Market Overview - Page 217

Big investors are pouring money into warehouses in Europe as online shopping for goods — some all the way from China — takes off in the wake of the coronavirus pandemic. E-commerce was already growing before the emergence of Covid-19.

France’s Total on Tuesday reported a massive drop in full-year profit, following a tumultuous 12 months in which commodity prices collapsed amid the coronavirus pandemic. The energy major said full-year 2020 net profit came in at $4.06 billion, beating expectations.

The markets are starting the new week with a rally. Over the weekend, Yellen optimistically assured that quick approval of the stimulus package would return unemployment to pre-crisis levels as soon as next year. This is very positive news as.

The price of meme cryptocurrency dogecoin (DOGE) soared more than 55% Sunday, setting a new all-time high, after American rapper Snoop Dogg joined DOGE booster-in-chief Elon Musk and Kiss rock star Gene Simmons in tweeting a meme of a Shiba.

Asian chipmakers are rushing to expand their production capacity to meet a global shortage that has been acutely felt by carmakers, but the firms warn that the supply gap may take many months to plug as they struggle to keep.

South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding. Wiping $3.

U.S. stock index futures rose in early morning trading Monday, as the major averages looked to build upon gains following the best week since November. Futures contracts tied to the Dow gained 92 points. S&P 500 futures and Nasdaq 100.

China’s capital city will hand out about $1.5 million in a limited trial of the central bank’s digital currency, the municipal government announced over the weekend. That marks the third major test of the digital currency under development by the.

Silicon chips are the lifeblood of the tech-obsessed world we live in, but today they’re in short supply. Demand for these chips, or semiconductors, has soared during the coronavirus pandemic as people snapped up games consoles, laptops and TVs to.

Drugmaker AstraZeneca is racing to adapt its Covid-19 vaccine in the face of new variants of the virus, with the process becoming more urgent after a small-scale study found that it was less effective at protecting against the more virulent.

President Joe Biden said his administration was ready for “extreme competition” with China but that his approach would be different than his predecessor. “I’m not going to do it the way Trump did. We are going to focus on the.

The US labour market created 49K new jobs in January, according to the latest report. The data was roughly in line with analysts’ forecasts ahead of the week but was disappointing after robust ADP and jobless claims estimates. The previous.