Worries about a new strain of the virus, named Omicron and classified by the World Health Organisation as a variant of concern, slammed markets worldwide and dealt the S&P 500 index its biggest one-day percentage loss in nine months. At least, investors said signs that the new strain is spreading and questions over its resistance […]
“With Europe and some northern parts of the U.S. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. …Read the full story
Nov 26 – U.S. Cruise operators Carnival Corp, Royal Caribbean Cruises and Norwegian Cruise Line each plunged more than 10%, while shares in United Airlines, Delta Air Lines and American Airlines also tumbled. Energy, this year’s best performing sector, dropped 4% on the day, its biggest decline in more than eight months, as crude prices […]
“This is devastating for the tourism sector which was hoping for a bumper December as borders had opened up. The country’s dollar-denominated bonds came under pressure with the 2041 issue dropping 2.3 cents to trade at 100.274 cents, Tradweb data showed. Markets are currently expensive and interest rate rises and inflation fears were taking the […]
Scientists said the variant, detected in South Africa, may be able to evade immune responses. European countries expanded COVID-19 booster vaccinations and tightened curbs overnight. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. …Read the full story
“A new Covid wave is leading investors to fly to safety, provoking yields to drop roughly 10 bps across the whole US yield curve. “But investors are prone to shoot first and ask question later and not stand in the way of these sorts of position unwinds. If the new variant does deliver its potential […]
WASHINGTON, Nov 23 – The administration of U.S. Crude oil prices recently touched seven-year highs, and consumers are feeling the pain. India, meanwhile, said it would release 5 million barrels, while Britain said it would allow the voluntary release of 1.5 million barrels of oil from privately held reserves. China, the world’s largest crude importer, […]
Many investors had hoped that Powell, who was nominated as chair by President Donald Trump in 2017, would be renominated by Biden for another four-year stint. Powell’s current term, which is due to run out in February 2022, has proven positive for risk assets, with the S&P gaining 69.7% since his appointment on Feb. 12, […]
An aerial view shows an oil factory of Idemitsu Kosan Co. “We … The dollar index , meanwhile, held near a 16-month high on Tuesday after Federal Reserve Chair Jerome Powell was picked for a second term, reinforcing market expectations that U.S. Reuters, the news and media division of Thomson Reuters, is the world’s largest […]
“The market is nervous. While Brainard may have been a fine choice, the markets would not know what to expect from her even though the general consensus was that it meant lower rates for longer,” said Randy Frederick, managing director of trading and derivatives at Charles Schwab in Austin, Texas. The S&P 500 banks index […]
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. …Read the full story
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. …Read the full story
An employee works on bitcoin mining computers at Bitminer factory in Florence, Italy, April 9, 2018. MELBOURNE, Nov 17 relies mainly on renewables, especially water, for its electricity-sucking operations. Part of the backlash, however, relates to the astonishing levels of power required – currently around 119 terawatt hours annually, according to Cambridge University estimates, or […]
It was off the day’s low of $58,400 but is down about 12% from the record high of $69,000 set on Nov. While profit-taking after the massive run-up in prices was emerging as the biggest factor, analysts pointed to other reasons behind the more cautious sentiment, such as bitcoin’s blockchain upgrade last weekend, higher U.S. […]
For an additional 0.37 Mexican pesos per kilometer, they can contribute towards the purchase of carbon credits for reforestation projects and a wind farm in Oaxaca to offset the emissions caused by their rides. Uber’s own climate report last year said the company avoided buying offsets as a primary strategy, instead emphasizing subsidies for its […]
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. …Read the full story
Bitcoin fell to $60,350 at its lowest for the day, taking losses from a record high of $69,000 struck on Nov. “There is a lack of news and this is some pure selling of spot and some additions of short selling. It went through a major upgrade, called Taproot, on Sunday that enables its blockchain […]
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. …Read the full story
The enhancement, called Taproot, is the most significant change to the bitcoin protocol since the SegWit block capacity change in 2017. The run-up to Taproot’s activation has spurred, in part, a rally in bitcoin, pushing it to an all-time high of $69,000 on November 10. However, at its core, the upgrade introduces a new digital […]
It’s from Hogwarts, the school for wizards, and it is addressed to a certain “Mr H. But for a generation of other creative professionals it was also the beginning of a long, fantastical journey, building author J.K. Filmgoers these days are used to seeing fantastical worlds conjured up with computer-generated imagery. With child actors being […]