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The United States is in the fourth wave of the COVID-19 pandemic. In early summer, it appeared that the third wave had been the last, as vaccination rates rose sharply across the country most weeks. There was increasing talk about the strong chance of reaching herd immunity and that the disease might nearly disappear. A new disease variant called Delta […]
Read moreAfter a dreadful August, West Texas Intermediate crude oil has traded back over $70 a barrel and looks to be headed to $75, as OPEC has given every indication that it will be holding current production levels to protect that $70+ price point. While most of the shut-in Gulf of Mexico production is returning to 100% since hurricane Ida, Permian […]
Read moreEmbattled developer China Evergrande's situation is not a surprise given the steps taken by Beijing to reign in excessive debt in the property sector, according to Orient Capital Research's Andrew Collier. The ongoing crisis surrounding debt-ridden Chinese developer Evergrande has captured global investor attention for much of this week. Collier said there were two reasons why the global markets are […]
Read moreActors’ Equity Association released a statement expressing deep concern over accusations made today by former Jagged Little Pill cast member Nora Schell about what the union described as “a truly painful experience that shouldn’t have happened.” Earlier today, Schell, a Black non-binary actor who made their Broadway debut in the Jagged Little Pill chorus in 2019, posted a statement on […]
Read moreChina's broadcasting regulator said it will encourage online producers to create "healthy" cartoons and clamp down violent, vulgar or pornographic content. The National Radio and Television Administration said qualified agencies need to broadcast content that "upholds truth, goodness and beauty." China's ruling Communist Party has stepped up a campaign to clean up its entertainment industry in recent months. China's broadcasting […]
Read moreMajor Chinese coal producers are trying to resolve supply shortages and curb price rises as the country's winter consumption peak approaches, an industry association said. The association said rising market prices had put buyers under pressure, but suppliers were also facing "operating difficulties" as they try to fulfil contracted deliveries at a discount. Major Chinese coal producers are trying to […]
Read moreThe U.S. Food and Drug Administration has authorized for emergency use a booster dose of the Pfizer-BioNTech COVID-19 vaccine for people over 65 years of age, healthcare workers, and others at high risk of severe COVID-19. The booster dose is to be administered at least six months after completion of the primary series, and is the same formulation and dosage […]
Read moreIt has now been 40 weeks since the first shipments of the COVID-19 vaccine were sent out to states, kicking off the largest vaccination campaign in human history. As of September 23, 469,561,625 doses of the vaccine have been sent out across the country — equivalent to 143.1% of the U.S. population. While the initial distribution of the vaccine took […]
Read more‘We remain positive on technology, private sector financials, gas, infrastructure, and export-oriented plays.’ Yogesh Patil, head of equity at LIC Mutual Fund Asset Management, shares his views on the road ahead for the equity markets in an interview with Puneet Wadhwa. Do you see any stress points for the markets given that they are at record highs? Markets are now […]
Read moreIndia was among the top-five economies with the largest general government capital stock level, said, in 2015, an International Monetary Fund report called “Making Public Investment More Efficient”. The report fuelled a debate on countries sitting on piles of cash that could be used better. India was believed to have public assets worth $4.5 trillion. The report urged countries to […]
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