A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Companies are gearing up for an era in which Covid-19 isn’t the primary driver of how people spend their money. The big question: As the coronavirus situation improves in countries like the United States, which […]
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What does inflation do to stock prices? Stocks are reacting negatively this week to modestly higher inflation figures, but it's not at all clear that the current figures are a long-term negative for stocks. Higher inflation is usually looked on as a negative for stocks because it increases borrowing costs, increases input costs (materials, labor), and reduces standards of living. But […]
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NEW YORK (Reuters) – U.S. stocks extended their recovery on Friday as investors set aside inflation worries and bought shares hammered by the week’s volatility, with the shift back into riskier assets dragging on the dollar.FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh AndradeThe jump […]
Read more* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates prices, adds graphic) LONDON, May 14 (Reuters) – Sterling was on track for a second week of gains against the dollar on Friday, consolidating above $1.40 as the U.S. currency took a breather from a recent rally. The pound is up 1.8% against […]
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BENGALURU (Reuters) – Indian drugmaker Dr. Reddy’s Laboratories Ltd said on Friday it expects to get 36 million doses of Sputnik V COVID-19 vaccine in the next couple of months under its contract with Russia’s sovereign wealth fund.FILE PHOTO: A medical specialist holds a vial of Sputnik V vaccine against the coronavirus in a department store in Moscow, Russia, January […]
Read moreBiden delivers remarks on the Colonial Pipeline incident President Biden delivers remarks on the Colonial Pipeline incident. Colonial Pipeline Co. likely paid more than $4 million to hackers in order to get its pipeline back up and running. "The payments have been made to the terrorists," billionaire John Catsimatidis, told FOX Business’ Maria Bartiromo on Thursday morning. "I understand from […]
Read moreMarket ‘bullish’ after CDC says vaccinated people don’t need masks: Delancey Strategies president Delancey Strategies president Jared Levy and Key Advisors Group CEO Eddie Ghabour on how to invest in the market amid the latest CDC guidance and inflation fears. U.S. equity futures are pointing to a higher open ahead of the final trading session of the week. The major […]
Read moreBiden on being briefed on Colonial Pipeline ransom: ‘No comment’ President Biden is asked a question regarding whether or not he was briefed on Colonial Pipeline paying hackers a ransom. Treasury Secretary Janet Yellen may soon say I told you so. Colonial Pipeline, according to reports, paid ransomware hackers between $4-5 million in cryptocurrency which is untraceable. This after "Eastern […]
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FILE PHOTO: A medical worker in a protective suit collects a swab sample from a middle school student during a mass nucleic acid testing following a recent coronavirus disease (COVID-19) outbreak in Xingtai, Hebei province, China January 6, 2021. China Daily via REUTERS/File PhotoSHANGHAI (Reuters) -Mainland China reported seven new COVID-19 cases on May 13, including its first local transmissions […]
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