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The US’s third big coronavirus outbreak showed no sign of abating on Friday, with hard-hit states like Wisconsin, Minnesota and Indiana reporting record one-day increases that pushed the nation’s overall tally above 8m. Although the new spate of cases has been concentrated in the Midwest and other northern states that are beginning to move into

Specialization, along with the complementary concept of the division of labor, occurs when the innate inequalities of human productive output are intensified along different skills. An individual becomes economically specialized when he focuses his productive efforts on an increasingly narrow range of tasks. The most obvious economic impact of specialization can be seen in the

US retail sales grew in September at their fastest pace in three months even as concerns linger over the economic recovery amid uncertainty about additional stimulus measures. Retail sales rose by 1.9 per cent last month, driven by strong spending on vehicles, clothing and sporting goods, the commerce department said on Friday. In August sales

It is not only television drama that loves the gory history of the Tudor dynasty. Opera has been drawn to the Tudors for several centuries longer, and Rossini, Pacini, Saint-Saëns and Britten, among others, have left a generous Tudor-inspired legacy. Top of the list come three operas by Donizetti. Though neglected for the best part

As a land of sunny ocean beaches and warm highland rainforests, cosmopolitan cities and quaint mountain towns, Panama is a popular destination for retirees and others seeking a comfortable lifestyle in a tropical paradise. The cities of Santa Fe and Boquete are beautiful highland destinations, while Coronado is the perfect home base for beach lovers.

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs reported its third-quarter earnings before the opening bell Wednesday. Here’s how the company did: Earnings: $9.68 per share, vs. $5.57 expected by Refinitiv’s consensus estimates. Revenue: $10.78 billion, vs. $9.46 billion expected

Foxconn has launched a technology platform aimed at helping electric vehicle makers cut costs and launch new models more quickly, as the Taiwanese group pursues a central position in a fast-growing market. The world’s biggest contract electronics manufacturer aims to become “the Android of EVs”, William Wei, chief technology officer, said at an event on

© Getty Images A couple of months ago we asked if Qanon, the online conspiracy that claims Trump is saving the world from corrupt pedophiles, is actually a LARP (i.e. a live-action role-playing game). The whole structure of the conspiracy, especially its puzzle-solving elements, seemed to us to emulate the constructs of a purposefully planned

For decades, much of Latin America was a morass of hyperinflation and political instability – hardly the most prudent region of the world in which to conduct business. While Western Europe, the United States, Canada, Japan, South Korea, Australia, New Zealand, and other developed realms continued to benefit from mutual trade, the Spanish- and Portuguese-speaking

CNBC’s Jim Cramer on Thursday advised investors against selling U.S. equities in response to spiking coronavirus cases across European nations. “If you follow what they’re doing and you sell our stocks because of what’s happening right now in France, that’s going to prove to be something that you might regret,” Cramer said on “Squawk on

Several of the most fiercely contested states in the US presidential election showed sharp increases in coronavirus cases on Thursday, pushing the number of infections nationwide to their highest levels since a summer outbreak. Wisconsin, Ohio and North Carolina — which Donald Trump won four years ago but where statewide polling shows Democratic challenger Joe

The Covid-19 treatment remdesivir has no substantial effect on a patient’s chances of survival, a clinical trial by the World Health Organization has found, delivering a significant blow to hopes of identifying existing medicines to treat the disease. Wisconsin reported a record jump in cases on Thursday as it battles to bring a surge in

The time may come when life insurance policy owners want to rid themselves of the policies they own. Maybe they simply no longer want to pay the premium, or they find themselves in a position where they need to access cash due to a major—and often unexpected—expense. Still, others just don’t believe they need the

James Gorman David A. Grogan | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.28 a share, less than 1% higher than a year earlier, according to Refinitiv. Revenue: $10.64 billion, 6% higher than a year earlierWealth management: $4.45 billion, according to

Morgan Stanley closed out Wall Street’s earnings season on a high, with booming markets driving a 25 per cent increase in third-quarter earnings and fuelling the bank’s calls to be allowed to resume share buybacks. The bank posted net income of $2.7bn for the quarter, far better than the $2bn predicted by analysts polled by

First, the good news. With a US presidential election under three weeks away, Facebook and Twitter are working overtime to try to stem the flow of misinformation. Both companies acted quickly on Wednesday against a New York Post article based on information of uncertain provenance that could be highly damaging to the Joe Biden campaign.

