Uncertainty may be pervasive, but it’s not your friend.
Rolling coverage of the latest economic and financial news, as Apple and Tesla lead stock markets into the red
- Latest: Stocks are falling in US and Europe
- Nasdaq on track for worst day since June, after hitting record highs
- US jobless claims fall, but still very high
- Full story: Costa coffee cuts UK jobs
- Amazon to hire 10,000 staff
- Paris unveils economic stimulus plan
Today’s market slide will not be well received in the White House.
Last night, president Trump tweeted excitedly that the Dow Jones had hit 29,000 points for the first time since February:
The Dow Jones Industrial just closed above 29,000! You are so lucky to have me as your PresidentWith Joe Hiden’ it would crash
There was another reason for the stonking stock market rally since April — the massive money-printing programme launched by the US central bank, as it cut … Read the rest
Hint: Targeting emotions is key.
Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about the economic cost of Covid-19
- Latest: BoE says return to work must be gradual
- Bank of England policymakers face MPs
- Risk of scarring from pandemic
- Fewer jobs created in US than expected
- Introduction: UK house prices at fresh peak
- Prices up 3.7% year-on-year in August
Here’s a video clip of BoE official Alex Brazier explaining why MPs can’t expect a ‘sudden and sharp’ return of office workers to their desk, despite pressure from the government to dial back home working.
Will we see a sudden return to offices?
Alex Brazier from the Bank of England told us that we shouldn’t expect so, adding:
“We should expect a more phased return.”
Here’s a quick recap of the main points from … Read the rest
Othman Laraki started Color to bring technology to genomics. The pandemic has him expanding his focus.
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Economists say significant changes should be kept back until proper recovery takes hold
Tax increases will be needed across the board for Britain’s highest and lowest earners to bring down record levels of government debt amassed during the coronavirus crisis, leading economists have warned.
Sending a message to the chancellor, Rishi Sunak, as he explores possible options for raising taxes at the autumn budget, experts from four of the country’s leading economic thinktanks said any significant tax changes should not be introduced until a sustainable recovery has taken hold.
A few characteristics to build a sense of community in a socially distanced work place.
The video conferencing company’s stock soared roughly 23 percent, and its second quarter sales are up 355 percent from last year.