Early Black Friday and Cyber Monday encourage 'self-gifting' amid pandemic
Amid the challenge of the pandemic, many Americans have turned to self-gifting, which gave a big boost to retailers who launched their Black Friday and Cyber Monday deals before Thanksgiving this year.
"People have spent all year round for themselves and their homes in the sporting goods catego...
Rising U.S. weekly jobless claims, COVID-19 cases point to slowing economic recovery
By Lucia Mutikani
WASHINGTON (Reuters) - The number of Americans first filing for unemployment benefits continued to surge last week, suggesting an explosion of new COVID-19 infections and business restrictions favored layoffs and undermined the labor market recovery.
Still, the economy got off t...
German court refers Nokia-Daimler connected car clash to European Court
By Matthias Inverardi and Douglas Busvine
DUESSELDORF / BERLIN (Reuters) - On Thursday, a German court referred a patent license dispute between the Finnish telecommunications supplier Nokia and the German car maker Daimler to the European Court of Justice to clarify the law applicable to supply ...
A $364 Trillion Game of Brexit Chicken Gets Ugly
(Bloomberg Opinion) - Politicians in the European Union are concerned about how little time is left to finalize a Brexit trade deal. French Foreign Minister Jean-Yves Le Drian publicly lamented the British footprint this week. Now frustration has hit the once boring world of financial regulation,...
Surging freight rates propel Thai rice prices to 2-month peak
From Anjishnu Mondal
(Reuters) - Thailand rice export prices rose this week to their highest level in over two months on rising container freight rates, while an appreciation of the rupee and an improvement in demand boosted the prices of staple foods in India.
The 5% broken parboiled variety fro...
Salesforce acquisition of Slack could trigger M&A wave, analyst says
Salesforce.com Inc.'s acquisition of Slack Technologies Inc. would be a huge challenge for Microsoft Corp., an analyst said Wednesday after a report of a possible deal at the plants that could spark a wave of software acquisitions. "This deal would be a great success for Microsoft as the company'...
Apple is making strategic moves to head off antitrust fights
Wednesday November 25, 2020
This article was first published in Yahoo Finance Tech, a weekly newsletter highlighting our original industry content. Get it straight to your inbox every Wednesday at 4:00 p.m. ET. Subscribe to
However, this may not be enough for the iPhone manufacturer
Scroll to con...
Debt Monetization in Asia Given Nod by IMF in Policy Shift
(Bloomberg) - The International Monetary Fund's recognition in October of the case for a temporary monetization of debt in Asia was another example of how the pandemic has shaken economic orthodoxy.
It is a U-turn for the IMF in a region where its austerity demands are sometimes blamed for worsen...
Stocks Look Ready To Test New Highs Amid Vaccine Optimism And Stimulus Hopes
S&P 500 close to all-time high
The S&P 500 pulled back a little yesterday, but still closed near the all-time high despite the alarming US economic data.
The latest report on initial jobless claims found that 778,000 Americans applied for unemployment benefits in one week, up from 748,000 the pre...
China’s Fintech Giants Scramble to Rethink IPOs, Raise Cash
(Bloomberg) - Jack Ma's vision of the future of finance in China is being turned on its head by regulators, along with the ambitions of the conglomerates who followed his example.
Ma's Ant Group Co. is in talks with regulators about injecting capital into its microcredit units just weeks after an...
Dow Jones Sinks Below 30,000; IBM to Cut Jobs; Salesforce Could Buy Slack
IBM is reportedly planning to cut 10,000 jobs in Europe, and Salesforce is reportedly planning to acquire Slack.
Salesforce in talks to acquire workplace app Slack - sources
By Greg Roumeliotis and Krystal Hu
NEW YORK (Reuters) - Cloud-based software company Salesforce.com Inc is in talks to acquire the workplace messaging app Slack Technologies Inc to expand its offering to businesses.
Salesforce's offer comes because Slack is struggling to take full advantage of th...
Exclusive: Alibaba, Tencent put talks to buy iQIYI stake on hold due to price, regulatory concerns - sources
By Julie Zhu, Yingzhi Yang, Zhang Yan and Yilei Sun.
HONG KONG / BEIJING (Reuters) - Alibaba Group Holding Ltd and Tencent Holdings Ltd have each had separate discussions with Baidu Inc to acquire a controlling stake in the video streaming service iQIYI Inc, knowledgeable people told Reuters.
How...
Tesla's upcoming S&P 500 debut fuels 'crazy' trading volume
By Noel Randewich
(Reuters) - If you've been trading a stock in the past week, there's a good chance it was Tesla.
Shares in the electric car maker, led by CEO Elon Musk, rose nearly 3% on Wednesday and have risen 40% since November 16, when it was announced that Tesla will join the S&P 500 in De...
State Street Says Focus on Cyclical Stocks, Not Just Value
Nov. 27 - Rebecca Chesworth, senior equity strategist at State Street, shares her view that it makes more sense to focus on companies that will benefit from a cyclical rebound, such as: B. Industrials rather than relying on just a rotation in value stocks. She speaks about "Bloomberg Markets: Eur...
