Wednesday January 26-th, 2022

Gold steadies as surprise USA jobs rebound dents demand Gold steadies as surprise USA jobs rebound dents demand

Gold jumped Rs 402 to Rs 47,235 per 10 gram in the national capital on Tuesday helped by rise in the global prices of the precious metal, according to HDFC Securities. "Strong rally in the equity market has taken the shine off gold but on hindsight, ...

NASDAQ Closes Above 10K for First Time NASDAQ Closes Above 10K for First Time

Rising technology and communication stocks have driven gains in the Nasdaq , which confirmed a new bull market just 16 weeks after coronavirus fears crushed stocks and pushed the USeconomy into recession. Starbucks Corp slipped 4 percent as it exp...

Tesla to start volume production of semi trucks: memo Tesla to start volume production of semi trucks: memo

The Tesla Semi has been in limited production, which Musk said in the memo has allowed the company to improve many aspects of the design. Eventually, the Semi faded from the company's earnings reports altogether. "We believe that the China growth s...

Nasdaq ends at another record; Dow, S&P 500 finish down Nasdaq ends at another record; Dow, S&P 500 finish down

Keeping its rate ultra-low for more than two more years could make it easier for consumers and businesses to borrow and spend enough to sustain an economy depressed by business shutdowns and high unemployment. The end result was identical to Tuesday ...

OECD: Japan's economy could shrink into 2021 OECD: Japan's economy could shrink into 2021

Earlier in March, OECD had projected the GDP to grow at 5.1 per cent.The report also said that the government's fiscal deficit is likely to stand between 8.2 per cent and 8.9 per cent in the ongoing fiscal, indicating shrinking tax revenue.

Boom Times For Tech Stocks Sends Nasdaq Past 10,000-Point Mark Boom Times For Tech Stocks Sends Nasdaq Past 10,000-Point Mark

The S&P 500 closed 0.5% lower, while the Dow slid 282 points, or 1%. Sam Stovall, chief investment strategist at CFRA Research in NY, said investors were hopeful the worst hit to the economy was past. The Nasdaq was famously exposed to the tech bub...

Fed Puts Floor Under Bond Buying, Sees Zero Rates Through 2022

However, 2021 is expected to show a 5% gain followed by 3.5% in 2022. Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020, a year that saw an unprecedented halting of business activity in an e...

China’s Factory Deflation Deepened in May Amid Slow Recovery China’s Factory Deflation Deepened in May Amid Slow Recovery

Ona yearly basis, consumer prices rose 2.4 percent - also shy of forecasts for an increase of 2.7 percent and down sharply from 3.3 percent in the previous month. Groceries were one spot where costs continued to rise, gaining 1% in May following a 2....

Saudi Arabia to end voluntary cuts on top of Opec+ pact Saudi Arabia to end voluntary cuts on top of Opec+ pact

Opec, Russia and other producers agreed on Saturday to extend production cuts of 9.7 million barrels per day (bpd) until the end of July, curbing global supply by nearly 10 per cent. The OPEC+ supply cuts are schedule to last until April 2022 but at ...

Government is poor, needs more taxes: Chidambaram on fuel price hike Government is poor, needs more taxes: Chidambaram on fuel price hike

Petrol and diesel prices were hiked by 60 paise per litre each on Monday for the second day in a row as state-owned oil firms reverted to daily price revisions after a hiatus of nearly three months. If this has to be covered over a period of time, g...

United States stocks open lower as Nasdaq retreats from record United States stocks open lower as Nasdaq retreats from record

The tech-heavy Nasdaq Composite Index gained 110.66 points, or 1.1%, to 9,924.74, a new all-time closing record. The Nasdaq 100 marked another record close at 9967 (+65 points or 0.7%), while the Dow Jones Industrial Average retreated 300 point...

Online used vehicle seller Vroom raises $467.5 million in US IPO Online used vehicle seller Vroom raises $467.5 million in US IPO

The IPO was priced at $22 apiece on Monday, earlier mentioned the upwardly revised vary of $18 to $20, and sold 21.25 million shares in contrast with the earlier approach of 18.8 million shares. Revenue in the quarter jumped 60% from a year earlier, ...

