Friday's report from the Labor Department is likely to show the U.S. unemployment rate shooting up to almost 20% in May, a new post-World War Two record, but investors have so far shrugged off dire data on hopes that an easing of coronavirus-led lockdowns would revive business activity. The Nasdaq 100 became the first U.S. equity index on Thursday to reclaim its all-time high, with the rebound driven partly by tech-related firms including Amazon.com Inc and Netflix Inc. The Nasdaq Composite, which is more closely watched than the Nasdaq 100, is just about 2% below its own record high, while the S&P 500 and Dow Jones indexes are 8% and 11% below their respective all-time highs.
OKEx (www.okex.com), the world's largest cryptocurrency spot and derivatives exchange, announces that OKB Blockchain Foundation, the issuer of OKB, has launched its eighth and largest buy-back and burn of OKB tokens. From the period between March 1 and May 31, a total of 3,509,874.52 OKB was bought back and burned (equivalent to USD $19,000,000, as per OKB price on June 2, 2020). This represents a $1 million increase from the previous period.
Tim Davie has been appointed the new head of the BBC and will take over the role at the start of September, the publicly funded British broadcaster announced on Friday. Davie, currently chief executive of BBC Studios and also responsible for developing the BBC’s international brand and editorial strategy, will replace Tony Hall in the most high-profile broadcasting job in Britain. "This has been a critical time for the UK and these past few months have shown just how much the BBC matters to people," Davie said.
Shareholders of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will be pleased this week, given that the stock...
Dublin, June 05, 2020 -- The "Remote Asset Management Market by Component (Solutions (APM, Analytics and Reporting) and Services (Professional Services, Managed Services)),.
The "Vitamin B12 Market Insights 2020, Analysis and Forecast Global and Chinese Market to 2025, by Manufacturers, Regions, Technology, Application, Product Type" report has been added to ResearchAndMarkets.com's offering.
Suddenly, Americans across a range of income levels are being forced to make difficult choices -- decisions that could impact their long-term financial well-being. If your income has dropped over the past few months, or you're simply concerned about preserving your income, you may be thinking of reducing or halting your retirement plan contributions. Around 21% of Americans who are 10 years or more away from retirement have either cut back on or suspended contributions to their IRAs or 401(k)s because of the pandemic, reports Personal Capital in a new survey.
A fresh bout of optimism is driving gains for European stocks and U.S. equity futures, with reports of potentially more U.S. stimulus, as investors wait for an important U.S. jobs report.
The "Analysis of the Two-wheeler Motorcycle Market in Key ASEAN Countries, Forecast to 2020" report has been added to ResearchAndMarkets.com's offering.
(Bloomberg) -- Malaysia unveiled 35 billion ringgit ($8.2 billion) in additional stimulus to help the economy recover from the coronavirus pandemic.The new plan, which follows a late-March stimulus package worth nearly $60 billion, includes 10 billion ringgit in direct fiscal injection to the economy, Prime Minister Muhyiddin Yassin said in a speech Friday.The announcement comes as countries across Southeast Asia and around the world struggle back to their feet after lockdowns and restrictions brought commerce to a halt. Governments across the region have rolled out economic support to shield consumers and businesses from the worst of the blow, while central banks including Malaysia’s have lowered interest rates and taken steps to keep liquidity flowing.“Compared to the cumulative 260 billion ringgit stimulus that the authorities announced before, today’s 35 billion ringgit additional package would feel relatively less noteworthy,” said Wellian Wiranto, an economist at Oversea-Chinese Banking Corp. in Singapore.Still, at a combined 20% of gross domestic product, the packages “should help to put a floor on where growth might dip to this year,” he said. “Put against the context of tentative signs of economic recovery globally and within Malaysia itself, there is arguably less need for another ‘bazooka’ deal, especially considering the overall limited fiscal constraints.”The benchmark FTSE Bursa Malaysia KLCI index closed down 0.35% in Kuala Lumpur.Facing RecessionMalaysia’s economy expanded 0.7% on-year in the first quarter, its worst showing since the global financial crisis, as restrictions imposed to curb the virus choked commerce. The economy began reopening May 4 but is set to slip into recession over the next four to six months as the full impact of the pandemic is felt, Malaysia’s top statistician said last week.Among the plan’s highlights:5 billion ringgit for wage subsidies2 billion ringgit for upskilling programs for unemployed and youth1 billion ringgit for small and medium-sized tourism enterprisesstamp duty exemption for first-home purchasessales tax exemption for locally assembled cars and 50% tax break for imported carsexport duty exemption for palm oil from July-Decembertax breaks for corporate spending on temperature scanners, protective equipment and upgrading premisestax deferments extended for airlines and tourism businessesestablishment of a national jobs task forcepolicy to be drafted for the gig economyMohd Afzanizam Abdul Rashid, chief economist at Bank Islam Malaysia, described the package as well-rounded.