Author: Admin

Walmart is trying its best to set up clinics and dispensaries for workers of more than 200,000 in India. They are helping them and their families to get Covid-19 vaccines while India is fighting against the destructive second wave of the Covid-19 pandemic. The world’s biggest retailer is also working its best and leveraging its global supply chain to provide urgently required oxygen equipment to the people who are in dire need. Walmart Is Trying To Set Up Clinics Of Corona Vaccines For The Workers Of Flipkart While India Is Fighting Against The Second Wave Of The Covid-19 Crisis Even…

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The whole time through the pandemic, the company Amazon was making huge profits just like it has always been without any changes. Once we are done with the coronavirus pandemic crises it will be in better shape to make more money. The company made a profit of more than tripled to $8.1 billion in the first three starting months of the year 2021. The shares which are always high are up to 2% in the premarket trading. Why Is The Company Amazon An Excellent Profit-Making Machine? James Harris, global chief strategy officer said at Mindshare Worldwide that the company Amazon…

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On Wednesday night, America’s 46th President, Joe Biden made his first address to a joint session of Congress, but the television ratings and the participation of people in the event, through their TV sets while sitting at homes was quite worse than previous presidents. Biden Fails To Attract A Live TV Audience It was estimated that around 26.9 million people watched the speech across several broadcast networks on Wednesday and it was lower than that of President Barrack Obama’s first address to Congress in 2009 when Internet viewership was not a major factor and it is also lower than that…

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A boom in economic activity rung in 2021, as the vaccination drive gathered pace and the government helping with more spending to return the U.S. nearer to the point when the Covid-19 pandemic erupted, according to the Commerce Department, CNBC reported. GDP rises 6.4% on consumer spending in Q1 The department reported Thursday that gross domestic product, the aggregate of services and goods produced in the economy surged 6.4 % in Q1 2021 on an annualized basis. Apart from the reopening fueled Q3 2020, it came in as the best period for GDP since the Q3 of 2003. Economists polled…

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Royal Dutch Shell reported first-quarter earnings that came in marginally-better-than expected, amid growing fuel demand recovery expectations and stronger commodity prices. Royal Dutch Shell Reports Better-Than-Expected Q1 Earnings The Anglo-Dutch, oil major also increased its dividend by around 4%, for the second time in six months, as the company sought to reassure investors of having gained a more stable footing. The development comes after Shell, last year, cut its payout in April. It was the first instance of the company resorting to the measure since World War II in April. The company posted adjusted Q1 earnings at $3.2 billion as…

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Small business owners are worried President Biden would unleash a slew of regulatory measures hurting growth prospects, forcing them to drop plans for scaling up operations, USA Today reported. Michael Canty owner of a manufacturing company in Mentor, Ohio, worries new regulations in several areas including labor, workplace safety, gas, and oil drilling would cramp operations and hit growth. Biden’s Regulatory Measures Worry Small Business Owners He said he had held back plans for purchase of new equipment and hiring 15 additional staff to the 85 he currently had. He was now waiting to see how the administration’s regulatory plans…

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The Northwestern state of Oregon in the United States had everything making it a natural paradise- scenic mountains, numerous lakes mirroring the skies and vast tracts of forest land. New Oregon Facility Could Boost Wave Energy Prospects But one offshore project aimed to harness nature’s power for analyzing and testing wave energy converters, a technology which could play an important role in the transition to renewables. PacWave as the project was known was coming up at two locations: PacWave North, a test site for prototype, small-scale, and maritime market technologies, and PacWave South, which was under development with grants from…

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Deutsche Bank, Wednesday, posted a 908 million euro ($1.1 billion) profit for Q1, on strong support from its investment banking division, CNBC reported. Deutsche Bank Reports 908 Million Euro Q1 Profit The bank’s performance completely eclipsed analyst expectations for 642.95 million euros net income, according to Refinitiv, which improved vastly markedly from the 51 million euro profit it managed in the fourth Q4 2020. Some other highlights: Total Q1 net revenues came in at 7.2 billion euros, as against 6.35 billion euros for the corresponding period in 2020. CET1 ratio — a bank solvency measure— came in at 13.7%, as…

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Energy major BP on Tuesday posted Q1 earnings that beat expectations, for the first quarter, after a period of brighter demand outlook and stronger commodity prices, CNBC reported. Stronger Commodity Prices Help BP To Beat Q1 Estimates The British company’s results come as oil and gas majors seek to prove to investors that they had achieved operational stability in the ongoing coronavirus pandemic. The oil major’s Q1 net profit proxy, or underlying-replacement- cost- profit stood at $2.6 billion as against Q4 profit of $115 million and $791 million in Q1 of 2020. According to Refinitiv, analysts had expected BP to…

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UBS reported Tuesday a Q1 2021 net income at $1.8 billion, as it revealed its earnings had taken a hit from the scandal involving Archegos Capital. UBS shares were down 2% in early European trading hours, CNN reported. UBS Reports Q1 Net Income At $1.8 Billion After Taking Archegos Hit According to the Swiss bank, revenues were $774 million lower due to the Archegos hedge fund default, which last month, collapsed due to the high risk it took on. The family office based in the U.S. had been a client of the Swiss lender’s prime brokerage business. The lender announced…

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