The US economy heads toward a steady recovery.
The US economy is seemingly on the rebound, as the weekly jobless claims were much lower than anticipated. While it is a bit early to speak about a positive trend, it might just be a sign that the situation is improving, and should the US government approve the stimulus package program, even reduced, it might be enough to start the recovery.
OPEC+, after long and arduous discussion, extends the output cuts even further. This might lead to a substantial recovery in demand, as the world starts to come out of the pandemic-induced haze.
Cryptocompare shows that cryptocurrency trading volumes jumped up to $2.7 trillion in February, while exchanges report the increase in volume at $2.4 trillion. Cryptocurrency popularity shows no signs of slowing down, for now, as Visa expands its reach to crypto users.
Amazon is under scrutiny in India over a scandalous reception of their film “Tandav”. It puts the company in a difficult position on a key growth market, as both Bollywood and religious authorities are put on edge over it.
After remarks from Federal Reserve Chair Jerome Powell about longer-term US bond yields, investors were met with a sharp dive from the Wall Street indexes. That includes NASDAQ, which was left almost 10% lower than its record February high, showing that it and other US indices could be at the beginning of a correction.
|Britain’s competition regulator said on Thursday it has opened an investigation into Apple Inc after complaints that the iPhone maker’s terms and conditions for app developers are unfair and anti-competition.|
|Nickel and microchip shortages are causing delays in the manufacturing activity of both automakers and electronics, caused Tesla’s Fremont California plant to shut down for two days.|
||Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has offered this type of insurance to its clients.|