Author: super@dmin
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Coronavirus Update: U.S. COVID daily death toll at highest level since last winter’s peak, and WHO says global case tally set record in latest week
The U.S. daily death toll from COVID-19 rose to its highest level since last winter’s peak on Tuesday, according to a New York Times tracker and other sources, after the surge in cases in December and January driven by the highly transmissible omicron variant.
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Deep Dive: 24 software stocks, including Microsoft, expected to rise by double digits over the next year
The software sector has suffered a sharp pullback this year in the stock market. For the expected rebound, the most rapid sales growers may fit the bill.
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Crypto: Goldman Sachs alum’s new cryptocurrency platform offers social sentiment for investing
Domain Money will monitor social media, among other innovations
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Economic Report: New-home sales surge higher as supply shrinks
The supply of new homes for sale has shrunk considerably as buyers snatch up whatever inventory they can find in today’s tight market.
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The Tell: Stock-market selloff is so overdone, the bar is low for a positive Fed surprise, say JPMorgan analysts
The stock-market selloff is even more severe than it looks on the surface, setting a low bar for a positive surprise from the Fed, say analysts led by Dubravko Lakos-Bujas at JPMorgan.
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London Markets: Shell, BP rally to lift FTSE 100; Fresnillo slumps
Shell and BP rallied Wednesday, as the two oil majors benefit from the continued strength in oil prices.
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The Fast Foodist: I got $63 worth of fast food freebies on my birthday — was it worth it?
Our birthday haul included 11 edible gifts — pizza, doughnuts and more — worth a total value of $63
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Project Syndicate: Inflation will hurt both stocks and bonds, so you need to rethink how you’ll hedge risks
A 60/40 portfolio will bring massive losses, so it’s time to invest in something other than bonds to provide some safety and income, writes Nouriel Roubini.
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Bond Report: Treasury yields drift lower as Fed policy update looms
Yields for U.S. government debt were unchanged to slightly lower Wednesday morning ahead of the Federal Reserve’s announcement.
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Europe Markets: European stocks in rally mode as investors wait for Fed decision
European stocks are tracking a bounce for global stocks, with all eyes on the outcome of a Fed meeting later.