Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?
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Share to Twitter Share to Linkedin Your first solo trip may seem daunting as you’re responsible for the entire planning process and getting around. At the same time, it can also be enriching and liberating to navigate independently and do as you please. These tips can help make it easier to enjoy your travels while staying safe when traveling alone. Research The Destination It’s best to plan your tentative activities, accommodations and transportation plans ahead of schedule. Tracking the latest travel restrictions can prevent travel mishaps too. As you plan your trip, read visitor reviews and search for potential red flags and risk factors. Visiting highly-rated establishments can increase your safety. Booking in advance can also prevent travel surprises. Advance reservations can also potentially help secure a lower price. Don’t Rush Your Trip Booking a flight with a tight connection window or not allowing enough time at one destination … [Read more...] about 7 Tips For Your First Solo Trip
GAS LINES IN AMERICA… Four Governors Declare States Of Emergency Due To Gasoline Shortage Four governors declared states of emergency in response to gas shortages brought on by the Colonial Pipeline hack. Democratic North Carolina Gov. Roy Cooper declared a state of emergency on Monday due to his state’s gas shortage. Republicans Govs. Brian Kemp of Georgia and Ron DeSantis of Florida, and Democratic Virginia Gov. Ralph Northam declared states of emergency on Tuesday. Republican South Carolina Gov. Henry McMaster announced that he would not declare a new state of emergency because the state was already in one due to the COVID-19 pandemic. Kemp suspended Georgia’s gas taxes, while Cooper eliminated transportation regulations. McMaster instituted anti-price gouging laws. Virginia Republicans called on Northam to suspend the state’s gas tax. CBS NEWS… The South was being hit hardest. Late Monday, almost 6.5% of gas stations in Virginia were out of fuel, … [Read more...] about Editor Daily Rundown: Governors Declare States Of Emergency In Response To Gas Shortages
- A + A OSLO/STOCKHOLM (Aug 9): Soaring power prices are forcing a bitcoin miner and data centre operator in southern Norway to head north. Kryptovault AS is moving operations north of the Arctic Circle, where electricity is much cheaper, chief executive officer Kjetil Hove Pettersen said. Staying put would mean doubling a power bill that last year hit 202 million kroner (RM92.7 million) and typically makes up more than 80% of the company's operating expenses, he said. The energy crisis gripping Europe has been exacerbated in southern Norway as a dry spring depleted many giant reservoirs that are vital for local power generation. But it is a different story in the country's north, where there is ample water and it is hard to send flows to other regions. Prices in the most northern price zone where Krytovault will set up shop are a small fraction of those in the south. "The relocation project will of course add other expenses and complications, however, with … [Read more...] about Norwegian bitcoin miner heads north to escape record power bills