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Apr62021 by adminNo Comments

Dow and S&P hit record highs behind tech rally, positive job data

Business

April 5 (UPI) -- U.S. markets hit record highs on Monday amid a continued tech rally and positive job growth data. The Dow Jones Industrial Average climbed 373.98 points, or 1.13%, to a record 33,527.19, while the S&P 500 gained 1.44% to close at a new high of 4,077.91. The Nasdaq Composite also increased 1.67%. Advertisement Google's parent company, Alphabet, helped lead the sustained rise in tech stocks gaining 4.19%, while Facebook increased 3.43%, Microsoft climbed 2.77% and Apple rose 2.36%. Tesla stock also increased 4.43% on Monday while chipmaker intel gained 3.08%. Markets also responded to the Labor Department reporting that the U.S. economy added 916,000 jobs in March, beating many analysts' expectations of about 850,000. Stocks that would benefit from the widespread liftin...

Mar242021 by adminNo Comments

Nasdaq drops 2% as U.S. markets fall broadly behind tech decline

Business

March 24 (UPI) -- U.S. markets fell broadly on Wednesday amid a widespread sell-off in tech stocks and the second day of testimony from federal economic leaders. The tech-heavy Nasdaq Composite dropped 2.01%, while the S&P 500 fell 0.55% after having risen as much as 0.8% earlier in the day. The Dow Jones Industrial Average ended the day flat, falling 3.09 points. Advertisement Tech stocks helped to lead the decline on Wednesday as Facebook stock fell 2.92%, Netflix dropped 2.67% and Apple slid 2%. GameStop stock plummeted 33.79% after the company ended a post-earnings conference call on Tuesday as it missed fourth quarter earnings estimates. Airline stocks had rebounded earlier in the day after losses on Tuesday, but ultimately fell flat with United dropping 0.97% and American Airli...

Mar202021 by adminNo Comments

He was 4 months behind on his rent. Why his landlord never mentioned eviction

Finance

Victor Washington fell behind on his rent during the pandemic. He and his landlord, Andrea Sorum, joined forces to keep him in his home.Source: Andrea SorumAt one point in the pandemic, Victor Washington was nearly four months behind on his rent.The problems began soon after he moved into the one-bedroom condo in South Minneapolis in October of 2020. Out of nowhere, a blood clot formed in his right leg and he needed a procedure. At the middle school where he worked as a custodian, he used up all of his paid vacation and sick time to heal.Then, in December, he got Covid. Washington's breathing became so bad, he landed in the hospital. He spent eight days there. He missed more work, this time without pay.Washington had to call his landlord, Andrea Sorum, and tell her that he wasn't going to ...

Mar192021 by adminNo Comments

Science behind Pfizer vaccine can be used to give people cancer jabs ‘within a couple of years’

Technology

The co-creator of Pfizer's coronavirus vaccine has said the technology behind it could soon be used to fight cancer too.While the vaccine has been bankrolled by the American pharmaceutical giant, the science itself is the work of BioNTech, a German company founded by married couple and dedicated physicians Ugur Sahin and Ozlem Tureci. Dr Tureci was working on a way to harness the body's immune system to tackle tumours when the pair learned last year of a mystery virus infecting people in China. Image: mRNA could be used to treat more than just COVID-19. Pic: NIAID Over breakfast, they decided to apply the technology they'd been researching for two decades to the new threat, dubbing the effort "Project Lightspeed."Both COVID-19 vaccine...

Mar192021 by adminNo Comments

China tries Canadian Michael Spavor behind closed doors

World

March 19 (UPI) -- A Chinese court said it tried behind closed doors on Friday one of two Canadian citizens facing espionage charges after being detained by the Asian nation in late 2018, stating the verdict will be announced at a later date. In a brief statement, the Liaoning Dandong Intermediate People's Court, near China's southern border with North Korea, said Michael Spavor and his defense lawyers appeared in court Friday where he was tried "for spying overseas and illegally providing state secrets." Advertisement Spavor is one of two Canadians along with Michael Kovrig who were arrested in China within weeks of Canadian authorities detaining Meng Wanzhou, the chief financial officer of Huawei, on Dec. 1, 2018, at the request of the United States, which had issued a warrant for her ar...