Exclusive: Pakistan's fiscal deficit to surge, tax revenue to miss target this year - finance chief

Pakistan's fiscal deficit will surge to 9% in the ongoing fiscal year, the country's de facto finance minister said on Friday, as its economy reels from the fallout of the coronavirus crisis.
Tags: Money, businessNews, Pakistan

Trump 'torn' over U.S.-China trade deal as officials push to fulfill its terms

U.S. President Donald Trump said on Friday he was "very torn" about whether to end the so-called Phase 1 U.S.-China trade deal, just hours after top trade officials from both countries pledged to press ahead with implementing it despite coronavirus economic wreckage.
Tags: Money, China, businessNews, Donald Trump, Trump

Argentina's $65 billion debt deadline hits as officials push further talks

Argentina will keep pushing for talks with creditors even as a deadline for its $65 billion debt restructuring proposal passed on Friday with little sign it had the support needed from international bondholders to unlock a comprehensive deal.
Tags: Money, businessNews, Argentina

India's fuel demand nearly halves in April amid lockdown

India's fuel demand dipped 45.8% in April from a year earlier, as a nationwide lockdown and travel curbs to combat the spread of novel coronavirus eroded economic activity.
Tags: Money, India, businessNews

IMF's Georgieva downbeat on global economic forecast, warns against protectionism

The head of the International Monetary Fund on Friday signaled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war that could weaken a recovery from the coronavirus pandemic.
Tags: Money, China, businessNews, United States, International Monetary Fund, Imf, Georgieva

Coronavirus inflicts huge U.S. job losses as pandemic breaches White House walls

The U.S. government reported more catastrophic economic fallout from the coronavirus crisis on Friday as the pandemic pierced the very walls of the White House and California gave the green light for its factories to restart after a seven-week lockdown.
Tags: Money, California, White House, businessNews

Mexico to unveil economic restart next week after coronavirus lockdown

Mexican President Andres Manuel Lopez Obrador said on Friday he aims to present plans next week to reopen the economy, as key sectors like carmaking look to begin business again after over a month of quarantine measures to curb the coronavirus outbreak.
Tags: Money, Mexico, businessNews, Andres Manuel Lopez Obrador

Covid 19 coronavirus: Business insolvencies to surge as wage subsidy runs dry

Covid-19 has tipped some struggling and startup businesses over already - but the real toll will emerge in the coming months.John Fisk, a managing partner at PwC who leads the national restructuring practice, said the lockdown "hibernation"... [Author: [email protected]]
Tags: Business, John Fisk

Senators propose moving Secret Service back to Treasury

The shift would highlight the protective agency's more investigative activities. Plus, a look at the Secret Service's evolution and movies featuring its agents to help you pass time in coronavirus self-isolation. Secret Service agent Allen Taylor following former First Lady Michelle Obama in a less formal setting. Obama discusses her protective coverage in Netflix's now-streaming "Becoming" documentary. (Photo: Netflix) The Secret Service could be heading home. The federal law enforcem...
Tags: Hollywood, Taxes, Obama, California, Washington, White House, Fbi, Dave, Netflix, Clint Eastwood, Treasury, Michelle Obama, John Malkovich, Dallas, John F Kennedy, Secret Service

Non-COVID Topic - Form 1040-SR and Data

I'll return to COVID-19 tax legislation policy topics soon, but wanted to note an item I noticed a few weeks ago in filing my own return.  In messing around with TurboTax, I discovered that it defaults to preparing a Form 1040-SR if the taxpayer or spouse is age 65 or older. I assume that likely confuses many affected people because they never heard of the form and might think it means they are paying more or paying less.There is no difference between the 1040 and 1040-SR besides the "SR" and f...
Tags: Amazon, Taxes, Congress, Irs, Turbotax, 1040, Professor Nellen, Nellen, Tax Technology, 1040-SR

Animal Crossing: New Horizons Highest-Selling Title in the Franchise

Animal Crossing: New Horizons has surpassed all other titles in the franchise in terms of sales, a feat that will probably have Nintendo prioritizing its next release as soon as possible. Not satisfied with its achievement of being the fastest-selling (and best-selling) Nintendo Switch title in Japan, Animal Crossing: New Horizons has secured a new […]
Tags: Business, Japan, Animals, Marketing, Sales, Nintendo, Anime, Simulation, Animal Crossing, Nintendo Switch

