Day: December 4, 2021
These 4 states pay unemployment benefits to unvaccinated workers who were fired
Xavier Lorenzo | Moment | Getty Images Some states are making it easier for Americans to collect unemployment benefits if they’re fired for being unvaccinated against Covid-19. The governors of Florida, Iowa, Kansas and Tennessee signed laws in recent weeks that change eligibility rules for jobless benefits. Workers in these states who lose a job …
These 4 states pay unemployment benefits to unvaccinated workers who were firedRead More
Swiss Franc and Yen Surged after Fed Powell Stirred Up Omicron-Nervous Markets
Just as the world is concerned and confused with the newly discovered Omicron, Fed Chair Jerome Powell stirred up the markets further, by talking up faster tapering. The biggest reactions were found in US treasury yields on strong safe-haven flows. Major stocks indexes also turned sharply lower, solidifying the case of medium term correction. In …
Swiss Franc and Yen Surged after Fed Powell Stirred Up Omicron-Nervous MarketsRead More
Weekly Economic & Financial Commentary: Powell Hints at Earlier Taper, but Payroll Miss & Omicron Variant Loom Large
Summary United States: Powell Hints at Earlier Taper, but Payroll Miss & Omicron Variant Loom Large This week was bustling with economic news as tensions mounted surrounding the breakout of the Omicron variant. The changes in tone in Powell’s comments during his testimony before Congress have economists and markets on high alert for the December …
The Weekly Bottom Line: Supply Issues Easing, But Omicron Looms
U.S. Highlights The ISM manufacturing index showed signs of easing supply chain conditions. Supplier delivery times shortened while production, employment and new orders indexes all increased. This week’s payrolls report left something to be desired, but a pop in household employment and a rise in the labor force participation rate are welcome signs of a …
The Weekly Bottom Line: Supply Issues Easing, But Omicron LoomsRead More
Forward Guidance: Bank of Canada and Omicron Risks in the Spotlight Next Week
Virus concerns and inflation will loom over the final scheduled Bank of Canada policy decision of 2021. So far, economic data has been tracking close to the central bank’s expectations. The 5.4% (annualized) increase in Q3 GDP was almost bang-on with the 5.5% forecast in its October policy update. And though inflation is still running …
Forward Guidance: Bank of Canada and Omicron Risks in the Spotlight Next WeekRead More
Crypto investors see looming NFT bubble but tout staying power of the underlying tech
Visitors look at an immersive art installation titled ‘Machine Hallucinations Space: Metaverse’ by Refik Anadol at the Digital Art Fair Asia in Hong Kong, Oct. 3, 2021. Lam Yik | Bloomberg | Getty Images MIAMI BEACH, Fla. – Even if NFTs are a flash in the pan, cryptocurrency investors are betting that the underlying blockchain technology …
Crypto investors see looming NFT bubble but tout staying power of the underlying techRead More
Week Ahead: When “Transitory” is No Longer “Transitory”, RBA, BOC, and Omicron
US Fed Chairman Jerome Powell testified last week in front of the Senate and Banking Committee that he is retiring the word “transitory”. This should have sent shivers through the market. However, the shivers felt may have been from something else: the continued threat of Omicron variant of the coronavirus that was discovered the prior …
Week Ahead: When “Transitory” is No Longer “Transitory”, RBA, BOC, and OmicronRead More
Week Ahead – Volatility to Remain
Omicron and central banks to dominate The past week has been dominated by Omicron news as we all try to piece together the limited information we have and determine what it all means for the coming months. So much is still unknown and so the volatility and seesaw action we’ve seen this week may continue …
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
