The Bank of Japan’s quarterly tankan business sentiment survey is set to be out around 7:50 a.m. HK/SIN on Thursday.
Markets in China, Hong Kong, South Korea and Taiwan are closed on Thursday for holidays.
SpaceX confirmed during the webcast of its latest launch on Monday that employees have been testing Starlink’s latency and download speeds, key measures for an internet service provider.
“They show super low latency and download speeds greater than 100 [megabits] per second. That means our latency is low enough to play the fastest online video games and our download speeds are fast enough to stream multiple HD movies at once,” SpaceX engineer Kate Tice said.
Starlink is the company’s ambitious plan to build an interconnected network of about 12,000 small satellites in low Earth orbit.
The nation’s richest Big Tech executives lost a collective $25 billion of their net worth after Thursday’s market sell-off.
Tech companies took a beating Thursday, as S&P 500 tech sector closed down 5.8%.
During a press briefing on Thursday, Hans Kluge, regional director for Europe at the WHO said that, so far, school settings had not been a “main contributor” to the pandemic.
“There’s also more and more publications that adds to the body of evidence that children do play a role in the transmission but that this is, so far, more linked with social gatherings,” Kluge said.
Stocks rose in volatile trading on Thursday after the Federal Reserve unveiled a new framework that could keep interest rates lower for a longer period of time.
The Dow Jones Industrial Average was up 256 points, or 0.9%. Thursday’s gains pushed the Dow into positive territory for the year. The S&P 500 gained 0.4% and briefly topped 3,500 for the first time. The Nasdaq Composite was flat.
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Mortgage applications to purchase a home rose just 0.4% last week from the previous week but were a remarkable 33% higher than a year ago, according to the Mortgage Bankers Association.
Pent-up demand from the disastrous spring market and the new stay-at-home mindset combined to send more consumers rushing to either buy homes for the first time or upgrade what they already have.
Low mortgage rates are only adding fuel to the fire.
Train stations can often provide engineers and architects with the opportunity to develop innovative buildings.
The facility in the U.K. will utilize solar power, harvest rainwater and harness natural ventilation and daylight.
Morrison said a coronavirus vaccine would not be compulsory.
Earlier that day, he suggested there would be exemptions on “medical grounds but that should be it.”
The prime minister said he was aiming to get about 95% of the country vaccinated.
Apple hit a market cap of $2 trillion, doubling in valuation in just over two years.
It’s the first publicly traded U.S. company to reach a $2 trillion market cap.
Apple was also the first publicly traded U.S. company to reach a $1 trillion market cap.
Data breaches have grown in intensity and frequency in recent months as cybercriminals take advantage of coronavirus confusion.
Large-scale data breaches increased 273% in the first quarter, compared to the same time last year, according to a new study from cloud computing company Iomart.
Among the most common types of attacks are ransomware, destructive attacks and island hopping.
Lebanon’s government stepped down Monday in the wake of last week’s deadly explosion at Beirut’s port that killed at least 171 people and injured more that 6,000.
But street demonstrations across the capital continue, as residents demand the dismantling of Lebanon’s entire political elite.
Protesters targeting government buildings are met with police force, and more than 700 have been injured.
Even with the economic downturn caused by the coronavirus pandemic, millennials are still the most optimistic of any age group about the investment returns they expect in the coming years, a survey has found.
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GDP (gross domestic product) expanded by 8.7% in June as government lockdown measures eased, having shown a meek 1.8% recovery in May following April’s 20.4% contraction.
The 20.4% second-quarter plunge follows a 2.2% contraction in the first quarter.
Analysts had expected a fall of 20.5% according to a Reuters poll.
A 2001 Ferrari, expected to sell for more than $4 million, could become the most expensive car ever sold in an online auction this week.
The sale by RM Sotheby’s is part of a series of online auctions being held this month, and so far prices and sales suggest that demand for classic cars — especially vintage Ferraris — has held up well throughout the pandemic.
Total auction sales of collectible cars for the year-to-date have reached $711 million, down only 8% from last year.
Prices declined more than 5% to $1,927.39 per ounce – the worst single-day rout in seven years and a far cry from Friday’s record intraday high of $2,089.20. By Wednesday morning, spot gold prices had fallen even further.
Analysts pegged that tumble to rising U.S. real yields on optimism surrounding the virus, among other factors. The dollar has also been strengthening.
However, the Commonwealth Bank of Australia’s Vivek Dhar says do not write off gold just yet.
The Bank of England is not expected to change its base lending rate or deploy further fiscal stimulus on Thursday.
However, its “assumptions for growth and inflation (H2 2020 & FY 2021) are likely to be tweaked,” one expert said.
The German lender expects a net loss for the full year as it sets aside 469 million euros for bad loans due to both the coronavirus pandemic and the insolvency of payments giant Wirecard.
Chairman Stefan Schmittman and CEO Martin Zielke announced their sudden resignations early last month amid pressure from shareholders to reduce costs.
Commerzbank shares advanced on Wednesday as the fall in profit was not as drastic as the market had expected.
Familiar fault lines continue to separate the White House and congressional Democrats on the next coronavirus stimulus package a day after an extended meeting between House Speaker Nancy Pelosi and administration officials including Treasury Secretary Steve Mnuchin and chief of staff Mark Meadows.
Pelosi and Mnuchin both took to the airwaves on Sunday morning to lay out their competing visions for the rescue bill, ahead of a Monday meeting between the officials.
The key sticking point separating Democrats and Republicans continues to be the federal boost to unemployment assistance, which was set at $600 a week in March but recently lapsed.
Tharsus, a U.K.-based robotics group, developed wearables for workers to wear around their necks to help them distance from colleagues.
Vodafone is deploying heat detection cameras made by surveillance tech firm Digital Barriers to screen people for potential Covid-19 infection.
Tech executives also expect digital communication and collaboration platforms to remain relevant as businesses start to reopen.
A surge in rental property evictions could have a domino effect on the broader housing market and economy, Tendayi Kapfidze, chief economist at LendingTree, told CNBC.
“This really could be catastrophic, and it extends beyond just the rental industry” and could “affect the single-family housing market and the economy as a whole,” he said on “The Exchange.”
Kapfidze called for the federal government to take action to halt evictions during the coronavirus pandemic and extend special unemployment benefits to prevent a further breakdown in the economy.