Investors doubt whether developed-market government bonds can continue providing both protection and diversification after a turbulent year, according to Bloomberg. Fears are imminent as investors face lower-for-longer rates despite growth…
1% of China’s top earners hold a greater share of wealth than the bottom 50% revealing huge wealth gaps, according to Bloomberg. Analysts believe that the pandemic has worsened the…
President Donald Trump on Wednesday vetoed a colossal defense bill that authorizes a topline of $740 billion in spending and outlines Pentagon policy, according to CNBC. Trump said the Act…
Investors rank potential complications with the mass vaccination efforts as the top concern for global financial markets next year. Capital market point to the likelihood of the virus mutating, possible…
Google is set for a joint venture with Saudi Arabia’s oil giant Saudi Aramco to open a “cloud region” , CNBC reports. The collaboration taps into the rapidly expanding cloud…
U.S. sales of new single-family houses in November came at an adjusted annual rate of 841,000, according to the Census Bureau press release. The sales were down 11% from October…
Pfizer and BioNTech agreed on Wednesday with the U.S. government to supply additional 100 million doses of COVID-19 vaccine, according to the company’s press release. The agreement brings the total…
Business newspaper Handelsblatt reported that German luxury carmaker Daimler prepares to list its trucks division, according to Reuters. The unit will be floated at the end of 2021. Daimler’s trucks…
The U.S. Department of Justice on Tuesday sued Walmart Inc. on allegations that the retailer’s shortcomings led to a rise in the opioid crisis. The Justice Department claimed Walmart’s short-staffed…
France agreed to lift suspension of movements into and out of U.K. following closures on a new strain of COVID-19 virus, according to Bloomberg. Still, European Union citizens and residents…
BioNTech CEO said he does not know at the moment if the current vaccine can protect against the new COVID-19 strain in the U.K. but is optimistic that it does.…
U.S. Senate on Monday passed a giant year-end spending bill worth more than $2.4 trillion, the second-largest economic relief measure in history, according to Bloomberg. The spending bill combines $900…