News for nerds
The pandemic-induced furniture shortage is driving demand for pre-furnished homes. While lockdowns forced Americans to spend more time at home, many used it as an opportunity to redecorate, fueling the online hunt for house decor and stretching furniture supply chains Read more
After years of preparation, the country began rolling out an ambitious test of a digital version of the yuan earlier this year. Pilots exist now in four Chinese cities, where transactions totaling more than 2 billion yuan ($300 million) have Read more
The incredible year for Tesla stock has created a bloodbath for those shorting its shares. According to analysis by S3 Partners, short investors in Tesla— those who placed bets in the market that its shares would lose value — have Read more
A group of UK lawmakers said on Friday as much as £50 billion ($67.4 billion) in cash was “missing,” and it urged the Bank of England to investigate. The money is “stashed somewhere but the Bank of England doesn’t know Read more
Hiring in the US is now so slow, it could take another 40 months for the job market to fully recover from the pandemic. The US economy added 245,000 jobs in November on a seasonally adjusted basis, the Bureau of Read more
The job market recovery is at risk of stalling out as the pandemic intensifies. The rapid loss of momentum in the economy raises the pressure on Washington to do what should be a no-brainer: provide more fiscal relief. The United Read more
Stocks hit new all-time highs Friday — even though the government reported a lower-than-expected increase in jobs in November. Investors appear to be betting that the weaker jobs gains will put more pressure on the outgoing Trump administration and Congress Read more