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October 22, 2021

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Euro zone inflation hits highest level in 13 years as energy prices soar

CNBC
CNBC – For more and to sign up click here Steam rises from the cooling towers of the Lippendorf power plant south of Leipzig, Germany. picture alliance | picture alliance | Getty Images LONDON — Euro zone inflation hit its highest level in 13 years in September, as the bloc......

H&M’s September sales dented by supply delays after profit tops pre-pandemic level

Reuters
H&M reports Q3 pretax profit of 6.1 bln SEK Sector recovering from slump as restrictions ease Global supply issues meant demand not fully met in September Shares unchanged STOCKHOLM, Sept 30 (Reuters) – Supply disruptions hampered H&M’s (HMb.ST) sales in September, the Swedish retailer said on Thursday, after its June-August......

Mortgage demand falls as rates rise to highest level since July

CNBC Real Estate
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Higher interest rates took some recent wind out of the sails in the mortgage market. After gains the previous week, total mortgage application volume fell 1.1% last week......

CDC raises Covid travel advisory level for Singapore and Hong Kong

CNBC
CNBC – For more and to sign up click here People are silhouetted against Singapore Airlines Airbus planes at Changi International Airport in Singapore on October 24, 2020. Roslan Rahman | AFP | Getty Images The U.S. Centers for Disease Control and Prevention on Monday raised its travel advisories for......

Why NIL Deals Can Level Playing Field for Ivy Leaguers

Sports Illustrated
SI – For more and to sign up click here Tess DeMeyer It took Julia Bedell roughly three minutes, 143,000 subscribers and a small box of skincare products to make $500. Fifty seconds into a YouTube video titled “DORM SUPPLY HAUL. (part 2),” the 18-year-old announced to her audience, which......

Mortgage demand from homebuyers jumps to highest level since April, after new listings rise all summer

CNBC Real Estate
Potential homebuyers exit an open house in Redondo Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Fall is usually the start of the slower season for the housing market, but nothing is usual in today’s pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and......

UK employee numbers surge above pre-pandemic level

Reuters
A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester, Britain, July 8, 2020. REUTERS/Phil Noble UK company payrolls show record monthly increase in August Number of job vacancies exceeds 1 million for first time Jobless rate drops to 4.6% in 3 months......

Bitcoin retreats from the highest level since May as El Salvador adopts it as legal tender

CNBC
CNBC – For more and to sign up click here A woman uses a Bitcoin ATM machine placed within a safety cage on January 29, 2021 in Barcelona, Spain. Cesc Maymo | Getty Images The price of bitcoin fell Tuesday after breaking through $52,000 late Monday, reaching its highest level......

Victim of Tesla crash in Texas had alcohol level exceeding legal limit

Reuters
The logo of Tesla cars logo is seen during the presentation of the new charge system in the EUREF campus in Berlin, Germany September 10, 2020. REUTERS/Michele Tantussi SAN FRANCISCO, Sept 3 (Reuters) – One of the two victims of a fatal crash involving a Tesla car in Texas had......

Virgin Galactic ‘could really take off’ if it breaks above this level, trader says as space stock gets analyst love

CNBC
CNBC – For more and to sign up click here Virgin Galactic could be setting up for a sustained move higher. Jefferies initiated coverage of the space travel stock with a buy rating on Tuesday, sending shares nearly 9% higher in the day’s trading. On average, analysts covering the stock......

Watch this key level in Zoom stock ahead of earnings, Piper Sandler analyst says

CNBC
CNBC – For more and to sign up click here It’s Zoom’s moment of truth. The stay-at-home play will report earnings after the bell Monday, the next catalyst for a stock that has fallen out of favor this year after a nearly fivefold surge in 2020. “I’m not sure if......

An investor with a flair for tech could push Fiserv to the next level

CNBC
CNBC – For more and to sign up click here Oscar Wong | Moment | Getty Images Company: Fiserv Inc. (FISV) Business: Fiserv provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services;......

UK car production plummets to lowest level since 1956 amid chip shortage, worker absences

CNBC
CNBC – For more and to sign up click here Luxury Jaguar XK and F-type automobiles, produced by Jaguar Land Rover Plc, a unit of Tata Motors Ltd., travel along the production line at the company’s assembly plant in Castle Bromwich, U.K. Simon Dawson | Bloomberg | Getty Images LONDON......

COVID-19 hospitalizations for patients under 50 reach highest level since start of pandemic

CBS News
CBS News – For more and to sign up click here COVID-19 hospitalizations for patients under 50 reach highest level since start of pandemic – CBS News Watch CBSN Live CBS News’ Mark Strassmann reports on an increase in COVID-19-related hospitalizations across the U.S. Be the first to know Get......

Central China cities issue highest flood warning level

Reuters
BEIJING, Aug 22 (Reuters) – Two cities in China’s central province of Henan issued highest flood warnings on Sunday, calling for local agencies to prepare for torrential rains, state television reported. Xingyang and Changyuan in Henan, a transportation hub for China, raised their flood-control response levels to I from II,......

Tesla is facing a critical technical support level — and a break below could mean ‘bulls are no longer in charge,’ trader warns

CNBC
CNBC – For more and to sign up click here Tesla’s recent declines are taking the stock to treacherous territory, one trader warns. Shares of the electric vehicle manufacturer fell nearly 3% to $665.71 on Tuesday after the National Highway Traffic Safety Administration launched a probe into the safety of......

Mortgage rates hit their highest level in a month, and weekly demand drops

CNBC Real Estate
Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Borrowers backed away from the mortgage market last week, as higher interest rates chilled a recent revival in refinances. The average contract interest rate for 30-year fixed-rate mortgages with conforming......

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