The Philippine economy grew at the fastest pace since 1988 in the second quarter driven by strong household spending, investment and exports, data published by the Philippine Statistics Authority showed on Tuesday. Gross domestic product rebounded 11.8 percent year-on-year, in contrast to the 3.9 percent decline seen in the first quarter. This was the biggest expansion since the fourth quarter […]
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Some school districts are at war over COVID-19 protection measures with the cities and states in which they are located. The Dallas Independent School District will require masks, in defiance of Texas Gov. Greg Abbott’s “ban on mask” mandate. Gov. Ron DeSantis announced the State Board of Education may cut pay to officials in some Florida school districts if they […]
Read moreChief economist slams Biden’s ideas to put student loans on hold Brian Wesbury explains the potential consequences of the president’s idea, and discusses how the administration is giving people incentives not to work on ‘Making Money’ The coronavirus pandemic is affecting higher education decisions, though families still tend to underestimate how much college will cost, a new study shows. Fidelity […]
Read moreEviction moratorium prolongs uncertainty Eviction moratorium prolongs uncertainty for tenants, landlords The extended Centers for Disease Control and Prevention eviction ban could prolong the problems tenants and landlords have already faced amid the COVID-19 pandemic. The new eviction moratorium is intended to target areas of the country where cases are rapidly spreading and mass evictions would worsen the spread – […]
Read moreGermany’s industrial production unexpectedly declined in June as supply shortages weighed on the manufacturing sector, data published by Destatis revealed on Friday. Industrial output dropped 1.3 percent in June from May, when production was down by revised 0.8 percent. Economists had forecast production to grow 0.5 percent in June. The economy ministry said the main reason for the decline in […]
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The U.S. trade deficit widened by more than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said the trade deficit widened to a new record high of $75.7 billion in June from a revised $71.0 billion in May. Economists had expected the trade deficit to widen to $74.1 […]
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California-based action camera company GoPro, Inc (GPRO) turned to profit in the second quarter on higher sales. Both earnings and revenue managed to top the Street estimates. Net income of GoPro was $16.95 million or $0.10 earnings per share compared to a loss of $50.97 million or $0.34 loss per share in the same quarter last year. On an adjusted […]
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Move over Jeff Bezos. Luxury goods owner Bernard Arnault is now the richest person in the world, based on the current stock price of Louis Vuitton. Mr Arnault, who has been chairman of Louis Vuitton since he acquired a 44 per cent stake in the brand conglomerate in the late 1980s, is worth $US196 billion ($265 billion) as of Thursday. […]
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More On: Robinhood Robinhood shares halted after massive spike, looming short squeeze Robinhood shares soar more than 20 percent despite a lack of news ‘Little guy’ may feel sharp pain from Robinhood’s IPO arrow Retail traders weren’t hot on Robinhood stock after IPO Robinhood’s stock — which posted eye-popping gains earlier this week following last week’s lackluster IPO — fell […]
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