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The continued spread of the Delta variant of COVID-19 could pose a serious risk to the U.S., particularly the unvaccinated population, experts say. Currently, the variant accounts for 1 in 4 cases in the U.S., according to estimates from the Centers for Disease Control and Prevention (CDC). But that number could keep rising if vaccination rates don’t start picking up quickly enough. Among those ages 18 and up in the U.S., 57.4% are fully vaccinated, while 66.5% has received at least one… Source link

New weekly jobless claims fell back below the 400,000 level for the first time in three weeks, resuming improvements after a brief bump higher in initial filings.  The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended June 26: 364,000 vs. 388,000 expected and an upwardly revised 415,000 during prior week  Continuing… Source link

Unlike crypto critics who attack bitcoin and other cryptocurrencies for being too volatile, the Federal Reserve is increasingly sounding the alarm over investigating the coins that set out to be far more boring: stablecoins. As their name suggests, stablecoins are cryptocurrencies that set out to remain stable over their lifetimes and try to maintain a value as close to $1 (or other base currencies) as possible. Tether, the largest stablecoin in the world with a market cap of more than $60… Source link

Company Achieved Record-High Monthly and Quarterly Deliveries NIO delivered 8,083 vehicles in June 2021, increasing by 116.1% year-over-year NIO delivered 21,896 vehicles in the three months ended June 2021, increasing by 111.9% year-over-year Cumulative deliveries of the ES8, ES6 and EC6 as of June 30, 2021 reached 117,597 SHANGHAI, China, July 01, 2021 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading manufacturer of premium smart electric… Source link

Warning: The following article contains graphic allegations of domestic violence and sexual assault. This post has been updated with a response from Bauer’s representatives. One day after news broke that Los Angeles Dodgers pitcher Trevor Bauer had been accused of assault, details of his accuser’s account of their interactions has surfaced. A temporary ex parte restraining order filed against Bauer and executed on Monday was obtained by The Athletic’s Brittany Ghiroli and Katie Strang. The… Source link

Stock futures opened slightly higher Wednesday evening, adding to gains after the major equity indexes closed out a strong second quarter and first half of the year. Contracts on the S&P 500 edged higher after the index logged yet another record closing high during the regular trading day. The blue-chip index has gained 14.4% for the year to date, and ended June with a more than 2% gain for a fifth straight monthly rise. A batch of strong economic data helped propel equities higher during… Source link

The Delta variant of COVID-19, which originated in India, is the latest challenge the world is facing as key regions struggle to contain the coronavirus pandemic. The strain is significantly more contagious than any other that’s appeared so far, scientists say. It has raised concerns over whether or not the vaccines currently available are effective enough to counter its spread. Delta now accounts for roughly 30% of cases in the U.S., where 57.2% of adults are fully vaccinated and 66.2% have… Source link

The stock market is entering the danger zone, according to one often overlooked measure of equities valuation.  At its current level of 38 times, the Shiller P/E Ratio is nearing the peak (44 times) seen at the height just before the dot-com bust in 2000, write strategists at SunDial Capital Research. Created by noted Yale professor Robert Shiller, the ratio is seen as better than the traditional P/E ratio as it adjusts for inflation. Historically, a Shiller PE ratio sustained over 25 times… Source link

Pat Toomey (R-PA) speaks during a news conference to introduce the Republican infrastructure plan, at the U.S. Capitol in Washington, U.S., April 22, 2021. REUTERS/Erin Scott A leading GOP senator is threatening to draft “transparency and accountability” laws directed at the nation’s independent central bank after accusing four of the Federal Reserve’s regional banks of dodging Congressional requests for documents. Pat Toomey of Pennsylvania, the top ranking Republican of the Senate… Source link

At the beginning of the year, the dominant narrative permeating cryptocurrency markets was that institutions were going to add large swaths of bitcoin to their assets. Big, established investors from hedge funds to Wall Street mainstays and blue-chip companies would be quick to jump on the bandwagon.  Now, as bitcoin (BTC) trades close to half of the all-time high of almost $65,000 reached in April, things are starting to look slightly different: Despite what looks like a clearance sale on… Source link