AFP via Getty Images Here’s a weird twist to American exceptionalism: American stocks, as measured by the S&P 500 benchmark, hold up against their European rivals, despite US coronavirus cases rising again and threatening economic recovery, while European countries seem to have the outbreak largely under control. Coronavirus update: Global …
Read More »Home prices could drop in major cities as Americans suffer from urban life, says Nobel Prize-winning economist Robert Shiller
Housing prices in major cities across the country could fall as a result of the pandemic. Drew Angerer / Getty Images The coronavirus pandemic has many Americans heading to the hills, or the suburbs, so to speak. And city home prices could decline as a result, says Nobel Prize-winning economist …
Read More »Big Tech’s latest reckoning is coming as it continues to rack up record valuations
Tech’s top four CEOs should be nervous as they approach a virtual hearing on July 27 before the House of Representatives’ Antitrust Subcommittee on the Judiciary. Apple Inc.’s AAPL Tim Cook, Amazon.com Inc. AMZN Jeff Bezos, Facebook Inc.’s full board Mark Zuckerberg and Alphabet Inc.’s GOOGL GOOG Sundar Pichai can …
Read More »Coronavirus shrinks deals globally: what to expect next
The “art” of doing business has become quite a difficult sale this year. Rainmakers in the global M&A business saw the count of completed deals drop to $ 1.11 trillion in the first six months of the year, about half the volume seen during the same period in 2019, for …
Read More »Online food prices rise as food companies struggle to meet demand
Online food prices have risen 4.2% in the past six months according to the latest data from Adobe Inc. as grocery e-commerce accelerated amid the COVID-19 pandemic and producers of Foods struggled to keep up with continued high demand. “We have always thought that the online market is a ‘value …
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