What we’re reading (7/27)
“Google To Keep Employees Home Until Summer 2021 Amid Coronavirus Pandemic” (Wall Street Journal). Google CEO Sundar Pichai reportedly made the decision, which will affect nearly all of Google’s 200,000 employees, after an internal debate among executives last week.
“2020 Is The Summer Of Booming Home Sales—And Evictions” (Washington Post). “Nearly 15 million homes sold nationwide in April, May and June, according to new data released this week by the Commerce Department and National Association of Realtors. Meanwhile, 12.6 million renters say they were unable to pay rent last month, according to the latest Household Pulse survey from the U.S. Census.”
“The World’s Biggest Coronavirus Vaccine Study Begins, A U.S. Trial That Will Include 30,000 People To See If The Shots Really Work” (CNBC). Volunteers will get two doses of the of the experimental vaccine developed by the National Institutes of Health and Moderna. Of course, some will get a placebo.
“Credit Suisse Invested $100 Million In Ant, Expects Windfall” (Bloomberg). Credit Suisse apparently put about $100 million into Ant Group—the Chinese fintech company that owns Alipay, the world’s largest mobile and only payments platform—during its last funding round in 2018.
“Gold Prices Hit Record As Dollar Drops” (Wall Street Journal). Futures contracts for delivering gold in August 2020 reached $1,938.10 per troy ounce, surpassing the previous intraday high of $1,923.70 from September 2011. The decline in the dollar is apparently adding to the momentum.
