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April 13, 2021

Coronavirus: Business

Market braces for key inflation report Tuesday that may test the Fed’s mettle

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CNBC – For more and to sign up click here Shoppers wearing protective masks push shopping carts inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images The pace of consumer inflation is likely to have returned to prepandemic......

Entertainment venues still waiting for a lifeline as tech glitches snarl Covid relief applications

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CNBC – For more and to sign up click here The Anthem, a popular live music venue, displays a message of support on their marquee on April 3, 2020 in Washington, DC. Drew Angerer | Getty Images At The Independent in San Francisco, it’s been a long, dark year in......

The economy is on the cusp of a major boom and economists believe it could last

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CNBC – For more and to sign up click here People crowd outdoor dining at a restaurant as coronavirus disease (COVID-19) restrictions are eased in Ann Arbor, Michigan, U.S., April 4, 2021. Emily Elconin | Reuters The economy has entered a period of supercharged growth, and instead of fizzling, it......

Florida sues CDC to allow cruises to resume U.S. sailings, industry asks to be treated like airlines

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CNBC – For more and to sign up click here Maiden voyage of the Symphony of the Seas, the world’s biggest cruise ship delivered by STX shipyards in Saint-Nazaire to the American ship-owner Royal Caribbean cruise Ltd (RCCL). Andia | Universal Images Group | Getty Images Florida Gov. Ron DeSantis announced......

Florida sues CDC to allow cruises to resume U.S. sailings, industry pushes for better treatment

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CNBC – For more and to sign up click here Maiden voyage of the Symphony of the Seas, the world’s biggest cruise ship delivered by STX shipyards in Saint-Nazaire to the American ship-owner Royal Caribbean cruise Ltd (RCCL). Andia | Universal Images Group | Getty Images Florida Governor Ron DeSantis announced......

Norwegian Cruise Line CEO on how the company’s cruise ships can safely set sail once again

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CNBC – For more and to sign up click here Norwegian Cruise Line CEO Frank Del Rio said Monday he is confident the cruise line operator can safely set sail this summer for the first time in more than a year. Earlier in the day, the company sent a proposal......

The Fed could come under fire for easy policy while the economy soars and inflation rises

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CNBC – For more and to sign up click here Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters As the economy booms over......

March jobs report is expected to be strong and show the beginning of a hiring surge

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CNBC – For more and to sign up click here Americans are beginning to return to the workforce in big numbers, and that is likely to show up in the March employment report. Economists polled by Dow Jones expect to see 675,000 jobs added in March as the economy reopened......

Wall Street awaits Biden infrastructure plan, but it may not be ready for the new taxes

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CNBC – For more and to sign up click here President Joe Biden takes questions as he holds his first formal news conference in the East Room of the White House in Washington, U.S., March 25, 2021. Leah Millis | Reuters Wall Street is awaiting details of President Joe Biden’s......

Op-Ed: Suez Canal shutdown highlights another weak link in global supply chain

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CNBC – For more and to sign up click here Stranded container ship Ever Given, one of the world’s largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 26, 2021. Suez Canal Authority | Reuters The massive Ever Given container ship, stuck in the Suez......

The end of the quarter could create volatility for markets in the week ahead

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Stocks could be buffeted by end-of-quarter trading in the week ahead, as pension funds and other big investors buy bonds and sell stocks to rebalance their portfolios. The......

Pension funds have to buy bonds to rebalance portfolios and that might be good for stocks

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: NYSE Pension funds and other major investors should be big buyers of bonds during the next week or so, as they rebalance their holdings to make up for the......

The bond market rebels as it adjusts to the Federal Reserve’s inflation policy

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CNBC – For more and to sign up click here Chairman of the Federal Reserve Jerome Powell testifies during the Senate’s Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress on September 24, 2020, in Washington, DC. Drew Angerer | AFP | Getty......

A stunning fall and a recovery: How the stock market has evolved one year since Covid hit

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CNBC – For more and to sign up click here A visitor in front of the Wall Street Bull, a bronze sculpture in the Financial District of Manhattan New York, May 19, 2020. Timothy A. Clary | AFP | Getty Images A year after the Covid pandemic forced the nation......

Hyatt Hotels CEO sees ‘clear path to recovery’ after Covid rocked industry

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CNBC – For more and to sign up click here Hyatt Hotels CEO Mark Hoplamazian said on CNBC on Thursday that he is bullish on a recovery in the hotel industry, driven by leisure travel, as Covid-19 vaccines become more widely available. While bookings will continue to face headwinds over......

CEO of Airstream maker Thor Industries expects hot RV market to continue post pandemic

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CNBC – For more and to sign up click here Thor Industries CEO Bob Martin told CNBC on Tuesday he expects to see strong demand for recreational vehicles even after the coronavirus pandemic has passed, buoyed in part by a growing appeal to younger travelers. “As we get into this next generation......

Inflation may have been warming up in February, but it could be hot by May

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CNBC – For more and to sign up click here A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Inflation is just warming up, but by late......

Stitch Fix swings to a quarterly loss and softens outlook on shipping delays; shares plunge

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CNBC – For more and to sign up click here Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a narrower-than-expected loss for its latest quarter, but the company missed analysts’ expectations for revenue and outlook as shipping delays and lower customer spend ate......

Stocks face the crosscurrents of higher interest rates and fiscal stimulus in the week ahead

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The Covid-19 aid package is on track for final congressional approval in the week ahead — and it could be a double-edged sword for......

Employers likely added more jobs in February, but economists say there’s no bounce back yet

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CNBC – For more and to sign up click here A worker wearing a protective mask boxes a pizza inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Hiring likely improved in February as more of the economy......

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