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People move into a house for sale in Floral Park, Nassau County, New York on 6, 2020. Wang Ying | Xinhua News Agency | Getty Images Kovid-induced demand from homebuyers in the summer led to an exceptionally strong rise in home prices. According to the S&P CoreLogic Case-Schiller US National Home Price NSA Index, the value rose 7% year-over-year in …
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Tech investor Tim Draper says digital health care will be ‘almost free’
People wait in a queue to get a 15-minute fast Kovid-19 test on November 24, 2020 in Madison, Wisconsin. Andy Manis | Getty Image News | Getty Images According to venture capitalist Tim Draper, the use of technology is going to make health care “virtually free worldwide”. “Health care is going completely digital,” he told CNBC’s Dan Murphy during a …
Read More »Fee on money transfers for US, doesn’t apply to India: Google Pay
Google on Wednesday clarified that users in India will not have to pay any fees for transferring funds to its payment platform, and the charges are for users in the US. Last week, Google announced that it was rolling out a redesigned Google Pay app with Google on Android and iOS next year, and that users would no longer be …
Read More »How the writers of ‘Industry’ turned failure in finance into a TV show
Producer of the BBC-HBO TV show “Industry,” Mickey Downs and Konrad. Courtesy of mikki down After they were terrific as bankers, Konrad Kay and Mickey Down aired their failures in the hit TV show “Industry”, which sees five college graduates navigate the cut-off finance sector. Like the show’s five central characters, who join fictional investment bank Pierpoint & Co in …
Read More »GE warns of more job cuts at aviation business amid sluggish recovery
A General Electric GE9X engine is featured on a Boeing 777X airplane as it is the taxi for the first flight, which was rescheduled due to weather, on January 24, 2020 at Pine Field in Everett, Washington. Jason Redmond | AFP | Getty Images General Electric on Tuesday warned of more job cuts at its aviation unit, citing a protracted …
Read More »Another record low mortgage rate just caused mortgage demand to jump
In this Tuesday, July 17, 2012 photo, a single-family home is offered for sale in the Hollywood area of Los Angeles. The average rate on fixed mortgages has fallen again this week, giving buyers greater incentive to enter the recording housing market. Mortgage buyer Freddie Mac said on Thursday, July 19, 2012, that the average rate on a 30-year loan …
Read More »The market is looking for clues from the Fed on whether it will adjust bond buying
US Treasury Secretary Steven Menuchin and Federal Reserve Chairman Jerome Powell have been seated to testify before the House Financial Services Committee under the supervision of the Treasury Department and the Federal Reserve’s Coronovirus Disease (COVID-19), Washington in the US Epidemic response on September 22 in Capitol Hill. , 2020. Joshua Roberts | Reuters The Federal Reserve may provide clues …
Read More »Weekly jobless claims higher than expected, labor market takes hit from rising Covid cases
The pace of first-time filing for jobless claims increased last week, raising the possibility of a coronovirus outbreak in the jobs market. The total number of claims was 778,000 which ended on 21 November. 733,000 ahead of expectation from economists polled by Dow Jones and up from 742,000 last week. Continued claims for profit collectors for at least two weeks …
Read More »Tesla recalls 9,500 Model X and Model Y cars over roof, bolt issues
Elon Musk, President and Chief Executive Officer of Tesla Motors David Paul Morris | Bloomberg Getty Images Tesla is recalling more than 9,500 of its Model X and Model Y electric vehicles over potentially defective roof trim and bolts that may have been insufficiently tightened. The company’s stock declined nearly 1% on Wednesday. According to the National Highway Traffic Safety …
Read More »SpaceX plans for Starship test flight next week, which Elon Musk gives 1-in-3 odds of landing intact
The SpaceX prototype rocket stands on the company’s launchpad in Boca Chica, Texas, before the starship SN8 engine test. @LabPadre SpaceX aims to launch its latest starship rocket prototype “early next week”, CEO Elon Musk said on Tuesday, in what would be the rocket’s most ambitious flight test to date. Musk confirmed that the starship prototype serial number 8, or …
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