[ad_1] Consumer spending in the United States fell more than expected in February as a cold snap gripped many parts of the country and the boost of a second round of stimulus checks for households in middle and low income has faded, although the decline is likely temporary. Consumer spending, which accounts for more than … Read more
[ad_1] Take a look at some of the biggest players in the pre-market: BowX Acquisition (BOWX) – The special purpose acquisition company will IPO office-sharing company WeWork in a deal worth $ 9 billion, including debt. Starwood Capital, Fidelity Management and others are involved in the transaction as so-called “PIPE” investors. BowX grew 3.6% in … Read more
[ad_1] WeWork has agreed to merge with a special purpose acquisition company, people familiar with the matter say, in a deal that would go public with the shared office provider almost two years after its high-profile failure to launch an introduction. on the traditional stock exchange. The planned merger with BowX Acquisition Corp. PSPC would … Read more
[ad_1] Why might you soon be paying more for a used car? Blame the computer chip shortages.USA TODAY Ford slows down F-150 truck plant through Sunday due to global chip shortageReuters Dearborn Truck Plant Down Again Due to Global Semiconductor ShortageDetroit News Ford temporarily stops more production due to chip shortageCNBC Television Chip shortages force … Read more
[ad_1] The government stopped distributing the treatment on Tuesday. Last week, the United States Food and Drug Administration updated its guidelines to say that therapy alone might not work as well against variants. Acting FDA Commissioner Janet Woodcock said the US has stopped shipping bamlanivimab to Arizona, California and Nevada due to the variants, and … Read more
[ad_1] Employees perform checks on an inspection line during a media tour of Nio Inc.’s production plant in Hefei, Anhui province, China on Friday, December 4, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING – Chinese electric car start-up Nio said on Friday it was shutting down a plant for five days due to … Read more
[ad_1] TOKYO (Reuters) – Global stocks rebounded on Friday as Asian stocks recovered from a three-month low as investors focused more on optimism about the global economic recovery than on rising tensions between the West and China. FILE PHOTO: A man wearing a face mask, following a coronavirus outbreak, speaks on his cell phone in … Read more
[ad_1] The skyline of the central business district from Marina Bay Sands in Singapore on Tuesday, November 3, 2020. Lauryn Ishak | Bloomberg | Getty Images Wall Street’s hottest trend could be heading to Asia. PSPCs – or special purpose acquisition companies – are generating interest in Asia and the first wave of local listings … Read more
[ad_1] (Reuters) – Moderna Inc has delayed the shipment of 590,400 doses of its COVID-19 vaccine due to arrive in Canada this weekend, the federal purchasing minister said on Thursday. Moderna informed Canadian officials that the delay was due to a “backlog in its quality assurance process,” Anita Anand said, adding that the company had … Read more
[ad_1] China and Japan are continuing their respective pilot projects for central bank-issued digital currencies, or CBDCs. On March 26, the Bank of Japan announced that it had established the Central Bank Digital Currency Liaison and Coordination Committee to meet with the private sector on the next CBDC proof of concept, or PoC, declaring: “The … Read more