LONDON—Food delivery company Deliveroo upgraded its full-year growth forecast on Wednesday after the gross value of its orders in the third quarter increased 58 percent year-on-year, despite lockdown measures easing in most of its markets. The British company, which had performed strongly during lockdowns, said it expected its gross transactional value to rise by 60–70…
Dollar Dips as Risk Sentiment Improves, Bitcoin Hits Record High
October 20, 2021
admin
Asia & PacificAustraliabitcoinBusiness & EconomyCanadaCompaniesDollarEconomieseconomyEuropeHighInternationalInvestmentLocal NewsMarketsNew YorkNY NewsRECORDRegional-Local NewsrisksentimentUKUSUS NewsWorld
0 Comment
NEW YORK—The dollar dipped on Wednesday as risk sentiment improved and as investors focused on rising commodity prices and when global central banks are likely to begin hiking interest rates to fend off persistently high inflation. The greenback hit a one-year high against a basket of other currencies last week as market participants ramped up…
Fed’s Waller: ‘More Aggressive’ Response May Be Needed If Inflation Stays High
WASHINGTON—If inflation keeps rising at its current pace in coming months rather than subsiding as expected, Federal Reserve policymakers may need to adopt “a more aggressive policy response” next year, Fed Governor Christopher Waller said on Tuesday. For now, Waller said in remarks to the Stanford Institute for Economic Policy Research, he continues to believes…
Shipping Containers from Stranded Ships Abandoned in California Neighborhoods
October 20, 2021
admin
Business & EconomyCaliforniaEconomieseconomyLocal NewsLos AngelesRegional-Local NewsShipping Containersshipping crisisSouthern CaliforniaUSUS News
0 Comment
Shipping containers stranded for weeks at sea are now reportedly being abandoned in California neighborhoods. Anaheim Street in Los Angeles has become one of the locations where an overflow of empty containers now line local streets, as nearby UCTI Trucking deals with more than they can handle under the local port’s 24/7 operations. “It’s a…
Fed’s Bowman Says US Labor Market Could Struggle to Return to Pre-Pandemic Levels
The obstacles making it difficult for many women to work, combined with an increase in retirements, could hinder the labor market recovery and be a drag on the U.S. economy, Federal Reserve Governor Michelle Bowman said on Tuesday. Women with young children left the labor force at a higher rate than other workers and some…
Inflation Trade? Nestle Reaps Benefits From Higher Prices
ZURICH—Nestle raised its full-year sales target on Wednesday after the world’s largest food group reaped the benefits of price hikes on its products ranging from pet food to bottled water with a forecast-beating third quarter. The Switzerland-based firm, whose shares rose more than 3 percent, has moved ahead of other consumer companies in passing on…
Futures Flat on Worries Over Supply Chain Disruptions; Netflix Falls
October 20, 2021
admin
Business & EconomychainCompaniesDisruptionsEconomieseconomyflatfuturesInternationalInvestmentLocal NewsMarketsMedia & Big TechNetflixNew YorkRegional-Local NewssupplyTexasUSUS NewsWorld
0 Comment
U.S. stock index futures were flat on Wednesday as investors weighed the impact of supply chain constraints and inflation on corporate earnings, while Netflix shares remained sluggish after its quarterly report. Netflix’s global sensation “Squid Game” helped lure more customers than expected, the world’s largest streaming service said as it predicted a packed lineup would…
EU Starts Debate on Budget Rules Amid High Debt, Investment Needs
BRUSSELS—The European Commission opened a debate on Tuesday on how to reform the European Union’s fiscal rules to deal with a pandemic-induced surge in public debt. “We are relaunching this review of our economic governance against a backdrop of enormous investment needs,” European Economic Commissioner Paolo Gentiloni said. “At the same time, the powerful fiscal…
Bundesbank Chief Weidmann Quits Early With One Last Inflation Warning
FRANKFURT—Bundesbank President Jens Weidmann, a relentless critic of the European Central Bank’s ultra easy monetary policy, will step down more than five years early, opening the door for Germany’s new government to pick a less confrontational successor. Weidmann said he would leave for personal reasons on Dec. 31, just days after the ECB must make…
Zillow to Stop Buying New Homes for the Rest of the Year as It Struggles to Manage Backlog in Renovations
October 20, 2021
admin
Business & EconomyCompaniesconstruction industryCOVID-19 pandemicEconomieseconomylabor shortagesnew homesreal estateUSUS News
0 Comment
Online real estate marketplace Zillow on Monday announced it will stop buying new homes for the rest of the year due to a backlog in renovations and operational capacity constraints. The company’s Chief Operating Officer, Jeremy Wacksman, said in a statement that Zillow will not be signing any new, additional contracts to buy homes through the end…
-
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