Global Economy

U.S. is staring down a ‘substantial third wave’ of coronavirus cases. Here are the numbers

A patient arrives at the Emergency entrance to Maimonides Medical Center, as the spread of the coronavirus disease (COVID-19) continues, in the Borough Park neighborhood of Brooklyn, New York, U.S., October 14, 2020. Brendan McDermid | Reuters Colder temperatures are arriving in the Northern Hemisphere, and an insidious rise in new coronavirus cases in the […]

Small Business

Why millions of freelancers fear a Biden presidency may put them out of work

U.S. Democratic presidential candidate Joe Biden delivers remarks during a voter mobilization event, at Miramar Regional Park in Miramar, Florida, October 13, 2020. Tom Brenner | Reuters With the presidential election coming, Carolyn Bothwell, a freelance copywriter from Charlestown, Massachusetts, has been hearing from concerned members of the freelancer community she started, Freelance Founders, about […]

Investment

Morgan Stanley tops analysts’ revenue estimates by $1 billion on stronger-than-expected trading

Morgan Stanley beat analysts’ estimates for third-quarter revenue and profit, fueled by better-than-expected results from the firm’s Wall Street trading operations. The bank said Thursday in a release that profit jumped 25% from a year earlier to $ 2.72 billion, or $ 1.66 per share, exceeding the $ 1.28 estimate of analysts surveyed by Refinitiv. […]

Markets

Prestige group agrees to sell certain office, retail assets & 2 hotels to Blackstone for Rs 12K crore

NEW DELHI: Realty firm Prestige Estates Projects Ltd on Saturday said it has agreed to sell certain office, retail and hotel properties to global investment firm Blackstone — in a big ticket real estate deal estimated at around Rs 12,000 crore. Prestige group did not disclose the deal size, but sources said that the Bengaluru-based […]