U.S real estate is poised for drastic changes as more people get the Coronavirus vaccine. Commercial real estate firm NAI Alliance is already predicting a surge in demand for retail, office space, and multi-family homes going forward. Real Estate Changes While the retail sector has felt the biggest brunt of the pandemic, most retail businesses
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Cryptocurrencies continue to elicit bids as the buying spree continues to gather momentum. Bitcoin is already up by more than 30% for the year to record highs of $35,000. Ethereum, the second-largest cryptocurrency by market cap, is also registering substantial gains after powering through the $1,000 mark. Cryptocurrency Rally A 10% plus gain pushed Ethereum
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The stock market showed some mixed results today with the Dow Jones and the S&P 500 coming in up but the NASDAQ coming in on a low. The Dow Jones closed up 1.44% to close at 30,829.40. The NASDAQ closed down 0.61% to finish at 12,740.79 and the S&P 500 closed up 0.57% to finish
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It appears that measures to protect the public from the coronavirus pandemic hit back at private employers at the end of 2020 as private sector employment fell in December and cases, hospitalizations, and deaths from the coronavirus grew across much of the country. Employers who are active in the private sector were caught with dropping
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The first major business transaction of 2021 was set in motion on Wednesday morning as Walgreens Boots Alliance Inc., the company that owns Walgreens pharmacies, announced that it has decided to sell a majority of its Alliance Healthcare business to the pharmaceutical product and services provider AmerisourceBergen Corp. in a $6.5 billion deal. The transaction
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U.S stock markets had one of the worst starts to a new year as stocks tumbled owing to growing concerns about the outcome of senate runoffs in Georgia. Uncertainty over the long-term impact of the COVID-19 situation also continues to take a toll on investor’s sentiments. Exchange-Traded Funds have also felt the full force of
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Record-low interest rates’ triggered by the COVID-19 pandemic is the catalyst fuelling activities in the bond markets. U.S states, cities as well as schools, and other issuers have turned to municipal bonds in a bid to raise much-needed capital to navigate the challenging environment owing to COVID-19. Muni Bonds Surge Likewise, the amount of muni
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Coinbase is the latest crypto player to find itself embroiled in a tricky lawsuit over the sale of unregulated securities. The U.S-based crypto exchange is to stand trial for allegedly receiving commissions on XRP coins’ sale on its platform. Coinbase Sued According to the lawsuit lodged by Thomas Sandoval, the crypto exchange went forth and
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The U.S real estate sector has shrugged off the shocks triggered by the COVID-19 pandemic to cap one of the finest runs amid a challenging macro environment. Contrary to expectations, the pandemic has fueled activities in the sector as health concernstriggered the digitization of the home buying process. Pandemic Triggered Home Buying As remote-working took
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The market is trending back up again, though it’s unclear just what might be pushing things in a positive direction. The Dow Jones rebounded up 0.24% to close at 30,409.56. The NASDAQ closed up 0.15% to finish at 12,870.00 and the S&P 500 closed up 0.13% to finish at 3,732.04. On the other hand, STOXX
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Stock Exchange-Traded Funds continue to edge higher, having received a bid on the U.S President Donald Trump signing to law the $900 billion coronavirus relief package. The signing of the bill all but alleviated the risk of the government shutdown, conversely fuelling hopes of continued economic recovery. Stock Exchange ETFs Rally The passage of the
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AstraZeneca plc. (NASDAQ: AZN) has quashed concerns about the efficacy of its experimental COVID-19 vaccine. In recent weeks, there have been growing concerns about the vaccine’s ability to combat the deadly virus, especially the new strain causing havoc in Europe. The AstraZeneca vaccine had initially shown an average of 70% effectiveness, but that level is
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The stock market is looking pretty good coming out of the holiday and heading into the end of the year. With all three major New York exchanges reporting improvement over the market today. The Dow Jones closed up 0.68% at 30,403.97. The NASDAQ closed up 0.74% at 12,899.42 and the S&P 500 closed up 0.87%
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Mergers and acquisition activity, across most sectors, has remained at suppressed levels in the aftermath of the COVID-19 situation. A good number of companies resorted to conserving capital amid concerns over the uncertainty triggered by the pandemic. Fast forward, things are looking up, and observers are optimistic of deal-making improving and could bounce back to
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