(Bloomberg) – The quarterly turnover of Baidu Inc. shrinking 1% and their projections suggest that sales may slip again, as rivals like ByteDance Ltd. continue spitting at their core advertising business. China’s leading search engine predicts sales of 26.3 billion yuan ($ 3.8 billion) to 28.7 billion yuan for the …
Read More »Monthly Archives: August 2020
Tankers send Iranian fuel cargo to US for seizure
LONDON / MEXICO CITY (Reuters) – Tankers carrying Iranian fuel cargo, covered by a U.S. seizure warning, are sailing to the United States after talks between U.S. authorities and shipowners, a U.S. government source and a shipping source said on Thursday. Iran had planned to transport gasoline to Venezuela, a …
Read More »Treasury revenues come off highs after unemployment data beats estimate
U.S. government debt prices climbed higher Friday after falling on the backs of stronger weekly data Thursday. The yield on the benchmark 10-year Treasury note was lower at about 0.7012% in early trading, while the yield on the 30-year Treasury bond dropped to about 1.4135%. Bond yields fall as their …
Read More »Could a ‘zero-COVID’ approach end with the worst outbreak of coronavirus?
LONDON – The United Kingdom has been abused by the coronavirus. The government’s response has been heavily criticized, the human and economic costs have been enormous and a “second wave” could be difficult. Of the 20 countries most affected by COVID-19, the UK has the highest death toll per capita …
Read More »Manhattan rents 10% after coronavirus exodus
National Association of Home Builders CEO Jerry Howard is responding to New York City leasing as coronavirus concerns housing demand reform. The rental homes of Manhattan apartments collapsed last month by most in nearly nine years. According to a report Thursday from appraiser Miller Samuel Inc. and Douglas Elliman Real …
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