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy. In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero, where it has been since March 15 in the early days of the pandemic. Along […]

Economy

Full recap of Powell’s market-moving comments

Fed meeting July 2020: Full recap of Powell’s market-moving comments SEARCH QUOTES Source link

Economy

U.S. weekly jobless claims rise again, total 1.434 million

The number of Americans who filed new claims for unemployment benefits last week totaled 1.434 million, the Labor Department reported Thursday, roughly in line with expectations, as the coronavirus pandemic continues to ravage the U.S. economy.  It was the 19th straight week in which initial claims totaled at least 1 million and the second consecutive week […]