The fixation on Elon Musk's billionaire-ness overlooks the fact that he doesn't care about money (TSLA)

Elon Musk has said he's ridding himself of earthly possessions. But he mostly owns California real estate — millions of dollars worth, an illiquid asset that's hard to sell. His Tesla shares, after a massive run-up, are worth close to $40 billion, but he almost never sells stock. He lives off loans from major banks, using his Tesla stake as collateral. Musk appears to be selling several of his multimillion-dollar homes, but his latest moves aren't really all that weird; he's never cared much a...
Tags: Facebook, Spacex, Elon Musk, California, Ebay, US, Los Angeles, San Francisco, Trends, Tesla, Paypal, TSLA, Toyota, Grimes, Mars, Mclaren

11 critical, unanswered questions about the coronavirus and COVID-19, the diseases it causes

Experts continue to study the novel coronavirus as the number of people it infects and kills rises each day. Scientists are increasingly certain the coronavirus came from bats but aren't sure exactly how it hopped over to humans. Researchers also don't yet know why the virus doesn't cause symptoms in most children, whether it's seasonal, and how long people with antibodies might be immune. Visit Business Insider's homepage for more stories. In the realm of medicine, what you don't know can in...
Tags: Elon Musk, Washington Post, China, US, Trends, Beijing, Atlantic, Daily Show, Fda, Donald Trump, Anthony Fauci, Trevor Noah, The Washington Post, Wuhan, Trump, Hubei

Detroit Lions use Animal Crossing (yes, really) to reveal 2020 schedule

The 32 teams in the National Football League announced their schedules for the 2020 season. It’s very typical, if a bit optimistic given the current state of the world. The Detroit Lions, on the other hand, chose to reveal their schedule via the medium of… Animal Crossing: New Horizons? What the–? Big shout out to @animalcrossing for holding it down while we wait for football season. #animalcrossingnewhorizons #acnh #animalcrossing — Detroit Lions (@Lions) May 8, 2020 ...
Tags: Startups, Gaming, Detroit Lions, National Football League, Animal Crossing, Lions Twitter

Huge rise in fake goods and scams amid coronavirus lockdown, say UK councils

Complaints soar over useless face masks, handmade sanitisers and school meal scamsCoronavirus – latest updatesSee all our coronavirus coverageMore than 500,000 unusable face masks, and a garage selling fake Covid-19 testing kits, are among the hundreds of frauds investigated by trading standards officers since the start of the lockdown.According to the Local Government Association, fraudsters have gone into overdrive during the past six weeks to exploit the public’s fears and the fact that they ...
Tags: UK, Money, UK News, Consumer affairs, Local Government Association, Coronavirus outbreak

Earnings offer hope, but ‘normalcy’ is still distant

The virus may continue to wreak havoc for a while, but a strong quarter of earnings offers support to the idea that there's light at the end of the tunnel.
Tags: Real Estate, Wall Street, Recession, Markets, Analysis, Radio, Earnings, Compass, Zillow, Redfin, Glenn Kelman, Industry News, Keller Williams, EXP, Realogy, Markets & Economy

Seven Highly Effective Ways To Lead A Virtual Workforce

by Martin Lanik, CEO of Pinsight and author of “The Leader Habit“ Welcome to the Future of Work! As most of us are adjusting to virtual dinner dates and Zoom happy hours, leaders around the world have found themselves in a tough situation figuring out how to lead their teams, departments, and organizations virtually. Studies have established that the leadership behaviors in face-to-face and virtual settings are largely the same, but their relative importance increases in virtual settings. Some ...
Tags: Startups, Leadership, Aig, Managing People, Professionalisms, Virtual Team, Leading People, Remote Workforce, Martin Lanik, Brandon Hall

What Companies Benefit From Coronavirus?

