Gold Futures Record Highest Close Since Mid-September 2011

Gold prices moved higher and front-month futures recorded their best close in almost nine years on Tuesday as traders rushed for the safe-haven asset amid uncertainty about the pace of economic recovery. Rising coronavirus cases in several states across America and other parts of the world have raised fears about the possibility of another lockdown and a setback to growth. […]

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Why budget airlines could see big changes post pandemic

New York (CNN Business)Airline travel is bouncing back — but so are American coronavirus cases. That spike could put the aviation rebound in reverse. United Airlines (UAL) presented sobering facts to employees Monday that bookings are tumbling as Covid cases soar. Also hurting travel demand: regulations in New York, New Jersey and Connecticut that mandate travelers from the pandemic’s US […]

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Forecasters Raise Atlantic Hurricane Outlook to 20 Named Storms

After a frenzied start, the Atlantic hurricane season could turn out to be the most active since 2005, when a record 28 storms formed. Colorado State University has raised its annual forecast to call for 20 named storms, up from its outlook issued in June calling for 19. Five tropical storms have already spun out of the western Atlantic this […]

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Swedish Covid Infections Drop After Steady Distancing Patterns

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. The rate of Covid-19 infections is declining in Sweden, which health authorities said is thanks to citizens voluntarily adhering to social distancing guidelines. Johan Carlson, the director general of Sweden’s public health agency, said […]

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IT firms seek nod to retain some work-from-home relaxations

Nasscom writes to STPI, under which 4,300 units operate IT companies have approached the Information Technology Ministry to allow certain relaxations on work-from-home to continue on a permanent basis, as the industry moves to a blended working model in the post-COVID-19 era. Nasscom has written to an inter-ministerial committee under the IT Ministry that is looking into the matter, the […]

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Needham lowers Google estimates amid 'search weakness' and growing threat from Amazon

Needham analysts said Tuesday they were lowering revenue estimates for Google's second quarter because of declining U.S. search revenue. Analysts also lowered estimates for Google's fiscal year 2020 and 2021. Needham analysts Amazon represents a "structural attack against Google's-search product, not just a COVID-19 related problem."  Needham analysts predict Google's second quarter revenue will be down 7% year-over-year because of the […]

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Sheryl Sandberg denies Facebook is feeling pressure from ad boycott

Facebook is making changes to its hate speech policies ahead of its meeting with civil rights leaders on Tuesday, but operating chief Sheryl Sandberg insists they aren’t in response to high-profile ad boycotts. In a Tuesday morning post on her Facebook page, Sandberg said that the results of the company’s two-year independent civil rights audit will be released Wednesday, and […]

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