J2 Global Inc., a cloud service company and website operator, said the owner of a company it purchased was not a director — though public documents show he was on the board of one of the company’s subsidiaries. J2 Global was accused by New York–based Hindenburg Research, a short-selling investment …
Read More »Coronavirus update: Global case tally climbs to 9.5 million and rising cases in U.S., Brazil and others show pandemic is far from over
The global case tally for the coronavirus illness COVID-19 climbed to 9.5 million on Thursday, a day after the U.S. recorded its highest one-day peak since late April and cases continued to climb in Brazil, Mexico and other countries, in the latest indication that the pandemic is far from contained. …
Read More »Key Words: Here’s what Pope Francis said about the global economy that drew a ‘wow’ from a former presidential candidate
“ ‘This may be the time to consider a universal basic wage which would acknowledge and dignify the noble, essential tasks you carry out. It would ensure and concretely achieve the ideal, at once so human and so Christian, of no worker without rights.’ ” That’s Pope Francis showing support …
Read More »Asia Markets: Asian markets mixed as most global indexes closed for Good Friday
Asian markets were mixed in light trading Friday following gains on Wall Street. Japan’s Nikkei NIK, +0.78% was about flat while South Korea’s Kospi 180721, +1.33% rose 0.3%. In China, the Shanghai Composite SHCOMP, -1.03% declined 0.6% while the smaller-cap Shenzhen Composite 399106, -1.94% fell 1.3%. Taiwan’s Taiex Y9999, +0.37% …
Read More »Need to Know: Here’s what a team of Citi analysts say will save the global economy — and the stock market
There have been better quarters. The S&P 500 SPX, -1.51% dropped a precise 20% in the January-to-March period, the worst showing since the fourth quarter of 2008 and the ninth worst three-month era on record. The blame can be pinned on COVID-19, which has resulted in 861,305 cases globally and …
Read More »Coronavirus update: Global case count 526,044 with 23,709 deaths, and jobless benefit seekers soar to historic levels
The number of global cases of the coronavirus that causes COVID-19 climbed above half a million on Thursday, and U.S. jobless claims soared to a historic level after workers were laid off or furloughed as non-essential services were ordered to close. The number of Americans who applied for unemployment benefits …
Read More »As global infections exceed 14,000, here’s why the coronavirus spread so rapidly
The coronavirus, a highly contagious, pneumonia-causing illness that infects the respiratory tract, was responsible for 304 deaths in China, with 45 new deaths reported in the previous 24-hour period, and 14,380 infections worldwide, according to the latest figures released by China’s National Health Commission on Sunday (late Saturday, EST). The …
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