The experimental drug that Donald Trump said cured him of coronavirus was tested using cells originally derived from an aborted foetus — a practice his administration has tried to restrict. The cocktail of antibodies made by the US company Regeneron was tested on cells from the HEK293T cell line, which was developed from stem cells
Investing
Bonds are often considered to be plain and boring when compared to equities. This may be the case, but bonds can provide a level of stability that equities, due to their volatility, generally can’t match. This is especially true of bond funds, which can provide a safe and stable source of income as well as
A pedestrian wearing a protective mask carries a Converse Inc. shopping bag while waiting to cross a street in the Soho neighborhood of New York, on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images Americans are saving more than ever during the pandemic, and Morgan Stanley says it may be enough to
Donald Trump has said he will not take part in the second US presidential debate after the independent commission that sets debate rules announced it would be held remotely because of coronavirus concerns. “I’m not gonna waste my time on a virtual debate,” the US president said in an interview with Fox Business Network on
Futures contracts signalled US stock markets were heading back towards the record highs they reached this summer, as investors bet on a fresh government bailout for the world’s largest economy after the November presidential election. Contracts that wager on the future direction of the S&P 500 rose 0.6 per cent, while those on the technology-focused
For years, in the wake of the 2008 financial crisis, the Federal Reserve kept interest rates at record lows. Then, in 2015, it announced a policy to gradually raise the federal funds rate – the benchmark for the prime and other consumer interest rates – as the U.S. economy strengthened. And so it did. In
Mike Pence and Kamala Harris clashed over Donald Trump’s response to coronavirus pandemic during their vice-presidential debate on Wednesday night, with the Democratic challenger accusing the president of “the greatest failure” in the history of the office. In contrast with last week’s chaotic presidential debate, Mr Pence, the incumbent, and Ms Harris, a California senator,
SINGAPORE — With uncertainty looming over the upcoming U.S. elections in November, JPMorgan Asset Management’s Patrik Schowitz says investors should look past the “noise” and focus on the medium term instead. “On a six month view, you know, we think the cyclical view matters much, much more than … the exact noise and shenanigans around the
A week after the combustive stand-off between Donald Trump and Joe Biden, vice-presidential nominees Mike Pence and Kamala Harris took to the stage on Wednesday evening for a more sedate debate. Mr Pence attempted to change the narrative following Mr Trump’s widely-criticised debate performance last week and the president’s recent hospitalisation with coronavirus. Ms Harris
So you want to start a hedge fund. These alternative investments use pooled funds and a variety of strategies to achieve returns for investors. They are generally formed to identify and take advantage of specific investment opportunities, many of which come with a great deal of risk. But how do you go about setting yourself
CNBC’s Jim Cramer on Wednesday warned investors not to buy or sell stocks based on what President Donald Trump tweets. The “Mad Money” host cites Tuesday afternoon’s tweets from Trump ending broad stimulus talks, which sank stocks, and then Tuesday night’s tweets supporting a piecemeal approach, which boosted stocks. “This is what happens if you invest by
Google faced sceptical questioning from US Supreme Court justices on Wednesday over its claim that code it copied from rival Oracle is not protected by copyright, in a case that many experts have warned could have far-reaching effects on competition in the tech industry. However, the justices appeared to show more sympathy with Google’s argument
US stocks gained ground on Wednesday after President Donald Trump suggested a new stimulus bill, although the chances of lawmakers agreeing to a deal before the election appeared to fade. The S&P 500 index closed 1.7 per cent higher and the tech-focused Nasdaq Composite gained 1.9 per cent, as the indices recovered from falls on
Working capital assesses a company’s ability to pay its current liabilities with its current assets, giving us an indication of the subject’s short-term financial health, capacity to clear its debts within a year, and operational efficiency. Working capital represents the difference between a company’s current assets and current liabilities. The challenge here is determining the proper category for the
An artist’s depiction of Momentus’ Vigoride spacecraft deploying satellites. Momentus Stable Road Capital will take space transportation specialist Momentus public through a SPAC deal that values the company at $1.2 billion, the firm announced on Wednesday. The acquisition is expected to close early next year, with Momentus to be listed on the Nasdaq under the
