U.S. industrial production increased for a second straight month in April as more factories came online after being shutdown by winter ice storms. Industrial production — which includes output at factories, mines and utilities — rose 0.7% last month, down from a sharp gain of 2.4% in March, the Federal Reserve reported Friday. Manufacturing output rose 0.4%, even as a shortage of semiconductor chips caused auto production to fall.
The Turkish Grand Prix was a late add to the 2021 schedule after the Canadian Grand Prix was canceled due to COVID-19.
Culp, Inc. (NYSE: CULP) today announced that Jeff Tsacoumangos has been named Head of Global Strategic Transformation, Supply Chain and Service for Culp Home Fashions ("CHF"), the company’s mattress fabrics division. Tsacoumangos has served as Director of Quality Assurance and Continuous Improvement since 2016, where he has been responsible for oversight of quality and continuous improvement initiatives for CHF’s manufacturing plants. He will continue to report to Sandy Brown, president of CHF.
Those who are fully vaccinated just got the green light to dump their masks. And real estate investors could benefit in many ways.
London and the North West have seen the biggest rise in cases of the variant.
UK holiday firms have experienced huge demand for trips to Portugal since the UK Government put the country on its green list for travel.
Earlier, the three major indexes rebounded after declining sharply earlier this week.
UK to allow ‘surge vaccination’ in Covid hotspots hit by Indian variantPM to outline how government will counter sharp rise in infections linked to B.1.617.2 variantCoronavirus – latest updatesSee all our coronavirus coverage Members of the public arrive at Blackburn Cathedral, which is being used as a mass vaccination centre. Photograph: Jon Super/AP
Mohammad Asif was one of hundreds of people who acted to stop an enforcement van in Glasgow’s southside on Thursday.
Here's the latest on stimulus checks -- including who's gotten paid and what to do if you haven't.
(Bloomberg) -- U.S. equities rose and Treasury yields declined for a second consecutive day as more-tempered commodity prices helped allay concerns about inflation risks.Energy and technology shares led the benchmark S&P 500 Index higher. Futures had earlier pared gains after a report showed U.S. retail sales stalled in April. The tech-heavy Nasdaq 100 also rose, suggesting a market recovery is gaining momentum, after a bruising week that saw gathering price pressures hit equities. An advance in European stocks was led by cyclical industries. MSCI Inc.’s Asia-Pacific share gauge advanced more than 1%.Markets appear to be regaining their equilibrium at the end of their biggest retreat in 11 weeks, with the focus of the benefits of an economic rebound overriding worry about the negative side-effect of inflation, for now.That may help to reinvigorate the reflation narrative of picking value shares tied to economic growth over pandemic stay-at-home favorites. Walt Disney Co. fell after results that showed a faltering in growth at streaming service Disney+.“Stocks with more attractive valuations and slower growth will do well in a higher-interest rate environment,” according to Louise Dudley, global equities portfolio manager at the international business of Federated Hermes. Expensive growth stocks, by contrast, “are sensitive to higher interest rates,” she wrote in a note to clients.Treasuries remained higher after the report showed retail sales stalled in April following a sharp advance in the prior month. The dollar remained weaker against all of its Group of 10 peers.Iron ore continued its fall from a record amid efforts by China to clamp down on surging prices, with the metal set for the biggest two-day plunge since 2019. Oil erased an earlier decline, paring its weekly loss.Bitcoin traded above $50,000, reversing some of its slump on Tesla Inc.’s decision to suspend purchases using the digital currency.The MLIV Question of the Day is: When Can Crypto Reach Mainstream Investing?These are some of the main moves in markets:StocksThe S&P 500 rose 0.8% as of 9:30 a.m. New York timeThe Nasdaq 100 rose 1.1%, more than any closing gain since April 23The Dow Jones Industrial Average rose 0.7%The Stoxx Europe 600 rose 0.8% at 9:30 a.m. New York time, the most since May 7The MSCI World index rose 1% at 9:30 a.m. New York time, the most since May 7CurrenciesThe Bloomberg Dollar Spot Index fell 0.4% at 9:30 a.m. New York time, the most since May 7The euro rose 0.5% to $1.2137The British pound rose 0.3% to $1.4088The Japanese yen rose 0.1% to 109.35 per dollarBondsThe yield on 10-year Treasuries declined two basis points to 1.64%Germany’s 10-year yield declined one basis point, more than any closing loss since May 4Britain’s 10-year yield declined four basis points, more than any closing loss since May 4CommoditiesWest Texas Intermediate crude rose 1.6% to $65 a barrelGold futures rose 0.8% to $1,838 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Tell us: have you been affected by UK high street banks shutting down?. Bank branches are closing down at an alarming rate in the UK. We would like to know how people who are reliant on these branches have been affected
Government ministers have said they cannot rule out imposing local restrictions to suppress its spread.
