How long will the recession last and how bad will it be? Despite the dire headline economic figures, the economy is already showing signs of recovery. Monthly output in June surged by 23.5pc, also a record, which leaves output down by just under one quarter compared with February’s level. Although the economy is […]
Day: August 12, 2020
It’s time to go for growth before Covid destroys the economy
His top gripe is that NHS management – who let the health system become the chief vector of transmission in March – is now so focused on eliminating Covid that person-to-person diagnosis of other diseases has stopped, to the net detriment of overall health. “The reality, which they seem not […]
Microsoft announces Surface Duo will arrive on September 10
It also will not feature 5G connectivity, while still having a price higher than Samsung’s Galaxy Z Fold 2, which does come with enhanced connectivity. Microsoft is pitching the Duo as a more useful tool than a conventional smartphone, since it enables users to multitask with two separate apps or web pages […]
Kroger goes for endless aisles with new marketplace strategy
Dive Brief: Kroger is expanding its ship-to-home service through a marketplace strategy that will initially source more than 50,000 products from third-party sellers, according to a company release. The move will double Kroger Ship’s current online assortment, with plans to eventually expand it further. The expansion will focus on specialty […]
Subaru shows real California wildfire footage in new cause marketing ad
Dive Brief: Subaru of America has launched a new ad to support its Subaru Loves the Earth initiative, the car maker announced today. The spot, cut into 60- and 30-second clips, focuses on the record-setting wildfires that are destroying California’s different ecosystems every year, per the announcement. New creative uses […]
WSJ: Twitter discusses merger with TikTok’s US operations
Brief: Twitter held preliminary discussions to merge with the U.S. operations of TikTok, The Wall Street Journal reported, citing people familiar with the talks. TikTok faces a Trump administration ban because of national security concerns over the social video app’s ownership by Chinese company ByteDance. It’s unclear whether Twitter will […]
We’re in a recession, so why are home buyers so optimistic and house prices rising?
There’s a quiet, surprising frenzy taking over parts of the property market. Demand is high, supply is low and sellers are in control. An estate agent reported that a buyer, so frantic to beat the competition, put in an offer 10pc over the asking price on a country house immediately […]
Five funds to invest in during the recession
For those looking to protect their cash, there is no straightforward answer. Counter-intuitively, they should not immediately park their money in the most defensive fund they can find or retreat to a low-rate savings account. Markets look ahead and will have priced in the recession before it began and start to […]
The end of furlough will be the moment of truth for jobs
It’s one of those paradoxes of economics that something that makes sense at a company-specific level to gain competitive advantage, is, when applied across the economy as a whole merely a beggar thy neighbour process that ends up making everyone poorer. Be that as it may, the Bank believes that […]
Help! Is this the best or worst time to buy a property?
Money & Daddy is a weekly column about parental finances, published on Wednesday mornings. Got a topic or problem you want me to tackle? Email me: [email protected] What do you think – is this the worst or best time to be buying a house? I care deeply about this question, […]