UK Housing Prices Hit a Record £254,606 in March
Housing prices in the UK rose 1.1% in March, posting a new record high of 254,606 pounds, according to Halifax press release. House prices surged by 6.5% annually or 15,430…
Here are the Key Reasons the U.S is on Track for Faster Economic Rebound than Europe
The U.S is recovering faster from the economic shocks of coronavirus than countries in the European Union, according to CNBC. Fiscal stimulus in the U.S has been a critical driver…
China’s Market Regulator Ready to Clear Tencent’s $3.5 Billion Sogou Deal
China State Administration of Market Regulation is ready to clear tech giant Tencent Holdings Ltd.’s $3.5 billion deal to take search engine Sogou private, according to Reuters. Tencent must be…
Visa Faces Antitrust Scrutiny over Incentives to Banks
The U.S Justice Department is scrutinizing Visa Inc.’s deals with banks enticing them to process more online debit-card transactions over its network, reports Bloomberg. Potential repercussions of the investigations could…
Global Vaccinations Lopsided as Wealthiest Nations Get Vaccinated 25 Times Faster
27 countries with the highest incomes and representing 11% of the global population claim 40% of the world’s Covid-19 vaccinations, according to Bloomberg. Economies making up the least wealthy have…
P&G Helped Develop a Tracking Technique that Sidesteps Apple’s Privacy Rules in China
Procter & Gamble Co. worked with the China Advertising Association to develop a technique to gather iPhone data for targeted ads, according to the Wall Street Journal. The technique, now…
Chip Shortages Prompts GM to Halt Production at Several North American Facilities
General Motors Co. will halt production at several North American factories and extend shutdowns at others, according to the Wall Street Journal. The decision reflects worsening chip shortage for U.S…
Construction Output in United Kingdom Rises the Sharpest in 6 Years
U.K Construction Total Activity Index hit 61.7 in March, up from 53.3 in February, according to IHS Markit press release. The index signaled the strongest rate of construction output growth…
U.S Consumer Borrowing Rose 7.9% in February
U.S. consumer credit rose 7.9% on an annualized basis in February, according to the Federal Reserve press release. Total credit jumped $27.6 billion from January, the largest gain since November…
Jobless Claims Rises above Estimates to Reach 744,000
U.S jobless claims totaled 744,000 for the week ending April 3, a 16,000 jump from the previous level, according to the Department of Labor press release. The claims were higher…
Cathie Wood’s ARK Invest Acquires More than 1 Million Palantir Stock
One ARK Innovation ETF bought 1,045,600 shares of Palantir Technologies Inc. on Wednesday, according to Wallst.com. The purchase would have been valued at roughly $23.9 million as of Wednesday’s closing…
U.K Regulators Set Age Limit of 30 Years for AstraZeneca Vaccine Use
The U.K’s vaccines advisory body has ruled that AstraZeneca’s Covid-19 vaccine should preferably not be given to people under 30 years, according to the Wall Street Journal. The advisory follows…
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