Tag Archives: surges

COVID-19 is once again unsettling the public, causing restaurant workers and proprietors to invoke the same dreaded thought: “here we go again.” As the Omicron variant takes a toll on holiday gatherings, restaurant booking have seen a sharp decline, according to data from OpenTable. Restauranteur and tech innovator Bo Peabody — who serves as co-owner of New York-based Mezze Restaurant Group, and a board member of the Boqueria Restaurant Group — told Yahoo Finance Live that for New York,… Source link

(Bloomberg) — Oil surged past $80 a barrel as the global power crunch rattled a market in which OPEC+ has only been restoring output at a modest pace. Most Read from Bloomberg West Texas Intermediate futures climbed around 2% in Asian trading after topping the psychological price threshold on Friday for the first time since November 2014. The prices of fuels such as coal and natural gas are soaring in Europe and Asia as stockpiles run low ahead of the Northern Hemisphere winter, prompting a… Source link

Children are accounting for a larger number of COVID-19 cases as the highly transmissible Delta variant spreads rapidly. And as millions of students return to school nationwide, health officials are warning that infection numbers could get worse, potentially forcing schools to return to remote learning. “We’re going to start seeing a lot of our school systems, especially those that did not mandate masks, starting to close down,” University of Alabama at Birmingham’s Dr. Michael Saag… Source link

(Bloomberg) — Alphabet Inc. shares are poised for the longest string of monthly advances in over a decade as advertising revenue surges, driving them to the best returns among the nation’s megacap technology companies. The shares rose 0.4% Monday to $2,891.81, an all-time high, pushing them to a gain of more than 7% in August. It will be the eighth straight monthly advance for the stock, the longest such rally since a 10-month streak in 2009. The gains have left Google shares with a return… Source link

Support.com (SPRT) is continuing to rise after a massive short squeeze rally. Shares of the California technical support company were up more than 50% in the first minutes of trading after gaining more than 180% over the last five sessions. Support.com’s stock had caught the attention of retail traders based on its high short interest. “Shares shorted were climbing earlier in the month, but we have seen short covering recently as the shorts are in the middle of a big squeeze,” said Ihor… Source link

(Bloomberg) — The social-media mob scored another direct hit, this time with a little-known software company that Wall Street started betting against. Support.com Inc. shares skyrocketed on Friday, adding to this week’s triple-digit rally as day traders touted the Los Angeles-based company, whose platform helps companies manage technical and customer support. The shares surged as much as 132%, climbing to the highest since 2004. Support.com was among the most mentioned companies in… Source link

A Los Angeles official is spearheading a COVID-19 vaccine passport initiative similar to one New York City announced this week, as the more contagious Delta variant adds to more hospitalizations and deaths, which is complicating reopening plans around the country. The Big Apple will soon require proof of vaccination in restaurants, bars, entertainment venues and gyms — becoming the first major U.S. city to do so — as the more contagious Delta variant continues to spread, primarily among… Source link

(Bloomberg) — Tilray Inc. shares surged the most in more than five months as investors rewarded the cannabis company for profiting even amid challenges due to Canada’s Covid-19 restrictions. Net income was $33.6 million for the fiscal fourth quarter ended May 31, compared with a loss of $84.3 million in the year-earlier period, while earnings before interest, taxes, depreciation and amortization almost quadrupled to $12.3 million, the Leamington, Ontario-based company said in a statement… Source link

(Bloomberg) — Bitcoin soared on Monday to approach $40,000, a rally some attributed to traders exiting bets on declines as well as ongoing speculation over Amazon.com Inc.’s potential involvement in the cryptocurrency sector. The largest crypto rose as much as 15% to $39,681 before paring some of the climb to trade at about $38,600 as of 7 a.m. in London. Other virtual coins also rallied, including second-ranked Ether. “The extent of the jump was probably driven by over-leveraged… Source link

WASHINGTON — Top science officials in the Biden administration sought on Thursday to allay concerns about the highly transmissible Delta variant of the coronavirus, which has prompted renewed calls for mask wearing in some places. Compounding the alarm was an announcement last week from the World Health Organization that even vaccinated people should continue to wear masks. “Vaccine alone won’t stop community transmission,” a top WHO deputy explained in justifying the move, which appeared… Source link