News
Back-to-school spending to surpass pre-pandemic levels: Mastercard
Sales from mid-July to early September are expected to rise 5.5% year over year and 6.7% compared with 2019, according...
Many wealthy Americans support higher taxes: CNBC survey
Almost half of millionaires support a higher capital gains tax to help fund education reform as proposed in President Joe...
National Retail Federation cites fastest growth in the sector since 1984
The National Retail Federation raised its outlook for the year, citing a quicker-than-expected recovery and eagerness to shop. One of...
Top health officials fear Covid variants may be able to evade vaccines
Dr. John Nkengasong, director of Africa’s Centres for Disease Control and Prevention, said he is “very concerned” about the emergence...
Payment tech company Marqeta files for $16bn IPO
Marqeta reported revenue growth in the first quarter of 123% to $108 million, while its net loss narrowed to $12.8...
Bitcoin extends losses after US seizes most of Colonial ransom
The world’s largest cryptocurrency slid 11% to a price of $31,629 Tuesday. Bitcoin’s price slipped again Tuesday after US officials managed...
Deutsche Bank warns of global inflation ‘time bomb’
In an out-of-consensus forecast, Deutsche Bank is warning of a potential crisis coming from inflation. Inflation is likely to persist...
Biogen faces questions over $56K-a-year price tag of newly approved Alzheimer’s drug
The biotech company’s price for the drug is higher than the $10,000 to $25,000 Wall Street analysts expected. Biogen is...
Canada’s economy lost 207,000 jobs in April
The country’s unemployment rate rose for the first time since the January lockdowns. Canada’s economy lost 207,000 jobs in April,...
Travel to rise 60% over Memorial Day weekend, says AAA
While road, rail, bus and air travel are all rebounding, numbers have not returned to 2019 levels. Travel is predicted...
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