A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images It’s not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into the housing market much faster than expected. Mortgage applications […]
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Dow futures surge again as Wall Street looks set to extend Tuesday’s reopening rally
U.S. stock futures pointed to more gains at Wednesday’s open as optimism about the reopening of the economy and a potential coronavirus vaccine offset concerns about rising U.S.-China tensions. Recent hopes for a return to normal consumer habits have pushed the Dow Jones Industrial Average and S&P 500 to touch […]
YouTube automatically deleted comments that criticized China’s Communist Party
Carsten Rehder/picture alliance via Getty Images YouTube has admitted that it automatically deleted comments that criticized China’s ruling Communist Party (CCP). The video platform — owned by Google‘s parent company, Alphabet — said the automatic removal of certain comments was down to “an error” with its automated enforcement systems. The […]
Spain is deploying a basic income to citizens to ease the coronavirus impact
Customers sit at tables socially distanced from each other at the outdoor terrace of a bar, operating at reduced capacity in Plaza Mayor in Madrid, Spain. NurPhoto Some Spaniards are about to receive additional financial help as the government pushes through the first nationwide basic income, but there are doubts […]
Barings sees opportunities in the Chinese yuan and the country’s 10-year bond
A Chinese clerk counts renminbi yuan banknotes at a bank in China on December 2015. Jie Zhao | Corbis News | Getty Images The Chinese yuan has weakened considerably in recent days, as U.S.-China tensions reignite and investors weigh the uncertainty over Beijing’s proposed a new national security law for Hong Kong. […]
Five ways the pandemic may change airports for the better
Flying this summer is predicted to be more tedious than in the past, but experts say the pandemic is pushing positive change at airports at breakneck speed. What’s on the horizon? Imagine shorter lines, cruising through checkpoints and not touching anything — except for your mobile phone — from your […]
La dolce vita? Italians embrace their freedom but crowded beaches and nightlife worry officials
The Italian national aerobatic team, the Frecce Tricolore, flies over the Piazza Duomo of Milan on May 25, 2020 in Milan, Italy. Restaurants, bars, cafes, hairdressers and other shops have reopened, subject to social distancing measures, after more than two months of a nationwide lockdown meant to curb the spread […]
Tesla to cut car prices in North America and China
An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images Tesla said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of […]
Dow futures rise nearly 200 points as Wall Street looks set to continue Tuesday rally
U.S. stock futures recovered from an earlier dip in overnight trading and pointed to continued gains at the open on Wednesday. Optimism about the reopening of the economy and a possible coronavirus vaccine continued, despite concerns about U.S.-China tensions. Recent hopes for a return to normal consumer habits has pushed […]
Walmart strikes deal with secondhand apparel site to ramp up online fashion sales
Walmart is getting into the fashion resale market with ThredUp, an e-commerce company that buys and sells secondhand clothes, shoes and accessories. Starting Wednesday, customers can browse thousands of pre-owned items for women and children on the big-box retailer’s website. They can get free shipping from Walmart, so long as […]