Is Salesforce (CRM) Eyeing an Acquisition Deal With Slack?
Salesforce CRM is in advanced talks to acquire the team collaboration tools and software maker Slack Technologies WORK, the Wall Street Journal (WSJ) reported Wednesday, citing people familiar with the matter. The report said the two companies could reach an agreement as soon as next week, most l...
WRAPUP 2-World agonises over new COVID curbs as infections approach 60 million
(Writes through)
* The United States is the world leader in deaths and infections from COVID
* France plans to relax the curbs over Christmas
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Going Green Could Crush Canada’s Oil Industry
When Prime Minister Trudeau unveils his "net zero" plan for 2050, it is clear that Canada is still very dependent on its oil industry.
Under the new law, Canada will have to meet several targets in order to achieve its net zero emissions target by 2050, one of the goals of the internationally sig...
Global stocks bull run to race on, spurred by cheap cash, vaccine hopes - Reuters poll
By Jonathan Cable and Rahul Karunakar
LONDON / BENGALURU (Reuters) - The rapid rally in global stock markets is expected to continue for at least six months, albeit at a slower pace, in hopes that cheaper cash and a COVID-19 vaccine can cure economies and corporate profits rebound found a Reuters...
Biden’s daunting challenge on jobs
Like most new presidents, Joe Biden pledged to do more for the struggling workers and families who are falling behind. And like most presidents, he will likely have little to show after 4 years of trying.
New research from the Massachusetts Institute of Technology documents damaging trends over t...
S Korea agency says N Korea executed people, shut Pyongyang
SEOUL, South Korea (AP) - North Korean leader Kim Jong Un has executed at least two people, banned sea fishing and locked down the capital Pyongyang to protect itself from the coronavirus and its economic damage, the South Korean spy agency said lawmakers Friday.
Kim's administration also ordered...
Have job, but no hours: Some employed Canadians not working at all
By Julie Gordon
OTTAWA (Reuters) - Canadian service employees are even worse off than previously thought during the pandemic. Hundreds of thousands of them still have jobs that don't actually schedule hours, and a bleak holiday season could make the pain worse.
Canada has so far reclaimed nearly ...
Redfield: CDC will have shortened quarantine guidelines in a week
The U.S. Centers for Disease Control and Prevention (CDC) is analyzing data that shortens the quarantine time required when someone is potentially exposed to the coronavirus and, according to director Dr. Robert Redfield could get a new referral in a week.
In an interview with Yahoo Finance on We...
AstraZeneca says it will likely do another study of COVID-19 vaccine after accidental lower dose shows higher efficacy
The CEO of AstraZeneca told Bloomberg that the pharmaceutical company is likely to conduct another global study on the effectiveness of its COVID-19 vaccine study after it became known that the more effective dosage in the existing Phase 3 clinical study was actually administered by mistake. Astr...
Gold prices snap 2-session skid on Thanksgiving eve, but head for weekly loss
Gold futures on Wednesday posted meager gains as the precious metal tries to rebound from a series of sharp declines, partly triggered by advances in vaccines and treatments for the economy-disrupting coronavirus.
Turkey Has No Cure for a Gold Craze That Leaves Lira Vulnerable
(Bloomberg) - A year of crisis for the lira has led the Turks to buy gold at a record pace. Now there is a risk that the appetite for more gold bars will weigh on the currency as a rally struggles to regain momentum.
In the two weeks after President Recep Tayyip Erdogan vacated the leadership pos...
Gift Guide: 7 smart home gift ideas that go beyond the usual Google/Amazon smart speakers
Welcome to the TechCrunch 2020 Holiday Gift Guide! Do you need help with gift ideas? We are here to help! We'll be bringing out gift guides from now through December. You can find our other guides here.
Building a smart home has never been easier. Via the same Google / Amazon / Apple / etc. voice...
Should You Buy the Dip in These 3 China-Based EV Stocks?
The rapid rally in China-based electric vehicle (EV) stocks was temporarily halted yesterday as stocks like XPeng Inc., XPEV, Li Auto Inc. LI and BYD Company Limited BYD rose 9.2%, 7.4% and 3.6% respectively. went back. The shares slid into the EV sector on news of a government investigation. The...
Nikola, Tesla Shares Fall as EV Rally Frenzy Comes to a Halt
(Bloomberg) - The rapid rally in electric vehicle stocks, which helped some companies double the market value of some companies in a week, stalled on Wednesday.
The buying frenzy at these companies, many of which piqued investor interest earlier this year, accelerated after S&P Dow Jones Indices ...
General Motors Nears All-Time High
General Motors Co. (GM) rebounded within five cents on Tuesday from the 2017 all-time high of 46.76, at the end of a spectacular uptrend from the all-time low in March 2020 at 14.32. The increase represents a 325% increase amid a pandemic that threatens to boost the global economy. Mary Barra, CE...