Friday, 18 Sep 2020

Business

Herman Miller soars 34% as it rejoins dividend club

(Reuters) – You may need to sit down for this.FILE PHOTO: A sample of a redesigned office space following the outbreak of coronavirus disease (COVID-19) is seen in an artist rendering released to Reuters on August 14, 2020 by Michigan furniture manufacturer Herman Miller Inc. Subdivision/Handout via REUTERS Shares of Herman Miller MLHR.O soared 34% […]

Tech sell-off hits Wall Street as jobless claims remain high

(Reuters) – Wall Street’s main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technology-related stocks resumed their slide with Apple Inc AAPL.O and Amazon.com Inc AMZN.O among the biggest drags on the Nasdaq.Slideshow ( 2 images )Nine out of the 11 major S&P 500 sector indexes were lower, with […]

Tech sell-off hits Wall Street as jobless claims remain high

(Reuters) – Wall Street’s main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technology-related stocks resumed their slide with Apple Inc AAPL.O and Amazon.com Inc AMZN.O among the biggest drags on the Nasdaq.Slideshow ( 2 images )Nine out of the 11 major S&P 500 sector indexes were lower, with […]

Bugatti is set to be sold by VW – and it isn’t hard to see why

It is one of the world’s most famous luxury brands and maker of the world’s fastest production car – and it could soon have a new owner. Bugatti is set to be sold by its current parent, Volkswagen, to the Croatian entrepreneur Mate Rimac, according to the German magazine Manager. A sale would mark the […]

‘Nearly two-thirds’ of adults commuting again

Nearly two in three adults are now travelling to work, as some employers ask their staff to return to offices during the pandemic. The Office for National Statistics (ONS) said that 62% of adults reported commuting to work last week. That compares with 36% in late May, soon after the ONS began compiling the figures […]

Former Trump DNI Dan Coats: "Every conceivable effort" must be made to protect election

Photo: Chip Somodevilla/Getty Images Dan Coats, who served as President Trump's director of national intelligence, wrote in a New York Times op-ed published Thursday that "every conceivable effort" must be taken to safeguard November's election from claims of illegitimacy. Why it matters: President Trump has repeatedly baselessly suggested that increased mail-in voting could lead to […]

Rising virus rates threaten economy, says Bank

The Bank of England has warned that the recent rise in coronavirus cases could threaten the UK economy’s recovery. It also said the UK’s future trading relationship with the EU posed a risk, as it held interest rates at 0.1% – a historic low. It said the economy had recovered much of the output lost […]

DealBook: Nobody Knows What’s Happening With TikTok

Good morning. (Was this email forwarded to you? Sign up here.) ‘Can you believe that?’ Oracle and TikTok’s parent company, ByteDance, may have thought they had struck a deal that appeases both the Trump administration and Beijing. But eyebrow-raising comments by President Trump at a news conference yesterday suggest that it’s too early to tell, […]

Next says pandemic ‘expensive and miserable’

Staff working from home for fashion retailer Next have suffered “death by deck” during online presentations and missed out on office camaraderie, the company said. Next said overall the impact of the pandemic on business had been “expensive and miserable”. But it had also seen some advantages from the upheaval, it said. Next said it […]

This Isn’t Just JPMorgan’s Problem

Want this delivered to your inbox each day? Sign up here. Some workers are already going back home JPMorgan Chase sent some of its workers home this week after an employee in its trading unit in Midtown Manhattan tested positive for the coronavirus, a person familiar with the matter told DealBook. The timing isn’t great. […]