Global Economy

JPMorgan becomes first major bank to say first-quarter GDP will decline because of Covid surge

Volunteers from women’s organization Nuevo Amanecer Mujer Integral help with the distribution of frozen turkeys and food boxes ahead of Thanksgiving to families affected by the Covid-19 pandemic on November 18, 2020 in Los Angeles, California. Frederic J. Brown | AFP | Getty Images JPMorgan economists now see an economic contraction in the first quarter […]

Investment

5 things to know before the stock market opens Friday

Here’s the most important news, trends and analysis that investors need to start their trading day: Investors assess vaccine news against Covid-19 case spikes Pfizer and BioNTech to request emergency authorization Conflicting developments around remdesivir CDC tells Americans to stay home for Thanksgiving Trump campaign won’t give up challenges to Biden’s victory 1. Investors assess […]

Small Business

Several injured in airstrikes on Tigray capital, humanitarian source says

Ethiopian federal forces have been at war with the regional government of Tigray, which borders Eritrea and Sudan, since the beginning of November, when Ethiopian Prime Minister Abiy Ahmed announced a military offensive including air strikes. The conflict followed tension over Tigray’s unilateral decision to elect a regional administration against Abiy’s wishes. “Our operation aims […]

Investment

John Malone says platforms like Apple, Amazon and Roku will dominate streaming

Liberty Media Chairman John Malone told CNBC that Amazon, Apple or Roku could dominate in the crowded streaming space given their ability to scale globally. “I think these global platforms will be enormously powerful,” Malone said in an interview that aired Thursday with CNBC’s David Faber. Most products they create will be selling wholesale through these transport systems, […]

Technology

Flipkart eyes Lee, Wrangler brand rights

(This story originally appeared in on Nov 19, 2020) After buying a significant minority stake in Arvind Youth Brands, which owns the Flying Machine denim brand, Walmart-backed Flipkart Group is now in talks with American clothing company Kontoor Brands for the brand rights of Lee and Wrangler in India, sources said. If the deal goes […]