Singapore as well as other countries had to deal with numerous challenges created by Covid-19 in 2021. Still, the country’s economy grew slightly more than expected in the fourth quarter from a year earlier, preliminary data showed on Monday. It saw an uneven recovery last year as countries changed their coronavirus strategies regarding the pandemic. …
Singapore’s Economy Surpassed Expectations in the Q4 Read More »
Oil prices rose on January 3 as the market kicked off the new year on a positive note with suppliers in focus ahead of an important meeting, although surging Covid-19 cases continued to affect demand sentiment. Brent crude gained 56 cents or 0.72% to $78.34 a barrel as of 07:10 GMT. U.S. West Texas Intermediate …
Oil Prices Rose One Day Ahead of An Important Meeting Read More »
Oil prices fell on Thursday. Prices declined after China reduced the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand had held up in spite of the omicron variant. Brent crude futures dropped 27 cents or 0.3% to $78.96 a barrel at 13:22 GMT. U.S. On Thursday, …
Oil Fell After the Biggest Importer Reduced Import Quotas Read More »
Samsung Sold More Foldable Galaxy Devices Than Expected As it turned out, people like Samsung’s foldable devices. The company shipped four times more foldables in 2021 than what it did in 2020 according to Samsung. This is in large part due to Samsung Galaxy Z Fold 3 and Galaxy Flip 3. Both of them are …
Samsung Sold More Foldable Galaxy Devices Than Expected Read More »
Stocks in Asia-Pacific were mixed on December 30 in spite of gains overnight on Wall Street. On December 29, the S&P 500, as well as the Dow Jones Industrial Average, reached great results. In Hong Kong, the Hang Seng index gained 0.11% to close at 23,112.01. Shares of SenseTime Group gained more than 4% from …
Chinese Stocks Demonstrated Their Strength on December 30 Read More »
Stocks in Asia-Pacific were mixed on December 29 as analyzed the impact of the omicron Covid variant. Mainland Chinese stocks declined on December 29. The Shanghai composite dropped 0.91% to finish its trading day at 3,597. The Shenzhen component fell 1.24% to close at 14,653.82. In Hong Kong, the Hang Seng index dropped about 1%, …
Stocks Were Mixed As Investors Assessed Omicron’s Impact Read More »
Apple as well as other companies are trying to deal with challenges created by the pandemic. The tech giant closed all of its New York stores to browsing because of a surge in Covid-19 cases. As a result, stores in the city will be limited to picking up online orders and walk-in services such as …
How Apple Plans to Deal With a Major Covid-19 Outbreak Read More »
Gold declined on Wednesday morning in Asia, with falling U.S. Treasury yields countering the impact from slightly improved risk sentiment, and giving the gold a boost. Gold futures dropped 0.19% to $1,807.45 by 10:41 PM ET and 10-year U.S. Treasury yields edged lower. Stocks in Asia-Pacific were mixed on Wednesday as investors analyzed the impact …
Oil prices jumped on December 28, with Brent crude trading near $80 a barrel in spite of the rapid spread of the omicron variant of Covid-19, supported by supply outages and expectations that U.S. inventories declined last week. Brent crude gained $1.04 or 1.3% to $79.64 a barrel by 11:19 GMT. U.S. West Texas Intermediate …
Oil Prices Jumped As Market Ignored Covid’s New Variant Read More »
U.S. stocks rose on Monday as markets reopened after the Christmas holiday and investors analyzed the spread of Covid’s new variant. The S&P 500 advanced nearly 1.4% to 4,791.19, marking its 69th record close of the year. The index also reached an intraday record for the first time in more than a month. The Dow …
Stocks Rose as Markets Reopened After the Christmas holiday Read More »
Crypto millionaires are looking for crypto-friendly places. Many of them decided to move to Puerto Rico. It offers legal and financial incentives, great weather, as well as a critical mass of cryptocurrency gurus. The surge is helping reshape the Caribbean island into America’s homegrown answer to Dubai. Controversial YouTuber Logan Paul moved to Puerto Rico …
Why Crypto Millionaires Are Moving to Puerto Rico Read More »
Cryptocurrencies gained popularity all over the world as more and more people invest in cryptocurrencies. Also, the cryptocurrency boom of 2021 attracted interest from investors looking for how to profit from the nascent asset class. Besides, crypto mining was and is one of the most viable ways to participate in the upside of cryptocurrencies. Inexperienced …
In 2021, investor money poured into Rivian, Lucid Motors, and other EV companies. Several other U.S. EV makers, including Canoo, Fisker, and Lordstown Motors have hit the public markets in the past year-plus with much lower valuations as well as promises to start delivering vehicles in 2022 and 2023. EV stocks gained popularity in 2021 …
Why Investors Are Willing to Invest in EV Stocks Read More »
The omicron variant of Covid-19 had a huge impact on airlines. Unfortunately, they called off more than 2,000 flights since Christmas Eve as the rapid spread of Covid’s new variant drove up sick calls from flight crews. As a result, the staffing shortages disrupted travel for thousands of passengers, many of whom skipped holiday travel …
Airlines Are Trying to Solve Issues Created by the Omicron Read More »
Oil prices were mixed on December 27 after airlines called off thousands of flights over the Christmas holidays amid surging Covid-19 cases. Companies canceled more than 2,000 flights as the rapid spread of the omicron variant affected operations. The staffing shortages disrupted travel for thousands of people, many of whom skipped holiday travel in 2020. …
Oil Prices Were Mixed After Airlines Canceled Flights Read More »
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