Tag: Businesses in COVID-19

Tyson Foods Sees Upbeat Sales as Meat Prices, Restaurant Demand Jump

November 15, 2021
Business & EconomyBusinesses in COVID-19CompaniesdemandEconomieseconomymeatRestaurantsalesTysonUSUS News
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Top U.S. meatpacker Tyson Foods Inc. beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that have reopened after COVID-19 restrictions. The Springdale, Arkansas-based company reported a double-digit jump in sales and earnings in the fiscal fourth-quarter ended Oct. 2. “We…

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Japan Looking to Beef Up Chip, Storage Battery Sectors as Part of Stimulus Plan

November 15, 2021
Asia & PacificbatteryBusiness & EconomyBusinesses in COVID-19chipCompanieseconomic policiesEconomiesJapanplanstimulusstorageTechTech NewsWorld
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TOKYO—Japan’s economic stimulus package will feature a plan to urgently strengthen the chip industry while the government will also formulate a strategy for storage batteries, trade minister Koichi Hagiuda said on Monday. Hagiuda unveiled the plan days before Prime Minister Fumio Kishida is set to announce a stimulus package worth “several tens of trillion yen”…

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Futures Rise on Tech Strength; Tesla Extends Losses

November 15, 2021
Business & EconomyBusinesses in COVID-19Companieseconomic policiesEconomieseconomyfuturesGold & CommoditiesinflationInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstrengthTechteslaUSUS News
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U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending. The three major Wall Street indexes had fallen between 0.3 percent and 0.7 percent last week on concerns over high inflation and weakening…

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Wall Street Supported by Tech; Tesla Extends Losses

November 15, 2021
Business & EconomyBusinesses in COVID-19Companieseconomic policiesEconomieseconomyGold & CommoditiesinflationInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstrengthTechteslaUSUS NewsWall Street
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U.S. stock indexes were buoyed by technology stocks on Monday as concerns over rising inflation saw investors shift to economically resilient sectors ahead of major retail earnings and data this week. The S&P technology and communication services sectors were the best performers in early trade, adding 0.4 percent and 0.6 percent, respectively, while Meta Platforms…

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COVID-19 Pandemic Key to Rising Inflation and Must Be Controlled to Bring Levels Down: Yellen

November 15, 2021
AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCOVID-19economyinflationpandemicUSUS News
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Treasury Secretary Janet Yellen said Sunday that the COVID-19 pandemic is a key factor in rising inflation and that controlling the virus is paramount to getting inflation levels down. Asked whether she believes prices for the average American will be down by next November, Yellen told CBS’s “Face the Nation” that it “really depends on the pandemic.” “The pandemic has…

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Japan’s Economy Shrinks More Than Expected as Supply Shortages Hit

November 15, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyinflationInternationalJapanshortagessupplyWorld
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TOKYO—Japan’s economy contracted much faster than expected in the third quarter as global supply disruptions hit exports and business spending while new COVID-19 cases soured the consumer mood, undermining efforts to stoke a virtuous growth cycle. While many analysts expect the world’s third-largest economy to rebound this quarter as virus curbs ease, worsening global production…

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Pledging to Retain Stimulus, BOJ’s Kuroda Projects Inflation Near 1 Percent Mid-Next Year

November 15, 2021
Asia & PacificbankBusiness & EconomyBusinesses in COVID-19Companieseconomic policiesEconomiesGold & CommoditiesHaruhiko KurodainflationInternationalJapanTechTech NewsWorld
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TOKYO—Bank of Japan Governor Haruhiko Kuroda expects inflation to accelerate to around 1 percent in the first half of next year as the economy recovers to pre-coronavirus levels, pledging to maintain ultra-easy policy in hopes of a consumption-driven recovery. With inflation still short of its 2 percent target, the BOJ will maintain its “powerful” monetary…

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Dollar Eases From 16-Month High as Traders Seek Clues on Fed Rate Plans

November 15, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese RegimeCompaniesDollareconomic policiesEconomieseconomyEuropeExecutive BranchFedGold & CommoditiesinflationInternationalInvestmentMarket WatchMarketsPoliticsratetradersUKUSUS NewsWorld
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LONDON—The dollar eased on Monday from an almost 16-month high versus major peers, as traders awaited fresh clues on Federal Reserve interest rate hike plans on the back of red-hot inflation. The dollar had been buoyant since Wednesday, when data showed U.S. consumer prices rose last month at the fastest annual pace since 1990, casting…

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Asian Shares Higher as Japan Says Economy Shrank in Third Quarter

November 15, 2021
Asia & PacificasianBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese RegimeCompanieseconomic policiesEconomieseconomyGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentJapanLocal NewsMarket WatchMarketsNew YorkRegional-Local NewsSharesTexasUSUS NewsWorld
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Shares advanced in Asia on Monday as plans for stimulus in Japan overshadowed news that its economy contracted in the last quarter. Investors are awaiting the outcome of a virtual meeting between President Joe Biden and Chinese President Xi Jinping. Benchmarks rose in Tokyo, Sydney, Hong Kong, and Seoul but fell in Shanghai. Japan reported…

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Labor Force Participation ‘Quite Depressed’ Versus Pre-Pandemic Levels, Yellen Says

November 13, 2021
Business & EconomyBusinesses in COVID-19CompaniesCOVID-19depressedEconomieseconomyJanet YellenlaborpandemicparticipationUSUS News
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U.S. Treasury Secretary Janet Yellen said on Friday that labor force participation was “quite depressed” compared to pre-pandemic levels. “When we really get control of the (COVID-19) pandemic, I think labor supply will go back to normal,” Yellen told CBS’ “Face the Nation” in an interview on Friday. Yellen said there were several reasons for…

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