Hollywood actor Johnny Depp lost a libel case on Monday against British tabloid newspaper The Sun which published an article that called him a “wife beater.” Depp had sued the paper over the story in 2018, in which it was claimed that he had been violent toward his ex-wife, actress Amber Heard. The article questioned […] Read more
U.S. stock futures tumbled early Friday after some of the technology heavyweights came under pressure following their quarterly reports. Futures on the Dow Jones Industrial Average pointed to an opening drop of about 300 points. S&P 500 futures and Nasdaq 100 also traded in negative territory. Earlier in the session, Dow futures were down more […] Read more
There’s further economic pain ahead for European countries as France and Germany announce new nationwide lockdowns and other governments consider doing the same. The latest measures to address the second wave of Covid-19 infections in Europe could lead to higher unemployment, the permanent closure of many businesses and even more national debt. “Scarring will occur […] Read more
Homebuyer demand had mortgage lenders incredibly busy over the summer, but that may have peaked. Mortgage applications to purchase a home, which had fallen for four straight weeks, were essentially flat last week, rising just 0.2%, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinances helped to push total mortgage application volume up 1.7% […] Read more
Sterling jumped more than 0.8% against the U.S. dollar on Wednesday after the EU signaled that a trade deal with the U.K. is still possible. “Despite the difficulties we’ve faced, an agreement is within reach if both sides are willing to work constructively, if both sides are willing to compromise and if we are able to make progress […] Read more
The number of reported coronavirus cases around the world has hit 40 million, according to a tally kept by Johns Hopkins University. The grim milestone of 40,050,902 confirmed cases on Monday comes as various parts of Europe and the U.S. struggle to deal with an alarming surge in infections. The dreaded “second wave” began in August […] Read more
China — Foxconn, the Taiwan company that assembles Apple’s iPhone, has launched an platform to help automobile companies make electric cars. The technology giant is best known for being a major assembler of consumer electronics products such as smartphones. But the latest announcement pushes Foxconn into a market which could be worth over $800 billion by 2027, […] Read more
Residents and businesses in the city of Liverpool — known for its tourism, night life and music scene as the birthplace of The Beatles — were put into a strict lockdown Wednesday, with a backlash already underway against the government’s new rules. The city region is now the only part of the country that is […] Read more
The 2020 Nobel Prize in Economic Sciences has been awarded to Paul R. Milgrom and Robert B. Wilson for work on commercial auctions. The American economists were commended for their “improvements to auction theory and invention of new auction formats,” the Nobel Committee said. Milgrom, 72, is the Shirley and Leonard Ely professor of humanities […] Read more
The United Nations World Food Program has won the 2020 Nobel Peace Prize for its efforts to combat hunger. The world’s largest humanitarian organization was awarded the prize Friday for its “contribution to bettering conditions for peace in conflict-affected areas and for acting as a driving force in efforts to prevent the use of hunger […] Read more
