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Small caps join Wall St rally but pandemic could derail them
NEW YORK: US small caps joined in the broad market rally in the days after Election Day as investors priced in the likelihood of a divided Washington with Democrat Joe Biden president and Republicans maintaining their Senate majority.
Has working from home made the traditional men's suit obsolete?
The pandemic lockdown has changed business attire. Did working from home really lead to the demise of men's tailoring brand Brooks Brothers? Or was it the result of shifting trends?
Canada's economy up 4.5 percent in May
OTTAWA, July 31 (Xinhua) -- Canada's gross domestic product grew 4.5 percent in May because businesses reopened after unprecedented economic lockdowns due to the COVID-19 spread in March and April, according to Statistics Canada on Friday.
US shale producers slammed by oil price crash
HOUSTON: United States shale oil producers, whose weak returns in recent years had them out of favour with investors even before the coronavirus pandemic crushed oil prices and decimated production, are expected to post their worst second-quarter results since 2016.
Big Smile, No Teeth: Parody's dead, killed by the reality of 2020
Anti-vaxxers are accusing Bill Gates of wanting to pump them full of nanobots in the guise of a vaccine. You know, we couldn’t make this stuff up!
Opec+ confident of gradually opening taps
LONDON: Opec+ is confident that it can start easing deep production cuts next month without hurting the rally in oil prices.
Wall Street ends higher on recovery hopes, Nasdaq hits another record
NEW YORK: Wall Street's three major indexes closed higher on Tuesday as improving economic data and the prospect of more stimulus bolstered hopes of a swift recovery, while a jump in technology shares powered the Nasdaq to another record high.
S&P 500 closes lower as COVID-19 resurgence casts a shadow on sentiment
NEW YORK: The S&P 500 ended lower on Friday after an up-and-down session as investors weighed spiking cases of COVID-19 and Apple Inc's announcement of fresh store closures against anticipated stimulus and continued economic recovery.
S&P and Dow close lower as new COVID-19 cases surge
NEW YORK: The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery.
Canada’s oil patch cuts back climate efforts under pandemic
TORONTO: Canadian oil sands companies have shelved nearly C$2bil (US$1.47bil) in green initiatives in a cost-cutting drive to weather the coronavirus pandemic, a reversal in some of their commitments to reduce emissions and clean up their dirty-oil image.
