Germany was once looked upon as a best example of how to deal with the coronavirus. Now, it is recording close to 50,000 new Covid cases a day, prompting a dire warning of a dramatic rise in fatalities during the fourth wave of Covid, as the delta variant spreads as …

Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …

Oil prices are consolidating on Thursday ahead of the U. S. open, with front-month futures contracts of the American benchmark for WTI, swinging either side of the $81.00 per barrel mark. Subdued trading conditions are not too surprising given thin liquidity conditions in U. S. markets, Thursday’s consolidation comes after …

U. S. Monthly deficit shrank versus 2020, as government collected more revenue and pulled back on spending.As lawmakers prepare for another hike in the debt ceiling, it remains important to explain why it is economically feasible for the U.S. to keep borrowing, as long as interest rates stay low, partly …

The European Commission raised its growth forecast for the year for the 19 countries using the euro, saying Thursday that the economy was bouncing back from the worst of the coronavirus pandemic as people went back to work in consumer-facing jobs.However, the EU’s executive branch lowered its outlook for next …

A strong blow has beaten Britain’s hopes to grab a slice of the market for electric vehicle batteries after one of the biggest chemical companies said it would give up on developing the technology.Johnson Matthey, a member of the FTSE 100, announced plans on Thursday to exit the battery materials …

Global shares were mixed Thursday over a worrying report on U.S. inflation, released Wednesday, that slammed into the bond market and knocked stocks lower on Wall Street.France’s CAC 40 edged up 0.1% to 7,050.48 in early trading, while Germany’s DAX lost 0.2% to 16,033.55. Britain’s FTSE 100 added 0.3% to …

U. S. shares opened mostly higher on Wall Street Thursday a day after a surge in inflation knocked the market lower. Big tech companies had some of the strongest gains in the early going. The S&P 500 was up 0.2% and the tech-heavy Nasdaq rose 0.7%.The Dow Jones slid 0.2%, …

Market Drivers – U. S. Session – 10/11/2021 Having earlier showed readiness to fight inflation, U. S. President Joe Biden reiterated, Wednesday, that the consumer prices remained too high during early Thursday morning in Asia. “People remain unsettled about economy due to higher prices”, added Biden. He also said “I’m …

General Motors Co is seeing a better flow of semiconductors, and most of its assembly plants in North America are now back to running regular production, including Mexico, according to GM spokesperson.