British tycoon Philip Green's Arcadia fashion group has collapsed into administration, putting over 13,000 jobs at risk and becoming the country's biggest corporate casualty of the COVID-19 pandemic so far, administrator Deloitte said on Monday.
Wall Street stocks fell on Monday as investors took profits after a sharp rally that has put the benchmark S&P 500 index on course for its best November ever.
After a decade of central bank bond buying, fund managers have begun to wonder if there is again money to be made in betting or hedging against volatility in the bond market caused by an economic recovery next year.
Philip Green's struggling British fashion group Arcadia has turned down rival Frasers Group's offer of a "lifeline" loan of up to 50 million pounds (US$67 million), sportswear retailer Frasers, controlled by Mike Ashley, said on Monday.
Contracts to buy U.S. previously owned homes fell for a second straight month in October as an acute shortage of properties pushed up prices, though the housing market remains supported by record low mortgage rates.
Facebook Inc said on Monday it would buy customer service startup Kustomer, as the world's largest social network forays further into e-commerce.
Bitcoin hit a record high on Monday of US$19,864, breaking its prior record set in Dec. 2017 as its 2020 rally powered on.
The number of political prisoners in Vietnam has reached its highest on record, according to a tally by Amnesty International, which in a report on Tuesday accused Facebook and Google of censorship in the Southeast Asian country.
Bitcoin hit a record high on Monday of US$19,864, breaking its prior record set in Dec. 2017 as its 2020 rally powered on.
Small cap stocks have far outperformed their larger counterparts in November en route to their best monthly performance on record, and look set to remain Wall Street leaders as companies poised to benefit from an economic recovery.
