Omicron covid variant impact, oil prices, dollar moves

SINGAPORE – Asia Pacific markets were trading mixed on Thursday as investors assessed the risks surrounding the Omicron Covid variant. Japan’s Nikkei 225 is down 0.15% while Topix is ​​down 0.29%. In Australia, the ASX 200 is down 0.09% as the Energy and Materials indices are down 0.52% and 0.27%. Shares of major mining companies … Read more

China’s vegetable prices surge 30.6% in November as food costs soar

A woman picks cabbage at a grocery market in Nanjing, east China’s Jiangsu Province, Wednesday, November 10, 2021. China advantage | Barcroft Media | Getty Images BEIJING – Prices of fresh vegetables in China rose 30.6% in November compared to a year ago, the National Bureau of Statistics said Thursday. The gains followed a 15.9% … Read more

Senate votes to overturn OSHA rule

US President Joe Biden speaks at the Eisenhower Executive Office Building in Washington, DC, United States, on Wednesday, November 3, 2021. Drago | Bloomberg | Getty Images The Senate voted on Wednesday to block President Joe Biden’s mandate for a vaccine on private employers, in the latest blow to his attempts to showcase federal authority … Read more

JPMorgan picks stocks to play Southeast Asian digital economy

E-commerce services provided by a company in Pekanbaru, Riau Province, Indonesia. Didi Sutisna | Riau pictures | Barcroft Media via Getty Images E-commerce, food delivery and online payments are among the digital services that are expected to grow sharply in Southeast Asia in the coming years – and JPMorgan has chosen its best stock options … Read more

Theranos founder Holmes blasts Sunny Balwani before defense rests

Elizabeth Holmes, Theranos Inc. , departs federal court in San Jose, California, on Wednesday, December 8, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CA – In its latest attempt to try to sway the jury in a criminal fraud trial, Theranos Corporation Elizabeth Holmes criticized ex-boyfriend Ramesh “Sunny” Balwani, its former … Read more

Covid cases more than doubled in South Africa last week as omicron variant spreads, WHO says

A health worker fills a syringe with a dose of a vaccine against COVID-19 as people line up at the Kia Sands slum to be vaccinated by the Whitkopen Clinic in Johannesburg on December 8, 2021. Emmanuel Croce | AFP | Getty Images The World Health Organization said new Covid-19 cases in South Africa more … Read more

Stock futures are flat after major averages post third straight day of gains

US stock index futures were little changed during overnight trading on Wednesday, after the major averages posted a third consecutive day of gains as traders bet that the economic effects of the omicron variable won’t be as severe as initially thought. Futures related to the Dow Jones Industrial Average fell 7 points. S&P 500 futures … Read more

Retailer is working to understand proposal from activists

Michel Gas Chris Ratcliffe | Bloomberg | Getty Images Kohl’s CEO Michael Gass said the retailer is doing its due diligence after receiving a letter from activist group Engine Capital urging the company to either consider selling its business or severing its e-commerce division. “My number one priority, the board’s number one priority, is to … Read more

Another Powell pivot raises questions about the Fed’s policy credibility

Jerome Powell, Chairman of the US Federal Reserve, speaks at the Eisenhower Executive Office Building in Washington, DC, US, on Monday, November 22, 2021. Samuel Corum | Bloomberg | Getty Images If the Federal Reserve meets expectations next week and announces a sharper unwinding of measures taken to boost the economy, it will mark an … Read more