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April 17, 2021

Demand

Oil nudges lower but set for weekly gain on demand recovery hopes

Reuters
Oil was modestly lower on Friday but headed for a weekly gain as a stronger demand outlook and signs of economic recovery in China and the United States offset concerns about rising COVID-19 infections in other major economies. Brent crude was up 5 cents, or 0.1%, at $66.99 a barrel......

Airbnb CEO says company will need millions more hosts to meet surging demand

CNBC
CNBC – For more and to sign up click here Airbnb will have to add millions of new hosts to accommodate guests as travel picks up again following the coronavirus pandemic, CEO Brian Chesky told CNBC. “To meet the demand over the coming years, we’re going to need millions more......

Mark Cuban on the dogecoin price surge: ‘Supply and demand is undefeated’

CNBC
CNBC – For more and to sign up click here Dogecoin, a cryptocurrency that started as a joke, is now a top-five digital currency with a market value of about $49 billion, according to CoinGecko. Created as a parody in 2013, dogecoin is based on the “Doge” meme, which portrays......

Mortgage refinance demand hits lowest level in over a year, and homebuyers retreat, too

CNBC Real Estate
People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images It was a mixed week for rates, which started high and then fell slightly, but the damage was done early. Total mortgage application volume decreased......

OPEC raises 2021 oil demand growth forecast on hope pandemic wanes

Reuters
LONDON (Reuters) -OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside, providing help for the group and its allies in their efforts to support the market. FILE PHOTO: A 3D-printed oil pump jack is seen in front of displayed......

Uber posts record gross bookings in March as ride-hailing demand picks up

CNBC
CNBC – For more and to sign up click here Air travelers wait in the ride share lot near a sign for Uber at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Uber on Monday posted record gross bookings in......

Thousands protest in Belgrade, demand government action to stop pollution

Reuters
BELGRADE (Reuters) – Several thousand people blocked traffic in front of the Serbian parliament on Saturday in a protest against lack of government action to prevent water, land and air pollution by industries such as the mining sector. Protesters, who came to Belgrade from all over Serbia, held banners reading......

Athletic Figures Demand NCAA Punish States With Anti-Trans Bills

Sports Illustrated
Several athletes, advocates and allies held a virtual press conference Friday calling on the NCAA to withdraw its athletic events from states considering transgender legislation. More than two dozen states are considering anti-transgender legislation. Lynx head coach Cheryl Reeve, Lynx forward Naphessa Collier, former NCAA champion and transgender athlete CeCé......

Mortgage refinance demand drops 20% as rates rise to 10-month high

CNBC Real Estate
Mortgage rates moved higher again last week, causing homeowners and potential homebuyers to pull back on borrowing. Overall mortgage application volume decreased 5.1% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250......

California teachers’ latest demand: Free child care

Politico
Politico.com – For more and to sign up click here Daniels said LAUSD’s reopening plan asks teachers to choose between “our children or our job.” Unions across California say the need for educator child care was a problem before the pandemic, reflective of broader policy gaps that support women and......

Mental health professionals are in high demand as the pandemic enters a second year

CNBC
CNBC – For more and to sign up click here Coronavirus has rocked the nation with a year of restrictions, lockdowns, missed gatherings and events, isolation and a staggering loss of more than half a million American lives. As the pandemic stretches into a second year, Americans struggling with increased......

GM’s first-quarter sales up 3.9% on strong consumer demand

CNBC
CNBC – For more and to sign up click here A customer looks at a General Motors Co. Chevrolet vehicle for sale at a car dealership in Colma, California, on Monday, Feb. 8, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT – General Motors’ vehicle sales were buoyed......

Japan’s March factory activity grows at faster pace on demand recovery: PMI

Reuters
TOKYO (Reuters) – Japan’s factory activity expanded at a faster pace in March, as an uptick in orders pushed up output levels, with firms seeing demand recover further from the pain of the coronavirus pandemic at home and abroad. FILE PHOTO: An engineer makes an arm rail for residential buildings......

U.S. gasoline demand exceeds 2020 levels for first time in 2021: OPIS

Reuters
FILE PHOTO: Taxis are seen at a gas station in New York, U.S., March 14, 2020. REUTERS/Eduardo Munoz/File Photo NEW YORK (Reuters) – U.S. gasoline sales for 2021 have exceeded prior-year levels for the first time since last March, when officials first started to widely impose coronavirus lockdowns, according to......

Old golf courses and office buildings are turning into retail warehouses as demand for industrial space keeps climbing

CNBC Real Estate
A worker stacks boxes inside of an Amazon fulfillment center in Robbinsville, New Jersey. Lucas Jackson | Reuters The next big industrial warehouse might find itself on top of a former golf course. Or in an empty office building. Maybe in a vacated shopping mall. The Covid pandemic has accelerated......

Homebuyer mortgage demand inches higher, but rates hit highest level since summer

CNBC Real Estate
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters Higher mortgage rates do not appear to be dampening demand for home purchases but are crimping refinance volume. Mortgage applications to purchase a home rose 3% last week from the previous......

JGBs rise on safe-harbour flows, strong auction demand

Reuters
TOKYO, March 24 (Reuters) – Japanese government bond futures and prices on cash bonds rose on Wednesday as concerns over restrictions on economic activity in France and Germany increased the appeal of holding safe-harbour assets. Investors shifted money out of equities and into bonds as risk appetite was dampened. An......

Safe-haven dollar in demand as worries over European lockdowns, U.S. taxes sap risk appetite

Reuters
TOKYO (Reuters) – The safe-haven U.S. dollar approached a four-month high on Wednesday as concerns over a third COVID-19 wave in Europe, potential U.S. tax hikes and escalating tensions between the West and China sapped risk appetite. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in......

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