Category: Money

Posted in Money

Amateur investors chase profits during the pandemic

Barney Durrant is one of thousands of Brits who have signed up to online trading and investing platforms during the pandemic. Photo: Barney Durrant
Barney Durrant is one of thousands of Brits who have signed up to online trading and investing platforms during the pandemic. Photo: Barney Durrant

Barney Durrant’s father worked for British Airways when he was younger. So when the share price of BA’s parent company began tumbling earlier this year, he saw “an opportunity.”

“I felt they would come back reasonably quickly,” Durrant, a self-employed digital marketing consultant from East Grinstead, said of airline stocks. “They were at such a massive low.”

A few weeks into lockdown he signed up to online trading platform Saxo and bought shares in BA’s parent company IAG (IAG.L). He also picked up stock in easyJet (EZJ.L) and a few other bombed out big names such as engine maker Rolls-Royce (RR.L).

Durrant is one of thousands of Brits who have joined trading and investment platforms since the COVID-19 pandemic began. A combination of market volatility, lockdown

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Inside Britain pandemic-era retail investment boom

Barney Durrant is one of thousands of Brits who have signed up to online trading and investing platforms during the pandemic. Photo: Barney Durrant
Barney Durrant is one of thousands of Brits who have signed up to online trading and investing platforms during the pandemic. Photo: Barney Durrant

Barney Durrant’s father worked for British Airways when he was younger. So when the share price of BA’s parent company began tumbling earlier this year, he saw “an opportunity.”

“I felt they would come back reasonably quickly,” Durrant, a self-employed digital marketing consultant from East Grinstead, said of airline stocks. “They were at such a massive low.”

A few weeks into lockdown he signed up to online trading platform Saxo and bought shares in BA’s parent company IAG (IAG.L). He also picked up stock in easyJet (EZJ.L) and a few other bombed out big names such as engine maker Rolls-Royce (RR.L).

Durrant is one of thousands of Brits who have joined trading and investment platforms since the COVID-19 pandemic began. A combination of market volatility, lockdown

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Arizona State redshirting swimming and diving due to coronavirus

With the fate of college sports this year still unknown due to the COVID-19 pandemic, Arizona State swimming and diving coach Bob Bowman isn’t going to take any chances.

Bowman announced on Sunday that they are going to redshirt the entire men’s and women’s swimming and diving teams for the 2020-21 season, according to Sports Illustrated’s Pat Forde. 

[ Coronavirus: How the sports world is responding to the pandemic ]

The team will simply train throughout the year — either separately or together on campus, depending on how the outbreak progresses — and then resume competing next season. 

“All our swimmers lost their NCAA [championships] last year,” Bowman said, via Sports Illustrated. “I’m not willing to let them lose two.”

‘The hardest part is no clarity’

Both the Big Ten Conference and the Pac-12 Conference have already announced that they will play conference-only schedules this fall because of the coronavirus.

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‘He Still Knows Who His Dada Is’

Nick Cordero’s son just said his first words!

On Sunday, Cordero’s wife Amanda Kloots shared a video of their 13-month-old son Elvis Eduardo, who can be seen looking at a picture of his late father on a picture lamp when he starts to speak. The video of Elvis speaking comes after the Broadway actor died on July 5 from coronavirus complications at the age of 41.

“Elvis said his first words today!! Listen closely! He pointed at Nick in our new picture light and said ‘right there.’ He hasn’t seen Nick since March 30th. The fact that he still knows who his Dada is, point to him and give him a kiss to me is amazing,” Kloots, 38, captioned the footage.

Last week, the mother of one opened up about her “new normal,” sharing with her Instagram followers that she’s starting the process of moving their belongings into the home

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China-Backed Crypto Guru Wants to Unify the World’s Blockchains

(Bloomberg) — The blockchain world today is thousands of disparate platforms that can’t talk to each other. So a little-known startup hatched one of the most ambitious plans yet to bridge all the divides — and it’s got the backing of the Chinese government.

Beijing-based Red Date Technology is at the heart of China’s first state-backed blockchain initiative, envisioned as a one-stop hub for developers to build decentralized applications (dapps) for everything from money transactions to drug-delivery tracing. Think of it as the crypto-world equivalent of a cloud service like Amazon Web Services or Microsoft Azure that hooks up and supports a multitude of software and platforms. Since its April roll-out, the Blockchain-based Service Network (or BSN) has attracted more than 6,000 enterprise, government and individual users primarily from China.

