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HSBC, Standard Chartered and other banks in Hong Kong closed branches or curtailed their working hours on Monday after a spike in the number of new coronavirus cases in the Asian financial hub. Hong Kong recorded more than 100 cases in a 24-hour period over the weekend, the most since the pandemic took hold in late January. The rise in cases took the tally close to 2,000 patients, 12 of whom have died....
The former chief operating officer at disgraced payments firm Wirecard has reportedly transferred "significant sums" of bitcoin following his escape from Germany, according to reporting by a leading German business newspaper Handelsblatt. Jan Marsalek was a key figure behind the breakdown of Germany-based Wirecard, which has made headlines for filing for insolvency and allegations of […]The post Most-wanted Wirecard executive reportedly owns 'significant sums' of Bitcoin - Report appeared first on The Block....
About half of millennial and Gen X mortgage borrowers say someone in their household is on unemployment. Many worry about paying their mortgage when extra benefits end....
Stocks were little changed on Friday as traders concluded a volatile week....
Stocks slipped Friday as a sharp decline in Netflix pressured the rest of the market to end the week. ...
As the final trading session of the week kicks off, stocks are not only focused on Netflix's latest results, but also the latest housing data for direction....
(Bloomberg) -- Deep in the electric-vehicle industry’s supply chain is a little-known Japanese manufacturer that makes a seemingly mundane, but essential, device: coil-winding machines.If the motor is the heart of an EV, then coils in turn are the heart of the electric motor. Odawara Engineering Co., founded 70 years ago as a supplier for appliance makers, is an expert in the making the dense loops of wire that go into those motors. Tesla Inc., manufacturer of the Model S and Model 3 sedans and most recently the world’s most-valuable automaker, is one of its biggest customers.Although the coronavirus pandemic has depressed global auto sales, BloombergNEF predicts that economies will speed up adoption of EVs as some countries choose to bolster funding for low-emission cars and infrastructure. The global market for coil-winding machines is projected to expand at 10% annually and will reach $1.3 billion in 2024, according to Global Info Research.“We...
