Can you make money from the Big Mac index?
Sep 19th 2020THIS WEEK Hong Kong’s monetary officials stepped into the foreign-exchange markets after dusk to defend the city’s long-standing peg to the dollar. Given everything the financial hub has faced in recent months—protests, a pandemic and punitive American sanctions—you might assume it is battling to prop its currency up. You would be wrong. The…
How does today’s tech boom compare with the dotcom era?
Sep 19th 2020IN TROUBLED TIMES people take comfort in the familiar. Covid-19 has upended many things, but tech-stock prices have proved impressively invulnerable. The Nasdaq, a tech-heavy stock index, has leapt by 25% since the beginning of 2020, taking its total rise over the past decade to over 400%. Were it not for a handful…
Titanic tragedy may have been sparked by Northern Lights
The infamous Titanic sinking may have been sparked by glowing auroras that emerged on the evening of the cataclysm, according to a new study. On April 14, 1912, a geomagnetic tempest trailing the lights may have interrupted the RMS Titanic’s wireless signals and navigation systems when it sank after striking an iceberg. During the disaster,…