Featured Story

Featured Story

Lyft reports dramatic revenue drop of 61% but points to uptick in rides in July

3 years ago

Ride-hailing company Lyft reported results for the period ending June 30, 2020, its first full quarter during the Covid-19 pandemic.
The company just beat analysts’ expectations with losses per share of 86 cents (adjusted) and revenue of $339 million.
Wall Street was expecting losses of 99 cents per share (adj.) and revenue of $336.8 million for the quarter, according to a consensus of analysts surveyed by Refinitiv.

Beirut death toll rises to at least 135 as explosion is blamed on 2,750-ton ammonium nitrate stash

3 years ago

The explosion, which blew out windows and destroyed property for miles around, has been initially blamed on 2,750 tons of ammonium nitrate stored in an unsecured warehouse at Beirut’s cargo port.
But the government subsequently announced an investigation to determine within five days the exact cause of the explosion and “who was responsible.”
The immediate crisis in homelessness, health, overwhelmed medical services and destroyed property and businesses comes on top of an already crippled economy, the coronavirus pandemic and regional tensions.

Millennials are piling into stock trading in Asia. Here’s how to make the most of your money

3 years ago

Last week, major U.S. indices recorded their best quarter in decades. The Dow Jones closed up 17.77% on June 30 to notch its best three months since 1987. The S&P 500 ended up 19.95%, a high not seen since 1998. The Nasdaq finished higher by 30.63%, its greatest gain since 1999.

New strain of flu found in China has potential to become a pandemic, scientists warn

3 years ago

The new strain has descended from the type of flu (“swine flu”) that emerged in 2009 causing the first global flu pandemic in 40 years.
As with swine flu, however, the new strain has been identified as having “all the essential hallmarks of a candidate pandemic virus.”
The new strain of flu should be monitored closely, scientists say.

XRP loses 10% as cryptocurrency market struggles

4 years ago

XRP, the third-largest cryptocurrency by market capitalization, has lost a further 10.14% in the last day to fall back to just $0.273.

Today marks the third consecutive day of losses for the cryptocurrency, which fell from a 2020 peak of over $0.343 down to its current value—equivalent to a loss of almost 19% in less than three days.

Featured Story

Japan’s economy shrinks at fastest pace in 6 years, virus clouds outlook

4 years ago

The hit to the world’s third-largest economy comes amid fresh concerns about weakness in the current quarter, as the coronavirus damages output and tourism, stoking fears Japan may be on the cusp of a recession

Bitcoiners Are Biohacking a DIY Coronavirus Vaccine

4 years ago

Anonymous bitcoiners are taking the search for a coronavirus vaccine into their own hands, bypassing academia, pharmaceutical companies and the U.S. Food and Drug Administration (FDA).

Featured Story

Circuit breakers, triggered for the first time in 20 years, pass a crucial test

4 years ago

Market circuit breakers were tested for the first time since they were substantially revamped more than a decade ago.
The system didn’t end the sell-off, but at least it put a modest brake on a very ugly start.

IMF announces $50 billion program to fight coronavirus outbreak

4 years ago

Most of the money will be interest-free, and countries do not need to have a preexisting program with the IMF to participate, Kristalina Georgieva said.
“We’re in an early stage of engagement, but I can assure you that we will act very quickly as requests come,” Georgieva said.
There are more than 90,000 confirmed cases of the coronavirus around the world, and the outbreak has spread to six continents.

A fiasco in the making? As the coronavirus pandemic takes hold, we are making decisions without reliable data

4 years ago

At a time when everyone needs better information, from disease modelers and governments to people quarantined or just social distancing, we lack reliable evidence on how many people have been infected with SARS-CoV-2 or who continue to become infected. Better information is needed to guide decisions and actions of monumental significance and to monitor their impact.

Featured Story

Lyft reports dramatic revenue drop of 61% but points to uptick in rides in July

Beirut death toll rises to at least 135 as explosion is blamed on 2,750-ton ammonium nitrate stash

Millennials are piling into stock trading in Asia. Here’s how to make the most of your money

New strain of flu found in China has potential to become a pandemic, scientists warn

XRP loses 10% as cryptocurrency market struggles

Japan’s economy shrinks at fastest pace in 6 years, virus clouds outlook

Bitcoiners Are Biohacking a DIY Coronavirus Vaccine

Circuit breakers, triggered for the first time in 20 years, pass a crucial test

IMF announces $50 billion program to fight coronavirus outbreak

A fiasco in the making? As the coronavirus pandemic takes hold, we are making decisions without reliable data

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