Vermont reports higher than ever COVID-19 case rates, state health officials have been trying to understand why. How can a state that did so well during the first part of the pandemic — even garnering national recognition — be doing so much worse now? “There is not one simple answer,” said Vermont Health Commissioner Dr. …
TORONTO (Reuters) – Canada’s coronavirus epicenters are shifting from dense urban zones to more rural or remote areas that have lower vaccination rates and fewer public health resources. Some of those areas were spared in earlier waves of the pandemic and are now forced to contend with a widely spreading virulent strain of the coronavirus …
The API inventory report on Tuesday showed a crude oil inventory decrease that sent prices upward. But WTI fell on Wednesday after the EIA reported the opposite on Wednesday—a crude oil inventory increase. The price dip, triggered by data supplied by the government-run Energy Information Administration, a strong dollar that makes U.S. oil costlier for …
Continue reading “WTI Crude Slides As Inflation Fears Spook Traders”
MOSCOW (Reuters) -Belarusian leader Alexander Lukashenko on Thursday raised the possibility he could shut down the transit of natural gas to Europe via Belarus in retaliation against any new European Union sanctions imposed over his country’s handling of migrants. The EU on Wednesday accused Belarus of mounting a “hybrid attack” on the bloc by encouraging …
Continue reading “Lukashenko: Belarus will retaliate against any new EU sanctions, could cut gas”
AMSTERDAM (Reuters) – The main Dutch pandemic expert advisory panel recommended on Thursday imposing Western Europe’s first partial lockdown since the summer, putting pressure on the government to take drastic and unpopular action to fight a COVID-19 surge. Caretaker Prime Minister Mark Rutte’s government is expected to take a decision on Friday on new measures …
* Bondholders receive overdue coupon payments – source * Chinese property shares, bonds stage relief rally * Broader liquidity concerns remain, more debts coming due SINGAPORE/HONG KONG, Nov 11 (Reuters) – Cash-strapped developer China Evergrande Group averted a destabilising default at the last minute for the third time in the past month, with a source …
Continue reading “Evergrande dodges default again but sector debt concerns remain”
Stocks were falling Wednesday after recent consumer price data revealed that prices had risen to their highest level in three decades. The Dow Jones Industrial Average fell 257 points, or 0.71%, to 36,062, the S&P 500 slipped 0.97%, while the tech-heavy Nasdaq was down 1.85%. On Tuesday, stocks snapped their record winning streak of eight …
Continue reading “Dow falls 200 pts at close after downbeat inflation data”
U.S. crude inventories rose by 1 million barrels in the most recent week, short of estimates for a 2.1 million build in crude stocks, but still countering Tuesday’s API data that showed a surprising drop in stocks. The market has been strong in recent days, buoyed by rising economic data and OPEC’s decision to maintain …
Continue reading “Oil prices dip after U.S. inventory report”
Inflation Surges To 31-Year High of 6.2% In October, Testing Fed Inflation in the US, as measured by the Consumer Price Index (CPI), surged to 6.2% on a yearly basis in October from 5.4% in September, the US Bureau of Labor Statistics reported on Wednesday. This print surpassed the market expectation of 5.3% by a …
Continue reading “US inflation AT a WHOPPING 6.2% in October”
(Bloomberg) — Treasury Secretary Janet Yellen repeated her view that elevated U.S. inflation won’t persist beyond next year and said the Federal Reserve will act if needed to prevent a rerun of 1970s-style price rises.nnnn “I’d expect price increases to level off, and we’ll go back to inflation that’s closer to the 2% that we …