Tag: Businesses in COVID-19

Stocks, Yields Slide After US Jobs Report as Omicron Looms

December 4, 2021
AfricaAMERICAAsia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusCompanieseconomic policieseconomyEuropeGold & CommoditiesinflationInternationalInvestmentjobsMarket WatchMarketsMiddle EastOmicronreportstocksUSUS FeaturesWorldyields
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NEW YORK—Global equities and benchmark U.S. bond yields tumbled on Friday in volatile trade after data showed U.S. job growth slowed considerably in November and the Omicron variant of the coronavirus kept investors on edge. Nonfarm payrolls increased by 210,000 jobs, the fewest since last December, but the unemployment rate plunged to a 21-month low…

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Stocks Stumble, Yields Choppy After US Jobs Report as Omicron Looms

December 3, 2021
AfricaAsia & PacificBusiness & EconomyBusinesses in COVID-19Companieseconomic policieseconomyEuropeGold & CommoditiesinflationInternationalInvestmentjobsLocal NewsMarket WatchMarketsMiddle EastNew YorkNY NewsOmicronRegional-Local NewsreportstocksTexasUKUSUS NewsWorld
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NEW YORK/LONDON—Global stock markets faltered on Friday, while benchmark bond yields gave up earlier gains after data showed U.S. job growth slowed considerably in November and markets stayed volatile as investors assess implications from the new Omicron coronavirus variant. After opening higher, Wall Street’s main indexes quickly turned negative in morning trading. European markets also…

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Euro Zone November Business Growth Acceleration May Be Temporary: PMI

December 3, 2021
BusinessBusiness & EconomyBusinesses in COVID-19CCP VirusCompanieseconomic policieseconomyeuroEuropegrowthMarketsnovemberOmicronPMIWorld
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LONDON—Euro zone business activity accelerated last month but the bounce may be temporary as demand growth weakened and fears about the Omicron coronavirus variant put a dent in optimism, a survey showed on Friday. IHS Markit’s Flash Composite Purchasing Managers’ Index (PMI), a good gauge of overall economic health, jumped to 55.4 in November from…

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Euro Zone Retail Sales Up in October on Non-Food Purchases

December 3, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyeuroEuropeGold & CommoditiesMarketsoctoberRetailsalesWorld
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BRUSSELS—Euro zone retail sales rose in line with expectations in October as consumers spent more on non-food purchases, particularly online, data from Eurostat showed on Friday. Retail sales, a proxy for consumer demand, in the 19 countries sharing the euro, gained 0.2 percent month-on-month in October and were up 1.4 percent from a year earlier,…

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Narrowing Equity Market Breadth May Signal a ‘Market Top’: BofA

December 3, 2021
BofABusiness & EconomyBusinesses in COVID-19Companieseconomic policieseconomyequityinflationInflowsInternationalInvestmentLocal NewsmarketMarket WatchMarketsMedia & Big TechNew YorkRegional-Local NewsUSUS NewsWorld
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LONDON—Narrowing equity market breadth, rising volatility, and the prospects of rate hikes are the classic signs of a market top, BofA said in a weekly report on Thursday. Just five of the biggest U.S. technology stocks accounted for 71 percent of the nearly 20 percent gains in U.S stocks, BofA analysts noted of the performance…

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ECB Likely to Avoid a Long-Term Commitment in December: Lagarde

December 3, 2021
bankBusiness & EconomyBusinesses in COVID-19CCP VirusChristine LagardeCompaniesECBeconomic policieseconomyEUEuropeinflationMarketsOmicronWorld
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FRANKFURT—The European Central Bank may set policy for a relatively short period at this month’s meeting given heightened uncertainty but should not delay a decision as markets need direction, ECB President Christine Lagarde told Reuters on Friday. Conservative policymakers have called on the ECB to avoid long-term commitments at the Dec. 16 gathering given recent…

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Roche Develops New Research Test Kits for Omicron Variant

December 3, 2021
AfricaBusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesEuropeHealth NewsInternationalkitsMind & BodyOmicronresearchRocheTestWorld
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ZURICH—Roche’s newly acquired subsidiary TIB Molbiol has developed three new test kits to help researchers detect mutations in the new Omicron variant of coronavirus, Roche said on Friday. Governments around the world are urgently scouring databases for recent cases of COVID-19 infections, screening travelers, and decoding the viral genomes of the new variant as they…

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Fed’s Mester Says Omicron Threatens to Stoke US Inflation: FT

December 3, 2021
AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCompanieseconomic policieseconomyFedinflationInternationalLoretta MesterOmicronUSUS NewsWorld
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The Omicron coronavirus variant threatens to fuel soaring inflation in the United States by further pressuring supply chains and worsening worker shortages, Cleveland Federal Reserve Bank President Loretta Mester told the Financial Times. “If it turns out to be a bad variant it could exacerbate the upward price pressures we’ve seen from the supply-chain problems,”…

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World Shares Mostly Higher After Broad Rally on Wall Street

December 3, 2021
AfricaAMERICAAsia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policieseconomyEuropeGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkNY NewsRegional-Local NewsSharestechnologyUKUSUS NewsWorld
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BANGKOK—Stocks were mostly higher in Europe and Asia after a broad rally on Wall Street as investors awaited U.S. employment and other data due out Friday. Concerns over the spread of the new coronavirus variant and measures governments are taking to restrain it remained, but appeared to have been assuaged by reports that its symptoms…

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Tesla Officially Moves Headquarters from California to Texas

December 3, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyElon MuskheadquartersLocal NewsNorthern CaliforniaRegional-Local NewsSouthern CaliforniaTechteslaTexasUSUS News
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Tesla founder and chief executive Elon Musk has made good on his promise to relocate the company’s headquarters from Palo Alto, California, to Austin, Texas, with a Dec. 1 regulatory filing making the move official. “On December 1, 2021, Tesla, Inc. relocated its corporate headquarters to Gigafactory Texas at 13101 Harold Green Road, Austin, Texas 78725,”…

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