Outplacement firm Challenger, Gray & Christmas on Thursday reported that announced job losses last month rose by 134.5%, compared to cuts announced in December 2019. For all of 2020, more than 2.3 million job cuts have been announced, almost three times the 592,556 jobs lost in all of 2019. U.S. […]

Lucid Motors Inc. is in talks with Saudi Arabia’s sovereign wealth fund to build an electric vehicle factory potentially near the Red Sea city of Jeddah, according to people familiar with the matter. The move would mark a significant expansion for Newark, California-based Lucid. Saudi Arabia is trying to become […]

Television viewership across America has risen by most measures as people have been forced indoors. Their options for content have soared in the past few years as network TV channels and cable have been joined by over a dozen large streaming services, led in number of subscribers by Netflix and […]

The current rate of efforts to vaccinate Americans is incredibly slow. Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, says it will pick up as logistics systems are improved. However, about 17.2 million doses have been distributed and 5.5 million have been administered, a rate […]

India will have to show more willingness to import, and since Biden will not encourage sale of oil and gas to bridge the gap, it means there has to be more meaningful duty reduction in other areas even if Delhi baulks at a Free Trade Agreement so soon after walking […]

The largest police union in the US has called on Trump to "forcefully urge" extremists to leave the US Capitol. The National Fraternal Order of Police endorsed Trump in the 2020 election. "Lawlessness is not how Americans affect change in our great country," union President Patrick Yoes wrote. Visit Business […]

Vlad Khandros, UBS' global head of market structure and liquidity strategy, has left the bank's equities trading department to join startup Trumid.  Trumid, which is backed by the Peter Thiel and George Soros, is an electronic marketplace for bond trading. In August, it announced $200 million in new funding to […]

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