“It address the concern on the labor market, the transition to a new normal especially in respect to digitization, as well as the mainstream economy such as properties and automotive,” he said. “Should the reopening of the economy continue to do well, we can expect better growth in the second half of 2020.”OCBC’s Wiranto noted that the 10 billion ringgit in direct spending, equivalent to about 0.7% of GDP, could impact the government’s fiscal deficit.“It’s unclear as of now whether there’s any counteracting measure to limit the fiscal deficit uptick from the current expectation of 5% of GDP,” he said.(Updates market levels, adds analyst quote in third-to-last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Mexicans protested police brutality on Thursday (June 4) in the country's second-largest city, Guadalajara, calling for authorities to be held accountable for the death in custody of a local man allegedly arrested over not wearing a face mask in public. Cities around the world have seen swelling protests since the death of George Floyd, a black man who died after a white police officer kneeled on his neck in Minneapolis. Protesters in Guadalajara's historic center jumped on a police car, smashed its windows, and later set it on fire. Police were seen using force against protesters. Mexico's deputy minister for human rights requested case files from authorities in Jalisco, where Guadalajara is located, and Baja California, where there may have been a similar incident in February. Jalisco has implemented strict measures aimed to curb the spread of the coronavirus; wearing face masks is mandatory. Although the exact circumstances of the death in Jalisco are not known, footage circulating on social media showed a young man, identified as Giovanni Lopez, being detained by police in early May. Bystanders can be heard saying the police were arresting him for not using a face mask. Lopez, a construction worker, died in custody, the statement said. The United Nations High Commissioner for Human Rights in Mexico condemned the incident and called for an investigation of all officials and institutions responsible for his custody until his death.
Amir Sufi, a professor with the University of Chicago’s Booth School of Business, explains why many economic indicators are deceiving, and don’t reflect economic reality
In honor of Pride Month, a month dedicated to recognizing the LGBTQ community, Shady Grove Fertility (SGF) is hosting two events to spread awareness about the multiple family building options available to the LGBTQ community.
ResearchAndMarkets.com published a new article on the commercial construction industry "Commercial Building Construction Begins to Restart Amid COVID-19"
Dry Eye Syndrome: Global Drug Forecast and Market Analysis to 2028 Summary Dry eye syndrome (DES), also known as keratoconjunctivitis sicca (KCS), is a multifactorial disease of the tears and ocular surface that causes ocular discomfort, visual disturbances, and tear film instability, which can potentially damage the ocular surface. The DES market has had few new therapeutics in the last decade.
The 2020 outlook of the KSA and UAE F&B market charts out the prevailing trends in the F&B consumption patterns across the 2 countries, and provides the shares of the various food categories that constitute the market. • F&B Market Outlook for 2020: Global and GCC Perspective: This section covers the share of F&B consumption of GCC countries in the global processed F&B market. It provides a snippet into the key food categories such as cereals, dairy, fruits and vegetables, and meat products that constitute the food business in the region, as well as a daily constituent of the everyday diet of the local residents.
Dublin, June 05, 2020 -- The "Fingerprint Sensors 2020" report has been added to ResearchAndMarkets.com's offering. The scope of this report includes a.
The Institute for Open Learning (IOL) is set to revolutionise access to student loans for distance learning with the approval of a USD 20 million term loan facility by the Deutsche Investitions und Entwikkelingsgesellschaft (DEG) to Trustco Finance.
Baker Hughes Co. said Friday that the total number of rigs actively exploring or developing for oil or natural gas was 1,176 in May, down 338, or 22%, from April, as the land count fell 24% to 966 and offshore declined 15% to 210. From a year ago, the total rig count fell 1,006, or 46%. In the U.S., the average daily rig count in May was 348, down 38.5% from April and 64.7% below year-ago levels. The stock rose 0.9% in premarket trading. It has lost 33.1% year to date through Thursday, while the VanEck Vectors Oil Services ETF has shed 48.4% and the S&P 500 has declined 3.7%.
The "Global and China CMOS Camera Module (CCM) Industry Report, 2020-2026" report has been added to ResearchAndMarkets.com's offering.
The BBC has appointed BBC Studios CEO and ex-marketing maven Tim Davie as the successor to Tony Hall. Davie is an experienced BBC operator and is believed to have been interviewed formally in the last week for the role, alongside other internal candidate, director of content Charlotte Moore. Hall announced his decision to stand down […]
The Czech crown, the Polish zloty and the Hungarian forint each gained more than 0.2% on Friday while the Romanian leu was stable. A Reuters poll on Friday showed that the Czech crown should gain the most among central European currencies over the next year as economies recover. The forint was trading at 343.95 against the euro on Friday, up 0.23%.