The holiday shopping season is in full swing, although many customers are finding higher prices on products in the market. They are also witnessing an ongoing price war between various retail giants. According to the data analytics company Profitero, Amazon.com, Inc. is the first retail firm to increase its prices. Profitero tracks almost 20,000 popular…
Omicron Restrictions Would Fuel Faster Inflation, Expert Warns as Biden Plans Update on US Response to New Variant
November 29, 2021
admin
Business & EconomyBusinesses in COVID-19economyinflationInvestmentMarketsOmicronrestrictionsUSUS News
0 Comment
Jim Bianco, President and Macro Strategist at Bianco Research, warned in a series of tweets and in a Bloomberg interview on Nov. 29 that any restrictions imposed in response to Omicron would fuel faster inflation, with his remarks coming as President Joe Biden plans to provide an update later in the day on the U.S….
Omicron Emergence Revives Fears of Stagflation: El-Erian
Allianz chief economic adviser Mohamed El-Erian said in an interview on Fox News and an op-ed in Bloomberg on Nov. 28 that the emergence of the Omicron variant of the CCP (Chinese Communist Party) virus has revived market fears of stagflation. “Faster inflation is a given,” El-Erian, who also serves as President of Queens’ College, Cambridge,…
Cyber Monday Sales Expected to Slow as Shoppers See Fewer Deals
November 29, 2021
admin
AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCompaniescybereconomymondayshopperUSUS NewsWorld
0 Comment
U.S. retailers are estimated to generate online sales of up to $11.3 billion on Cyber Monday, a decline in growth from a year earlier as fewer discounts and limited choices due to global supply chain disruptions deter shoppers. Retailers had also spread out promotional deals across more weeks this year to protect profit margins from…
Travelers Consider Hitting Pause on Holiday Plans as Countries Tighten Border Rules Over Omicron
Would-be travelers around the world are considering hitting the pause button on their holiday plans amid the discovery of the new CCP (Chinese Communist Party) virus Omicron variant, travel agents said on Monday. The new variant of the novel coronavirus was discovered in South Africa, the country’s health minister, Joe Phaahla, announced last Thursday. There is growing concern among scientists…
US Stock Futures, Oil Rebound as Investors Buy Omicron Dip
U.S. stock futures and crude oil prices led a market rebound on Nov. 29 following sharp selloffs in risk assets on Black Friday triggered by Omicron-related headlines, with investor mood seeming more upbeat after top financial firms over the weekend urged no portfolio adjustments in the wake of news of the COVID-19 variant. Futures on…
US Commerce Chief to Make Pitch for Chips Funding in Michigan
November 29, 2021
admin
Business & EconomyBusinesses in COVID-19chipCompanieseconomic policieseconomyGina RaimondoLocal NewsMichiganRegional-Local NewsTechTech NewsUSUS News
0 Comment
WASHINGTON—U.S. Commerce Secretary Gina Raimondo will on Monday make a pitch in Michigan for Congress to approve $52 billion to expand U.S. semiconductor manufacturing even as it continues to review data on the chips market from companies around the world. Raimondo is visiting a United Auto Workers local hall and meeting with Michigan politicians, officials…
Currencies Recover From Omicron Chaos but Analysts Warn More Volatility Ahead
November 29, 2021
admin
AfricaAmericasAsia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusCurrencieseconomic policieseconomyEuropeInternationalMarket WatchMarketsOmicronUKUSUS FeaturesvolatilityWorld
0 Comment
OTTAWA—Currency markets calmed on Monday in Asia after the initial shock of Omicron’s discovery sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new coronavirus strain. The risk-sensitive Australian dollar rose 0.37 percent to $0.7139, recovering after a 1 percent tumble on Friday that saw…
Businesses Urge Calm as Fears Over Omicron Spread in Australia
November 29, 2021
admin
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusInternationalOmicronOmicron variantWorld
0 Comment
Businesses, health experts, and political leaders are urging Australians to stay calm after media focus on the new Omicron variant of COVID-19 fueled fears Australia could see the return of harsh health restrictions. Jennifer Westacott, CEO of the Business Council of Australia said on Nov. 28—the same day that New South Wales (NSW) Health confirmed…
Pandemic Accelerates the Need to Replace Imports With Domestic Goods
More than a year after the CCP (Chinese Communist Party) virus entered the scene, manufacturers are dealing with a very different world and supply chain. As they battle ongoing disruptions, congested ports, and ongoing delays, the idea of sourcing closer to home is gaining interest. “There’s such an initiative now for the reshoring,” says Nicole…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta