Category: Million

2.98 Million U.S. Weekly Jobless Claims, Higher Than Expected
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2.98 Million U.S. Weekly Jobless Claims, Higher Than Expected

New claims for unemployment benefits fell to 2.98 million last week, data from the Department of Labor showed Thursday. That brings new unemployment claims, a proxy for layoffs, since the coronavirus pandemic began to claim jobs eight weeks ago to around 36.5 million. Economists had been expecting 2.7 million for weekly claims. The prior week…

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U.S. Lost 20.5 Million Jobs in April, Unemployment Soared to 14.7%
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U.S. Lost 20.5 Million Jobs in April, Unemployment Soared to 14.7%

The unemployment rate jumped to 14.7 percent in April and the economy shed 20.5 million jobs, according to data released by the Department of Labor on Friday. April was the second consecutive month of job losses for the U.S. economy following the record 113 months run of expanding employment rolls. Economists had forecast that the…

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N26 raises another $100 million in Series D extension
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N26 raises another $100 million in Series D extension

Fintech startup N26 now has a proper funding war chest to face the economic downturn. The Berlin-based startup has extended its Series D round with another $100 million of funding at the same valuation of $3.5 billion. In total, N26 has raised $570 million as part of its Series D round. N26’s Series D seems…

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Apple News hits 125 million monthly active users
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Apple News hits 125 million monthly active users

During the pandemic crisis, active users of Apple’s news platform hit an all-time high. On an earnings call, Apple CEO Tim Cook shared that Apple News had reached 125 million monthly active users. Cook announced the number after revealing the company’s Q2 performance, which saw its Products revenue decline year-over-year while Services surged. The company…

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Donald Trump: U.S. Spent $452 Million on WHO in 2019 Against China’s $42 Million
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Donald Trump: U.S. Spent $452 Million on WHO in 2019 Against China’s $42 Million

President Donald Trump on Wednesday continued his criticism of the World Health Organization’s handling of Chinese coronavirus pandemic. During the White House press briefing, the president reminded Americans just how much the United States paid to the WHO compared to China. “Last year, it was $452 million, and China paid $42 million,” Trump said while…

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Australian startup SafetyCulture nabs $800 million valuation on $35.5 million round
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Australian startup SafetyCulture nabs $800 million valuation on $35.5 million round

SafetyCulture, the Australian enterprise software company that manages security and compliance checks at companies around the world, has raised $35.5 million at an $800 million valuation in its latest round of funding. Nearly half of the new money was meant to provide liquidity to employee shareholders who had been with the company over three years,…

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Tyto Care raises $50 million as it looks to buy and build new services during COVID-19 demand surge
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Tyto Care raises $50 million as it looks to buy and build new services during COVID-19 demand surge

Tyto Care, the provider of a home health diagnostic device and telemedicine consultation app, said it has raised $50 million in a new round of funding. The round was led by Insight Partners, Olive Tree Ventures, and Qualcomm Ventures, according to a statement, and brings the startup’s total capital raised to more than $105 million.…

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At Least One Million Jobs Lost in Europe over the Past Two Weeks
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At Least One Million Jobs Lost in Europe over the Past Two Weeks

The European Union has lost at least one million jobs since leaders across the bloc locked down their countries in response to the coronavirus pandemic. The European Trade Union Confederation (ETUC) has revealed that in the past two weeks alone, at least one million people have lost their jobs. In reality, that number is likely…

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