Monday, July 26, 2021
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Bill Ackman, the billionaire owner of Pershing Square Capital Management is foreseeing a massive boom in the U.S economy. The billionaire investor who said last year that government should give every American cash at birth so they can retire a millionaire, told CNBC on Monday the economy will see a "massive" boom in the fall despite the new delta variant of...
A Beijing-based veterinarian who was earlier confirmed as China’s first human infection case with Monkey B Virus (BV), has died from the virus, the State-run Global Times reported. The 53-year-old man who worked for an institution researching non-human primates, was diagnosed with Monkey B Virus after he developed symptoms of nausea and vomiting. He developed the symptoms a month after he dissected...
U.S President Joe Biden has expressed disappointment on big social media platforms like Facebook for spreading misinformation about the coronavirus and vaccines. "They’re killing people," the president said when asked what his message was to social media platforms like Facebook on the spread of false and misleading claims about the virus and the safety of vaccines that prevent it. "The only pandemic we have...
The wage gap between Chief Executive Officers of big corporations and median employee pay widened in 2020 amid the coronavirus pandemic, according to AFL-CIO's annual Executive Paywatch report. The report shows that average S&P 500 company CEO made 299 times the average worker's salary last year. Executives received $15.5 million in total compensation on average - an increase of more...
The US Consumer Product Safety Commission (CPSC) has filed a lawsuit against Amazon, accusing the e-commerce giant of selling hazardous products to its customers. Among the products cited in the suit by the federal safety watchdog are carbon monoxide detectors that fail to alarm, numerous children's pajamas that could catch fire and nearly 400,000 hair dryers that could electrocute people...
South Africa is battling its worst unrest since the end of apartheid with shopkeepers firing at looters and a woman throwing her baby from a burning mall roof as violence sparked by the jailing of 79-year-old ex-president Jacob Zuma last week. Zuma, 79, was sentenced to 15 months in prison by South Africa’s top court for contempt of court following...
Many graduate students at some of America’s most prestigious universities are drowning in debt up to $200,000, yet most earn as little as $30,000 two years after graduation. A recent article published by the Wall Street journal reveals the struggles students face in the highly competitive programs at Ivy league schools that leave many of them broke and wondering if...
Robinhood has settled a wrongful death lawsuit filed by the family of a 20-year-old trader who killed himself last summer after mistakenly believing he owed $730,000 to the online broker. Alexander Kearns,20, was trading on June 11 last year using the Robinhood app when the app suddenly put a hold on his account and showed a negative balance of $730,000 and...
The world’s richest person, Jeff Bezos is finally stepping on Monday July 5 as Amazon’s CEO at age 57. Bezos, who first announced in February he’s stepping down as the CEO of the e-commerce giant he founded 27 years ago, will retire on Monday with a staggering $201 billion fortune according to Forbes real time net worth - that is...
Investment banking giant, Goldman Sachs has cautioned investors not to expect another strong six months for stocks following S&P 500 finishing the first half of the year up about 15%. The bank said on Friday that the stock market is likely to consolidate sideways for the remaining months of the year as investors navigate higher interest rates. With the 10-year...
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