London is about to move to the highest level of coronavirus restrictions as cases surge in the capital.
Tier 3 restrictions kick in on Wednesday morning.
CNBC answers a range of questions on the latest restrictions.
One of the potential changes is putting an end to self-preferencing.
Companies like Apple and Google will also have to allow users to uninstall apps that have originally come with their devices.
Failure to comply could result in fines as high as 10% of the companies’ annual turnover worldwide.
The remedies could ultimately include forcing companies to disinvest if they breach the rules systematically.
The FDA said data from Pfizer’s Covid vaccine trials show that side effects are common, though there are “no specific safety concerns identified that would preclude issuance of an” emergency use authorization.
Trial participants in the Moderna and Pfizer studies told CNBC they developed more significant symptoms following the second dose.
Tesla surpassed a $500 billion market cap on Tuesday.
Shares of Tesla closed up 6.4% to trade at $555.38 per share.
Tesla became the first $100 billion publicly listed U.S. carmaker in January.
The price of bitcoin has climbed past $19,000 as the cryptocurrency’s 2020 surge continues.
It was trading about 4.25% higher on Tuesday morning at $19,207, according to data from industry site CoinDesk.
It is now creeping up toward the all-time high of $19,783 posted in a December 2017.
The 30-stock Dow surged 454.97 points, or 1.5%, to close at 30,046.24. At its high of the day, it traded at 30,116.51. Chevron rose 5% to lead the Dow higher. JPMorgan Chase and Goldman Sachs rose 4.6% and 3.8%, respectively.
Electronic brokers were experiencing outages on Monday amid record highs in the Dow and S&P 500.
Charles Schwab said some clients are having difficulty logging in to their accounts and hold times are longer than usual.
Vanguard, TD Ameritrade and Fidelity also tweeted some clients were having technical problems.
Bitcoin was last trading almost 9% higher at a price of $15,233, according to data from industry website CoinDesk.
The world’s best-known cryptocurrency has been on a tear in 2020, more than doubling in value year-to-date.
Some analysts have linked its rise to unprecedented stimulus from global governments and central banks.
China’s Vice Foreign Minister Le Yucheng said Thursday he hoped the U.S. presidential election would proceed stably and smoothly.
He was speaking at an unrelated press conference, according to state media.
Chinese-language state media have been relatively muted on the U.S. presidential election, amid rapt attention from many social media users and privately run media outlets.
Economies in Asia are set to benefit as China’s shows a strong rebound from the coronavirus pandemic, says Invesco’s David Chao.
In particular, the focus is on “whether the Chinese consumer can quickly return back to normalized activity,” Chao said.
Chao’s comments came after recent data showed China’s manufacturing activity expanded in September, pointing to a continued recovery for the world’s second-largest economy.
