World
New omicron XE Covid variant first detected in the UK spreads to Japan as cases rise
As of April 5 2022, 1,125 cases of XE — a new scombinant subvariant — have been identified in the U.K., up from 637 on March 25. Dominic Lipinski | Pa Images | Getty Images Japan has reported its first case of omicron XE — a new Covid-19 strain first detected in the U.K. — […]
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Top strategist says to own stocks in these sectors to beat any recession
David Roche, president of Independent Strategy, warned the economy is entering a “war-cession,” and said markets are underestimating it. Source
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India’s northwest reels under unusual early heat wave
Commuters out in the scorching heat in India on March 30, 2022 in Gurugram, India. An unusually early heat wave brought more extreme temperatures Monday to a large swath of India’s northwest. Parveen Kumar | Hindustan Times | Getty Images An unusually early heat wave brought more extreme temperatures Monday to a large swath of […]
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Japan’s wholesale inflation stays near record on Ukraine war and a weak yen
A customer picks up a snack at a supermarket store in Tokyo, Japan, on Tuesday, July 27, 2021. Japan’s wholesale inflation remained near record-high levels in March as the Ukraine crisis and a weak yen pushed up fuel and raw material costs, data showed on Tuesday Noriko Hayashi | Bloomberg | Getty Images Japan’s wholesale […]
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U.S. State Department orders all non-emergency government staff in Shanghai to leave as Covid surges
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters The U.S. State Department has ordered all non-emergency government staff and their family members in Shanghai to leave as Covid surges and told U.S. citizens to reconsider […]
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Asia-Pacific stocks slip as investors watch China’s Covid situation
SINGAPORE — Shares in Asia-Pacific slipped in Tuesday morning trade, as investors continue monitoring developments surrounding the Covid situation in mainland China. U.S. inflation data is also expected to be out later Tuesday stateside and could provide more clues on the outlook for Federal Reserve policy. The Nikkei 225 in Japan slipped 0.84% as shares […]
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Morgan Stanley says stay disciplined amid volatility, and names ‘cheap’ global stocks to buy
Morgan Stanley has named a raft of “cheap” global stocks to buy, advising investors to stay disciplined on valuations. Source
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Want to be paid in crypto? Here are the rewards — and the risks
There’s no denying that with the Great Resignation, workers are more empowered to seek what they want from their jobs. Other than flexibility and better benefits, a new workplace perk is gaining popularity — the option of being paid in digital currency. According to a global poll by financial consultancy deVere Group, cryptocurrencies could become […]
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Stock futures inch higher ahead of big inflation report
U.S. stock futures inched higher in overnight trading as investors braced for a key inflation report Tuesday. Futures on the Dow Jones Industrial Average gained 30 points or 0.1%, while S&P 500 futures rose 0.09% and Nasdaq 100 futures inched 0.1% higher. The overnight moves come as investors await the release of March’s highly anticipated […]
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Bitcoin falls below $40,000 for the first time in almost a month as investors assess global macro risks
A Bitcoin logo inside a BitBase cryptocurrency exchange in Madrid, Spain, on Thursday, March 17, 2022. Angel Navarrete | Bloomberg | Getty Images The price of stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve. Bitcoin last fell 7% to $40,009.78, according to […]
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