President Donald Trump may have lost the presidential election but Trumpism is here to stay, according to Nobel-Prize winning economist Paul Krugman and historian Niall Ferguson. President-elect Joe Biden could be on course to secure 306 electoral votes, what Trump had described as a “landslide” victory four years ago. The results of the Nov. 3 […] Read more
U.S.-China trade tensions are set for more predictability after Joe Biden’s presidential win — which likely means calmer rhetoric in a continued tough stance on Beijing. Following years of brewing U.S. complaints about unfair business practices by China’s state-dominated system, President Donald Trump stepped up pressure on Beijing with policy measures that were often abruptly first floated through […] Read more
The coronavirus mutation discovered in Denmark’s mink could spark a new wave of the illness in the country, scientists warn. Authorities in Denmark — the world’s largest producer of mink furs — said five cases of the new virus strain had been recorded on mink farms and 12 cases in humans. The mutation showed a decreased sensitivity […] Read more
Republican pollster Frank Luntz told CNBC that President Donald Trump must win Arizona and Pennsylvania in order to defeat Democrat Joe Biden. That’s because Luntz said he believes Biden will hold on in Nevada, while Trump will eventually win Georgia and North Carolina. “Arizona is the place where the battle is going to happen, because […] Read more
Well, we still don’t know who the president-elect is. Is there a less-surprising outcome for 2020? Here are six takeaways from one of the strangest election nights in recent history: 1. This is going to go on a while This election is now coming down to the former Blue Wall states that President Trump toppled […] Read more
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
