The S&P 500 Index (SNPINDEX:^GSPC) fell 22 points, or 0.63%, on Tuesday. Earnings season got underway, with banking and airline giants JPMorgan Chase (NYSE:JPM) and Delta Air Lines (NYSE:DAL) reporting today. Delta had a massive $7 billion loss, while JPMorgan reported a $9.4 billion profit, but both stocks fell as worries about continued economic weakness […]
Falls
Ethereum Miners’ Revenue Triples Thanks To DeFi, Bitcoin’s Falls
KEY POINTS Ethereum was more profitable to mine than Bitcoin in September 2020 Mining revenues soared because of the excitement over decentralized finance As DeFi excitement wanes, observers are watching closely the launch of Ethereum 2.0 During the month of September, revenue from mining Ethereum has eclipsed that of Bitcoin’s […]
Bajaj Finance share price falls 5.4% as loan disbursal falls
© Provided by The Financial Express From the March lows of Rs 1,783.10, Bajaj Finance stock price has risen over 84 per cent. Bajaj Finance share price fell 5.4 per cent to Rs 3,286 apiece on BSE after the non-bank finance company (NBFC) reported weak data for the July-September quarter. […]
Covid-19: NI economic output falls 14% in second quarter
Image copyright Maciej Grabowicz Northern Ireland’s economic output fell by 14% in the second quarter of this year to “an all time low” because of the impact of the coronavirus lockdown. The Northern Ireland Statistics and Research Agency (Nisra) said the fall is the biggest in the history of the […]
U.S. consumer borrowing falls on smaller credit-card balances
U.S. consumer borrowing unexpectedly fell in August as credit-card balances declined for a sixth consecutive month with the coronavirus pandemic continuing to limit some purchases amid elevated unemployment. Total credit decreased US$7.2 billion from the prior month after an upwardly revised US$14.7 billion July gain, Federal Reserve figures showed Wednesday. […]
September jobs report: Hiring slowed with just 661,000 jobs added, unemployment rate falls to 7.9%
Hiring across the U.S. slowed sharply in September as employers added 661,000 jobs for the month, the U.S. Labor Department said Friday. The figures fell short of economic forecasts, who had expected about 850,000 new jobs to be created in September. It was the first month since April that net […]
Zimbabwe: Vic Falls Stock Exchange, Opportunities for Change
LAST May, Finance minister Mthuli Ncube, announced a new and second bourse for Zimbabwe, the Victoria Falls Stock Exchange (VFEX), which will trade exclusively in foreign currency. Based in the resort town of Victoria Falls, the bourse is a subsidiary of the Zimbabwe Stock Exchange (ZSE). The VFEX has already […]
Micron Technology Falls After Hours Despite Q4 Earnings Beat
Micron Technology (NASDAQ:MU) shares were taking a hit late Tuesday afternoon, following the company’s release of its fourth quarter of fiscal 2020 results after market hours. For the quarter, the computer and mobile device memory maker actually posted encouraging fundamentals. Revenue for the period came in at $6.06 billion, a […]
LSU falls to Mississippi State for first loss in nearly two years
CLOSE USA TODAY Sports’ Paul Myerberg breaks down the latest Amway Coaches Poll. USA TODAY As it turns out, losing the Heisman Trophy winner, two of college football’s best assistant coaches, the Bowl Subdivision’s top-ranked wide receiver and more will take its toll on LSU. Who knew? The first look […]
Number of employees paying for Employees’ State Insurance falls again in July after recovering in June
© Provided by The Financial Express The number of new employees paying for the scheme also fell from 8.13 lakh in June to 7.41 lakh in July. The existing number of employees who paid for the Employees’ State Insurance scheme fell in the month of July, after recovering in June […]
Naira falls big across all forex market despite another $50 million allocation to BDCs
Forex turnover improved by 43% as Nigeria’s exchange rate at the NAFEX window stabilized to close at N386/$1 during intraday trading on Thursday, September 24. Also, the naira remained stable, closing at N467/$1 at the parallel market on Thursday, September 24, 2020, after another round of forex allocation to BDC […]
Fluor Falls on Restated 2019 Earnings, Pulled 2020 Guidance
Shares of Fluor (FLR) – Get Report dropped on Friday after the oil- and gas-focused construction and engineering company restated its 2019 earnings and pulled previously issued guidance for 2020 following an internal accounting review sparked by a Securities and Exchange Commission probe. Shares of Fluor were down 10.52% at $8.38 […]
Nikola falls 11% a day after potential partnership talks halted
CEO and founder of U.S. Nikola Trevor Milton attends a news conference held to presents its new full-electric and hydrogen fuel-cell battery trucks in partnership with U.S. Nikola, at an event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca Nikola’s stock price fell 11% to $18.75 as of 9:51 am […]
CANADA STOCKS-TSX falls on virus worries, downbeat U.S. economic data
(Updates with sectors) Sept 23 (Reuters) – Canada’s main stock index fell in early trade on Wednesday as a surge in domestic coronavirus cases and downbeat U.S. business activity in September dented investor sentiment. Prime Minister Justin Trudeau will unveil later in the day what he says is a far-reaching […]
Dow falls more than 200, technology weakness continues, TikTok saga
Markets fall to finish the week The major U.S. indexes lost ground on Friday as the struggles for the tech sector continued. The Dow lost 245 points, making it roughly flat for the week. The S&P 500 and Nasdaq Composite clinched weekly losses with Friday declines of 1.1% each. — […]
Canadian accounting industry is seeing disruptive innovation but still falls behind the U.S. when it comes to digital transformation – Survey
Canadian accounting and bookkeeping professionals are calling for the industry to embrace advanced technology to help them quickly adapt to the cultural shift in the space. According to nearly 60 per cent accountants and bookkeepers in Canada, companies have been slow to adapt to the cultural shift in the industry […]
U.S. Unemployment Rate Falls To 8.4%, Big Tech Stocks Lead Sell-Off
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NEW YORK, NEW YORK – MAY 26: The New York Stock Exchange (NYSE) stands in lower Manhattan on the … [+] first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. While only a small number of traders […]
Yuan falls on dollar strength after Fed’s upbeat economic outlook
SHANGHAI, Sept 17 (Reuters) – China’s yuan slipped on Thursday, despite briefly touching a fresh 16-month high, as a firmer dollar interrupted the momentum of its recent strong run. The dollar edged up against major currencies on Thursday following the U.S. Federal Reserve’s upbeat assessment of the economic recovery and […]
Cedar Falls Public Library Earns Tier 3 State Accreditation
September 14, 2020 The State Library of Iowa has announced that the Cedar Falls Public Library has met the conditions for Tier 3 state accreditation. This is the highest level achievable by a public library. Tier 3 accredited libraries receive more state funding than Tier 2 and Tier 1 libraries. […]