Tag: Businesses in COVID-19

Dollar Dips From 16-Month Highs as Rally Takes a Pause

November 18, 2021
AustraliaBusiness & EconomyBusinesses in COVID-19CanadaCompaniesDollareconomic policiesEconomieseconomyEuropeForexGold & CommoditiesinflationInternationalInvestmentMarket WatchMarketsUKUSUS NewsWorld
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LONDON—The dollar slipped back from a 16-month peak on Thursday, losing ground on the euro and Australian and New Zealand dollars as traders assessed whether the U.S. currency’s recent surge was starting to stall. The dollar has rallied in recent weeks as traders bet on tighter U.S. monetary policy. Stronger-than-expected inflation numbers in the United…

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Global Shares Mixed After US Stocks Fall Back

November 18, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyEuropeglobalGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsSharesstocksUKUSUS NewsUSAWorld
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TOKYO—Global shares were mixed Thursday after stock indexes shuffled lower on Wall Street. France’s CAC 40 edged up nearly 0.2 percent in early trading to 7,167.47. Germany’s DAX gained 0.2 percent to 16,275.17. Britain’s FTSE 100 fell 0.2 percent to 7,277.41. The future for the Dow industrials was trading 0.2 percent higher, while the future…

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ECB Sees Rising Risk That Housing Bubble Will Burst

November 18, 2021
Business & EconomyBusinesses in COVID-19EconomiesEuropehousing marketincreaseinflationMarketsWorld
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FRANKFURT—The eurozone housing market is heating up, increasing the chances of a correction in both the residential and commercial segments, the European Central Bank said in a stability report on Wednesday. With families building up savings during pandemic and increasingly working from home, demand for property is on the rise, pushing house price growth to…

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Biden Asks FTC to Probe Energy Companies for Possible ‘Illegal Conduct’ as Gas Prices Soar

November 17, 2021
anti-competitiveBusiness & EconomyBusinesses in COVID-19CompaniesEconomieseconomyExecutive BranchFTCgas pricesMarketsPoliticsUSUS News
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President Joe Biden has called on the Federal Trade Commission (FTC) to probe possible anti-competitive or “illegal conduct” by oil and gas companies that may have pushed up prices at the pump, drawing a critical reaction from a major oil lobby that blamed the president’s policies for stifling American energy production. Biden said in a…

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Pfizer, BioNTech, Moderna Making $1,000 Every Second From COVID-19 Vaccines: People’s Vaccine Alliance

November 17, 2021
BioNTechBusiness & EconomyBusinesses in COVID-19CCP VirusCOVID-19 VaccinesInternationalModernaPfizerVaccines & SafetyWorld
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Pfizer, BioNTech, and Moderna are making thousands of dollars in combined profits every minute from their COVID-19 vaccines, while less than 1 percent of each company’s doses have gone to the world’s poorest countries, according to a new analysis by the People’s Vaccine Alliance (PVA). PVA, a coalition of organizations campaigning for wider access to COVID-19 vaccines, based its calculations…

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Nearly 1 in 5 American Homes Bought by Investors in Last Quarter Sales

November 16, 2021
Business & EconomyBusinesses in COVID-19Economieseconomyhome ownershiphome pricesinflationInvestmentMarketsmortgagereal estaterentUS
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Almost 1 in every 5 American homes sold in the third quarter of this year was bought by an investor entity rather than an individual looking to live in or rent out the home, according to data from Redfin, a brokerage. Investors snatched up more than 90,000 houses totaling more than $63 billion, representing 18…

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Investors Bought Nearly 1 in 5 American Homes Sold in 3rd Quarter

November 16, 2021
Business & EconomyBusinesses in COVID-19Economieseconomyhome ownershiphome pricesinflationInvestmentMarketsmortgagereal estaterentUS
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Almost one in every five U.S. homes sold in the third quarter of 2021 was purchased by an investor entity, rather than an individual looking to live in or rent out the residence, according to data from Redfin, a real estate brokerage. Investors bought more than 90,000 houses totaling more than $63 billion, representing 18…

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Bullard Says Fed Should Tack ‘Hawkish’ in Next Couple of Meetings

November 16, 2021
Business & EconomyBusinesses in COVID-19economic policiesEconomieseconomyFedinflationJames BullardmeetingsUSUS NewsUSA
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WASHINGTON—The U.S. Federal Reserve should “tack in a more hawkish direction” over its next couple of meetings to prepare in case inflation does not begin to ease, St. Louis Federal Reserve bank president James Bullard said on Tuesday. “If inflation happens to go away we are in great shape for that. If inflation doesn’t go…

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US Manufacturing Output Races to 2–1/2-Year High

November 16, 2021
Business & EconomyBusinesses in COVID-19CompaniesEconomieseconomymanufacturingoutputUSUS NewsUSA
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WASHINGTON—Production at U.S. factories rebounded more than expected in October as the drag from Hurricane Ida faded and motor vehicle output picked up, but manufacturing continues to be constrained by shortages of raw materials and labor. Manufacturing output surged 1.2 percent last month to its highest level since March 2019, after falling 0.7 percent in…

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Germany’s Largest Port Sees Volatile Transport Chains for Rest of Year

November 16, 2021
Business & EconomyBusinesses in COVID-19chainsEconomiesEuropeGermanyhamburgInternationalportTransportWorld
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BERLIN—Europe’s third largest harbour, the German Port of Hamburg, reported a 2.9 percent hike in sea cargo in the first nine months of 2021 on Tuesday but warned that global transport chains would remain volatile for the rest of the year. Global trade has been marred by logjams in container ports caused by disruptions from…

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