Wealth

WASHINGTON, March 11, 2020 /PRNewswire/ — Orbit Communications Systems Ltd. (TASE: ORBI), a leading global provider of satellite-tracking maritime, airborne and ground-station solutions, announced today at the Satellite 2020 Conference in Washington, DC, a new US$2.7 million contract with a major Asian Navy for a combination of OceanTRx 4 and OceanTRx 7 maritime satcom terminals, and associated … Read more

Josh Edelson/AFP via Getty Images Few companies have halted hiring amid the coronavirus outbreak — but recruiting experts say that might change. Though the US added more than 270,000 jobs in February, staffing firms lost about 20% in value over the last month, according to Staffing Industry Analysts. Experts say there might be a “delayed … Read more

ST. PETERSBURG, Fla., March 10, 2020 /PRNewswire/ — Neptune Flood Incorporated, the first all-digital, online flood insurance company, today launched a live “Visualizer” of its patent-pending Triton technology, illustrating the AI engine at work processing every insurance quote throughout the country in real-time. Triton is a reactive artificial intelligence machine that has the early stages … Read more

Associated Press Oil prices slumped the most since 1991 after Saudi Arabia’s weekend price cuts sparked a race to the bottom between OPEC, Russia, and the US.  Brent crude futures sank as much as 31% to $31.02 per barrel Monday morning, while West Texas Intermediate contracts tumbled as much as 34% to $27.34 per barrel. … Read more

ROSH HAA‘YIN, Israel, March 9, 2020 /PRNewswire/ — An Israeli-based food-tech developer of cannabis-based edibles targeting a variety of different, new and revolutionary types of cannabis infused food, beverages, spices and more, is excited to announce the opening of the second crowdfunding round in Israel by Pipelbiz platform.   Cannibble’s first successful crowdfunding round ended … Read more

David Becker/Getty Images Activist investor Elliott Management has reached a deal with Twitter that will leave co-founder and Square CEO Jack Dorsey in place as CEO, the company announced on Monday. The social media giant on Monday announced that Silver Lake will be investing $1 billion in the company. Egon Durban, co-CEO and managing partner … Read more

AP Images The economic shock from coronavirus will hit the US just as Americans are deciding who to vote for in November 2020. It’s not a question of “if.” It’s a question of “how hard?”  This will be a complicated problem to fix too. It’s both a supply and a demand shock, and it will … Read more

Associated Press Trump was asked at a Fox News town hall how he would protect pre-existing conditions since his administration supports a lawsuit that would do away with Obamacare, which guarantees those protections. At a recent town hall organized by Fox News, anchor Martha MacCallum asked Trump how he would protect pre-existing insurance protections for … Read more

Storyteller Overland Alabama-based Storyteller Overland has unveiled the Beast Mode, a camper van built on a 144-inch Mercedes-Benz Sprinter 2500 chassis. The Beast MODE can stay off-road and off the grid for up to six or seven days. The converted camper van, which can sit and sleep up to four people, has two convertible beds, … Read more

NETANYA, Israel, March 8, 2020 /PRNewswire/ — Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the “Company”), announced today that it will be releasing its financial results for the fourth quarter and full year of 2019 on Monday, March 23, 2020. The Company will be hosting a conference call at 10:00am Eastern Time (7:00am Pacific … Read more

Lewis Krauskopf/Reuters John Hussman — the outspoken investor and former professor who’s long predicted a stock collapse — sees investors making a classic error that tends to coincide with peaks in speculation. He says the latest short-term rallies in the market are due to compression and oversold conditions. And he warns investors not to conflate … Read more

AP The Costa Fortuna cruise ship was barred from docking in Phuket, Thailand, and then Penang, Malaysia. Costa, the cruise company, says there are no suspected cases on of the coronavirus on board. Thailand blocked the cruise anyway for fear that Italians on board could be incubating the virus. Malaysia has an even blunter policy, … Read more