Month: August 2020
Stocks turned slightly higher Thursday afternoon as investors absorbed a rise in the Labor Department’s weekly jobless claims report, and digested more earnings from Corporate America.
[Click here to read what’s moving markets heading into Friday, Aug. 21]” data-reactid=”17″[Click here to read what’s moving markets heading into Friday, Aug. 21]
Labor Department’s weekly unemployment claims report showed that 1.1 million workers filed for benefits last week, well above consensus economists expectations of another 920,000. Analysts have been hopeful that claims could one again dip below the 1 million mark for a second time since the start of the pandemic, yet the numbers are still well above the pre-pandemic record of 665,000 new claims from March 2009.” data-reactid=”22″The latest read on the labor market suggests the recovery is losing steam. The Labor Department’s weekly unemployment claims report showed that 1.1 million workers filed for benefits last week, well
In these uncertain times, few things are more reliable than investment announcements from Mukesh Ambani, chairman of Reliance Industries (RIL) and India’s richest man.
a 15% stake in online lingerie retailer Zivame—a stake it reportedly wants to grow—and paid Rs620 crore ($83 million) for a majority stake in online pharmacy Netmeds. In a press release, RIL said the Netmeds deal would help its subsidiary Reliance Retail “broaden its digital commerce proposition to include most daily essential needs of consumers.”” data-reactid=”24″In the past month alone, RIL bought a 15% stake in online lingerie retailer Zivame—a stake it reportedly wants to grow—and paid Rs620 crore ($83 million) for a majority stake in online pharmacy Netmeds. In a press release, RIL said the Netmeds deal would help its subsidiary Reliance Retail “broaden its digital commerce proposition to include most daily essential needs of consumers.”
Ambani is far from done. RIL is reportedly
Combine a Super Bowl-winning quarterback with some of the biggest names in the tech industry and you could be looking at the phenomenally lucrative future of sports. Only this time, the biggest winner may be a small Canadian startup that’s got their attention.
TSXV:FD; OTC:FDVRF), a full-scale ESG platform, has already disrupted every tech-heavy segment from ride-sharing and food delivery to COVID contact tracing. Now, it’s preparing to jump into the sports arena – and it’s got some major firepower behind it. ” data-reactid=”13″Facedrive (TSXV:FD; OTC:FDVRF), a full-scale ESG platform, has already disrupted every tech-heavy segment from ride-sharing and food delivery to COVID contact tracing. Now, it’s preparing to jump into the sports arena – and it’s got some major firepower behind it.
That firepower includes NFL superstar Russell Wilson and investment vehicles belonging to some of the big names in tech. Or, rather—the biggest … Read More
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