Levi Strauss forecast disappoints as virus resurgence shutters stores

© Reuters. The Levi Strauss & Co. logo is seen on display ahead of IPO on floor of New York Stock Exchange (NYSE) in New York (Reuters) – Levi Strauss & Co (NYSE:) on Wednesday forecast first-quarter results below analysts’ estimates as the resurgence of COVID-19 shutters the denim maker’s stores in major markets, sending […]

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Biden administration to purchase millions more vaccine doses to curb virus

2/2 © Reuters. U.S. President Biden speaks about his administration’s plans to strengten American manufacturing at the White House in Washington 2/2 WASHINGTON (Reuters) – The Biden administration will purchase 200 million more coronavirus vaccines and funnel more to states now, in a bid to deliver on the U.S. president’s promise to curb the pandemic, […]

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The Trump years: Tax cuts and trade wars overshadowed in the end by a virus

2/2 © Reuters. FILE PHOTO: U.S. President Trump displays signature after signing tax bill into law at the White House in Washington 2/2 By Howard Schneider WASHINGTON (Reuters) – From trade wars to tax cuts, from ultra-low unemployment to record highs on stock markets and a high-volume feud with his own Federal Reserve chief, President […]

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Futures ease from all-time highs as virus cases surge

By Medha Singh (Reuters) – U.S. stock index futures slipped from record levels on Monday, as investors assessed a surge in coronavirus cases and faltering economic indicators following a solid run on hopes of more fiscal stimulus. Global infections surpassed 90 million and several health experts said the rollout of vaccines in many countries will […]

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US may be dealing with its own more-transmissible virus variant

It may be 50% more-transmissible A White House covid task force document seen by NBC News highlights a variant in the US that might be 50% more-transmissible and may be spurring the latest jump in cases. Yesterday cases hit nearly 300K and deaths were near 4000. The new variant, in addition to the U.K. variant, […]

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Futures slip on rising virus cases; eyes on stimulus deal

© Reuters. FILE PHOTO: A trader wearing a protective face mask walks, as the global outbreak of the coronavirus disease (COVID-19) continues, at the New York Stock Exchange (NYSE) in the financial district of New York By Shriya Ramakrishnan (Reuters) – U.S. stock index futures dipped on Monday as surging coronavirus cases threatened to further […]

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EU governments reportedly not ready for common virus testing procedures for travel

Reuters reports, citing a EU document on the matter This is a bit of a blow to airlines and the leisure sector as there is said to be divisions among EU states on the use of rapid antigen tests for travel. The lack of a common testing procedure will only serve to draw up more […]

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Australia back on outbreak alert as state reports jump in virus cases

SYDNEY (Reuters) – The Australian state of South Australia reported 14 new coronavirus cases on Monday from three cases the previous day, which prompted a neighbouring state to reimpose border controls and the federal government to offer help. South Australia ended a months-long streak of no COVID-19 infections on Sunday, reporting three locally-acquired coronavirus cases […]

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Virus Spreads, China Congratulates Biden, Disney Upbeat – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — Cities and states tighten their restrictions on social gatherings as the Covid-19 pandemic gains momentum. China acknowledges Biden’s victory. Stocks are set to reverse Thursday’s losses, supported by an upbeat update from Disney , but oil is in the doldrums again. Here’s what you need to know in […]

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Vitol, Trafigura see further oil demand destruction from second virus wave

© Reuters. By Florence Tan and Koustav Samanta (Reuters) – Global oil traders Vitol [VITOLV.UL] and Trafigura expect a resurgence in coronavirus cases in Europe and the United States to hurt fuel demand although their estimates vary. A second virus wave would see oil demand destruction at about 1 million barrels per bay (bpd) in the […]

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