Red Date, backed by the nation’s top economic planner, is the mastermind of the undertaking. The startup’s goal is to

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How a Chinese agent used LinkedIn to hunt for targets

Dickson Yeo
Dickson Yeo

Jun Wei Yeo, an ambitious and freshly enrolled Singaporean PhD student, was no doubt delighted when he was invited to give a presentation to Chinese academics in Beijing in 2015.

His doctorate research was about Chinese foreign policy and he was about to discover firsthand how the rising superpower seeks to attain influence.

After his presentation, Jun Wei, also known as Dickson, was, according to US court documents, approached by several people who said they worked for Chinese think tanks. They said they wanted to pay him to provide “political reports and information”. They would later specify exactly what they wanted: “scuttlebutt” – rumours and insider knowledge.

He soon realised they were Chinese intelligence agents but remained in contact with them, a sworn statement says. He was first asked to focus on countries in South East Asia but later, their interest turned to the US government.

That was

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“The presumption should be to get our kids back to school”

Washington — Health and Human Services Secretary Alex Azar said Sunday that as school districts weigh whether to reopen fully for in-person learning amid the coronavirus crisis, which continues to worsen in many states, the “presumption should be” that students return to school for the fall semester.

“Each community is going to have to make the determination about the circumstances for reopening and what steps they take for reopening,” Azar said on “Face the Nation.” “But the presumption should be we get our kids back to school.”

Transcript: Health and Human Services Secretary Alex Azar on “Face the Nation”

With the academic year set to begin in the coming weeks, school districts are facing decisions on whether to allow students to return for classroom learning five days per week, switch to online learning or adopt a hybrid model that combines both approaches. 

President Trump pressured schools earlier this month to

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Thousands of you told us you want California to change. We want to hear from even more of you

The 110 Freeway leads south toward downtown Los Angeles. <span class="copyright">(Robert Gauthier / Los Angeles Times)</span>
The 110 Freeway leads south toward downtown Los Angeles. (Robert Gauthier / Los Angeles Times)

It was almost three months ago, but it might as well have been another epoch: In early May, the L.A. Times Opinion section asked readers to envision life in California after the pandemic and share with us their thoughts on what the COVID-19 health and economic crisis reveals about us as a society, and what transformations may be necessary to heal the trauma.

And respond our readers did — more than 3,700 of you. With such a large volume of responses, the topics covered were diverse, but there were some areas of broad agreement among our readers — namely, that government should expand its role in healthcare and the economy to prevent a crisis such as COVID-19 from causing so much shock. Traffic, housing and the environment were also on the top of readers’ minds;

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Unsurprised by Mayor Steinberg and President Trump’s unfair census order

Unsurprised by Mayor Steinberg

“Steinberg endorses ‘split-roll’ initiative to raise property tax on California businesses” (sacbee.com, July 15):

Not surprisingly, Mayor Steinberg supports the “split-roll” initiative because he’s never seen a tax hike he doesn’t like.

He cites the COVID-19 crisis as the reason for his support, even after receiving $89 million dollars from the federal government to directly address the effects of COVID-19, significant parts of which the mayor and council directed to other entities they deemed worthy.

Opponents to the measure are correct in thinking this will be the first step in dismantling, if not completely repealing Proposition 13, the proposition which has allowed you, your parents and grandparents to be able to live in their homes free of a stifling, burdensome tax imposed on the middle class for over 40 years now. As usual, there are no guarantees of accountability for the additional money Proposition 15 would

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Half of UK homeowners to apply for goverment’s Green Energy Grant

Chancellor Rishi Sunak announced the grant as part of the summer budget on 8 July. Photo: Phil Noble/PA
Chancellor Rishi Sunak announced the grant as part of the summer budget on 8 July. Photo: Phil Noble/PA

More than half of UK homeowners are planning to apply for the government’s new Green Energy Grant, research suggests.

The grant, which was announced by Chancellor Rishi Sunak in July’s budget and will be available from September, will cover at least two thirds of the cost of energy-saving home improvements.

The average UK household can apply for up to £5,000 ($6,396), while the poorest households can claim as much as £10,000.

So far, 51% of homeowners are planning to apply for the scheme, while another 26% are seriously considering it, according to a MoneySuperMarket survey of 2,000 people.

The scheme could save Brits up to £300 a year on bills, Sunak said in his announcement speech.

READ MORE: Centrica to sell North American energy business for $3.63 billion

It is part of

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