COVID-19
1980s-era rate hikes designed to fight inflation will create more market turmoil, Canaccord’s Tony Dwyer predicts
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “Typically, I’ve been bullish over the years. But there’s a money availability problem,” the firm’s chief market strategist told CNBC’s “Fast Money” on Monday. “Ultimately, you have […]
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The California exodus continues as residents head south of the border
More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington. And a rising number of former Californians are migrating out of the country altogether and are instead heading south of the border. Many are seeking a more relaxed and […]
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This Covid wave might be the start of our ‘new normal,’ experts say—here’s what you need to know
Packed indoor events and fully booked flights where masks are few and far between suggest that the pandemic is a distant, unpleasant memory. In reality, Covid-19 cases have steadily increased nationwide since the end of March. Hospitalization and death rates remain low, and will likely stay that way. But beyond that, many experts say they’re […]
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Why Californians are fleeing to Mexico
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email In 2021, more than 360,000 people left California in what many are calling the “California Exodus” as residents move to states like Texas, Arizona and Washington. But a rising number of them are migrating out of the country and instead, heading south […]
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OECD slashes global growth prediction on Ukraine war and China’s zero-Covid policy
The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 — a 1.5 percentage point downgrade from a projection done in December. Nurphoto | Nurphoto | Getty Images The Organization for Economic Cooperation and Development has become the latest international institution to cut its predictions for global growth this year. […]
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Even if oil hits $150 a barrel, J.P. Morgan’s Marko Kolanovic predicts stocks will reclaim 2022 highs
J.P. Morgan’s Marko Kolanovic predicts oil is surging higher — but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believes the U.S. economy is strong enough to handle oil prices as high as $150 a barrel. “There could be some potential further spikes in oil, […]
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As one of Asia’s global hubs moves to reopen, another remains mired in restrictions
People queue up for Covid-19 nucleic acid tests on April 28, 2022 in Hong Kong. While Singapore has steadily moved to reopen in recent months, Hong Kong remains mired in restrictions that critics say are costing it business and talent, with Singapore a prime beneficiary. Chen Yongnuo | China News Service | Getty Images When […]
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South Korea to lift quarantine requirement for non-vaccinated foreign arrivals
Arriving passengers are assisted by quarantine workers in an arrival hall at Incheon International Airport in Incheon, South Korea, on Monday, March 21, 2022. South Korea’s prime minister on Friday said the country will lift its quarantine requirement for foreign arrivals without vaccination from June 8 and also start lifting aviation regulations imposed for international […]
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Malaysia will, barring some caveats, ‘absolutely not’ close its borders again, says health minister
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Khairy Jamaluddin, Malaysia’s health minister, says the country must send a signal to the world that it’s open for business and isn’t backtracking on that. Source
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China’s factory activity falls at slower pace as Covid curbs ease
An employee operates a spinning machine at a textile factory on May 26, 2022 in China. China’s factory activity contracted at a slower pace in May as Covid-19 curbs in major manufacturing hubs were relaxed, but movement controls still depressed domestic demand, restrained production and weighed on the economy in the second quarter. Zhu Haipeng […]
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