Illustration picture shows a Covid-19 patient transferred by helicopter from the CHU hospital in Liege to Koln, Germany. ERIC LALMAND | AFP | Getty Images LONDON — The coronavirus pandemic is hitting Belgium particularly hard, with intensive care units at full capacity in Brussels. Belgium, where the main EU institutions […]
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Dow futures fall more than 100 points amid post-election rally
U.S. stock futures fell early Friday morning as Wall Street eyed its best week since April even as the results of the presidential election remained unclear. Futures tied to the Dow Jones Industrial Average lost 137 points, while those for the S&P 500 and the Nasdaq 100 were both also […]
Alibaba cloud growth outpaces Amazon and Microsoft as Chinese tech giant pushes for profitability
The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — The growth of Alibaba’s cloud business outpaced Amazon and Microsoft in […]
Chinese video-sharing app Kuaishou files for IPO as new leaders emerge in the industry
Sales associates at one of Alibaba-owned InTime’s store display products for sale during a livestream. InTime | Alibaba BEIJING – The fickle Chinese consumer has latched onto a set of new preferences for watching videos, a trend investors and media giants are tapping into. Late on Thursday, short-video and livestreaming […]
There are ‘pretty high’ risks of the U.S. economy backtracking, Moody’s economist warns
A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts on Wednesday, April 29, 2020. Adam Glanzman | Bloomberg | Getty Images The U.S. economy, which has shown signs of recovering, could see its prospects turn given the intensifying […]
Steve Bannon’s podcast barred from Twitter after he made beheading comment about Fauci, FBI Director Wray
Former top Trump aide Steve Bannon’s podcast was permanently suspended by Twitter and had an episode yanked from YouTube after he implied that FBI Director Christopher Wray and leading government infectious-diseases expert Dr. Anthony Fauci should be beheaded and have their heads put on pikes outside the White House. Those […]
U.S. stock futures fall amid post-election rally
Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020. NYSE U.S. stock futures fell on Thursday evening as Wall Street eyed its best week since April even as the results of the presidential election remained unclear. Futures tied to the Dow Jones Industrial Average […]
Airbnb hit with proposed class-action lawsuit from host missing payments
Airbnb CEO Brian Chesky. John van Hasselt | Corbis | Getty Images A short-term rental vacation host has filed a proposed class action lawsuit against Airbnb, alleging that the tech company violated its contract with hosts when the company offered full refunds to guests in the wake of the coronavirus […]
Here’s what Facebook will show when there’s a projected winner in the presidential race
As states wrap up vote counting, Facebook is preparing to notify users of its apps as soon as a winner is projected. The company said it will provide users of Facebook and Instagram with a notification at the top of their screens that says “A Presidential Winner Has Been Projected.” […]
‘There is absolutely no merit to any claims of widespread voter fraud,’ Arizona secretary of state says
Arizona Secretary of State Katie Hobbs told CNBC that “there is absolutely no merit to any claims of widespread voter fraud in Arizona,” as Maricopa County poll workers continue to count election ballots. With the count still underway in several battleground states, President Donald Trump has accused the Democrats of […]