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August 2, 2021

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Samsung Elec sees strong chip demand, mobile recovery as Q2 profit jumps

Reuters
By Joyce Lee, Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign the global economy is getting back on track from the coronavirus pandemic. FILE PHOTO:......

Texas power grid sees record-breaking demand during heatwave

Reuters
Overhead power lines are seen during record-breaking temperatures in Houston, Texas, U.S., February 17, 2021. REUTERS/Adrees Latif/File Photo July 26 (Reuters) – The Texas power grid operator on Monday forecast demand would reach a record high over the next week as homes and businesses crank up their air conditioners to......

Jim Cramer predicts S&P 500 ‘is done getting slammed,’ sees upside ahead

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Wednesday said investors can expect smooth sailing as Wall Street tries to put a short but turbulent period of decline in stocks behind it. After the market recovered all its losses from Monday’s big plunge, Cramer......

Global markets join sell-off, but trader sees buying opportunity in one region

CNBC
CNBC – For more and to sign up click here It’s not just the U.S. in sell-off mode. European and Asian markets, and the ETFs that mirror those regions, were also in the red to begin the week as the spread of the Covid delta variant raised fears over the......

U.S. sees alarming outbreak of gun violence

CBS News
CBS News – For more and to sign up click here U.S. sees alarming outbreak of gun violence – CBS News Watch CBSN Live There were dozens of shootings over the weekend in Philadelphia, Chicago and Washington, D.C. Kris Van Cleave reports. Be the first to know Get browser notifications......

Bill Ackman still sees a massive economic boom despite the delta variant, says rates to rebound

CNBC
CNBC – For more and to sign up click here Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a significant threat to the economic reopening, seeing interest rates rising on......

Singapore sees COVID-19 cases double overnight as testing ramps up

Reuters
A woman wears a face mask at a shop in Little India district, as the spread of coronavirus disease (COVID-19) continues, in Singapore, April 2, 2020. REUTERS/Edgar Su SINGAPORE, July 19 (Reuters) – Singapore on Monday saw new local coronavirus cases almost double from the previous day to 163, the......

Saffron Road sees world cuisine taking off

FoodBusinessNews
STAMFORD, CONN. — A calculated risk in early 2020 helped Saffron Road capitalize on heightened demand for global flavors during the pandemic. The American Halal Co., Inc. subsidiary, which manufactures frozen foods, meal pouches, sauces and snacks inspired by global cuisine, received an early warning about the impending pandemic in......

Germany’s Bundesbank sees faster growth barring virus comeback

Reuters
FRANKFURT, July 19 (Reuters) – Economic growth in Germany could accelerate further this summer if there are no “significant setbacks” in the fight against the coronavirus pandemic and if supply bottlenecks ease, the country’s central bank said on Monday. “As long as the there no significant setbacks with regard to......

Oil market sees improved demand, decline in surplus supply- Iraq minister

Reuters
Iraqi Oil Minister Ihsan Abdul Jabbar gestures as he stands next to Iraq’s Prime Minister Mustafa al-Kadhimi at the central station gas processing plant at Rumaila oilfield in Basra, Iraq, November 5, 2020. REUTERS/Essam Al-Sudani//File Photo CAIRO, July 18 (Reuters) – Iraqi Oil Minister Ihsan Abdul Jabbar said on Sunday......

Yellen sees ‘several more months of rapid inflation,’ worries about impact on homebuyers

CNBC
CNBC – For more and to sign up click here Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the Cabinet official added that she worries about......

OPEC sees world oil demand reaching pre-pandemic level in 2022

Reuters
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger LONDON, July 15 (Reuters) – OPEC stuck to its forecast for a strong recovery in world oil demand in the rest of......

Singapore sees cases spike in large karaoke lounge cluster

BBC
“We knew about cases like that happening in Korea, in Hong Kong, nightlife – people coming very close together, some with hostesses, and leading to big clusters. So we have never allowed such activities for the past more than one year,” Health Minister Ong Ye Kung said. BBC – For......

Singapore sees most COVID-19 cases in 10 months after karaoke cluster

Reuters
People who had visited a mall which became a coronavirus disease (COVID-19) cluster, queue up for their swab tests in Singapore May 20, 2021. REUTERS/Edgar Su SINGAPORE, July 14 (Reuters) – Singapore reported its highest number of local coronavirus cases in 10 months on Wednesday, after the discovery of a......

EXCLUSIVE Twitter sees jump in govt demands to remove content of reporters, news outlets

Reuters
People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken in Warsaw September 27, 2013. REUTERS/Kacper Pempel/File Photo July 14 (Reuters) – Twitter Inc (TWTR.N) saw a surge in government demands worldwide in 2020 to take down content posted by journalists......

Couples are ready to ‘go all out’ as wedding industry sees surge in business, says The Knot CEO

CNBC
CNBC – For more and to sign up click here Weddings, including those with larger budgets, are on the comeback after the pandemic forced widespread nuptial delays, Timothy Chi, CEO of wedding-planning website company The Knot Worldwide, told CNBC on Friday. “In the U.S., there’s about 2 million weddings that......

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