UK to start post-Brexit trade talks with Japan #102255 UK to start post-Brexit trade talks with Japan #102255

Pesticide standards in farming and food production could be undermined by post-Brexit trade deals, according to campaigners at the Pesticide Action Network and Sustain. They include chlorpyrifos, which has been shown to negatively affect the cognitiv...

WB projects 1.6% GDP growth for Bangladesh amid Covid-19 WB projects 1.6% GDP growth for Bangladesh amid Covid-19

Output is projected to contract by 3.2pc in 2020/21, when the impact of the pandemic will largely hit and stringent measures to control the spread of the virus will heavily curtail activity, despite some support from fiscal and monetary stimulus.

Greg Glassman: Brands cut ties over CrossFit CEO's George Floyd tweet Greg Glassman: Brands cut ties over CrossFit CEO's George Floyd tweet

In a follow-up tweet, Glassman said the health research institute's coronavirus model "failed", and criticized him for modeling a "solution to racism". " George Floyd's brutal assassination sparked nationwide unrest". Transcona CrossFit appe...

United States oil prices plunge below zero amid coronavirus pandemic United States oil prices plunge below zero amid coronavirus pandemic

US West Texas Intermediate (WTI) crude futures for June delivery rose $2.56, or 22.13 percent, to $14.13 a barrel. At the start of the year, a barrel of oil was $60 (€55) for comparison. But prices have continued to fall as analysts say the cuts ar...

United States has officially entered first recession since 2009 United States has officially entered first recession since 2009

Premium - Who benefits from the next U.S. recession? For that reason, the NBER typically waits longer before making a determination that the economy is in a downturn. It is expected to be followed by an extended recovery before the economy manages ...

Australian distillery recalling gin after some bottles filled with hand sanitiser Australian distillery recalling gin after some bottles filled with hand sanitiser

In a Facebook post, the distillery said, "the bottles were incorrectly labelled and had no seal". One woman reported feeling "nauseaous" after drinking a glass of the distillery's SS Casino Dry Gin, 7news reports. The bottles, which were sold at ...

Stimulus payments from IRS start next week Stimulus payments from IRS start next week

Prepaid debit cards are going out to many people - about 4 million nationwide - who've filed taxes but don't have a bank account on file with the IRS. Those earning more than $99,000, or $198,000 for joint filers, are not eligible. People with quali...

USA stocks point to coming bull market USA stocks point to coming bull market

Today's trade action is all about technology however, as Amazon and Apple gained 2.1% and 1.8%, respectively, to hit all-time highs, after the latter reached new all-time highs recently. The Nasdaq's record closing high on Monday confirmed a bull...

Words From CrossFit CEO Spark Massive Backlash Words From CrossFit CEO Spark Massive Backlash

MacGregor has been a CrossFit affiliate for 14 years, but now plans to rebrand his gym and cut ties with the company before his affiliation licence renews in October. Multiple other gyms disaffiliated following the tweets. In a follow-up tweet, ...

Hinshaw encourages all demonstrators to go for COVID-19 testing Hinshaw encourages all demonstrators to go for COVID-19 testing

The total number of deaths in the province has now hit 149. Hinshaw did encourage Albertans to get tested for COVID-19. Officials hospitalized 44 Albertans with six in intensive care. In Fort McMurray, there are four active cases and 18 recoverie...

Asia stocks set to gain after recovery hopes push Wall Street higher Asia stocks set to gain after recovery hopes push Wall Street higher

The Australian dollar has reached its highest level since July a year ago, buying 70.21 United States cents at 7amAEST. Oil prices were under some modest pressure, with USA benchmark West Texas Intermediate down about half a per cent to trade just ...

USA has officially entered first recession since 2009 USA has officially entered first recession since 2009

In terms of the quarterly peak of economic activity, the NBER alleges that occurred in the fourth quarter of 2019. The standard definition of a recession is "a decline in economic activity that lasts more than a few months ". Since February, the...

Hong Kong leads $5bn rescue package for Cathay Hong Kong leads $5bn rescue package for Cathay

The report adds that the deal is part of a broader HK$40 billion (US$5.2 billion) capital restructuring exercise for the airline to help it overcome the coronavirus pandemic. They will resume trading tomorrow, Cathay said. BOCOM International ana...

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