A sprawling investigation into controversial digital marketing firm Cambridge Analytica and its associate company SCL has found no evidence that it misused data in an attempt to influence the 2016 Brexit referendum or help any Russian intervention in political processes. The three-year probe by the UK Information Commissioner’s Office has been described by the authority as
Poland’s competition watchdog has fined Russia’s state-controlled gas giant Gazprom 29bn zlotys (€6.5bn) for going ahead with the construction of the Nord Stream 2 pipeline without securing its approval. The pipeline will double Moscow’s capacity to ship gas directly from Russia to Germany but is fiercely opposed by Poland and other central European states that
Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of financial products and technology. Since 2009, when mobile apps became mainstream, robo-advisors have become an important part of the investing and financial technology ecosystem and are becoming widely used. But not all robo-advisors offer the same services or cater to the same types
This article is part of a series on the New Cold War Zhao Houlin is head of the UN’s telecoms agency, an independent international arbiter that sets some of the rules shaping the modern technology industry. But that does not stop him from letting his patriotism burst into the open. A former government official in
Alan Hernández Pastén in Mexico City Mexico’s Yucatan peninsula and Quintana Roo state, two of the main tourist magnets in the country, are on red alert awaiting the arrival of Hurricane Delta, as officials fear the storm could exacerbate the coronavirus pandemic. President Andrés Manuel López Obrador has ordered the deployment of the Mexican military.
They have never shopped without a smartphone. They have fundamentally different buying habits than their parents or grandparents. And when it comes to advice about getting The Next Big Thing, they rely more on peers than on ads (sorry, Mad Men). They are the Millennials – the generation born between 1981 and 1996, as crystallized by the
GE said on Tuesday it was facing possible action by the US Securities and Exchange Commission over its 2018 admission that its legacy insurance liabilities would be $15bn more than expected. Shares in the industrial conglomerate fell as much as 4.3 per cent to $6.12 on Tuesday afternoon after GE disclosed that the SEC had
US president Donald Trump has abruptly broken off talks with congressional Democrats on a new fiscal stimulus package until after next month’s presidential election. The move, announced by Mr Trump on Twitter on Tuesday, triggered an immediate sell-off in US equity markets as economists warned that the lack of government support could jeopardise America’s recovery
It’s easy to understand why people may confuse the terms APR and APY. Both are used to calculate interest for investment and credit products. And they significantly affect how much you earn or must pay when they’re applied to your account balances. But while APR and APY may sound the same, they are quite different and
Investors are facing a conundrum in the run-up to what is expected to be a uniquely turbulent US presidential election: how to insulate their portfolios from a stock market sell-off. Traditional safe assets have recently served investors poorly as an equity hedge, with government bonds barely moving and gold prices falling during September’s stock market
Joe Biden and Donald Trump speak during the first U.S. presidential debate on Sept. 29, 2020. Kevin Dietsch/UPI | Bloomberg | Getty Images Stock market analysts in Asia clearly do not agree on who will win the U.S. presidential election. But they’re pretty unified on how they plan to play it. CNBC asked 30 strategists
In the SPAC game, it’s important to ensure you’re not seen as just another chancer who’s going to lose your investors’ money. That’s why when you’re drawing up presentations for those investors on your mergers and acquisitions, you take time to properly demonstrate just how your target company is going to create some value. And
An emerging market bond exchange-traded fund (ETF) comprises fixed income debt issues from countries with developing economies. These include government bonds and corporate bonds in Asia, Latin America, Africa and elsewhere. Emerging market bonds typically offer higher returns than traditional bonds for two primary reasons: They tend to be riskier than bonds from more developed countries, and developing countries
Peter Wells in New York Texas reported its smallest increase in coronavirus deaths since mid-June on Monday, as its governor hinted at the possibility of further rollbacks to pandemic restrictions. A further eight deaths were attributed to coronavirus, authorities revealed this afternoon, down from 33 yesterday and compared with 11 on Monday a week ago.
South Korea’s Samsung has been criticised by investors and environmentalists after research suggested its insurance units financed $14bn of fossil fuel projects and investments over the past 10 years. Samsung Fire & Marine and Samsung Life have provided more than Won16tn ($13.8bn) in backing for the coal industry through project financing, bonds and insurance underwriting