The roller coaster ride that is 2020 drew quite a few new investors into the markets. Was it FOMO (fear of missing out) or just wanting to get in on a good thing? Or was it boredom due to sheltering in place and the lack of sports? Any way you look at it, investors of

Bank of America shares fell in Wednesday’s premarket after the lender posted third-quarter results that missed on revenue. The bank said it generated $20.45 billion in total revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Profit in the quarter slumped 16% to $4.9 billion, or 51 cents a share, edging out the

Wisconsin reported its third-biggest one-day jump in new Covid-19 cases on Wednesday, just hours after a state judge temporarily blocked an order from the governor’s administration limiting the number of people in bars or attending indoor gatherings in an effort to curb the continued spread of coronavirus in the state. California’s daily coronavirus death toll

Britain’s next-generation fighter programme will support roughly 20,000 jobs and deliver £25.3bn in value to the UK economy by 2050, according to initial estimates that will form part of an outline business case to be handed to government later this year. BAE Systems on Thursday published initial findings from PwC on the potential economic contribution

High-yield bonds, also referred to as junk bonds, can be divided into two specific classifications: fallen angels and rising stars. Bonds that are described as fallen angels are simply those that at one time in the past were considered to be investment grade and are now categorized as “junk” bonds due to a reduction in the

Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic Space tourism venture Virgin Galactic on Wednesday said it remains on track to conduct its next test spaceflight in the coming weeks. “We expect our first spaceflight from Spaceport America to occur later this fall and we are pleased to confirm that we are

Afghanistan’s top peace negotiator says Washington has given the Taliban the upper hand in talks after Donald Trump pledged to withdraw all US troops by Christmas. Abdullah Abdullah, who is leading the Afghan government’s peace negotiations with the militants, told the Financial Times in an interview that there was still uncertainty over the drawdown of

Emmanuel Macron will impose a strict 9pm-6am curfew for Paris and eight other big French cities from Saturday in the latest move by a western leader to try to contain a “second wave” coronavirus outbreak that has spread across Europe and the US. The French president’s announcement on Wednesday evening came as Boris Johnson, the

Over the years, technicians have found two problems with the simple moving average. The first problem lies in the time frame of the moving average (MA). Most technical analysts believe that price action, the opening or closing stock price, is not enough on which to depend for properly predicting buy or sell signals of the

Billionaire investor Ron Baron, who says his stake in Tesla has made his firm 10 times its original investment, told CNBC on Wednesday that he expects similar growth from Elon Musk’s space company. “SpaceX I think has a chance to be just as large as Tesla,” Baron said on CNBC’s “Squawk Box.” Baron’s investment firm holds

Zoom is bringing apps and paid-for events to its video meetings service, in a bid to consolidate its grip on the huge new audience that flocked to its platform during the pandemic. The move marks the San Francisco-based company’s first attempt to turn the online meetings habit developed by hundreds of millions of people this

Talk about social distancing. Asos is working overtime to stay aloof from its online rag trade rivals. Fast fashion has long been bedevilled by accusations of waste and exploitation. Aim-quoted Boohoo is combating allegations of sweatshop practices among suppliers in Leicester. Aim-quoted Asos, which also sells cheap togs for twenty quid to twenty somethings via

In all of trading, perhaps the quickest way to make a lot of money is to latch onto a trend in a futures market and ride it. This approach has two catalysts. First, futures trading involves leverage, which means you only put up a small fraction of the value of the contract when entering a

Shares in China Evergrande sank 17 per cent after the latest effort by the world’s most indebted property developer to shore up its balance sheet fell flat. China’s largest developer said in a filing on Wednesday that it raised $555m from a share placement priced at a discount of 14.7 per cent to the stock’s