(CBSNewYork) — Much of the national economy is struggling. Many industries have essentially shut down, hopefully temporarily, as most of society walls itself off from the coronavirus. The economy shrank by approximately five percent in the first quarter, and the second quarter is expected to be worse. A recession — defined as two consecutive quarters of negative Growth Domestic Product growth — seems imminent. Consumer spending, which accounts for over two-thirds of GDP, is unlikely to rebound s...
Tags: Amazon, Business, News, Microsoft, US, Walmart, Economy, Netflix, Nvidia, Amd, Ubisoft, Activision, Amazon Pantry, Trump, Consumer, Madden

Adjusting Nuclear, Wind and Solar Energy For Equal Comparisons

The coronavirus crisis has US corporate interest rates are in the 1.8-4.1% range. China has a 10-year government bond yield of 2.6%. Low rates make new nuclear energy and other high capital cost... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: China, US, Innovation, Solar Energy For Equal Comparisons

Saudi, U.S. firms eye stakes in Reliance's Jio - Bloomberg

Two more firms are eyeing a share of Reliance Industries Ltd's $65-billion digital unit Jio Platforms, according to Bloomberg News, setting them up to be a part of a growing list of firms that have recently invested in the Indian company.
Tags: Money, businessNews, Reliance, Bloomberg News, Reliance Industries Ltd, Jio Platforms, Jio Bloomberg

The best cheap gaming laptop deals for May 2020

These are the best cheap gaming laptop deals you can score, including picks that ring in at less than $500.
Tags: Deals, Gaming, Trends, Computing, Gaming Laptops, Commerce 2020

The Tiger King’s legal team politely asks Trump for a pardon with a ridiculous video

Alert: Spoilers for the Netflix docuseries “The Tiger King” ahead. “President Trump we are asking you today to please free Joe Exotic. He’s absolutely not guilty. And we’re going to be able to prove that. We’re asking for a pardon.” Eric Love, lead investigator for the Tiger King’s legal team. TMZ today revealed an exclusive video from the legal team of Joe Maldonado-Passage, AKA Joe Exotic the Tiger King, requesting a pardon for the disgraced former zoo owner from US president Donald Trump. Exo...
Tags: Startups, Politics, US, Tech, Donald Trump, Trump, Joe Maldonado, Distract, Eric Love, Tiger King

Xbox lead Phil Spencer says the industry will start to see the impacts of coronavirus in early 2021, as some crucial aspects of video game production have 'basically stopped' (MSFT)

The video game industry has enjoyed record profits amid the spread of the coronavirus, as millions of people sheltering in place turn to gaming for entertainment. Huge game releases like "Animal Crossing: New Horizons" and "DOOM Eternal" enjoyed larger than expected launches, and upcoming games like "The Last of Us: Part II" and "Cyberpunk 2077" have brewed excitement. Moreover, new game consoles like Sony's PlayStation and Microsoft's Xbox are expected this holiday season. But the game indust...
Tags: Microsoft, China, Trends, United States, Fifa, Sony, Nintendo, Business Insider, Spencer, NPD Group, Madden, Phil Spencer

Auto production collapses by 99% in Mexico and Brazil due to coronavirus

Auto production in Mexico and Brazil, Latin America's top producers, plunged by an unprecedented 99% in April as a result of the coronavirus crisis, with the two countries building a total of just 5,569 vehicles.
Tags: Money, Mexico, businessNews, Brazil, Brazil Latin America

The best multiplayer games on Nintendo Switch (May 2020)

The Nintendo Switch's hybrid design adds convenience to your gaming time through free and premium titles.
Tags: Gaming, Trends, Nintendo, Best Of, Buying Guides, Nintendo Switch, Splatoon 2, Mario Kart 8 Deluxe, best Switch games, Tier 4

How to livestream on YouTube with OBS

Open Broadcaster Software is a free tool for PC to record and stream video. Here's how to stream to YouTube.
Tags: Gaming, Youtube, Trends, Web, How-to, Computing, Stream, Obs, Tier 4

Tequila and bedsheets: Five popular lockdown buys

A report by the John Lewis group gives a snapshot of what consumers are buying during the pandemic.
Tags: Business, John Lewis

Coronavirus: Six money-saving ideas for lockdown and beyond

Millions of people are facing pay cuts or less work, so how can you make your money go further?
Tags: Business

Fujifilm X-T4 vs. Fujifilm X-Pro3: A difference in form and function

Built around similar tech, these two flagship mirrorless cameras will appeal to completely different crowds.
Tags: Photography, Trends, Mirrorless Cameras, Fujifilm X-Pro3, X-Pro3, Fujifilm X-T4, X-T4

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