UK announces largest peacetime borrowing ever as Covid fuels economic plunge not seen for 300 years

Commuters cross London Bridge in view of Tower Bridge in London, U.K., on Monday, Nov. 2, 2020. Jason Alden | Bloomberg | Getty Images The U.K. has announced its largest peacetime borrowing level ever as the coronavirus pandemic is forecast to cause the largest plunge in economic output for 300 years. The British economy is … Read more

FDA clears a ‘new generation’ of Covid antibody test designed to tell how well someone is protected against the virus

A medical worker wearing personal protective equipment (PPE) inserts a Covid-19 test tube into a box at a drive-thru testing site at the Alemany Farmers Market in San Francisco, California, U.S., on Thursday, Nov. 19, 2020. David Paul Morris | Bloomberg | Getty Images The FDA on Wednesday authorized one of the first Covid-19 tests … Read more

Energy is where investors send money ‘to die’ but there is one stock to like in the space, trader says

The S&P energy sector is on pace for its best month ever after rallying nearly 40% in November. But, energy finds no fan in Mark Tepper, president of Strategic Wealth Partners. “The energy sector has been a place you’ve really sent your money to die for the last decade. If you go back to like … Read more

Another record low mortgage rate just caused demand to jump for both refinances and home purchases

In this Tuesday, July 17, 2012 photo, a single family home is offered for sale in the Hollywood area of Los Angeles. Average rates on fixed mortgages fell again this week to record lows, creating more incentive for buyers to enter the recovering housing market. Mortgage buyer Freddie Mac said Thursday, July 19, 2012, that … Read more

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