And given the strong stock market rally over the past year, some have worried that easy positive catalysts for equities may be running out, with the economic recovery already well under way and a strong earnings season almost in the rearview mirror.
Many market participants are now considering whether the strength of the economic rebound and surge in consumer and business demand will lead to persistently high levels of inflation, prompting officials to ease up on the ultra-accommodative policies that had supported both the economy and asset prices.
“We expect this trend to persist during the reopening of global economies in the second half of this year,” he added.
lawmakers is demanding that airlines refrain from outsourcing jobs if they want to be eligible for a third round of federal payroll aid, after learning that United Airlines has sought bids to outsource catering work at five airports.
The Dow Jones Industrial Average ended at a record high on Wednesday, while Nasdaq gave up its earlier gains and closed in red.
It’s estimated more than 200,000 crew around the world are still stuck on vessels beyond the expiration of their contracts and well past globally accepted safety standards.The program — part of a project by the UN Global Compact — is also expected to be endorsed by the powerful Consumer Goods Forum, a body that counts hundreds of the world’s biggest consumer companies as members, including Coca-Cola Co., Marks & Spencer Group Plc and Nestle SA.“Throughout the pandemic, the world’s seafarers have been set adrift, stranded by Covid-19 restrictions with hundreds of thousands forced to work against their will,” said Stephen Cotton, general secretary of the International Transport Workers’ Federation, the union that represents seafarers.
World Trade Organization members will assess on Wednesday signs of progress in talks on a proposal by South Africa and India to waive patent rights on COVID-19 vaccines in order to boost supply to developing countries.
With their case counts surging, leaders in countries such as India and South Africa have requested a waiver on intellectual property protections in order to boost the production of these life-saving drugs around the world.