Économie

Billionaire Musk's net worth zooms past Warren Buffett's, Bloomberg reports

Billionaire Musk's net worth zooms past Warren Buffett's, Bloomberg reports At Tesla's current stock price of $1,397, Musk would theoretically be able to sell the shares related to the tranche that vested in May and the upcoming tranche for a combined profit of over $3.5 billion, or $1.8 billion per tranche, the news service reported. [Full Article...]

Economy adds 953,000 jobs in June, unemployment rate falls

Economy adds 953,000 jobs in June, unemployment rate falls June's unemployment rate fell 1.5 percentage points to 15.2 per cent as 14,000 people returned to work. If those individuals were counted as unemployed, the data agency said, Canada's unemployment rate would have been 16.3% in June. The province actually gained 118,000 jobs in June, and James says about half of those were in the hospitality sector. A positive development is the number of people ... [Full Article...]

Canada added almost one million jobs in June as businesses reopen

Canada added almost one million jobs in June as businesses reopen Employment across the country has reached within 9.2 per cent of pre-COVID levels, which Stats Can says is a significantly sharper recovery than in previous economic downturns which would take between two to five years. BC's Finance Minister Carol James said half of the province's job gains were in the food and accommodation sectors as BC entered Phase 3 of its Restart Plan . [Full Article...]

Canada predicts historic deficit due to pandemic spending

Canada predicts historic deficit due to pandemic spending Morneau said the debt is manageable, because of borrowing costs that are actually lower than past year due to falling interest rates. Canada's overall debt is slated to hit $1.2 trillion. But the coronavirus shutdown triggered the country's biggest economic downturn since the Great Depression, says a press release from the finance minister. [Full Article...]

Dow Jones gains as investors cheer declining jobless claims

Dow Jones gains as investors cheer declining jobless claims The S&P 500 was virtually flat after flipping between small gains and losses in the first 30 minutes of trading. Stocks have climbed steadily since the outset the coronavirus pandemic and economic collapse it caused, recovering even as COVID-19 cases surge and threaten to deepen the recession driven by the health crisis. [Full Article...]

Facebook Ad Boycott Organizers Say No Progress on Hate Speech

Facebook Ad Boycott Organizers Say No Progress on Hate Speech Murphy said in the interview that the company is facing an "important moment" in which urgent action is needed and it "remains to be seen" if the company is willing to act quickly enough. As a company, we have agreed to an independent civil rights audit which will be released today. Media reports quoted the activists as saying that the virtual meeting, held on the Zoom video conference platfor... [Full Article...]

Portugal: L'Etat proche de prendre le contrôle de la compagnie aérienne TAP

Portugal: L'Etat proche de prendre le contrôle de la compagnie aérienne TAP Le gouvernement portugais a indiqué que la compagnie avait une " énorme importance stratégique pour le pays " et qu'il ne pouvait pas la laisser faire faillite. Mais il n'a pas annoncé de successeur. Privatisée à hauteur de 61% en 2015, la TAP avait vu l'Etat portugais remonter à 50% du capital en 2016. Le consortium Atlantic Gateway de MM. [Full Article...]

Le groupe Air France va supprimer 7.580 postes d'ici fin 2022

Le groupe Air France va supprimer 7.580 postes d'ici fin 2022 Elle prévoit la suppression de 6560 emplois sur 41'000 (CDI équivalents temps plein) au sein de la compagnie tricolore et de 1020 postes sur 2420 chez Hop! , a-t-elle indiqué dans un communiqué à l'issue de réunions avec les représentants du personnel des deux compagnies. [Full Article...]

Uber and Postmates agree on $2.65bn all-stock deal

Uber and Postmates agree on $2.65bn all-stock deal Postmates pioneered food delivery in 2011, but is a distant fourth in the U.S. market to DoorDash, GrubHub and Uber's own Eats services. Postmates was last valued at $2.4 billion, when it raised $225 million in a private fundraising round last September. [Full Article...]

Can an ad boycott change Facebook? It's complicated

Can an ad boycott change Facebook? It's complicated He said: "My guess is that all these advertisers will be back on the platform soon enough". According to a report from the Information , Facebook CEO Mark Zuckerberg recently told employees that he's not anxious about the recent boycott of the social media platform by major advertisers and has no intention of changing the site's policies. [Full Article...]

