Warren Buffett-backed Chinese car maker announces strong demand for its new luxury electric sedan
Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Demand for luxury electric sedans is on the rise in China. In...
Most small businesses say they’re ready for a coronavirus spike, survey shows
People wearing facemasks wait to buy vegetables at a market vegetable stall as essential retailers reopen from the coronavirus (Covid-19) shutdown. SOPA Images | LightRocket | Getty Images Smaller-sized businesses have been battered during the six months of the coronavirus...
Euro Loses Shine as Second Wave Grips Europe; Can The Rally Be Restored?
It wasn’t so long ago when everything was looking up for the Eurozone economy and the single currency couldn’t put a step wrong. After being ravaged in the spring by soaring deaths from COVID-19 and an economically bruising lockdown, Europe...
New York bankruptcies reportedly surge 40% during pandemic
People wearing protective masks walk by a going out of business sign displayed outside Century 21 on the Upper West Side as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September...
Cramer blasts DC for failing to pass more stimulus: ‘They hated each other and they blew it’
CNBC’s Jim Cramer on Tuesday took aim at the federal government’s failure to pass another coronavirus stimulus relief bill to aid ailing small businesses. “They blew it. They can talk all they want, they blew it,” said Cramer, an owner in...
USDCAD Edges Marginally Up as Progress Remains Capped
USDCAD has been nicely hovering above the 1.3350 support level but is capped by the 20-day simple moving average (SMA). From a technical perspective, the short-term bias is viewed as positive, reflected by the improvement in the RSI and the stochastic....
EUR/USD Gains Continue after Dismal Week
EUR/USD has recorded gains for a second straight day. In Tuesday’s North American session, EUR/USD is trading at 1.1703, up 0.34% on the day. The pair is looking to recover from a decline of 1.7% last week, marking its worst...
Dollar Drops Further ahead of Trump-Biden Debate
Dollar drops broadly today, partly due to month-end flows, and partly as position adjustment ahead of the first one-on-one Presidential debate between Donald Trump and Joe Biden. Nevertheless, Yen and Canadian Dollar are slightly weaker. On the other hand, Aussie...
Home prices rose 4.8% in July, according to Case-Shiller index
People wait to visit a house for sale in Garden City, Nassau County, New York, the United States, on Sept. 6, 2020. Xinhua News Agency | Getty Images Strong demand from homebuyers in July, coupled with rock-bottom mortgage interest rates,...
XAU/USD Analysis: Trades At 1,880.00
Yesterday, the XAU/USD exchange rate raised to the 1,885.00 level. From the one hand, it is likely that some upside potential could prevail in the market. In this case the exchange rate could face the resistance formed by the 200-hour...
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