LONDON—Oil prices eased after early gains on Thursday after measures by some governments to slow the spread of the Omicron coronavirus variant, though losses were capped by comments from vaccine makers about the efficacy of their jabs. Brent crude futures fell 47 cents, or 0.6 percent, to $75.35 a barrel by 1004 GMT after touching…
Oil Slips After Restrictions to Counter Omicron Variant
December 9, 2021
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Global Stocks Higher as Investors Await US Inflation
December 9, 2021
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BEIJING—Global stocks were mostly higher Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve’s decision on when to roll back economic stimulus. London and Frankfurt opened higher while Tokyo declined. Shanghai, Hong Kong, and Seoul also advanced. Wall Street futures were lower after stocks rose for a third day Wednesday…
Bank of Canada Keeps Interest Rates Unchanged, Warns of Omicron Uncertainty
December 8, 2021
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OTTAWA—The Bank of Canada on Wednesday held its key overnight interest rate unchanged, as expected, and said inflation was broadening even as it warned that the Omicron coronavirus variant has created “renewed uncertainty.” The central bank, in a regular rate decision, left its key overnight interest rate at 0.25 percent and maintained guidance that economic…
Wall Street Mixed as Omicron Worries Cloud Vaccine Update
December 8, 2021
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U.S. stock indexes struggled for direction on Wednesday after a strong start to the week, as investors digested a fresh update on Pfizer and BioNTech’s COVID-19 vaccine, while the fast-spreading Omicron variant kept bigger bets in check. Pfizer and BioNTech said their three-shot course of COVID-19 vaccine was able to neutralize the new Omicron variant…
Wall Street Inches Higher at Open After Vaccine Update
December 8, 2021
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Wall Street’s main indexes opened higher on Wednesday after Pfizer and BioNTech said a three-shot course of their COVID-19 vaccine was shown to have a neutralizing effect against the new Omicron coronavirus variant in a laboratory test. The Dow Jones Industrial Average rose 2.58 points, or 0.01 percent, at the open to 35,716.85. The S&P…
Oil Steadies Near $75 as Investors Assess Omicron’s Impact
December 8, 2021
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LONDON—Oil prices steadied near $75 a barrel on Wednesday, taking a breather after strong gains earlier this week, as investors continued to assess the impact of the Omicron coronavirus variant on the global economy and fuel demand. Brent crude futures dropped 19 cents, or 0.25 percent, to $75.25 a barrel at 0925 GMT, after settling…
World Shares Mostly Higher as Virus Fears Ease
December 8, 2021
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BANGKOK—Stocks advanced Wednesday in Asia after another broad rally on Wall Street as investors wagered that the new variant of the COVID-19 virus won’t pose a big threat to the economy. Shares rose in Paris, London, Tokyo, and Shanghai but fell in Frankfurt as Germany’s parliament elected Olaf Scholz as the country’s ninth post-World War…
Food Delivery Shares Rise Ahead of EU Draft Rules on Gig Workers
AMSTERDAM—Shares in ride-sharing and food delivery companies rebounded on Tuesday, ahead of an European Commission proposal expected Dec. 9 that will define when couriers should be considered employees and when they should be considered independent contractors. The Financial Times on Tuesday reported that the proposal, under development for years, will as expected put the burden…
Starbucks to $130 or a Whopping $200? Here’s What the Chart Says
Starbucks Corporation is trading up more than 3 percent Tuesday after MKM Partners raised its price target on the stock from $114 to $130. The coffee chain is in the midst of a push to unionize and employees at three Starbucks stores in upstate New York have mailed in voting ballots, which are expected to…
Third-Largest Bitcoin Whale Buys 2,702 Bitcoin Worth $137 Million
The third-largest Bitcoin (BTC) whale added $137 million to their holdings on Monday. What Happened: According to data from BitInfoCharts, the wallet holder added 2,702 BTC worth $137 million at an average price of $50,700 per coin. The whale now holds a total of 118,017 BTC worth more than $6 billion. At current prices, their…
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