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Opinion: Here’s what the Delta variant means for the economic recovery

Consumers are increasingly nervous about the variant, sparking concerns they will turn more skittish in their spending. Retail sales for July declined, while the University of Michigan’s survey of consumer sentiment pulled back sharply in early August and is now lower than it was during the worst of the pandemic last spring. Spiking inflation isn’t […]

UK inflation slows more than expected to 2%, first easing since February – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. UK inflation has slowed more sharply than expected in July, with the annual rate falling to 2% from 2.5% in June, the Office for National Statistics said. Economists had pencilled in a rate of 2.3%. It […]

Verizon’s 5G network is advancing Indy’s tech economy

Indianapolis is widely recognized as a major player in the U.S. high-tech sector, especially when compared to other cities of its size. It’s no surprise Verizon chose Indianapolis to be one of the first cities in the country to experience Verizon’s cutting-edge 5G network. As Verizon continues to invest in and deploy its 5G network […]

Could a launch for drone boats at Willoughby Spit drive economic development? Norfolk hopes so.

Though the design isn’t finalized, the grant would separate around 3,000 square feet from the boat ramp property and fence it off as a testing area, said Bob Sharak, senior business development manager for Norfolk’s economic development department. In that space, the city would install a floating dock to launch unmanned vehicles about the size […]

Pound hits 3-week low vs dollar as risk appetite weakens

* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv By Ritvik Carvalho LONDON, Aug 17 (Reuters) – Britain’s pound hits its lowest level in three weeks against the dollar on Tuesday as weakening risk sentiment weighed on global stock markets, hitting risk-correlated currencies including the commodity-linked Australian, Canadian […]

Afghanistan is disaster, but these two market risks are worse: Invesco

There are two risks high on Invesco’s radar, but the Taliban takeover in Afghanistan isn’t one of them. Kristina Hooper, the firm’s chief global market strategist, sees a Federal Reserve policy mistake and the Covid-19 delta variant as bigger threats to the U.S. economy and stocks. “This [Afghanistan] is certainly a human tragedy. It’s a […]

The thriller ‘The Island’ is marred by clumsy prose

This image released by St. Martin’s Press shows “The Island” by Ben Coes. (St. Martin’s Press via AP) This image released by St. Martin’s Press shows “The Island” by Ben Coes. (St. Martin’s Press via AP) “The Island,” by Ben Coes (St. Martin’s Press) An army of 500 Iranian terrorists launch an attack on Manhattan, […]

How Long Will the Boom Continue?

The U.S. economy has been on a bit of a roll… Oxford Economics’ Recovery Tracker — which factors in things like demand, production, employment and public health — posted its 18th consecutive weekly gain at the end of June. The growth has been broad-based, too. Toward the end of June, 44 states posted a weekly […]

Asia stocks slip as China’s economy stumbles

An investor looks at an electronic board showing stock information at a brokerage house in Beijing, August 27, 2015. REUTERS/Jason Lee/File Photo Asian stock markets : https://tmsnrt.rs/2zpUAr4 China data all miss forecasts, retail sales weak Dollar suffers confidence blow, yields fall further Geopolitics a focus as Taliban takes Afghanistan Oil slips on concerns Delta hitting […]

S&P 500, Gold Prices, US Dollar, FOMC Minutes, NZD/USD, RBNZ Rate Hike?

Stocks on Wall Street mostly ended on an upbeat this past week, with the S&P 500 and Dow Jones Industrial Average rising about +0.71% and +0.87% respectively. It was the tech sector that underperformed, with the Nasdaq Composite falling about -0.09%. An initial push higher in Treasury yields helped bolster cyclical shares, but that narrative […]