Satellite-Carrying Rocket 'Lost' After New Zealand Launch

Satellite-Carrying Rocket 'Lost' After New Zealand Launch Every rocket has a failure at some point and this probably "hurts our pride more than anything", said Rocket Lab co-founder and chief executive Peter Beck of today's mission failure - the company's first after 12 successful flights. Rocket Lab then revealed via Twitter that the Electron vehicle was lost during the second stage burn, and committed to sharing more information when it becomes... [Full Article...]

Trump cheers USA economy after June jobs surge despite virus

Trump cheers USA economy after June jobs surge despite virus However, the President remained defiant - despite increasing evidence that face masks could not only prevent the transmission of infection but can also help in unburdening the health infrastructure. 'It looked like the Lone Ranger, ' he added, referring to fictional law-and-order character from the American Old West who wore a black eye mask. "If people feel good about it they should do it", t... [Full Article...]

Supreme Court rules on CFPB constitutionality

Supreme Court rules on CFPB constitutionality The portion of Roberts' opinion holding that the for-cause removal provision could be severed from the rest of the law was joined by Alito and Kavanaugh. All Americans who have credit cards, home mortgages or investments with major USA financial institutions have a stake in the CFPB and its regulation of Wall Street. [Full Article...]

Cirque du Soleil files for bankruptcy protection as COVID-19 cancels shows

Cirque du Soleil files for bankruptcy protection as COVID-19 cancels shows The company was forced to shutdown all of its productions due to COVID-19, and it is not yet clear on what the future is of those shows, including the new show at Disney Springs - Drawn to Life . About 700 of them would be in Las Vegas , where the company earned about 40 per cent of its $1 billion in revenue past year and where it hopes to open a show as early as November, Chief Executive Offi... [Full Article...]

Canadian companies Lululemon, MEC and Arc'teryx join Facebook ad boycott

Canadian companies Lululemon, MEC and Arc'teryx join Facebook ad boycott Amid an intense national debate over racism and frequent eruptions of ugly, hate-filled speech on social media, Starbucks thus followed the lead of other big corporations like Unilever and Coca-Cola , which announced similar pauses on Friday. [Full Article...]

Starbucks, Diageo Suspend All Social Ads As Boycott's Influence Spirals 06/29/2020

Starbucks, Diageo Suspend All Social Ads As Boycott's Influence Spirals 06/29/2020 Canadian companies are joining a growing list of top global brands vowing not to advertise on Facebook Inc.in July because of the company's refusal to deal with the spread of hateful content on its platform. Other brands joining the pause late last week or over the weekend include Beam Suntory and American Honda (the latter's estimated 2019 U.S. Facebook spend was $6 million). [Full Article...]

China's June factory activity quickens but exports stay weak

In our view, it is too early for Beijing to reverse its easing stance", Nomura analysts wrote in a note to clients. Domestically, Chinese small firms are suffering more than larger businesses, while some industries, including textile and wood processing, are struggling to return to normal. [Full Article...]

Starbucks Suspends Advertising Across Social Media to Help Curb Hate Speech

Starbucks Suspends Advertising Across Social Media to Help Curb Hate Speech But it added that "we know we have more work to do". "More vile the environment, less the spends". Even a Coca Cola spokesperson confirmed that although the announcement is to stop advertising on all social media platforms globally, there is not specific communication for India as of now. [Full Article...]

Barista $78K Richer After Refusing to Serve Woman

Barista $78K Richer After Refusing to Serve Woman Then the customer, Amber Lynn Gilles , took a picture of him. Starbucks headquarters in Seattle did not immediately return a request for comment from CBS MoneyWatch. The California Department of Public Health (CDPH) reported a daily increase of 5,972 positive cases of coronavirus , with 60 deaths from Friday to Saturday, according to an update released Saturday morning. [Full Article...]

Zuckerberg perd 7,2 milliards $ US après un boycott publicitaire sur Facebook

Zuckerberg perd 7,2 milliards $ US après un boycott publicitaire sur Facebook Sans participer nommément à ce boycott, Coca-Cola a annoncé une pause dans ses dépenses publicitaires sur les réseaux sociaux pendant 30 jours. Il a exigé des réseaux sociaux - que d'autres marques ont décidé de boycotter pour les forcer à faire davantage pour supprimer les contenus haineux - qu'ils fassent preuve de plus de " transparence et de responsabilité ". [Full Article...]


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