Tag: Media & Big Tech

New York Times Pens Major Correction After Overstating Child COVID-19 Hospitalizations

October 8, 2021
AMERICABusiness & EconomyCCP ViruschildrenCOVID-19Media & Big TechUSUS News
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The New York Times issued a correction Thursday saying it severely misreported the number of child COVID-19 hospitalizations in the United States by over 800,000 cases. The NY Times report, “A New Vaccine Strategy for Children: Just One Dose, for Now,” first reported that about “900,000 children have been hospitalized” with the virus since the…

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Ireland Agrees to Global Tax Deal, Sacrificing Prized Low Rate

October 8, 2021
Business & EconomyCompaniesEconomieseconomyEuropeglobalInternationalIrelandlowMedia & Big TechratetaxUSUS NewsWorld
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DUBLIN—Ireland dropped its opposition to an overhaul of global corporate tax rules on Thursday, agreeing to give up its prized 12.5 percent tax for large multinationals in a major boost to efforts to impose a minimum rate worldwide. Ireland, the low-tax European headquarters for blue chip companies including Apple, Google, and Facebook, declined to sign…

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Futures Hold Steady Ahead of September Jobs Data

October 8, 2021
Business & EconomyCompaniesEconomieseconomyfuturesInvestmentjobsLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsseptembersteadyUSUS News
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U.S. stock index futures were largely flat on Friday ahead of September jobs data that is likely to set off the Federal Reserve’s withdrawal of its policy support later this year. Wall Street rallied on Thursday, led by mega-cap technology stocks as the U.S. Senate approved legislation to temporarily raise the federal government’s $28.4 trillion…

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European Stocks Dip on Tech Losses, US Jobs Caution

October 8, 2021
Asia & PacificBusiness & EconomycautionCompaniesEconomieseconomyEuropeEuropeanInvestmentjobslossesMarketsMedia & Big TechstocksTechUKUSWorld
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European stocks edged lower on Friday as declines in the technology sector more than offset gains in oil and auto shares, while investors remained cautious ahead of U.S. payrolls data. The pan-European STOXX 600 index slipped 0.3 percent, with tech stocks falling about 1 percent as rising bond yields dimmed the high-growth sector’s appeal. U.S….

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Wall Street Ends With Solid Gains; Investors Hail US Debt-Ceiling Truce

October 8, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniescongressdebtDemocratsEconomieseconomyExecutive BranchgainsInternationalInvestmentinvestorsLocal NewsMarketsMedia & Big TechNew YorkNY NewsPoliticsRegional-Local NewsRepublicansUSUS NewsWall StreetWorld
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Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month. Mega-cap stocks jumped with Apple Inc. up 0.9 percent and Amazon.com Inc. rising 1.2 percent, the biggest boosts to…

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Trump Sues Facebook to Reinstate His Account Immediately

October 7, 2021
Business & EconomyCensorship & SocialismDonald TrumpFacebookFeatured TopicsMedia & Big TechPoliticsRepublicansUSUS News
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Former President Donald Trump filed another lawsuit against Facebook, asking a federal judge to force the social media company to reinstate his account. Trump, who was suspended from most major social media platforms following the Jan. 6 Capitol incident, filed class-action lawsuits against Twitter, YouTube, and Facebook earlier this year—along with the companies’ respective CEOs….

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Futures Bounce on Easing Debt-Ceiling, Inflation Worries

October 7, 2021
Asia & PacificBusiness & EconomyCompaniescongressdebtDemocratsEconomieseconomyEuropefuturesinflationInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsPoliticsRegional-Local NewsRepublicansUSUS NewsWorld
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U.S. stock index futures bounced on Thursday after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default, while a dip in oil prices eased worries of higher inflation. Top U.S. Senate Republican Mitch McConnell on Wednesday floated a plan to support an extension of the federal debt…

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Shares Climb Again as Energy Price Dip Eases Stagflation Fears

October 7, 2021
Asia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyCompaniescongressDemocratsEconomieseconomyenergyEuropeExecutive BranchInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsPoliticspriceRegional-Local NewsRepublicansSharesstagflationTexasUSUS NewsWorld
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LONDON—World stock markets got their foot back on the gas on Thursday as hopes grew that Washington could resolve its debt-ceiling squabbles and a global drop in energy prices tempered deepening fears of “stagflation”. Europe’s bourses rallied off 2–1/2-month lows as easing oil and gas prices offered relief after a shock 4 percent drop in…

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Stablecoins to Face Same Safeguards as Traditional Payments

October 6, 2021
Business & EconomyCompaniesEconomiesMedia & Big TechpaymentsSafeguardsStablecoinstraditional
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LONDON—Stablecoins would have to comply with the same safeguards as their more traditional competitors in payments under proposals from regulators on Wednesday as authorities get to grips with a rapidly evolving sector. Stablecoins are cryptocurrencies designed to have a stable value relative to traditional currencies, or to a commodity such as gold, to avoid the…

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Futures Slide 1 Percent Over Inflation Concerns

October 6, 2021
Business & EconomyCompaniesconcernsEconomieseconomyfuturesinflationInvestmentMarketsMedia & Big TechUSUS News
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U.S. stock index futures fell about 1 percent in early New York hours on Wednesday as soaring oil prices fed into fears of higher inflation, while a stalemate continued in the U.S. Congress over the government debt ceiling. Asian and European stocks fell earlier in the day as oil hit a multi-year high above $83…

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