Tag Archives: COVID-19

Markets staged a considerable comeback on Tuesday, with all three major averages up more than 1% as investors weighed news of federal involvement to mitigate Omicron and imminent authorization of an at-home Covid-19 treatment.In a turnaround from earlier losses, the Dow rallied more than 500 points during intraday trading, up …

The pandemic remained a major force influencing growth in the US economy in 2021. But as vaccinations picked up and stay-at-home orders began to be lifted, the economy took considerable steps to recove throughout the year.Despite being behind pre-pandemic levels on many major metrics, on other metrics, and notably on …

Data released on Tuesday showed Retail Sales rose in Canada 1.6% in October, above expectations. According to analysts at the National Bank of Canada, the rebound at car dealers helps lift retail sales further above pre-crisis level. Analysts also see October’s retail sales report heralding a strong end of the …

European stocks tracked a global market rebound Tuesday, boosted by hopes that vaccines will work to stem the tide of surging omicron cases. However, a brewing energy crisis appeared to loom with a key Russian pipeline reversing course and raising questions about whether politics were behind the reversal.The Stoxx Europe …

UK Prime Minister Boris Johnson is set to make an announcement on whether or not England will go into a circuit breaker lockdown or not within the next 48 hours, according to The Sun newspaper. The UK government has so far resisted imposing new restrictions ahead of the holidays even …

Oil prices rose today, Tuesday, despite the continued concern of investors about the rapid spread of the Omicron virus globally, which prompted countries to consider more restrictions that are likely to affect the demand for fuel. Brent crude futures rose by $1, or 1.45%, to record in contracts for February …

The US Congress, Monday, approved legislation to raise the debt ceiling by $2.5 trillion, in a move that is described as preemptive to any threat of a federal default until at least 2023. The federal government has never defaulted on debt payments.One Republican and all Democrats in the House voted …

Tesla slid 3.5% on Monday, closing at USD 899.94. That put the shares below where they had closed right before the $4.2 billion Hertz deal was revealed on 25 October.The shares which peaked on 4 November was down 21% in December, poised for the worst month since the pandemic erupted.Hertz’s …

Oil prices slumped on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions to combat its spread could dent fuel demand.Brent crude futures fell $2, or 2.7%, to settle at $71.52 a barrel, while US WTI crude futures …

The Australian dollar drops as the Wall Street session approaches the end, down BY 0.14%. The US 10-year Treasury yield has reclaimed the 1.40% threshold, underpinning the US dollar.During the New York session, the AUD/USD edges lower, trading at 0.7111. The market sentiment remains downbeat because of the Omicron outbreak …