NEW YORK (Reuters) – U.S. retail investors have been dip-buyers so far in 2022, snapping up equities that funds have shed from their portfolios in light of a more hawkish Federal Reserve, but with a focus on quality stocks as opposed to speculative names. Growth and technology stocks, which typically generate lower returns in higher-interest …
Continue reading “Time to buy: Retail investors swoop in when stocks falter”
Jan 11 (Reuters) – U.S. stock indexes gained ground on Tuesday with Nasdaq leading the advance as investors were relieved that Federal Reserve Chair Jerome Powell’s testimony to Congress did not include any major surprises. Federal Reserve Chair Jerome Powell, in a congressional hearing that pointed to his likely confirmation for a second term in …
Continue reading “Wall Street closes higher after Powell testimony eases investors’ concerns”
North Korea says it has conducted another hypersonic missile test, under the watch of its leader Kim Jong-un. State media said the missile fired on Tuesday had successfully made a turn before hitting its target in the sea some 1,000km (621 miles) away. It marks North Korea’s third reported test of a hypersonic missile, which …
Continue reading “N. Korea says it launched hypersonic missile, Kim attended”
The United States broke its record for Covid-19 hospitalizations on Tuesday, an influx that is pushing medical workers to the brink after nearly two years spent battling the pandemic. Almost 146,000 hospital beds were occupied with coronavirus patients, a number that surpasses the previous peak of around 142,000 just under a year ago, the Department …
Continue reading “US record breaking cases and hospitalizations”
Major US companies are now pulling back on plans to return to in-person work in light of the Omicron variants rapid spread across America. Employers planning to call remote workers back into the office in the new year are now pausing those efforts, and they are wary of setting new return dates only to push …
Continue reading “Omicron surge puts the brakes on recovery of U.S. companies”
(Reuters) – United Airlines Holdings Inc’s Chief Executive Scott Kirby said on Tuesday that the company had about 3,000 employees who have currently tested positive for COVID-19. In a note sent to employees, Kirby added that the company is reducing its near-term flight schedule. NN: what ever they are doing its not working. Their is …
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Jan 11 (Reuters) – The United States reported 1.35 million new coronavirus infections on Monday, according to a Reuters tally, the highest daily total for any country in the world as the spread of the highly contagious Omicron variant showed no signs of slowing. The previous record was 1.03 million cases on Jan. 3. A …
Continue reading “U.S. reports 1.35 million COVID-19 cases in a day, shattering global record”
SYDNEY (Reuters) – Major share markets made cautious gains on Monday as investors counted down to another U.S. inflation reading that could well set the seal on an early rate hike from the Federal Reserve, lifting bond yields yet further. The explosion in coronavirus cases globally also threatens to crimp consumer spending and growth just …
Continue reading “Stocks, bonds brace for sky-high U.S. inflation, hawkish Fed”
FRANKFURT (Reuters) – Germany will study how reliable rapid antigen tests are in detecting the fast-spreading Omicron variant of COVID-19, Health Minister Karl Lauterbach said on Sunday. “We do not know exactly how well these tests work for Omicron,” Lauterbach said on public broadcasting channel ARD, adding the results of the assessment would become available …
Continue reading “Germany assessing reliability of antibody tests for Omicron – minister”
“Well, today’s jobs report ends 2020 on a sour note. We saw payrolls slow well below expectations and in fact even more sluggish payroll growth than what we saw in November, which we were hoping to see, was a bit of a fluke. On top of that, even though we’ve actually seen a pretty significant …