Asian stock markets are mostly higher on Wednesday despite the lackluster cues overnight from Wall Street. The markets continue to be optimism about higher fiscal stimulus and the global economic recovery as U.S. bond yields moved lower for the third straight session and lower crude oil prices. Asian stocks broadly closed lower on Tuesday. The Australian stock market is rising […]
Read moreARK Invest Cathie Wood said bitcoin could become part of a standard investment portfolio with a 20% allocation. She said institutional interest was picking up and that bitcoin will become a "better accepted new asset class." Wood also told CNBC that she remains confident about Tesla despite its recent plunge. Sign up here for our daily newsletter, 10 Things Before […]
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Story Highlights 15 states have already enacted legislation to make daylight saving time year-round. "With all that’s going wrong in the world, let’s at least make the clocks work." The U.S. first implemented daylight saving during World War I as a way to conserve fuel. Love it or hate it, our annual ritual of early March – changing our clocks […]
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All eyes are on Buckingham Palace on Tuesday following the bombshell interview given by Prince Harry and the Duchess of Sussex to Oprah Winfrey. Explosive allegations were made of racism within the palace and a lack of support from the royal family over mental health issues and media intrusion. So far, there has been a wall of silence from the […]
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It will probably come as no surprise that the COVID-19 pandemic has been good for the alcoholic beverage trade. We’re anxious, depressed, stuck at home — and increasingly able to get beer, wine, spirits, and even pre-made cocktails delivered to our door. Among other things, many jurisdictions now allow restaurants to include alcohol in their takeout orders — and Uber […]
Read moreAlex Wong/Getty Images The OECD ramped up its growth forecast for the US economy in 2021 to 6.5% from 3.2% in December. It said the $1.9 trillion stimulus package “will provide a significant near-term boost to activity.” The organization upped its global growth forecast for 2021 to 5.6% from 4.2% in December. Sign up here for our daily newsletter, 10 […]
Read moreDetailed data released this week by the U.S. Department of Health and Human Services illustrates just how much the nation’s hospitals have recovered from the COVID-19 pandemic’s third wave. “Overall we are seeing the numbers of COVID patients in our hospitals at the lowest levels in more than a year,” said Bart Buxton, CEO of McLaren Health Care in Michigan, in […]
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“Bitcoin uses more electricity per transaction than any other method known to mankind, and so it’s not a great climate thing.” That was what Bill Gates recently told me. At a time when companies and investors increasingly say they are focused on climate and sustainability issues, some of them may be about to collide with the reality of another financial […]
Read moreMediterranean Food Inc. is recalling certain “Alqosh Sesame Oil” citing the potential to be contaminated with Salmonella, the U.S. Food and Drug Administration said. The affected Alqosh Sesame Oil “Tahin” comes in a 2Lb, clear plastic jar marked with lot # 16082020 on the side of the jar and with a Production date of 08/16/2020 stamped on the side. The […]
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