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July 6, 2020
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Economy

CNBC Business

Under-the-radar trend suggests market’s hot streak is just beginning

CNBC
CNBC – For more and to sign up click here A summer rally may be underway. Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500. “This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder......
CNBC Business

Watch live: Q&A with Dr. Fauci and NIH Director Dr. Collins on coronavirus pandemic

CNBC
CNBC – For more and to sign up click here [The stream is slated to start at 2:30 p.m. ET. Please refresh the page if you do not see a player above at that time.]...
CNBC Business

Raphael Bostic, the Fed’s first Black branch president, says racism has economic impacts

CNBC
CNBC – For more and to sign up click here President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters The Federal Reserve has a role to play......
CNBC Business

Texas GOP Rep. Brady argues against new virus closures, even as cases surge to record highs

CNBC
CNBC – For more and to sign up click here Rep. Kevin Brady told CNBC on Monday that “smart behaviors,” such as wearing masks and social distancing, are the best ways to combat rising infections in his home state and 38 others, not closing the economy again. “The deadliest per-capita......
In the News

This New Airplane Seat Design Will Allow Economy Class Passengers To Lie Down

IA
How many times have you felt your back hurt after a long plane ride? Or have you ever planned to have a nice quality nap while flying but couldn’t fall asleep because those plane seats are so damn uncomfortable? I know I have. Many times. Luckily, there’s a US-based startup......
CNBC Business

Goldman lowers economic outlook as U.S. copes with rising coronavirus cases

CNBC
CNBC – For more and to sign up click here Medical workers prepare to intubate a coronavirus disease (COVID-19) patient at the United Memorial Medical Center’s coronavirus disease (COVID-19) intensive care unit in Houston, Texas, U.S., June 29, 2020. Callaghan O’Hare | Reuters Rising coronavirus cases will limit growth in......
CNBC Business

Citi sees markets in a ‘stalemate’ over the next 12 months as bulls and bears collide

CNBC
CNBC – For more and to sign up click here Traders wearing masks on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Global equities will be roughly unchanged from their current position this time next year as bullish and bearish forces cancel each other out, according......
CNBC Business

Fraud at China’s Luckin is a ‘great morality tale’ for investors, says analyst

CNBC
CNBC – For more and to sign up click here Charles Zhengyao Lu, chairman and founder of Luckin Coffee, and Jenny Qian Zhiya, chief executive officer of Luckin Coffee, ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq in New York, on May 17, 2019.......
New York Post

Side dish becomes side app: gig economy providing needed income for chefs

NYPost
There’s a gig economy for everything these days, including gourmet cooking. Plenty of new apps are cropping up to help chefs earn extra income during the coronavirus pandemic by cooking or teaching about cooking — and they’re attracting some big name talent. On Monday, Franklin Becker, co-founder of restaurant chain......
BBC - Business

Virus crisis expected to ‘level down’ UK economy

BBC
https://www.bbc.co.uk/news/business-53301082 Image copyright Getty Images The coronavirus crisis could “level down” the UK economy with London and the South East expected to bounce back more quickly than Hull and Bradford. Industries such as finance and construction will be worst hit by the pandemic, a report from the Social Market Foundation......
New York Post

Labor Secretary Eugene Scalia confident US businesses can reopen amid coronavirus

NYPost
Labor Secretary Eugene Scalia said despite the rise of coronavirus cases in some states businesses can begin to reopen if safety precautions are followed. “We have new cases, we have to keep an eye on that, [but] I believe we can continue to reopen our workplaces safely,” Scalia said on......
CNBC - Real Estate

Here are five charts tracking the U.S. economy amid the coronavirus pandemic

CNBC Real Estate
Brendan McDermid | Reuters Direction requests Requests for transit directions on Apple Maps are still nowhere near pre-pandemic levels, according to data from the navigation app. However, driving and walking direction requests have surged from their low points during the early stages of the outbreak. Travelers may be more inclined......
CNBC Business

Supreme Court ruling in Louisiana case sets back abortion foes’ hopes of overturning Roe v. Wade

CNBC
CNBC – For more and to sign up click here The Supreme Court’s 5-4 decision to strike down a restrictive Louisiana law is far from the final battle by abortion opponents in their fight to overturn Roe v. Wade.  Sponsored by an anti-abortion Democrat, Louisiana Act 620 was passed in......
CNBC Business

Air travel in six months: What it will look like

CNBC
CNBC – For more and to sign up click here Summer vacations used to mean wine tasting in Tuscany, backpacking in Southeast Asia or trips to the Grand Canyon. But fears that airplanes could be a breeding ground for Covid-19 infections have wreaked havoc on the air travel industry. “This......
CNBC Business

Why coronavirus contact-tracing apps aren’t yet the ‘game changer’ authorities hoped they’d be

CNBC
CNBC – For more and to sign up click here Germany’s coronavirus contact-tracing app, Corona-Warn, is displayed on an iPhone in Berlin on Tuesday, June 16, 2020. Krisztian Bocsi | Bloomberg via Getty Images Coronavirus contact-tracing apps were meant to play a significant role in how some countries dealt with......
CNBC Business

Fitch has downgraded a record number of sovereign ratings due to the coronavirus. It’s not done yet

CNBC
CNBC – For more and to sign up click here Fitch Ratings has downgraded a record 33 sovereign ratings in the first half of this year — and the agency is not done yet as the coronavirus pandemic pummels government finances. James McCormack, Fitch’s global head of sovereign ratings, said......
CNBC Business

Think tank explains why it’s ‘pointless’ to delist Chinese companies from U.S. stock markets

CNBC
CNBC – For more and to sign up click here U.S. and China flags along Pennsylvania Avenue in Washington, D.C. on Jan. 17, 2011. Andrew Harrer | Bloomberg | Getty Images Delisting Chinese companies from U.S. stock exchanges is “a pointless drive” that will neither deny those firms access to......
CNBC Business

How Hong Kong beat coronavirus and avoided lockdown

CNBC
CNBC – For more and to sign up click here When Apple closed its retail stores around the globe amid the coronavirus pandemic, a handful of outlets were exempt, including its six locations in Hong Kong. In fact, much of Hong Kong has felt relatively normal this year compared with......
CNBC Business

Ex-Obama advisor says mailing every American a mask would be an ‘incredibly’ efficient stimulus

CNBC
CNBC – For more and to sign up click here Former Obama economic advisor Jason Furman told CNBC on Thursday that the U.S. government should consider mailing everyone a face covering to help slow the spread of the coronavirus.  “A fiscal stimulus plan that would have incredibly high bang for the......

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