Tag: Businesses in COVID-19

Biden’s COVID-19 Vaccine Mandates Driving Big Business to Relocate Headquarters Into Texas: Gov. Abbott

December 6, 2021
Business & EconomybusinessesBusinesses in COVID-19CompaniesCOVID-19 vaccine mandateeconomyGreg AbbottLocal NewsRegional-Local NewsTexasUSUS News
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Texas Gov. Greg Abbott said Sunday that President Joe Biden’s federal vaccine mandates have driven new businesses to relocate their headquarters into the state. Texas is one of several U.S. states which has mounted multiple federal lawsuits against the Biden administration over its COVID-19 vaccine mandate, which requires almost all federal employees to get a COVID-19 vaccine as…

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Wall Street Opens Higher on Banks, Energy Boost

December 6, 2021
banksBusiness & EconomyBusinesses in COVID-19CompanieseconomyenergyGold & CommoditiesInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstocksTexasUSUS News
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Wall Street’s main indexes opened higher on Monday after declining sharply last week on Omicron and taper fears, with investors favoring banks, energy, and economy-linked stocks against technology and growth-heavy shares. The Dow Jones Industrial Average rose 53.35 points, or 0.15 percent, at the open to 34,633.43. The S&P 500 opened higher by 9.94 points,…

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Weaker Foreign Demand Sinks German Industrial Orders in October

December 6, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompaniesdemandeconomyEuropeforeignGermanyindustrialInternationalMarketsoctoberWorld
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BERLIN—Weaker demand from abroad drove a much bigger than expected drop in German industrial orders, including cars, in October, data showed on Monday, further clouding the growth outlook for manufacturers in Europe’s largest economy. A pandemic-related scarcity of microchips and other electronic components has caused massive supply bottlenecks and production problems in Germany’s mighty automobile…

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Better.com CEO Fires 900 Employees in Zoom Call Weeks Before Christmas

December 6, 2021
better.comBusiness & EconomyBusinesses in COVID-19CompaniesmortgageUSUS Newszoom
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The CEO of Better.com, an online mortgage lender, fired 900 of his employees in a Zoom call just weeks before Christmas citing a “change in the market.” Video of the Zoom call was shared on social media and shows Vishal Garg, the executive, sitting behind a desk as he prepares to deliver the news to his employees. The Epoch…

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Oil Rebounds Above $71 on Omicron Hopes, Iran Talks

December 6, 2021
AfricaBusiness & EconomyBusinesses in COVID-19CCP VirusCompanieseconomic policieseconomyGold & CommoditiesInternationalIranLocal NewsMarketsMiddle EastOilOmicronRegional-Local NewstalksTexasUSUS NewsWorld
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LONDON—Oil rose by more than $1 a barrel to above $71 on Monday as hopes that the Omicron coronavirus variant may cause mostly mild symptoms boosted riskier assets and as the prospect of an imminent rise in Iranian oil exports looked less likely. Helping ease Omicron concerns, reports in South Africa said cases there only…

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World Shares Mixed Amid Troubles for Chinese Property Sector

December 6, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policieseconomyEuropeglobalGold & CommoditiesHK BusinessHong KongIndiaInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewspropertyRegional-Local NewsSharesUSUS NewsWorld
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BANGKOK—European shares and U.S. futures rose Monday after a lackluster day in Asia, where shares fell in Hong Kong and Shanghai after troubled Chinese property developer Evergrande warned it may run out of money. Moving to reassure investors and keep growth from stalling, China’s central bank cut the amount of funds banks are required to…

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3 SaaS Stocks Plummet 25 Percent as the Work-From-Home Trade Fades

December 5, 2021
Business & EconomyBusinesses in COVID-19CompaniesHOMEInvestmentMarketsSaaSstockstrade
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The COVID-19 pandemic led to the rise of many things—the retail investor, to-go margaritas, and virtual rap battles to name a few. But potentially the biggest beneficiary of the pandemic has been companies in the work-from-home industry and software-as-a-service (SaaS) companies. DocuSign Inc., a company that allows businesses and individuals to legally sign contracts electronically,…

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Rising Wooden Pallet Costs Contribute to High Consumer Prices

December 4, 2021
Business & EconomyBusinesses in COVID-19economyinflationUSWooden Pallet
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Against a backdrop of ongoing supply chain concerns, a key but often overlooked aspect is the cost and availability of wooden pallets, the price of which has shot up during the pandemic and is driving up prices for consumers. Market data shows that prices have increased by up to 60 percent, creating unexpected challenges for…

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US Dollar Net Longs Jump to Highest Since Mid-June 2019: CFTC

December 4, 2021
.NetAsia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP ViruscftcDollareconomic policieseconomyEuropeGold & CommoditiesinflationInternationalInvestmentlongmarketMarket WatchMarketsUKUSUS NewsWorld
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NEW YORK—Speculators’ net long positioning on the U.S. dollar in the latest week soared to its highest level since mid-June 2019, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $23.99 billion for the week ended Nov. 30, up from…

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Omicron Variant Likely to Usher Growth Downgrades: IMF’s Georgieva

December 4, 2021
Business & EconomyBusinesses in COVID-19CCP VirusDistrict of Columbiaeconomic policieseconomygrowthIMFInternationalKristalina GeorgievaLocal NewsOmicronRegional-Local NewsUSUS NewsvariantWorld
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WASHINGTON—Global economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina Georgieva said on Friday. “A new variant that may spread very rapidly can dent confidence, and in that sense, we are likely to see some downgrades of…

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