Category: News
-
Markets Focus On Prospects Of New Fiscal Stimulus
The markets are expecting a lot of news this week even as the primary focus will remain on the prospects of bigger and better stimulus packages. As the inauguration of Joe Biden is getting closer, market participants are enthusiastic about getting a new fiscal stimulus from the government. Markets Focus On Prospects Of New Fiscal…
-
Will Section 230 Get Repealed In 2021 Under Biden Administration?
The Communications decency act that was passed by congress in 1996 laid the platform for the modern internet and technology companies like Google, Facebook, and Twitter. According to the law, the companies are shielded from liability with regard to the content that is posted on their platforms by the users. The companies get legal immunity…
-
Bitcoin Rallies Above $30000 For First Time
Bitcoin rallied past $30000 on Saturday smashing previous records. As many investors and traders feel that Bitcoin is on its way to becoming a mainstream payment method across the world in the near future. Bitcoin Rallies Above $30000 For First Time On Saturday, Bitcoin reached its latest high of $33,099 and ended the day around…
-
SolarWinds Hackers Accessed Microsoft Source Code
In a shocking revelation, Microsoft has said that the hacking group behind the SolarWinds compromise was able to break into the company’s network and access some of its source code. As of now, the motive behind the attack is not yet established, and security agencies are still investigating the matter that has rocked the nation…
-
Business Updates: Initial Jobless Claims Decline By 19000
The initial jobless claims declined by 19000 to 787,000 for the week ended December. The Labor Department said that the number of people filing for unemployment benefits reduced for the first time last week. According to market experts, the initial jobless claims was supposed to rise to 828,000. This has surprised many analysts in the…
-
Biden May Not Roll Back Trump Campaign Against China Tech
Joe Biden has said that he is unlikely to reverse the challenge to China’s technology industry put by the Trump administration. Trump has challenged China’s tech industry on many occasions by issuing executive orders and sanctions. In a recent interview, Biden said that he is likely to continue such a policy in the future. Experts…
-
Wells Fargo’s Top 10 Predictions For 2021
Wells Fargo Securities has come out with its top ten predictions for the next year. It is interesting considering the pandemic situation, and many businesses are hoping that the availability of vaccines will put them back to their normal position in 2021. Wells Fargo’s Top 10 Predictions For 2021 One of the biggest predictions made…
-
Independent Movie Theatres Hope To Survive With Federal Aid
The Covid 19 crisis has affected movie theatres in a big way as their business is down by more than 80% since March. Many small independent movie theatres are on the verge of shutting down due to lack of business. However, the federal aid that is supposed to help the small movie theatres and art…
-
Coronavirus Has Crippled US Auto Sales In 2020
The sales of new vehicles in the US is expected to come down by at least 15% this year when compared to 2019. This is one of the worst annual declines for the auto industry since 1980. Coronavirus Has Crippled US Auto Sales In 2020 Considering the numbers, the rapid fall in sales of new…
-
Former Florida Covid-19 Data Manager Files Suit Over Raid
The former Florida Covid-19 Data Manager, Rebekah Jones has alleged that the raid on her house by the Florida Department of law enforcement was done as she did not agree to alter the covid-19 data. Jones worked as a data manager in the covid-19 department before she was fired from her job in May. She…