Tag Archives: shock

Employees pass in front of the main entrance at Activision Blizzard in Irvine in July. The Irvine office and two other offices out of state will still require employees to be vaccinated against COVID-19 to work in person. A virtual walkout took place among employees in the Irvine office and other locations. (Raul Roa / Times Community News) More than 100 Activision Blizzard employees participated in a virtual walkout Monday as the Santa Monica video game studio joined a growing wave of… Source link

(Bloomberg) — Investor sentiment sagged Monday amid turmoil for President Joe Biden’s economic agenda and rising global omicron infections, spurring selloffs in stocks, equity futures and oil, while bolstering sovereign bonds. Most Read from Bloomberg U.S. futures and European shares all trimmed losses to about 1% after Moderna Inc. said its vaccine increased antibody levels against the variant. Treasuries pared an increase and the dollar held a jump from Friday, while crude oil slid on… Source link

Russia last week announced a major new energy cooperation deal with India that threatens the very core of the U.S.’s fightback strategy against Beijing’s and Moscow’s expansionism in the Middle East and beyond. The main hydrocarbons deal will be for Russia, via oil giant Rosneft, to supply almost 15 million barrels of crude to Indian Oil, by the end of 2022. Given the massive geopolitical ramifications of any sizeable oil deal, it was entirely legitimate for Igor Sechin, Rosneft chief… Source link

(Bloomberg) — China may be diving head first into a power supply shock that could hit Asia’s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. Most Read from Bloomberg The crackdown on power consumption is being driven by rising demand for electricity and surging coal and gas prices as well as strict targets from Beijing to cut emissions. It’s coming first to the country’s mammoth manufacturing industries: from aluminum smelters to… Source link

“Google seems to be hiding,” Chrome rival Brave warned this week, as the trillion-dollar tech giant quietly confirmed a shocking update for 2.6 billion users. “Google is buying time to regroup,” Brave said, “to consolidate its control over web tracking.” If you’re a Chrome user, this nasty new surprise is a genuine reason to quit. We already know that Chrome harvests much more of your data than other browsers. And now a critical update to stop you being secretly tracked… Source link

(Bloomberg) — Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases using Bitcoin, triggering a slide in the digital currency. In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are much less energy intensive. He also said the company won’t be selling any of the Bitcoin it… Source link

Despite a high-profile visit to China by a team of international experts in January, the world is no closer to knowing the origins of Covid-19, according to one of the authors of an open letter calling for a new investigation. Vaccines expert Nikolai Petrovsky of Flinders University, one of 26 global experts who signed the open letter, published Friday, said “at this point we are no further advanced” than a year ago. “Based on our analysis, and as confirmed by the global study convened by… Source link

A leading scientist who was part of the World Health Organisation-led team to investigate the origins of coronavirus in Wuhan has cast further doubt the virus emerged in China. Professor John Watson, who spent four weeks in Hubei province at the start of the year, said the virus’s leap from animals to humans may have occurred outside the country’s borders. He says the pandemic most likely started with an infection in an “animal reservoir” which was then passed on to humans through an… Source link

TipRanks 3 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ A new year, a new addition to the stock portfolio – what can make more sense than that? The right time to buy, of course, is when stocks are priced at the bottom. Buying low and selling high may be a bit hackneyed, but it’s true, and truth has staying power.But the markets are up. The NASDAQ rose 43% in 2020, and the S&P 500 showed a gain of 16%. With a market environment like that, finding stocks that are caught in… Source link

TipRanks J.P. Morgan: 2 Stocks to Consider Buying (and 1 to Stay Away From) In a report on current market conditions – and the strategic view going forward – JPMorgan’s Marko Kolanovic sees plenty of reasons for optimism. Kolanovic sees that risk has eased in the last few weeks, and taking the usual daily fluctuations into account, markets are likely to see a sustained rally.The biggest news, in Kolanovic’s view, are the positive reports about the rapid development and imminent… Source link