Blog Archive

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Internet ETFs to Keep Soaring Amid Coronavirus Crisis

The coronavirus outbreak continues to aggravate in the United States as it recorded 35,112 new cases and 445 virus-related deaths on Aug 17, according to data from Johns Hopkins University. The world’s largest economy has already seen more than 5.4 million coronavirus cases along with at least 170,000 fatalities. Per a CNN report, around 189,000 coronavirus deaths in the United States are currently expected by Sep 5, with a possible range of 181,375 to 201,431 deaths, according to an ensemble forecast published by the US Centers for Disease Control and Prevention.

The second half of 2020 is expected to keep facing the brunt of the pandemic as the second wave of the outbreak is gathering steam.In the current scenario, the rising work-from-home and online shopping trend, increasing digital payments, growing video streaming and soaring video game sales are slowly becoming the “new normal.” With the new trends making way, Internet

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Crabapple Fest Postponed To Spring Due To Coronavirus Concerns

MILTON, GA — Milton’s popular Crabapple Fest will not take place this fall, as planned, in the interest of ensuring vendors, residents and visitors’ good health and safety.

The City of Milton and Crabapple Community Association determined the annual family-friendly art and antique street festival will not occur this Oct. 3 due to the ongoing COVID-19 pandemic. Instead, and assuming progress related to curbing this novel coronavirus, organizers hope to hold Crabapple Fest in the spring. While all details haven’t been finalized, the date for the rescheduled Crabapple Fest is now April 24, 2021.

“We appreciate everyone’s patience as we work through this challenging period while also looking forward to a return to normal,” said Crabapple Community Association President Reid Casey. “Crabapple Fest is so important to our great community – which makes it especially important that this event happens safely for everyone involved.”

Tens of thousands of people from

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The coronavirus pandemic forced many people in Connecticut to work from home. Power outages from Tropical Storm Isaias could send some back to the office.

The coronavirus pandemic forced legions of office workers in Connecticut to work at home to stop the spread, but the strategy hit a major disruption when Tropical Storm Isaias knocked out power — and in many cases, internet — to hundreds of thousands of utility customers in the state.

Major employers in the Hartford area said Wednesday they were coping with how the loss of power was affecting employees working remotely. In some cases, shifting responsibilities to employees who did have power. Some were even considering allowing some workers to come back to the office on a temporary basis.

Travelers Cos., a property-casualty insurer employs 7,000 in the Hartford area, said it is being as flexible as possible as employees deal with power loss, internet problems and storm damage.

“Colleagues from other parts of the company are able to support those who have been affected by Isaias so that we

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Are they any use? With Europe’s black-box coronavirus apps it’s hard to tell

By Padraic Halpin and Douglas Busvine

DUBLIN/BERLIN (Reuters) – Europe’s experiment in using technology to fight coronavirus has achieved some early successes: millions of people have downloaded smartphone tracker apps and hundreds have uploaded the results of positive COVID-19 tests.

Yet most European countries so far lack solid evidence that their apps – which identify close contacts via Bluetooth connections with nearby users – are actually alerting people who may have caught the disease before they can infect others.

The reason? Design choices made by governments and their app developers to protect people’s privacy.

In many of the 11 European territories using architecture designed by Alphabet’s Google <GOOGL.O> and Apple <AAPL.O>, apps have been made to be ‘blind’ to warnings of potential exposure to COVID-19 flowing through the system.

In Switzerland, for example, the Federal Office of Public Health acknowledged that “the effectiveness of the SwissCovid App is difficult to

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How a mysterious company tied to ‘Titanic’ villain landed government coronavirus contracts

Billy Zane, the Hollywood actor best known as Rose’s villainous fiance in “Titanic,” was the celebrity pitchman for a venture capital firm that specializes in flashy global networking events.

It’s the same company that taxpayers paid $2.4 million for ventilators and protective garb this year as the firm set its sights on the global coronavirus pandemic. And the U.S. government appears to have grossly overpaid for it.

But trying to track down information about the company and its product exposes the tangled web the government has created for itself by relying on a growing number of middlemen, brokers and newcomers to secure emergency supplies.

Parkpine Inc. is a Delaware company registered to a single-family home in Los Angeles, with a mailing address at an apartment in Chinatown, and tied to a business with “offices” in Silicon Valley and Hollywood that really are just UPS Store mailboxes.

Founder and managing partner

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An ‘unprecedented proliferation’ of coronavirus scams is sweeping the nation

There you are, sitting at home near the phone or in front of your computer, working remotely or just trying to stave off boredom amid the pandemic.

