Business

Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Nike‘s quarterly earnings and revenue trounced analysts’ estimates,
0 Comments
TransferWise co-founders Kristo Käärmann and Taavet Hinrikus. TransferWise LONDON — TransferWise, one of Europe’s most valuable private financial technology firms, just posted its fourth consecutive year of profitability. The online money transfer service said Wednesday that its net profit more than doubled to £21.3 million ($27.1 million) in the fiscal year ending March 2020. Annual
0 Comments
Erroneous and reversed coronavirus guidance from the nation’s top health agency amid reports of tampering from Trump administration officials is “deeply concerning” and could “ruin the credibility” of the agency, Dr. Scott Gottlieb told CNBC on Tuesday.  On Monday, the U.S. Centers for Disease Control and Prevention said it erroneously posted draft guidance on airborne transmission of
0 Comments
While the stock market continues to struggle, the dollar is kicking off the week around six-week highs.  However, Brown Brothers Harriman’s Win Thin warns the greenback won’t stay there because the backdrop supports another leg lower. He expects the U.S. Dollar Index  to test Feb. 2018 lows — which would be around the “88 and change”
0 Comments
TikTok logo displayed on a phone screen is seen with Walmart logo in the background in this illustration photo taken on September 21, 2020. Jakub Porzycki | NurPhoto | Getty Images Brick-and-mortar giant Walmart may seem like an odd match for TikTok, an algorithm-driven social platform known for hosting memes and viral dance challenges. But a
0 Comments
The World Health Organization warned Friday that the coronavirus is “not going away,” noting that it’s still killing about 50,000 people a week.  “That is not where we want to be,” Dr. Mike Ryan, executive director of the WHO’s health emergencies program, said of Covid-19 deaths during a news conference at the agency’s Geneva headquarters.
0 Comments
A store displays a sign before closing down permanently in Arlington, Virginia. OLIVIER DOULIERY/AFP via Getty Images States are poised to raise taxes on businesses starting next year and cut jobless benefits for workers as the coronavirus-fueled downturn continues to stress unemployment systems around the country. Industries like bars and restaurants that were hit hardest
0 Comments
Robert Redfield, director of the Centers for Disease Control and Prevention (CDC), speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Erin Scott | POOL | Reuters The Centers for Disease Control and Prevention on Friday reversed controversial coronavirus testing guidance, which previously said that people who
0 Comments
Global cases of the coronavirus have now crossed 30 million, as new infection rates remain stubbornly high in some countries and show early signs of resurgence in others. The U.S., India and Brazil hold the highest national case tallies — together the three countries account for over half of all reported global infections. The dramatic benchmark
0 Comments