S&P Global In Talks To Pull Off The Biggest Deal Of 2020

UK house prices: Building society Nationwide will deliver November house price data tomorrow. For October, Nationwide reported that house prices had increased by 5.8% year-over-year in the UK, and 0.8% versus the prior month. According to Trading Economics, the consensus forecast for November is a 5.5% year-over-year gain and a 0.3% gain versus October.

Online Black Friday sales surge

With many consumers choosing to (or being forced to) shop from home, online Black Friday sales are set to hit a record high this year. According to data from Adobe Analytics, the total is on pace to come in at between $8.9bn and $9.6bn, an increase of more than 20% versus last year. Per the data, 42% of sales came in from smartphones, with retailers offering curbside pickup and faster delivery methods enjoying the biggest sales boost. For retailers still reliant on bricks and mortar operations, the news was less positive. The WSJ reported that firms who track foot traffic estimated that roughly half as many people visited stores on Black Friday versus last year.

Crypto Corner: Bitcoin surge ‘caused by PayPal’ says Pantera

Bitcoin came close to an all-time high last week, and crypto investment firm Pantera Capital says PayPal is to thank.

In a report published on Medium, Pantera cites the entry of PayPal to the market has caused demand for the world’s largest cryptoasset to surge. The report’s author claims: “When PayPal went live, volume started exploding. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins.

“Three hundred million people just got instant access to Bitcoin, Ethereum, and other cryptocurrencies.”

PayPal launched cryptoasset services in the US earlier in November, with users able to trade up to $20,000-worth of the cryptoasset per transaction.

BTC has rebounded to trade around $18,643 this morning after a sell-off knocked the cryptoasset down to nearly $16,000 following a fresh all-time high of $19,500 last week.

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