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Read More »Binance’s crypto recovery fund grows to $2 billion
Early Friday morning, Binance CEO Changpeng Zhao said the company committed another $1 billion to its “relief fund” aimed at helping troubled businesses in the crypto industry. Binance’s efforts have been accelerated in the wake of FTX’s collapse earlier this month, which resulted in the company, once valued at $32 billion, filing for bankruptcy protection and leaving the crypto industry frozen in its wake. Earlier this month, Binance walked away from a purported deal to buy FTX. Binance’s… Source link
Read More »Binance commits another $1 billion to crypto recovery efforts
Early Friday morning, Binance CEO Changpeng Zhao said the company committed another $1 billion to its relief efforts aimed at helping troubled businesses in the crypto industry. Binance’s efforts have been accelerated in the wake of FTX’s collapse earlier this month, which resulted in the company, once valued at $32 billion, filing for bankruptcy protection and leaving the crypto industry frozen in its wake. Earlier this month, Binance walked away from a purported deal to buy FTX. Binance’s… Source link
Read More »How ‘sledgehammer, sword’ powered Cowboys past Rams — and further eased pressure on Dak Prescott’s recovery timeline
INGLEWOOD, Calif. — Just six minutes and 17 seconds of play had elapsed between the Dallas Cowboys and Los Angeles Rams. Already, the Cowboys had scored twice. A strip sack returned promptly for a 17-yard touchdown. Favorable field position from a blocked punt handily converted into a field goal. From the sideline of SoFi Stadium, Ezekiel Elliott turned to his partner in crime. “All right now, TP,” he told fellow running back Tony Pollard. “Get ready now.” The Cowboys were already off… Source link
Read More »Google’s Crackdown On Employee Trips Is Another Blow To Business Travel Recovery
Business travel has not recovered as quickly as leisure travel. getty Google has told its senior managers to limit employee travel only to “business critical” trips, according to a leaked internal email seen by The Information. No more team off-sites or social functions, and no more in-person meetings when a virtual option is available. Moving forward, Google’s executives were told, there will be a “high bar” for what is now deemed critical. Last month, Microsoft asked employees to cut… Source link
Read More »The astounding labor market recovery from the pandemic is complete
The U.S. economy added 528,000 jobs in July, more than double the number economists had expected. This staggering increase in employment completes a milestone for the U.S. economy: Pre-pandemic employment is now fully restored. In February 2020, the last month before the COVID-19 pandemic tipped the U.S. economy into recession, there were 152.504 million people employed in the U.S. As of July 2022, 152.536 million people in the U.S. were working. And despite the labor market contraction during… Source link
Read More »Government needs to ‘step up and replenish’ the recovery fund: NYC restaurant CEO
Carmine’s, the iconic Italian restaurant in the heart of New York City’s Times Square is back open for business. The bustling neighborhood mainstay timed its re-opening for the day Broadway theaters drew back their curtains for the first time in more than 18 months as a result of the coronavirus pandemic. And hungry diners packed the house — the restaurant’s 480 seats were completely booked. “There’s been a little bit of a backlog of people who want to come out and celebrate at… Source link
Read More »US STOCKS-Wall Street falls on worries over slowing economic recovery
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Drugmakers Amgen, Merck weigh on Dow after rating cuts * Boeing drops after Ryanair ends jet order talks * Tinder parent Match Group jumps on joining S&P 500 * Indexes down: Dow 0.72%, S&P 0.42%, Nasdaq 0.02% (Updates to open) By Shashank Nayar Sept 7 (Reuters) – The Dow Jones and S&P 500 fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that the… Source link
Read More »Rats, drought and labour shortages eat into global edible oil recovery
By Mei Mei Chu and Naveen Thukral PERAK, Malaysia/SINGAPORE (Reuters) – In a sprawling oil palm plantation in the Malaysian state of Perak, watermelon seedlings are sprouting from freshly ploughed earth between palm saplings while rented cows graze in overgrown areas of the estate. A coronavirus pandemic-induced labour crunch has forced managers of the 2,000-hectare estate in Slim River to find creative ways to upkeep their fields, even as prices of the world’s most consumed edible oil are… Source link
Read More »Economic recovery in rich countries will be ‘very robust’ despite delta variant: Ian Bremmer
Goldman Sachs on Thursday cut its GDP forecast for the U.S., warning of continued supply chain disruption and heightened inflation caused by the COVID-19 delta variant. But the bank still anticipates robust 6% growth for the U.S. economy this year. The world’s richest countries boast relatively high rates of vaccination that ensure strong economic growth, despite a wave of infections brought about by the delta variant, Ian Bremmer, Eurasia Group founder and political scientist, tells… Source link
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