That makes you typical of many if not most Americans.

It also makes you a sitting duck.

Just ask Phil Moore. The 73-year-old told me the other day that he’s now getting about 10 scam calls a week, typically using a “spoofed” phone number designed to trick his caller ID system.

“It just blows me away that the government hasn’t done a thing about it,” Moore said with barely contained anger.

In fact, government officials are well aware that not only are scam calls on the rise as a result of so many of us being stuck at home, but there’s been a steady increase in rackets involving the coronavirus and COVID-19.

The Federal Trade Commission told lawmakers on Capitol Hill recently that

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Philippines coronavirus cases top 100,000

MANILA, Philippines — Coronavirus infections in the Philippines surged past 100,000 Sunday after medical groups declared that the country was waging “a losing battle” against the virus and asked the president to reimpose a lockdown in the capital.

The Department of Health reported a record-high daily tally of 5,032, bringing the total confirmed cases in the country to 103,185, including more than 2,000 deaths. The Philippines has the second-most cases in Southeast Asia after Indonesia.

President Rodrigo Duterte eased a tough virus lockdown in the capital, Manila, on June 1. After shopping malls and workplaces were partially reopened and limited public transport was allowed, infections spiked sharply with increased virus testing.

More than 50,000 infections were reported in less than four weeks and leading hospitals began warning that their coronavirus wards were fast being overwhelmed to capacity again, as they were when cases soared alarmingly in April.

After Duterte further

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Coronavirus child care pinch in U.S. poses threat to economic gains of working women

By Jonnelle Marte and Rachel Dissell

CLEVELAND (Reuters) – Most days, Zora Pannell works from her dining room table, sitting in front of her computer, turning off the video on Zoom calls to nurse her one-year-old daughter, Savannah.

Pannell has balanced working from home and caring for her daughter and son Timothy, aged 2, since March when she started a new job as a manager for a language services company the same week that Ohio issued a “stay at home” order to stop the spread of the coronavirus.

Working from home is an exhausting daily juggle but she’s more worried about being told it’s time to return to the office. Her husband cannot watch the children during the day because he has a job at a local steel mill and the couple have been unable to find a daycare center they deemed safe and affordable close to their Shaker Heights

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Tech Emerges Savior in the Times of Coronavirus: 5 Picks

Despite the coronavirus pandemic and concerted anti-trust scrutiny, big tech companies reported blowout June-quarter earnings on Jul 30, surpassing Wall Street expectations. Apple Inc. AAPL, Amazon.com, Inc. AMZN, Alphabet Inc. GOOGL and Facebook, Inc. FB together racked up profits of almost $29 billion on sales of nearly $200 billion in the second quarter. 

 

And combined revenues for the four, excluding Alphabet’s traffic acquisition cost, or TAC, was $198.11 billion, beating Wall Street’s expectations of combined revenues of $181.5 billion, and way more than $165.7 billion in the year-ago quarter.

 

Interestingly, the big four tech companies reported stellar results a day after a five-and-a-half-hour-long grilling of their CEOs by house members in a historic antitrust hearing. Nonetheless, shares of the big tech companies in after-hour trading pushed toward a market cap increase of more than $200 billion. Currently, the big four tech companies’ worth is almost $5 trillion.

 

Apple displayed strength

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Elon Musk is sparring with Bill Gates after he criticized Musk’s coronavirus comments. Here are 10 other rivalries that have formed between some of the world’s biggest tech leaders.

Tesla and SpaceX CEO Elon Musk, left, and Microsoft cofounder Bill Gates, right.
Tesla and SpaceX CEO Elon Musk, left, and Microsoft cofounder Bill Gates, right.

AP/Jae C. Hong/Yana Paskova/Getty/Business Insider composite

  • While there are many close friendships among tech CEOs in Silicon Valley, there are plenty of feuds, too. 

  • Some appear to be friendly rivalries — like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison — but others have become more contentious. 

  • Tim Cook and Mark Zuckerberg, for example, have been openly feuding for years, while Elon Musk and Jeff Bezos have made digs at each other over outer space. 

  • Visit Business Insider’s homepage for more stories.

Silicon Valley is a breeding ground for rivalries. 

In a place where world-changing ideas are born and billions of dollars are at stake, it’s only natural that rivalries develop between Silicon Valley’s power players, ranging from friendly sparring to pointed critiques. 

While some feuds, like the one between Salesforce CEO Marc Benioff and Oracle

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