The US has identified its first reported case of Covid-19 caused by the Omicron variant, with health officials confirming that an individual in California had tested positive. The Centers for Disease Control and Prevention said on Wednesday that the variant was discovered in an individual who returned from South Africa on November 22, two days
A software rendering shows a recreation of Russia’s anti-satellite weapons test and the destruction of satellite Kosmos 1408, with the debris field in red. AGI The Pentagon called for a global halt to anti-satellite weapons testing on Wednesday, further decrying the practice after Russia’s destructive demonstration last month showered low Earth orbit with debris. “We
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Sept. 20, 2021. Michael Nagle | Bloomberg | Getty Images The market is facing a conundrum. Federal Reserve Chair Jerome Powell has thrown a monkey wrench into the investor playbook. Investors have been worried they will
In this article CRM VRTX LEN Salesforce signage outside office building in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Wednesday: Allbirds — Allbirds shares sunk more than 13% after the shoe maker’s losses grew in the third quarter, even as its revenue rose from last year. The quarterly
With or without the pandemic, the construction and building products industry has found ways to evolve. Companies are leveraging technology to differentiate themselves, which has the added benefit of creating more collaboration in an industry typically divided into silos. I spoke with experts from all facets of the supply chain who shared how technology has
Daniel Acker | Bloomberg | Getty Images Mortgage rates rose decisively again for most of last week, causing a massive drop in mortgage demand, but on Friday everything changed with the news of the Covid omicron variant. Last week the average rate on the 30-year mortgage with conforming loan balance ($548,250 or less) increased to
Puerto Rico’s General Fund net revenues came in 17.4% ahead of Oversight Board projections in the first quarter of the fiscal year. Revenues measured on an accrual basis were also 10.4% ahead of the first quarter of the prior fiscal year, according to data released by the Puerto Rico Treasury. Puerto Rico Secretary of the
sponsored Some say trading is a game of luck; others view it as an adventure sport. Just like athletes love performing mind-blowing maneuvers, there’s a thrill that comes with executing the perfect trade, For those newer to the scene, trading competitions allow novice traders to learn and grow as a broker, and give more experienced
As Robinhood struggles with its declining share price, could ramping up its cryptocurrency offerings help boost the company’s outlook? Robinhood is a financial services company that also acts as a retail trading platform for ordinary users. It’s known for meme stocks and currently offers seven cryptocurrencies for trading. Since Aug. 4, Robinhood (HOOD) has fallen
In previous bull market cycles, there has been a measurable correction before a rally at the end of the year — and if history rhymes it could be on the cards again. We’ve certainly experienced the correction: Bitcoin hit an all-time high of around $69K on Nov. 10 and has retreated around 17% to current
Municipals were stronger Tuesday as U.S. Treasuries rallied and stocks sold off on Omicron variant concerns and Federal Reserve Chairman Jerome Powell’s comments on speeding up tapering the Fed’s bond buying sooner than originally expected. It is appropriate to “consider ramping up tapering” and it will be discussed at the next FOMC meeting, when more
In this article AMZN GS David Solomon, chief executive officer of Goldman Sachs & Co., listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Goldman Sachs is getting into the cloud computing business. The bank is opening up access to
In this article NCLH AAL BYND BNTX An American Airlines plane lands at Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images Check out the companies making headlines in midday trading Tuesday. American Airlines, Norwegian Cruise Line — Travel stocks retreated, as investors continued to weigh the risks
Did you find yourself waiting on long lines last week for Black Friday sales – or did you opt for Cyber Monday deals instead? Maybe you shopped both, hoping to find the best values for your gift lists. Or maybe you’re the kind of shopper who prefers a less harried environment and are content to
In this article AMZN CBRE PLD JLL FDX UPS XPO For every Cyber Monday purchase, there is a warehouse employee packing up those soon-to-be presents. The big online shopping holiday comes amid a warehouse shortage across the United States as distribution center vacancy rates are at all-time lows. Nearly 96% of existing industrial space is
The House is expected to unveil as soon Tuesday a measure to extend government funding into early 2022 as current funding is set to expire Friday. Treasury Secretary Janet Yellen separately has warned the U.S. may hit its debt ceiling as soon as Dec. 15, putting pressure on lawmakers to raise or suspending the ceiling
The Bitcoin network’s value settlement efficiency has been improving steadily recently, with more being settled for lower fees. Over the past week, the Bitcoin network has transferred or settled an average of $95,142 of value for every $1 worth of fees. The on-chain settlement efficiency has been gradually increasing since May as more has been
Sentiment in the cryptocurrency market is back on the rise on Nov. 29 as the recent dip down into the “extreme fear” zone on the Crypto Fear and Greed Index improved slightly after Bitcoin (BTC) recovered above the $57,000 support, lifting the index higher into the “fear” zone. Despite the overall “fear” and “extreme fear” sentiments
Municipals were little changed Monday while U.S. Treasuries pared back some of Friday’s gains and equities rebounded as markets generally calmed after initial Omicron fears were digested. Economists don’t appear to be too concerned about the latest COVID-19 variant. “Even if Omicron causes another pandemic wave, it is more likely to slow rather than interrupt
The global risk from the new Omicron coronavirus variant is “very high”, the World Health Organization warned, as Japan moved to ban foreign visitors in an attempt to limit the spread of the heavily mutated strain. Outlining its preliminary findings on the strain first detected in southern Africa, the health body warned of its potentially