A herd of wild boar surrounded a woman who had just come out of a supermarket in Italy and stole her shopping. A video posted on social media shows the animals approaching the woman in a car park in the village of Le Rughe. The animals pursue the woman who is forced to drop her shopping bag, which the animals gleefully raid.
Thank you very much for sparing your time to join us here today at the announcement of Honda Motor Company's FY '21 financial results. First, Executive Vice President Kuraishi will give you the outline of FY '21 financial results and FY '22 financial forecasts.
The New York representative made history in 2014 as the youngest woman then ever elected to Congress
A tree trimmer in rural Northern California has been charged in throat-slashing serial killings that left three people dead, prosecutors announced Thursday.
PaperWorks Industries, Inc. has announced the appointment of Brian Janki to the posts of President & CEO and member of the Board of Directors.
The OLB Group, Inc. ("OLBG," "we," "us," "our," or the "Company"), a FinTech company, has announced financial results for first quarter ended March 31, 2021.
Press release May 14, 2021, 15:30 Sdiptech divests Aufzüge Friedl GmbH and ST Lift GmbH Sdiptech AB (publ) has today entered into an agreement to divest its elevator business in Austria consisting of Aufzüge Friedl GmbH and ST Lift GmbH (together Aufzüge Friedl) to founder and minority owner Jürgen Friedl. The purchase price for Sdiptech's holding of 51 percent amounts to EUR 6 million on a cash and debt-free basis. Sdiptech's Austrian elevator operations Aufzüge Friedl specialises in the renovation, modernisation and service of elevators in Vienna. The business units are part of Sdiptech's business area Property Technical Services and currently have annual sales of approximately EUR 8 million and an operating profit (EBIT) of approximately EUR 1 million, of which Sdiptech's share is 51 percent. The sale is conducted at an EV/EBIT multiple of approximately 12. "The divestment is in line with Sdiptech’s set direction to concentrate growth efforts to the Water & Energy and Special Infrastructure Solutions business areas. After the transaction, Croatian Metus is Sdiptech's remaining elevator business. With a unique service offering to global elevator companies, a proprietary product and production and a local service business, Metus has a strong market position. Sdiptech therefore does not expect any further changes in the elevator business”, says Jakob Holm, CEO of Sdiptech. The divestment is expected to be completed within 30 days. For additional information, please contact:Jakob Holm, VD, +46 761 61 21 91, email@example.com Bengt Lejdström, CFO, +46 702 74 22 00, firstname.lastname@example.orgMy Lundberg, IR & Sustainability Manager, +46 703 61 18 10, email@example.comSdiptech's common share of series B share is traded under the short name SDIP B with ISIN code SE0003756758. Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348. Sdiptech AB's Certified Adviser at Nasdaq First North Premier Growth Market is Erik Penser Bank, +468-463 83 00, firstname.lastname@example.org. Further information is available on the company's website: www.sdiptech.com Sdiptech AB is a technology group with a primary focus on infrastructure segments critical to well-functioning societies and to welfare, e.g. water & sanitation, power & energy, transportation, energy efficiency and air climate. As part of our offering in urban areas, we also provide niched technical services for buildings and real-estate such as renovation of elevators and roofs. The company has approximately SEK 2,000 million in sales and is based in Stockholm. Sdiptech AB (publ) is required to disclose this information pursuant to EU Market Use Regulation 596/2014.The company is based in Stockholm. The information was provided by the above contact persons for publication May 14, 2021 at 15:30 CEST. Attachment Sdiptech_Friedl_20210514_Eng