Semiconductor stocks are down big this year, and Deutsche Bank is warning about more weakness. The bank’s Q3 semiconductor industry preview, titled “Déjà vu all over again,” highlighted “fears of fundamental deterioration leading to very bearish investor positioning,” adding that “we expect 3Q earnings season to yield more pervasive signs of weakness, as the well-known issues in Consumer areas (PCs, Handsets, etc.) will likely spread to at least more forthcoming admissions of uncertainties… Source link
Read More »Omicron Cases Mild So Far; NYC Outbreak Worsens: Virus Update
(Bloomberg) — Most Read from Bloomberg Symptoms linked to the omicron coronavirus variant have been mild so far, said South African health experts, including the doctor who first sounded the alarm about the new strain. But the World Health Organization cautioned there is “no information” symptoms caused by omicron are different from other strains. The 13 omicron cases identified in the Netherlands on Sunday suggest the new variant already has a strong foothold in Europe, with more… Source link
Read More »Liberty University COVID-19 outbreak on campus worsens, vaccinations now offered
Less than a week after Liberty University announced and enacted a temporary campus-wide quarantine amid rising infections, the school is reporting a sharp surge in positive COVID-19 cases and offering free vaccinations. The private evangelical Christian university in Lynchburg, Virginia last week ordered a campus-wide quarantine from Aug. 30 to Sept. 10. Prior to the fall semester beginning on Aug. 24, the school did not have a mask or vaccine mandate in place. Liberty’s COVID-19 dashboard on… Source link
Read More »Another 778,000 workers filed for unemployment as ‘pandemic purgatory’ worsens
This is a breaking news story: Please check back for updates. The beleaguered U.S. labor market is absorbing a fresh wave of jobless workers, with 778,000 new unemployment claims filed in the latest week, as soaring COVID-19 infections lead states and cities to clamp down on public life. The Department of Labor released its weekly report on initial jobless claims Thursday morning at 8:30 a.m. ET. Here are the numbers compared to what Wall Street expected, according to consensus estimates… Source link
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