Markets
Uncertainty pushes gold price to new record high
USA bond markets have been a key metric to watch and a driving force behind the rush to gold , which is serving as an attractive hedge as yields on Treasuries that strip out the effects of inflation fall below zero. Global shares had lost steam late last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the USA consulate in Chengdu. [Full Article...]
Google to let employees work from home until June 2021 amid coronavirus
The Wall Street Journal said Google is expected to make its plans official as soon as Monday, and the change will affect 200,000 employees, including contractors and full-time workers. Amazon, Apple and Facebook have asked that workers return in January . Twitter also has said it would allow all employees to continue on remote work indefinitely. [Full Article...]
SAP will spin out its $8B spin-in Qualtrics acquisition
Business software group SAP (DE:) said on Sunday it planned to float Qualtrics, the US specialist in measuring online customer sentiment, which it acquired in late 2018 for $8 billion. Its primary objective for the IPO is to fortify Qualtrics' ability to capture its full market potential within Experience Management. The timing of the IPO will be determined later, SAP said. [Full Article...]
Ryanair slumps to £168m loss after 'most challenging' quarter
However, the low cost airline believes that the crisis offers opportunities because airlines will reduce their capacity at higher costs. The airline said: "It is impossible to predict how long the COVID-19 pandemic will persist, and a 2nd wave of COVID-19 cases across Europe in late autumn (when the annual flu season commences) is our biggest fear right now". [Full Article...]
Week ahead commodity report: Gold, silver and crude oil price forecast
Silver rode on its coattails, jumping to the highest in almost seven years. This came as the dollar plummeted to a near two-year low against major currencies amid increasing tensions between Beijing and Washington which saw the two sides ordering the closure of their consulates in Chengdu and Houston. [Full Article...]
Gold prices today hit fresh record high, tracking global trend
Gold rose 1 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as China-US tensions boosted the allure of safe-haven assets, especially those not tied to a specific country. In the US, investor expectations for annual inflation over the next decade have moved higher the past four months after plunging in March. The cheap dollar appears to have spurred ... [Full Article...]
Carnival PLC - Princess Cruises Extends Pause of Select Cruises
Princess said it made the decision to continue its pause after assessment of the current COVID-19 (coronavirus) situation and related decisions of various government, health authorities and airlines regarding travel restrictions. Passengers of the ill-fated Ruby Princess cruise ship, linked to 21 deaths and 700 cases of COVID-19 across Australia , have launched a class action over the ship's... [Full Article...]
Tesla is suing U.S. rival: Has Rivian Musks steal business secrets?
Tesla claims to have knowledge of three additional ex-employees sharing information with Rivian, two of whom were questioned by Tesla's "investigators" but denied the claims. If the company achieves this landmark, it would put it years ahead of its competition, as no other electric vehicle company has any pickup trucks planned, and the one that has, i.e. [Full Article...]