U.S. government debt prices rose Tuesday as investor sentiment was shaken by a rapidly spreading new strain of coronavirus in the UK The yield on the benchmark 10-year Treasury note fell to around 0.918% while the yield on the 30-year Tresury note fell to 1.656%. Bond yields move inversely with prices. On Monday, 10-year government…

The head of the German firm & ever has ever said that his company’s new vertical indoor farm in Singapore will produce 1.5 tons of “green leaf” every day when it is operational in the fourth quarter of next year. Henner Schwarz, Chief Executive Officer at & ever, told CNBC on Monday that he expects…

Former FDA chief Dr. Scott Gottlieb warned that the highly contagious new mutation of Covid-19 found in the UK was “already in the US” with more than 40 countries banning entry and exit to the UK for 48 hours or more. “I don’t think a travel ban will currently prevent this mutated strain from reaching…

Juanmonino | E + | Getty Images Congress wants entrepreneurs to go to restaurants and apply for a full tax deduction. Whether it is enough to save contested restaurants is a different story, said financial advisors and tax professionals. The $ 900 billion proposal, which was released Monday and is 5,593 pages long, contains a…

Peloton announced Monday that it plans to acquire exercise equipment maker Precor for $ 420 million to expedite production of its bikes and treadmills and meet promised delivery windows. Demand for Peloton’s exercise equipment has increased during the coronavirus pandemic and puts a strain on the supply chain as consumers want to exercise at home…

House Speaker Nancy Pelosi, D-Calif., Leaves a meeting on Capitol Hill on December 18, 2020. Saul Loeb | AFP | Getty Images Legislators have given small businesses an extra lifeline in the next round of Covid incentives: more forgivable loans and the ability to take a tax write-off on covered expenses. Members of Congress reached…

America’s millionaires are betting on a strong stock market for the next year. According to the CNBC Millionaire Survey, many are expecting double-digit growth. According to the survey of households with investable assets of $ 1 million or more, 70% of millionaires expect the S&P 500 to gain at least 5% over the next year.…

LONDON – A highly contagious new variant of the coronavirus is causing countries in Europe and elsewhere to block travel from the UK. The UK last week warned of a new variant of the coronavirus that is believed to be up to 70% more transmissible than the original strain of the disease. According to the…

SINGAPORE – Existing vaccines against Covid-19 will be effective at warding off infections against new strains of the coronavirus, a US doctor told CNBC this week. His comments came after the UK identified a new mutation of the virus on Saturday that can spread faster than previous variants. Countries like Italy, Germany, Canada and Israel…

A pharmacist prepares a dose of the Pfizer-BioNTech Covid-19 vaccine on Wednesday, December 16, 2020 at the UCI Medical Center in Orange, California, United States. Bing Guan | Bloomberg | Getty Images The global alliance, which aims to provide coronavirus vaccines to poor nations, announced Friday that it has supply agreements to provide nearly 2…