U.S. markets are crashing. The Dow dropped 2.2%, the S&P 500 2.5%, and the Nasdaq 2.9% this morning, and are showing signs of heading further south. The Dow and S&P 500 have lost 10% since Monday. Market gurus are throwing around the term ‘correction‘, which is typically at least -10%. Bank of America says to expect global GDP growth of 2.8%, which would be the worst since the financial crisis, dragged down by coronavirus fears, as well as uncertainty about the U.S. election. Goldman Sachs updated its earnings estimate for U.S. companies in 2020 to 0%. Wall Street’s earlier estimates for the year were 7% growth. The update comes due to China’s slow first quarter and rampant supply chain disruptions to U.S. companies, leading Apple, Nike and United Airlines to say they will not meet their earnings targets. Europe and Asia markets tumble 2-4%. The Stoxx Europe 600 dropped 4% and the Nikkei 2.1%. Before you blame the drops entirely on coronavirus, know … [Read more...] about Coronavirus infects the markets: U.S. markets down 10%, Goldman predicts 0% growth in 2020
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In 2018, Patagonia founder Yvon Chouinard changed the company’s mission statement to “Patagonia is in business to save our home planet,” and sees film as a key tool in getting the rest of us to feel the same way. Last year, in a Fast Company cover story, he said: … [Read more...] about Patagonia’s new film celebrates activists fighting urban oil drilling in L.A.
In a plea by activist Harsh Mander, which is being heard by the Delhi High Court, an impleadment application has been filed by advocate Sanjiv Kumar on February 27, legal news portal Bar & Bench reported. He has sought the registration of first information reports (FIRs) against Mander, actor Swara Bhaskar, RJ Sayema and Aam Aadmi Party MLA Amanatullah Khan for their stand against the recently amended Citizenship Act. … [Read more...] about Delhi violence | FIRs sought against Swara Bhaskar, Harsh Mander & AAP MLA: Report
Delhi Police registers FIR against AAP councillor Tahir Hussain Delhi violence: Kejriwal announces Rs 10 lakh compensation for deceased's family; lists out peace initiatives Delhi HC to hear on Friday plea seeking FIR against Sonia, Rahul, Priyanka, others for alleged hate speech … [Read more...] about Justice Muralidhar delivers last verdict as Delhi High Court judge