deltavariant
According to a Reuters survey of economists, the Delta variant is believed to be the main cause behind the deceleration of the U.S. economy in the third quarter. Ahead of Thursday’s advance gross domestic product report by the Commerce Department, GDP likely grew by 2.7%, the slowest pace in more than a year. Q3 2021 hedge fund letters, conferences and more Delta Variant ImpactAs reported by Fox Business, the cascading effect of covid infections, supply chain constraints, goods shortages, and high prices have played a role in the economy’s growth predictions. The Commerce Department report is ...
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The National Association for Business Economics (NABE) released a survey that predicts the economic recovery in the U.S. to hit 5.6% in 2021, a whole percentage point lower than the previous estimate. The deceleration is driven by fears of a vaccine-resistant COVID-19 variant. Q2 2021 hedge fund letters, conferences and more Economic Recovery Slows DownAs reported by Fox Business David Altig, president-elect of the NABE and the director of research at the Federal Reserve Bank of Atlanta, said: “NABE Outlook survey panelists have moderated their expectations about the prospects for economic gro...
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Marc Bernier, a conservative radio host from Florida and an outspoken critic of vaccine and mask mandates, died on Saturday following a month-long battle with COVID-19. Bernier, 65, often called himself “Mr. Anti-vax” on his radio. In a statement posted on Twitter, WNDB, the radio station that Bernier “informed and entertained listeners” for over 30 years, confirmed his death. “It’s with great sadness that WNDB and Southern Stone Communications announce the passing of Marc Bernier, who informed and entertained listeners on WNDB for over 30 years. We kindly ask that privacy is given to Marc’s f...
uPolitics.com
The Texas Education Agency (TEA) announced on Thursday that state public schools will no longer enforce Gov. Greg Abbott’s mask mandate ban. The TEA cited ongoing court challenges as the reason for enforcement being dropped. The TEA also issued a public health guidance letter, recommending that public schools should consult health officials and legal counsel when making decisions about mask mandates. Last month, Abbott issued an emergency order, stating that government entities were not allowed to instate mask mandates. Despite Abbott’s ban on mask requirements, dozens of entities within the s...
uPolitics.com
The recovery of the U.S. economy has been threatened by the Covid surge led by the Delta variant. However, experts agree that the country seems to be “turning the tide” against it, and a rebound is happening slowly. Q2 2021 hedge fund letters, conferences and more Delta Variant RateCNBC reports that cases are still increasing –with a rate of 150,000 a day– albeit at a slower pace, “giving rise to hope that business and consumer activity can keep the economy on track toward pre-pandemic levels.” Chris Meekins, health policy research analyst at Raymond James, said in a note: “The percent increas...
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It’s OK to like NVAX stock, but still demonstrate patience Q2 2021 hedge fund letters, conferences and more Novavax (NASDAQ:NVAX) stock is on a bullish run after the company’s most recent earnings report. After gapping down 19% after issuing its second-quarter report, NVAX stock has been on a tear; climbing 35%. The catalyst is the Delta variant of the novel coronavirus that is bringing the issue of global vaccine access to the forefront. The bullish case for Novavax illustrates the idea that it will take a village to get as many humans vaccinated throughout the world. At the beginning of the ...
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Below is a commentary from Craig Turner, senior commodities broker with StoneX Financial Inc., Daniels Trading Division. Turner discusses the impact of fed’s tapering talk and the fear of the spread of the Delta variant on the stock market. Q2 2021 hedge fund letters, conferences and more Federal Reserve TaperingThe latest Fed meeting minutes show most voting members agreeing they need to start tapering sooner rather than later. That means less monetary support for the markets and that is causing a "risk off" mentality in energy and copper this morning. Ags are lower, but we are also in a seas...
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Congress approved the first round of stimulus checks in March last year following the surge in coronavirus cases. Now, more than a year later, the cases are surging again due to the COVID-19 delta variant, but this time, Congress may not approve any new coronavirus stimulus checks. Q2 2021 hedge fund letters, conferences and more COVID Delta Cases On The RiseThe number of cases in the U.S. is on the rise again, with five states touching a new high with their seven-day average number of daily cases. Florida, Louisiana, Hawaii, Oregon and Mississippi hit a new high with their seven-day average o...
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The Biden administration has confirmed that the Department of Health and Human Services (HHS) sent 200 ventilators and 100 nasal breathing machines to Florida after an urgent request from the hospitals. The state now has more than 10,000 people hospitalized with COVID-19-related diseases. “The Department routinely works with the federal government to ensure adequate resources are available and ready to be distributed at all times, as done with this recent request,” Weesam Khoury, a spokesperson for the Florida Department of Health, said Wednesday. The previous report stated that the state had ...
uPolitics.com
UK GDP rose by 4.8% year on year in Q2, according to figures released today by the Office of National Statistics. The pattern of growth was erratic, with a 2.2% burst of growth in April slowing sharply to just 0.6% in May before accelerating once more to +1.0% in June. Fears that the arrival of the Delta variant and the “Pingdemic” that followed might impact growth have so far not really materialised. Overall, the figures were in line or slightly ahead of most forecasters’ expectations, but not quite matching the Bank of England’s 5.0% forecast made last week. Q2 2021 hedge fund letters, confe...
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