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Techlife News #468

Read the most relevant news of the week about the world of technology and its influence on our lives. New products, Apps, acquisitions in the industry, highlights about the digital world and everything about your favorite iGadgets and upgrades. Everything you need to keep well informed. A new concept of light, intelligent, innovative reading at your fingertips. A global view of Tech LifeStyle and its influence on our lives.

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Pays:
United States
Langue:
English
Éditeur:
Ivan Castilho de Almeida
Fréquence:
Weekly
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52 Numéros

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4 min.
us layoffs remain elevated as 898,000 seek jobless aid

The number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago. The report from the Labor Department shows that the job market remans fragile, and it coincides with other recent data that have signaled a slowdown in hiring. The economy is still roughly 10.7 million jobs short of recovering all the 22 million jobs that were lost when the pandemic struck in early spring. The job search website Indeed said its job postings were unchanged last week, remaining about 17% below last year’s levels. Many employers still aren’t confident enough in their businesses or in their view of the economy to ramp up hiring. Job postings had…

3 min.
united loses $1.8 billion, aims to shift focus to recovery

United Airlines financial hole grew deeper over the summer as a modest recovery in air travel slowed down, pushing the carrier to a loss of $1.84 billion in the typically strong third quarter. The airline said that revenue plummeted 78% from a year earlier. The loss was worse than analysts had expected. The results from United, and those issued a day earlier by Delta Air Lines, reinforced the damage that the pandemic is doing to a major industry. Seven months into the worst of the coronavirus impact in the U.S., air travel remains down 65% from a year ago. The decline in lucrative business travel is even deeper. United executives believe investors are less interested in current losses and more interested in what the airline plans to do to improve its competitive position…

4 min.
bank profits remain resilient despite lingering pandemic

Unemployment remains high, many small businesses are struggling, and there are few signs that Congress and the White House can soon agree on another stimulus package to help the U.S. economy in the pandemic. But Wall Street banks are on the rebound after slumping the first six months of the year. JPMorgan Chase, Citigroup, Wells Fargo and Bank of America saw their profits partly recover in the third quarter from the depths of the coronavirus-caused recession earlier this year. The turnaround stems mostly from improvements in the U.S. economy that allowed these big banks to set aside less money to cover potentially bad loans — $5 billion in the third quarter versus $33 billion in the second quarter. “It’s the same story at every bank in the industry right now: lower credit…

5 min.
extra safety scrutiny planned as virus vaccine worries grow

Facing public skepticism about rushed COVID-19 vaccines, U.S. health officials are planning extra scrutiny of the first people vaccinated when shots become available — an added safety layer experts call vital. A new poll suggests those vaccine fears are growing. With this week’s pause of a second major vaccine study because of an unexplained illness — and repeated tweets from President Donald Trump that raise the specter of politics overriding science — a quarter of Americans say they won’t get vaccinated. That’s a slight increase from 1 in 5 in May. The poll from The Associated Press-NORC Center for Public Affairs Research found only 46% of Americans want a COVID-19 vaccine and another 29% are unsure. More striking, while Black Americans have been especially hard-hit by COVID-19, just 22% say they plan to…

2 min.
chinese retailer miniso to raise about $562 million in ipo

Miniso, a Chinese discount retailer known for its fashionable but affordable household products, is expected to raise up to $562 million in a U.S. initial public offering in New York. The Guangzhou-based retailer is the latest Chinese company to list in the U.S., amid tensions that have taken U.S.-China relations to their worst level in decades. The U.S. market remains an attractive place to go public, despite the friction over trade and technology, with Chinese firms raising at least $7.5 billion in initial public offerings in the U.S. this year, according to data compiled by the U.S.-China Economic and Security Review Commission. Miniso founder Ye Guofu, who owns an 80% stake in the company, is set to become a billionaire following the listing on Thursday in the U.S., with a net worth of…

2 min.
russian-us crew welcomed aboard the space station

A trio of space travelers blasted off to the International Space Station on Wednesday, using for the first time a fast-track maneuver that allowed them to reach the orbiting outpost in just a little over three hours. NASA’s Kate Rubins along with Sergey Ryzhikov and Sergey Kud-Sverchkov of the Russian space agency Roscosmos lifted off as scheduled Wednesday morning from the Russia-leased Baikonur space launch facility in Kazakhstan for a six-month stint on the station. For the first time, they tried a two-orbit approach and docked with the space station in just a little over three hours after lift-off. Previously it took twice as long for crews to reach the station. Aboard the station, they were welcomed by the station’s NASA commander, Chris Cassidy, and Roscosmos cosmonauts Anatoly Ivanishin and Ivan Vagner,…