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The number of new COVID-19 infections in India hit a fifth consecutive daily record of 352,991, weighing on sentiment. O...
26/04/2021

The number of new COVID-19 infections in India hit a fifth consecutive daily record of 352,991, weighing on sentiment. Overall, nearly 190,000 people have died from coronavirus in the country, while more than 16.6 million have been infected.

The outbreak is now so severe that hospitals are running out of oxygen and beds, and many who have been taken ill are being turned away.

blasted in a message to Peloton members on Sunday afternoon, saying the company was not trying to impede an investigatio...
20/04/2021

blasted in a message to Peloton members on Sunday afternoon, saying the company was not trying to impede an investigation into the $5000

"After we learned about the child’s death, we immediately reported to the U.S. Consumer Product Safety Commission (CPSC). Since then we have fully cooperated with CPSC and responded to all of their requests, with one exception: we resisted their demands for personally identifiable information of certain Members because those Members had specifically requested that we not provide that information to CPSC. Government agencies shouldn’t have unfettered access to consumers’ private information, and I am proud that we took a stand to protect these Members’ privacy," Foley said.

Federal Reserve continued to hammer home the central bank’s mantra that the ultra easy monetary policies were going anyw...
15/04/2021

Federal Reserve continued to hammer home the central bank’s mantra that the ultra easy monetary policies were going anywhere soon at a virtual event organized by the Economic Club of Washington.

Powell said it is "highly unlikely" the central bank would lift rates before 2022 and reiterated that the pace of monthly bond purchases would remain steady until the economy has reached its goals.

The Fed's ongoing $120 billion bond purchase program would likely be reined in well before a rake hike, Powell added.

NEW YORK, April 13- set a reference price of $250 per share for Coinbase Global Inc , projecting a value for the largest...
14/04/2021

NEW YORK, April 13- set a reference price of $250 per share for Coinbase Global Inc , projecting a value for the largest U.S. cryptocurrency exchange at $49.19 billion ahead of its landmark stock market debut on Wednesday.

The reference price is not an offering price for investors to purchase shares, but rather a benchmark for performance when the stock starts trading the exchange on Wednesday.

Coinbase shares are set to start trading under the "COIN" symbol. The opening public price will be determined by buy and sell orders collected by the Nasdaq from broker-dealers.

The U.S. added seven Chinese supercomputing firms to a list of entities banned from receiving exports from American comp...
09/04/2021

The U.S. added seven Chinese supercomputing firms to a list of entities banned from receiving exports from American companies, citing activities contrary to the national-security or foreign-policy interests of the U.S.

The companies were added so-called entity list, which prohibits American firms from doing business with them without first obtaining a U.S. government license, the Commerce Department said in a statement on Thursday.

The entities are Tianjin Phytium Information Technology Co., Shanghai High-Performance Integrated Circuit Design Center, Sunway Microelectronics, the National Supercomputing Center Jinan, the National Supercomputing Center Shenzhen, the National Supercomputing Center Wuxi, and the National Supercomputing Center Zhengzhou, Commerce said.

09/04/2021

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