Wall Street falls in choppy trading as tech sell-off resumes

(Reuters) – U.S. stocks turned lower in volatile trading on Friday as worries about rising coronavirus cases and a patchy economic recovery dampened risk sentiment, with technology-related stocks reversing early gains to extend their declines to a third day.FILE PHOTO: Health care workers walk with protective face masks on past the New York Stock Exchange, amid the coronavirus disease (COVID-19) […]

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Exclusive: Playboy explores deal to return to the stock market

(Reuters) – Playboy magazine owner Playboy Enterprises is exploring options that include going public through a merger with a blank-check acquisition company, according to people familiar with the matter.FILE PHOTO: Playboy bunnies pose during the opening ceremony of the Playboy Cancun casino December 4, 2010. REUTERS/Henry RomeroA deal with a blank-check firm – referred to on Wall Street as a […]

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TikTok, WeChat Banned Sunday Under Trump Order

If you haven’t tried TikTok or WeChat yet, do it before Sunday. President Trump, through the U.S. Department of Commerce, said both apps will be banned from being downloaded in America starting Sept. 20, less than two months after Trump first said he’d decided to ban the apps with soaring popularity and interest to the fashion space, over vague concerns […]

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Democrats lift U.S. consumer sentiment; current account deficit widens 52.9%

WASHINGTON (Reuters) – U.S. consumer sentiment increased in early September, with Democrats more upbeat about the economy’s outlook compared to Republicans ahead of the Nov. 3 presidential election.FILE PHOTO: Hundreds of shipping containers are seen stacked at a pier at the Port of New York and New Jersey in Elizabeth, New Jersey, U.S., March 30, 2020. REUTERS/Mike SegarThe survey from […]

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Nasdaq futures bounce as tech selloff eases

FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE) , U.S., March 20, 2020. REUTERS/Lucas Jackson(Reuters) – Futures tracking the Nasdaq 100 index rose on Friday as a two-day selloff in technology-related stocks halted, while worries about rising coronavirus cases and a patchy economic recovery weighed on S&P 500 and Dow futures. Wall Street’s three […]

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Nasdaq futures bounce as tech selloff eases

FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE) , U.S., March 20, 2020. REUTERS/Lucas Jackson(Reuters) – Futures tracking the Nasdaq 100 index rose on Friday as a two-day selloff in technology-related stocks halted, while worries about rising coronavirus cases and a patchy economic recovery weighed on S&P 500 and Dow futures. Wall Street’s three […]

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Lockdown again: ‘It can’t get any worse’

A delicious smell of homemade pies wafts through the Thomas Egerton pub in Bolton. A strange sensation given the pub is resoundingly closed, the tables stacked with chairs. Brand new takeaway boxes piled onto a central table explain why. Publican Josh Lee is trying to make the best of a bad situation. After just two months of “heaven”, being open […]

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Warehouse rents in Asia-Pacific hold steady on e-commerce demand: Knight Frank

SINGAPORE (THE BUSINESS TIMES) – The first half of 2020 largely turned out to be a “resilient” period for warehouse markets in the Asia-Pacific, and expectations are for this sector’s rents in Singapore to remain stable till the rest of the year, according to research by property consultancy Knight Frank. Prime warehouse rents in Singapore generally held steady in the first half […]

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M&S to cut 7,000 jobs over next three months

Marks & Spencer is cutting 7,000 jobs over the next three months across its stores and management. It said the coronavirus pandemic had made it clear there had been a “material shift in trade”. In-store sales of clothing and home goods were “well below” 2019, although online and home deliveries were strong. M&S said it hoped a “significant proportion” of […]

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Thomas Cook’s Chinese owner sees sunny horizons

Thomas Cook’s owner Fosun has ambitious expansion plans for the brands it owns once the global economy recovers. The Chinese travel firm, which also owns Club Med, expects the battered industry to pick up strongly once a vaccine has been found. It relaunched Thomas Cook in China in July which it describes as a success with more than 170,000 customers. […]

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