On the early morning of July 29, 2020, a person eats a fasting meal on a chair placed outside a rest outside Runt in Hong Kong’s Kowloon-side Sham Shui Po district, as new social distance measures have been implemented, allowing only rest restaurants rent. To combat a new wave of …
Read More »Deal It It estimates that 2020 holiday retail sales will increase by 1 to 1.5%
The growth rate for retail sales this holiday season is forecast to be less strong than in recent years, according to forecasts released on Tuesday by consulting firm Deloitte. But, how growth is being muted will depend on how much high-income consumers split, and how much belt-tightening happens in low-income …
Read More »Sony has reportedly cut estimates for the PlayStation 5 build
This photo illustration shows the PlayStation 5 logo on a smartphone. Rafael Henrik | Sopa Images | Lightrocket | Getty Images SINGAPORE – Japan’s Sony shares fell after reports that the company was cutting estimated production for its PlayStation 5 gaming console. The stock traded about 1.8% lower on Tuesday …
Read More »Ticket OK hopes Trump withdraws statements approving Oracle deal
Bytendance Ltd.’s ticket ok website is displayed on the smartphone in an arranged photograph. Andrew Herrer | Bloomberg | Getty Images Of the many questions surrounding the fate of the ticket ok, the biggest would be if the Trump administration, in the U.S., both financially and operationally, would approve a …
Read More »No time to worry about the federal deficit
Treasury Secretary Steven Munuchi on Monday told CNBC. Lawmakers should not let the fear of a nation’s loss or the size of the Federal Reserve’s balance sheet delay additional Covid-19 relief, he said. Munuchin, who has led the administration’s Covid-19 relief talks with White House Chief of Staff Mark Meadows, …
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