In a volatile trading session that saw the White House signal intentions to release the largest stimulus package since the great recession of 2008, American stocks made up for yesterday’s losses with major indices rising sharply. The return to gains was welcome after stocks posted huge losses to begin the week, tripping the market’s circuit […]

The Daily Crunch – Spoken Edition

Stocks gain as governments around the world pledge to prop up the global economy

At what is now a daily coronavirus press briefing at the White House, President Trump today said that Google CEO Sundar Pichai called him to apologize. What Pichai apologized for wasn’t immediately clear, but Trump then went on to praise Google’s communications team for supposedly substantiating Trump’s comments about Google’s coronavirus screening site. “I want […]

Trump says Google CEO Sundar Pichai called to apologize

Yesterday, San Francisco Mayor London Breed announced a lockdown for six Bay Area Counties: San Francisco, Santa Clara, San Mateo, Marin, Contra Costa and Alameda. The public health order marks a big step to help reduce movement, potential transmission of COVID-19, of the nearly 7 million people within the Bay Area. It is important to […]

Good news, Bay Area, you can still go on a hike (for now)

Tesla said Monday it has started delivering the Model Y crossover to customers in the U.S., hitting a milestone one year after unveiling the prototype and six months ahead of schedule. Reports of deliveries started last week. The tweet from Tesla, which included a video of the Model Y being assembled and then hitting the […]

Model Y deliveries begin: Here’s what is new in Tesla’s EV crossover

An engineer from Charter, one of the largest phone and internet providers in the U.S., sent an email blast to a senior vice president and hundreds of engineers on Friday. In the email, Nick Wheeler, a video operations engineer based in Denver, criticized his employer for not allowing its staff to work from home despite ongoing […]

Staff angered as Charter prohibits working from home as coronavirus spreads

After several weeks worth of leaks, the latest version of Apple/Beat’s Powerbeats arrive this week. One key thing many of the rumors got wrong is the name. There will be no Powerbeats 4 — not for now, at least. Instead, the company’s somewhat confusingly doing away with the number scheme in favor of the simpler […]

The latest Powerbeats bring Pro-style updates to a tethered design at $149

Brizzly, the name associated with a long-gone Twitter client, and later, a goofy project highlighting our addiction to social media, is coming back. And this time, it’s focused on serving the needs of Twitter power users in search of features Twitter itself has failed to build — like an Edit button and an auto-deletion option for tweets, among other things.

New Twitter client Brizzly+ lets you ‘edit’ and auto-delete your tweets

American-listed shares are off sharply this morning, falling after a steep selloff yesterday was not staunched by a presidential address. The declines echo what happened to Asian-listed stocks earlier today. All major American indices are now in bear-market territory, having shed the requisite 20% from recent highs. Today’s carnage is simply bleak. As we write to you, here’s where stocks are: Dow Jones Industrial Average (DJIA): -1,688.5, or -7.2% S&P 500: -191.2, or -7.

Stocks fall again, pushing deeper into bear territory as SaaS reaches 1 year lows

Have you ever seen a dead cat bounce? It’s a term that Wall Street traders coined to describe the moment when collapsing markets briefly rise before resuming a downward trajectory. It looks like investors new to the notion of an economic downturn may have seen their first such bounce yesterday. The glacial domestic response to the spreading novel coronavirus in the U.S.

Stocks change their mind again, falling sharply this morning in early trading

NASA’s ambitious plan to put boots on the Moon in 2024 is looking increasingly costly — and increasingly unlikely — if the current cost overruns and delays are any indication, according to a report by the agency’s Office of the Inspector General. “NASA’s continued struggle with managing SLS Program costs and schedule has the potential to impact the Agency’s ambitious goals for the Artemis program,” reads the report issued yesterday.

NASA’s SLS Moon rocket is 2 years behind and billions over budget, internal report finds

The European Parliament is instructing managers to prepare for all but a minority of staff to work remotely for 70% of the week as of next Monday — dialling up its response to Covid-19, the disease caused by the SARS-CoV-2 virus. Full-time remote working may follow, it has also said.

European Parliament moves to majority teleworking in response to COVID-19

It appears that the teaser from President Donald Trump’s press conference last night about the steps that the U.S. government might take to soften the economic blow of a more severe response from the COVID-19 outbreak in the U.S. has had the desired effect. At least it looks that way, given how the stock market opened regular trading hours.

Markets look a bit better today, because hope springs eternal

A small consolation in the growing COVID-19 crisis is that some of our moderate germophobia has begun to feel like a minor super power. As I got settled for a cross-country flight last week, I took out my hand wipes and did a whole number on the screen, tray table and arm rests, and this time no one looked at me funny. I go to a lot of conferences and trade shows and have to shake a lot of hands (though I’ve taken to the elbow bash in recent weeks) before handling my phone.

Wait, you all haven’t been wiping down your smartphones this whole time?

Welcome to the bloodbath. This morning trading was halted on the major stock exchanges after the S&P 500 fell to 7% triggering what are one of the so-called circuit breakers to stop an absolute market rout. Within seconds of opening stocks fell sharply lower, with the Dow Jones Industrial Average down 872.42(or 3.37%) to 24,9992.36, the S&P 500 slipping 193.41 (6.51%) to 2,778.96, and the Nasdaq off 90.16 or 6.96% at 1,205.58 to start the day. By the time the S&P fell to 7%, trading was halted.

US markets halt trading after global equities retreat, oil collapses, bond yields fall, and cryptos drop

John Oliver slammed Disney-owned Hotstar on Sunday for censoring his show, “Last Week Tonight With John Oliver” in India, saying the local streaming service has edited at least three episodes in recent months. A recent episode of “Last Week Tonight”, in which Oliver criticised the Indian government’s recent policies and its leader, Narendra Modi, never aired on Hotstar.[The same episode is available unedited on YouTube in India.

John Oliver slams Disney’s Hotstar for censoring his show

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