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PayPal to launch cryptocurrency service for customers

PayPal Holdings Inc will launch a new service allowing its customers to buy, sell, and hold bitcoin and other cryptocurrencies…

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China’s super rich got $1.5 trillion richer during pandemic — report

China’s super wealthy have earned a record $1.5 trillion in 2020, more than the past five years combined, as e-commerce…

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Washington’s crackdown on Google is the greatest threat yet to big tech

The justice department brought antitrust charges against the company, but experts say that’s just a start   For decades, companies…

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Sunak scraps three-year spending review to focus on Covid-19

UK chancellor will set out one-year plan covering budgeting needs of departments   Rishi Sunak has cancelled the UK government’s three-year…

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WEF says machines will create more jobs than they destroy but warns of pandemic ‘double-disruption’

KEY POINTS In a report published Wednesday, the World Economic Forum said the rise of machines and automation would eliminate…

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Gold jumps 1% as U.S. relief deal bets grow, dollar retreats

Gold rose 1% to its highest in over a week on Wednesday as investor optimism that a U.S. coronavirus aid…

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Mortgage demand from homebuyers falls for the fourth straight week

KEY POINTS Purchase demand is down nearly 7% compared with four weeks ago. The average contract interest rate for 30-year…

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