A new report reveals two-thirds of imported respirator masks from China into the US failed to meet safety standards. According to Business Insider, the report was produced by ECRI, an independent nonprofit organization that monitors the safety and quality of healthcare equipment. After testing nearly 200 KN95 masks from 15 different manufacturers, ECRI found a significant majority filtered out fewer than 95 percent of particles.
Sen. Rand Paul, R-Ky. and Dr. Anthony Fauci went head to head on Capitol Hill on Wednesday about the issue of 'herd immunity' and the COVID-19 pandemic. Business Insider reports that Paul argued that the 210,000 Americans who have died from the novel coronavirus had nothing to do with public health. Instead, Business Insider reports he argued that the same number of Americans would've died of COVID-19 even if states hadn't enforced any shutdown measures.
Hi! Welcome to the Insider Advertising daily for September 22. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected] Today's news: Walmart and Instacart chip away at Amazon's ad dominance, Quibi mulls a sale, and Suzy raises $34 million.
With record low-interest mortgage rates and a collective pandemic-driven desire to get out of town, many people are seriously considering buying a second home. According to Business Insider, financial planners say there are three things that potential buyers should think about before taking the plunge. Business Insider reports that first, you need to have your own financial house in order. Be on track for retirement, and have absolutely zero high-interest debt.
Business Insider reports that Jack Ma's Ant Group is looking to raise its funding target to $35 billion through its initial-public-offering. Ant is Alibaba's fintech arm and China's dominant mobile-payments service. Ant raised its valuation to $250 billion from $225 billion. Previously, the company expected to raise $30 billion. When Ant goes public, its listing will likely be the largest IPO in the world.
Wall Street's main indexes closed lower on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the U.S. economy faces a longer road to recovery than previously hoped for. Fred Katayama reports.
Wall Street's main indexes hit their lowest in nearly seven weeks Monday as concerns about fresh coronavirus-driven lockdowns and the inability of Congress to agree on more fiscal stimulus raised fears about another hit to the domestic economy. Fred Katayama reports.
Economists at Bank of America lifted their forecast for third-quarter US GDP growth to 27% from 15% on Friday. Business Insider reports better-than-expected trends in retail sales, the housing market, and hiring. BoA lowered its fourth-quarter projection to 3% from 5%. Failed stimulus negotiations are growing increasingly likely. No new aid could be a speed bump for the American economy. BoA made the adjustment after Senate Democrats blocked Republicans' $500 billion measure on Thursday.
On Friday, Bank of America upgraded Tesla to "neutral" from "underperform." It raised its price target to $1,750 from $800. The firm's new price target implies an 8% upside for Tesla shares over the next year. Business Insider reports that shares of Tesla ticked up as much as 4% on Friday. Morgan Stanley also boosted its price target and rating on the automaker.
On Wednesday, Bank of America analysts downgraded Apple, Inc. To BoA, Apple's surging stock price doesn't present the strong risk-reward profile it once did. BoA downgraded Apple to "neutral" in a note. It said Apple's recent rally to record highs faces too many risks to recommend buying more shares. Business Insider said Apple's future performance could slip if 5G iPhones miss expectations or sell worse than estimated. Services may also shrink after several quarters of "unsustainable" growth.
Warren Buffett's investment in Apple has tripled in value to north of $100 billion. Buffett's Berkshire Hathaway spent about $35 billion to build the 5.7% stake in Apple The 10% rise in Apple's stock price on Friday boosted its value to about $104 billion. Business Insider reports that Berkshire's Apple position is now worth more than four times its second-largest holding, Bank of America. Industry analysts call Buffett's investment into Apple "one of the best investments ever."
In gauging the COVID-19 pandemic's impact on the real estate market in Dubai, Euronews' Target discovers that the first half of 2020 actually saw transactions worth the equivalent of €16.3 billion. So how is the market faring - and where is it heading? View on euronews
Credit: euronews (in English) Duration: 04:00Published
Fortnite developer Epic Games is suing Apple and Google after both companies pulled Fortnite from their stores.The game was pulled from the Apple App store and Google Play just hours after the Fortnite..
Credit: In The Know Wibbitz Duration: 00:57Published