The pandemic-induced run on housing has fueled a national affordability crisis for many would-be home buyers.
Here’s a look at how much you need to earn to afford the average home in each state.
Jeff Bezos’ space company Blue Origin on Thursday completed the fourteenth test flight of its New Shepard rocket booster and capsule.
CNBC has learned that NS-14 also marked one of the last remaining steps before Blue Origin flies its first crew to space, with Thursday’s flight the first of two “stable configuration” tests.
Blue Origin aims to launch the second test flight within six weeks, or by late February, and the first crewed flight six weeks after that, or by early April, people familiar with the company’s plans told CNBC.
Crossbridge Capital CIO Manish Singh expects the pound this year to hold at its current level against the dollar (around $1.3626 at the time of writing) or head to $1.40.
He said the pound would only move higher than the $1.40 mark next year, “on the benefits of Brexit accruing over time.”
Moderna is planning to test the safety and immune response from giving a booster shot of its Covid-19 vaccine one year after initial vaccination.
The duration of protection from Covid-19 vaccines isn’t yet known.
Its clinical trial sites have already begun outreach to volunteers from earlier trials.
President-elect Joe Biden on Thursday unveiled the details of a $1.9 trillion coronavirus rescue package.
The proposal, titled the American Rescue Plan, includes familiar stimulus measures with the goal of sustaining families and firms until vaccines are widely distributed.
The current plan is the first of two major spending initiatives Biden will seek in the first few months of his presidency.
Grayscale kicked off last year with $2 billion in assets under management and ended with more than $20.2 billion, driven by demand from institutional investors such as hedge funds, endowments and pension funds.
Grayscale’s Bitcoin Trust became a popular, publicly traded way for investors to get exposure to cryptocurrency without owning the coins themselves.
“There’s no longer professional risk of investing in the digital currency asset class — there’s probably more career risk in not paying attention to it,” said CEO Michael Sonnenshein.
U.S. trade officials said on Wednesday they were increasing tariffs on certain European Union products, including aircraft-related parts and wines from France and Germany.
The new tariffs are the latest action in the 16-year U.S.-EU dispute over civil aviation subsidies involving European aircraft company Airbus and its U.S.-based rival Boeing.
The vaccine is the first one approved for general use in China.
The vaccine is an inactivated, two-dose vaccine from the Beijing Institute of Biological Products, a subsidiary of state-owned conglomerate Sinopharm.
The company announced Wednesday that preliminary data from last-stage trials had shown it to be 79.3% effective.
Mills, who has $17 billion in assets under management, believes small caps will outperform large caps next year as market leadership continues to change to reflect a stronger economy.
Noah Holdings’ William Ma expects the demand for IPOs in China to remain high next year, following a “very exciting” 2020.
Stock listings of Chinese firms have dominated the global rankings in 2020, according to research from EY.
Among the top 10 listings globally, Chinese firms made up half of the list while also taking the top three spots.
