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NEW DELHI (AP) — India has registered 78,761 new coronavirus cases, the biggest single-day spike in the world since the pandemic began, just as the government began easing restrictions to help the battered economy. The Health Ministry on Sunday also reported 948 deaths in the past 24 hours, taking total fatalities to 63,498. India has now reported more than 75,000 infections for four straight days. Sunday’s surge has raised the country’s total virus tally to over 3.5 million and comes at a time when India is reopening its subway networks and allowing sports and religious events in a limited manner from next month as part of efforts to revive the economy. 670
NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000
NEW YORK – Two infants were found dead in the Bronx on Monday, according to New York City police.The baby boys, each believed to be less than a month old, were found behind a building on College Avenue, near and East 172nd Street in the Claremont section of the borough, around 2:40 p.m. ET, police said.One infant may have been stabbed and one may have been thrown from a roof, according to police. They were taken to an area hospital, where police said they were pronounced dead.The bodies of the two boys were then transferred to the medical examiner's office.No arrests had been made as of Tuesday morning.The investigation began with a 911 call, though police would not say who made it.Officials said their investigation is in its earliest stages and asked the public for help.Submit tips to police by calling Crime Stoppers at 1-800-577-TIPS (8477), visiting www.nypdcrimestoppers.com, or texting 274637 (CRIMES) then entering TIP577. Spanish-speaking callers are asked to dial 1-888-57-PISTA (74782).This story was originally published by Lauren Cook, Yan Kaner and Greg Mocker at WPIX. 1101
NORTHRIDGE (CNS) - Officials at Cal State Northridge confirmed Sunday that the school was targeted in an attempted cyber-attack.School officials said a hacker tried placing ransomware on third-party software used by the university, and ended up grabbing some customer data, ABC7 reported.CSUN officials told the station that the unnamed third-party company paid the hacker to delete the stolen data, but can't confirm the data was released.Students were alerted to track their accounts and credit records. 513
NEW YORK CITY — New York City Deputy Sheriffs shut down an event with more than 200 people at a Queens banquet hall early Saturday.Authorities were called to an event at the Queens Luxe Banquet Hall at Rockaway Boulevard in Ozone Park around 1:30 a.m. on Saturday morning.There were about 215 people inside the venue in violation of the state's and city's COVID-19 emergency orders.The hall was also operating without a liquor license, according to authorities.The owner and an employee of the venue were issued summonses for violation of emergency orders, unlicensed sale of alcohol and unlicensed warehousing of alcohol. Two other staffers were issued summonses for violation of emergency orders.New York City currently allows indoor entertainment locations to operate at a 25% capacity if they do not fall under one of the city's restriction zones. All visitors must wear masks.This story was originally published by Kristine Garcia on WPIX in New York. The Associated Press contributed to this report. 1013