Tag: Businesses in COVID-19

Disney Offers Streaming Service Discount for a Month to Boost Subscribers

November 8, 2021
BoostBusiness & EconomyBusinesses in COVID-19Companiesdiscountdisneyeconomic policiesEconomiesEntertainmentEntertainment NewsservicesubscribersUSUS News
0 Comment

Walt Disney Co. said on Monday it was offering a month of Disney+ for $1.99 for a limited period, as the entertainment giant seeks to stem a slowdown in paid user growth at its streaming service. The promotion will begin on Nov. 8 and will be valid for a week through Nov. 14 for new…

Read More

EU Ministers to Discuss Inflation Surge, EU Budget Rule Reform

November 8, 2021
budgetBusiness & EconomyBusinesses in COVID-19economic policiesEconomiesEUEuropeinflationMinistersreformWorld
0 Comment

BRUSSELS—European Union finance ministers will on Monday discuss a surge in consumer prices, its impact on wages, and changes they would like made to the bloc’s budget rules to support investment and reduce debt. Inflation rose 4.1 percent year-on-year last month in the 19 countries sharing the euro, up from 3.4 percent in September. Ministers…

Read More

Futures Tick Higher After Congress Clears Infrastructure Bill; Tesla Falls

November 8, 2021
billBusiness & EconomyBusinesses in COVID-19Companiescongresseconomic policiesEconomieseconomyExecutive BranchfuturesinflationinfrastructureInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNorthern CaliforniaNY NewsPoliticsRegional-Local NewsteslaUSUS News
0 Comment

U.S. stock index futures edged higher on Monday as big industrial firms were supported by the passage of a $1 trillion infrastructure bill, while Tesla fell on Chief Executive Elon Musk’s plan to sell about a tenth of his stake. Caterpillar Inc., Boeing Co., and 3M Co. rose between 0.5 percent and 3 percent in…

Read More

Dow Hits Record High as Infrastructure Bill Lifts Cyclicals

November 8, 2021
billBusiness & EconomyBusinesses in COVID-19CompaniescongressDoweconomic policiesEconomieseconomyExecutive BranchinflationinfrastructureInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNorthern CaliforniaNY NewsPoliticsRegional-Local NewsteslaUSUS News
0 Comment

The Dow hit a record high on Monday as the passage of a $1 trillion infrastructure bill lifted industrials, materials, and other economy-focused sectors, while Tesla fell on top boss Elon Musk’s plan to sell about a tenth of his stake. Five of the 11 major S&P 500 sector indexes were higher after the Congress…

Read More

SoftBank Group to Buy Back Up to 14.6 Percent of Shares

November 8, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19buybackCompaniesEconomiesMarketsSharesSoftbankWorld
0 Comment

TOKYO—SoftBank Group Corp. said on Monday it would buy back up to one trillion yen ($8.82 billion) of its own shares, or 14.6 percent of outstanding stock. The plan comes after the Japanese conglomerate completed a record 2.5 trillion yen buyback in May. ($1 = 113.3500 yen)

Tesla Sold 54,391 China-Made Vehicles in October: CPCA

November 8, 2021
Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompaniesEconomieseconomyEuropeLocal NewsNorthern CaliforniaoctoberRegional-Local NewsteslaUSUS NewsWorld
0 Comment

BEIJING—U.S. electric vehicle maker Tesla Inc. sold 54,391 China-made vehicles in October, including 40,666 for export, the China Passenger Car Association (CPCA) said on Monday. Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 56,006 China-made vehicles in September, including 3,853 that were exported. Chinese EV makers Nio Inc….

Read More

Japan’s SoftBank Sinks Into Losses Over China Investments

November 8, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompaniesEconomiesInvestmentinvestmentsJapanlossesMarketsSoftbankTechTech NewsWorld
0 Comment

TOKYO—SoftBank Group Corp. sank into red ink for the July-September period, dragged down by losses on its investments in China, the Japanese technology conglomerate said Monday. SoftBank reported a 397.9 billion yen ($3.5 billion) loss for the fiscal second quarter, compared to a 627 billion yen profit recorded the same period the previous year. Quarterly…

Read More

Hiring Difficulties May Be on Horizon as US Labor Force Participation Rate Remains Unchanged

November 8, 2021
Business & EconomyBusinesses in COVID-19CompaniesCOVID-19 pandemicEconomieseconomyFederal Reservelabor shortageUSUS News
0 Comment

Hiring difficulties may be on the horizon for U.S. firms amid a weak labor supply, according to the Bureau of Labor Statistics’s latest jobs report. The bureau’s October jobs report, released Nov. 5 showed employers added over half a million jobs in October, beating market expectations and painting a more positive picture of labor market recovery compared to…

Read More

Oil Gains After US Infrastructure Bill Passes, Chinese Exports Rise

November 8, 2021
Asia & PacificbillBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChineseCompanieseconomic policiesEconomieseconomyExecutive BranchexportsGold & CommoditiesinfrastructureInternationalInvestmentLocal NewsMarketsMiddle EastNew YorkNY NewsOilPoliticsRegional-Local NewsTexasUSUS NewsWorld
0 Comment

LONDON—Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for its crude. Brent crude was up by 91 cents, or 1.1 percent, at $83.65 a barrel at 1028 GMT, after dropping nearly 2 percent last…

Read More

Asian Markets Lower After Wall Street Record, China Trade Growth

November 8, 2021
Asia & PacificasianAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese RegimeCompanieseconomic policiesEconomieseconomyEuropeGold & CommoditiesgrowthHK BusinessHong KongIndiainflationInternationalInvestmentMarket WatchMarketsMiddle EasttradeUKUSUS NewsWall StreetWorld
0 Comment

BEIJING—Global stock markets and Wall Street futures declined Monday after stronger U.S. hiring and a double-digit rise in Chinese exports. London and Frankfurt opened lower. Tokyo, Hong Kong, and Sydney declined while Shanghai advanced. U.S. employers hired more people than expected in October, according to government data released on Friday. China’s October exports rose 27.1…

Read More