Solid gains for technology stocks pushed Wall Street higher Monday, tacking more gains onto last week’s rally. The S&P 500 rose 1.6%. Big Tech companies including Apple and Amazon, whose businesses have been thriving despite the pandemic, led the way higher. Companies that depend more on broad growth in the economy didn’t rise as much. Investors are still waiting to see whether Washington can get past its partisan divide to deliver more support for the economy. This week also marks the start of earnings reporting season, when CEOs will detail how their companies fared from July through September.
THIS IS A BREAKING NEWS UPDATE: AP’s earlier story appears below.
Schools are losing touch with some of the most vulnerable families across England during the pandemic, as the threat of truancy fines leads parents to de-register their children, with many feeling abandoned and isolated.
The government has said that parents who do not send their children back to school should face the usual penalties for non-attendance. But, although ministers say missing school would put “a huge dent in children’s life chances”, some families with members suffering from serious health conditions say it is not worth the risk. With headteachers saying they cannot authorise their absences because of the government’s policy, they face fines of between £60 and £2,500 for each parent.
Some heads are demanding letters from doctors to prove families’ health vulnerabilities, causing confusion as GPs say it is not their job to intervene. Education Otherwise, which supports home educators, says
(Bloomberg) — Twitter Inc. and Facebook Inc. will send their chief executive officers to a U.S. Senate hearing later this month devoted to a law that shields internet companies from liabilities.
A Senate panel voted to subpoena the heads of Twitter, Facebook and Alphabet Inc.’s Google for an Oct. 28 session focusing on Section 230 of the Communications Decency Act, a provision that protects the companies from lawsuits over user-generated content. Twitter CEO Jack Dorsey and Facebook CEO Mark Zuckerberg have agreed to attend voluntarily, their companies said.
Estee Lauder—the multinational beauty manufacturer behind some of this planet’s best-loved skincare and makeup products—is sending a serum to space.
In a world, nay, galaxy-first, ten bottles of Estee Lauder’s ‘Advanced Night Repair’ serum will be shuttled out of this world for a four-and-and-half hour photoshoot shot by NASA astronauts.
While NASA’s astronauts won’t appear in the images, the International Space Station and cosmos will, and Estee Lauder are paying roughly $128,000 for the privilege.
The companies have said a spacecraft delivering commercial supplies—including radish seeds, a toilet, and the serums—will launch from Virginia “no earlier than October 1”.
After reaching the ISS (typically a four-day mission), NASA astronauts will photograph and film the serum in the ISS’ Cupola observatory, taking advantage of its heavily-windowed panoramic views of space.
LONDON (Reuters) – Passive investors, the backbone of the Nasdaq’s rally this year, seem to have lost their nerve, pulling massive amounts of cash in recent days from index-tracking technology funds in what many see as an ominous sign for the sector.
With the tech-heavy Nasdaq 100 down more than 13% after a record 84% rally off March lows — in correction territory — many investors are speculating that a reversal could pick up speed as a COVID-19 vaccine gets closer.
Goldman Sachs, for example, predicts at least one vaccine will be approved by the end of this year. That should help broader markets but weaken the case for shares in companies that benefit when people are forced to stay home, whether cloud computing or e-commerce.
But exchange-traded funds, which accounted for most of this year’s tech sector inflows, may be the ones to
ORLANDO, Fla. – A group of passionate science communicators from around the world are working to bring science supplies to students in South America and the Caribbean and one of the group members plans to fly down the supplies once it’s all said and done.
Passage was founded by a growing group of young and veteran leaders in science, with the goal of supplying more than 20,000 pre-kindergarten to high school-age children with the tools to help them learn about science, technology, engineering and math fields.
“It’s for kids and students who, you know, maybe are in high school who are going to be going into college to get into STEM degrees, or just starting off who looked at Bob and Doug go to space and said, I want to be an astronaut,” Passage group member NASA engineer Joan Melendez-Misners said.
[SPACE CURIOUS PODCAST: Astronomers are working to ensure large