It appears a major shift is underway in the bond market. BofA Global Research’s Mark Cabana sees an improving jobs market adding fuel to the Treasury yield rally and providing some relief to the Federal Reserve ahead of Tuesday’s policy meeting. “We were really thinking that the economy would still really struggle to rebound in
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With California Gov. Gavin Newsom potentially poised to make an announcement easing COVID-19 restrictions on movie theaters this week, the industry anticipates at least the semblance of a summer season. The news will come as a relief to movie theaters, which have been shut since mid-March, and studios as well which have holding back on
Futures contracts tied to the major U.S. stock indexes held steady during the overnight session Monday evening as investors hoped to extend the S&P 500’s gains after the index returned to positive territory for the year during the regular session. Dow Jones Industrial Average futures rose 29 points, suggesting a flat open when regular trading resumes on
The Space Development Agency says optical inter-satellite links are “one of the most critical technologies to be demonstrated.” WASHINGTON — Optical communications terminals that use lasers to beam data across space will be tested in upcoming experiments by the Space Development Agency and the Defense Advanced Research Projects Agency. These terminals are important pieces of
IBM CEO Arvind Krishna announced today that the company would no longer sell facial recognition services, calling for a “national dialogue” on whether it should be used at all. He also voiced support for a new bill aiming to reduce police violence and increase accountability. In a letter reported by CNBC, written in support of
Former Minneapolis police officer Derek Chauvin poses for an undated booking photograph taken after he was transferred from a county jail to a Minnesota Department of Corrections state facility. Minnesota Department of Corrections | Reuters Derek Chauvin, the former Minneapolis police officer charged with murdering George Floyd during an arrest, had his bail set at
Robert Northern, the jazz artist, French horn master, and bandleader known as Brother Ah, has died, The New York Times reports. According to the Times, Northern died on May 31 in Washington D.C. following a year-long battle with a respiratory illness. He was 86 years old. Throughout his six-decade recording career, Northern played in-studio with
Hundreds of thousands of employees are expected to return to work in New York City on Monday as the city moves into its first phase of reopening after nearly 3 months of restrictions and closures. Shops can partially reopen for curbside pickup, though most of the resumed economic activity will be in construction and manufacturing.
Combatting the COVID-19 pandemic has become an international challenge and charge. It has highlighted the positive consequences of science operating on a global scale. It has shown how answers can be found quickly when scientists share results at unprecedented speed and research becomes increasingly open-access. It has shown that we must rely on scientists from
Despite a seemingly huge speed bump earlier this year, the Obi-Wan Kenobi Disney+ series is still in development. This was confirmed by director Deborah Chow over the weekend, which is good news for Star Wars fans who have been looking forward to seeing Ewan McGregor make his return as the famed Jedi. Work is continuing
Tamron Hall is set to air a special episode this week. Hear Us Now will showcase the voices of young Americans who are marching, protesting, and demanding change in the aftermath of George Floyd’s murder. Viewers will get inight into the frontlines of the protests through video diaries. These young people are the first generation
MILAN (Reuters) – Campari (CPRI.MI) is testing selling Aperol in China as the Italian spirits group looks to its photogenic orange-flavoured aperitif to revive sales hit by the coronavirus pandemic. Campari CEO Bob Kunze-Concewitz drinks an aperitif with Milan Mayor Beppe Sala at Campari’s brand house Camparino in Milan, Italy November 12, 2019. Picture taken
Joint effort: the new imaging method, which is called biochemical quantitative phase imaging with mid-infrared photothermal effect. (Courtesy: s-graphics.co.jp, CC BY-NC-ND) Optical imaging is widely used to image biological cells thanks to its non-destructive, label-free nature. A team of researchers in Japan has now combined two common optical techniques – quantitative phase microscopy and molecular
The history of progress is a history of protest. We would have few of our modern rights if no one had stood up and demanded them. The books on this list cover some of the largest protests in the last century, protests that reshaped societies and reimagined futures. These books show that small groups of
Universal and Blumhouse are taking their Kevin Bacon–Amanda Seyfried psychological thriller You Should Have Left straight into homes on Friday, June 19 for a North America PVOD release. The pic was directed by Jurassic Park and Mission: Impossible scribe David Koepp which he adapted from the German novel by Daniel Kehlmann. Bacon and Seyfried star as a couple seeking
Stanley Druckenmiller Adam Jeffery | CNBC Legendary investor Stanley Druckenmiller said tech giants Amazon and Microsoft are still among his biggest holdings, but noted he is quite bearish on growth stocks as a group. “I have still something like Amazon and Microsoft in my largest holdings, but I have the least growth weighting in my
Those armed with a newly minted college diploma are entering the worst U.S. job market in modern history, with unemployment spiking to levels not seen since the Great Depression. As a result of the economic fallout from the coronavirus crisis, increased competition for fewer openings has put downward pressure on salaries and benefits. Starting salaries now average $54,585, down
SAN FRANCISCO – The Techstars Starburst Space Accelerator and Techstars Allied Space Accelerator announced the names June 8 of companies selected to participate in their 2020 classes. The Techstars Allied Space Accelerator, established late last year with the support of the U.S. Air Force, Netherlands Ministry of Defence, Norwegian Ministry of Defence and Norwegian Space