Shares of technology companies are sharply lower in the United States today, with the tech-heavy Nasdaq Composite falling 2.4% in early-afternoon trading. Inside of the larger tech industry, things are even worse. The WisdomTree Cloud Computing Fund, essentially a way to trade the Bessemer Cloud Index as an aggregate, is off some 5%. The …
NEW YORK — (AP) — Brace for a rude surprise on your winter heating bills. After years of unusually inexpensive levels, the price of natural gas in the United States has more than doubled since this time last year. In Europe and Asia, wholesale prices are more than five times what they were a year …
The Canadian government is invoking a 1977 treaty with the United States to formally commence government-to-government negotiations over the fate of Line 5, a vital petroleum pipeline for Canada that faces a threat of shutdown from the State of Michigan. The move follows a breakdown in court-ordered mediation talks last month between Enbridge Inc. and …
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Major United States stock markets opened lower on Monday as uncertainties continue concerning the two large infrastructure packages in the administration’s spending plan. President Joe Biden is expected to address the nation on the issue later in the day. The Dow Jones fell by 0.15% at 9:30 am ET, led by Microsoft Corp., which dropped …
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Hong Kong A growing power supply crunch in China is triggering blackouts for households and forcing factories to cut production, threatening to slow the country’s vast economy and place even more strain on global supply chains. Companies in the country’s industrial heartlands have been told to limit their energy consumption in order to reduce demand …
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LONDON (Reuters) – A patchwork of campaigns for an extra COVID-19 shot are being rolled out across the European Union even before the region’s drug watchdog rules on whether they are safe and effective. Italy, France, Germany and Ireland have already started to administer booster shots and the Netherlands plans to do so soon but …
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(Bloomberg) — China Evergrande Group and its property-services arm were halted in Hong Kong stock trading amid a report that the developer agreed to sell a controlling stake in the unit to raise much-needed cash. Trading of Evergrande was suspended pending an announcement on a “major transaction,” the developer said Monday in a stock exchange …
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Inflation Could Paralyze Global Policymakers How will the global economy and markets evolve over the next year? There are four scenarios that could follow the “mild stagflation” of the last few months. The recovery in the first half of 2021 has given way recently to sharply slower growth and a surge of inflation well above …
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https://youtu.be/uSQ7pBzlQ3c Surging shopper demand coupled with shipping container shortages and bottlenecks at ports have already triggered tighter supply of products, from cars to shoes. In particular, some of America’s biggest sellers of clothing and shoes cite one catalyst that has compounded the pressure: factory closures in Vietnam stemming from a second wave of the coronavirus …
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Stock market holdings now make up about half of the $109.2 trillion of financial assets that households owned through the second quarter of 2021. The equity share of assets is a 70-year high, according to Bank of America, and a potentially worrying trend if the market’s fortunes shift. Overall U.S. household wealth has never been …
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