Life

European Economics Preview: Swiss GDP Data Due

What Is Driving Lithium Americas Stock?

Shares of Lithium Americas Corp. (LAC) are gaining over 8% on Monday morning despite no stock-specific news statement from the company. LAC is currently trading at $38.77, up $3.08 or 8.63%, on the NYSE.

Lithium Americas operates as a resource company in the United States. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and Thacker Pass project located in north-western Nevada.

This is what it's like to work in an Amazon warehouse

New York (CNN Business)Amazon is lifting a mask mandate for fully vaccinated warehouse workers beginning Tuesday.

Vaccinated Amazon workers will no longer have to wear a face covering in the warehouse unless a federal, state or local law requires it. In a statement, Amazon said it continues to evaluate Covid-19 safety measures and is making adjustments with public health authorities and its own medical experts to “prioritize the health and safety of employees.”
Amazon (AMZN) reinstated a mask mandate for its US warehouse employees in August as the Delta variant led to a spike in Covid cases across the world. The company had previously relaxed its mask requirement in May for fully vaccinated US warehouse workers, at least in areas where local regulations did not continue to require them.

    More recently, Amazon said it would stop offering on-site Covid-19 testing by the end of July, citing the wide availability of testing and vaccines.

      Amazon’s business boomed during the pandemic as households and companies leaned on its various services. But the company was criticized early on in the pandemic after some workers said the company had not provided sufficient protective gear or adequately sanitized its warehouses, leading to protests and lawsuits.

      — CNN Business’ Brian Fung contributed to this report.

      What Makes a Wine Great? It’s Not Just Old and Complex.

      It ought to have a sense of place, and it needs to refresh. Beyond that, great wines are those that best fit the particular occasion.

      Send any friend a story

      As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.


      By Eric Asimov

      ‘Omicron fogs global economic outlook’

      Moody’s Analytics flags unknowns

      The Omicron variant of COVID-19 adds new uncertainties to the global economic outlook but much will depend on its speed of transmission, hospitalisation and death rates, and also the effectiveness of vaccines, Moody’s Analytics said on Monday.

      In its commentary titled ‘Much to Learn About Omicron — Fast’, Moody’s Analytics said although the variant appears to spread “remarkably quickly”, it will be at least two more weeks before more will be known about it. It added that for the Asia-Pacific region there are specific factors to follow in coming weeks, as at least two cases of Omicron have already been detected in Hong Kong and Australia.

      “Will policymakers in the region respond by accelerating vaccination programmes? Countries including Myanmar, Laos, Indonesia, India, Hong Kong, Thailand, the Philippines and Vietnam have still vaccinated less than 65% of their populations (12 years of age and older),” it said.

      CbdMD Gains On Exclusive Agreement With Amazon’s Amify Platform

      cbdMD, Inc. (YCBD) shares are trading more than 27 percent higher on Monday morning after the company announced a multi-year exclusive agreement with Amify, an Amazon.com Inc. platform partner.

      As per the agreement, Amify will act as cbdMD’s exclusive CBD partner to launch products on the Amazon platform as soon as the category is accepted and becomes available.

      Currently, shares are at $1.88, up 26.83 percent from the previous close of $1.49 on a volume of 21,015,846. For the 52-week period, the shares have traded in a range of $1.33-$6.83 on average volume of 213,742.

      European Economics Preview: Eurozone Flash Composite PMI Data Due

      Flash composite Purchasing Managers’ survey results from Eurozone and the UK are due on Tuesday, headlining a light day for the European economic news.

      At 3.15 am ET, IHS Markit releases France flash composite PMI data for November. Economists forecast the composite output index to fall to 53.6 in November from 54.7 in October.

      At 3.30 am ET, Germany’s flash PMI survey results are due. The composite index is seen easing to 51.0 in November from 52.0 a month ago.

      At 4.00 am ET, IHS Markit is scheduled to issue euro area preliminary composite PMI data. Economists expect the composite output index to drop to 53.2 in November from 54.2 in October.

      In the meantime, retail sales are due from Poland. Sales are forecast to climb 12.4 percent on year, following an 11.1 percent rise in September.

      Half an hour later, UK Markit/CIPS composite Purchasing Managers’ survey results are due. The composite PMI is forecast to fall to 57.5 from 57.8 in October.

      European Economics Preview: Swiss GDP Data Due

      Quarterly national accounts data from Switzerland is due on Friday, headlining a light day for the European economic news.

      At 2.00 am ET, Destatis releases Germany’s import prices for October. Import price inflation is expected to climb to 19.6 percent from 17.7 percent in September.

      In the meantime, retail sales and household consumption figures are due from Norway.

      At 2.45 am ET, France Insee is scheduled to issue consumer sentiment survey results. The confidence index is expected to fall marginally to 98 in November from 99 in October.

      At 3.00 am ET, the State Secretariat for Economic Affairs, or SECO, releases Swiss GDP data for the third quarter. Economists forecast the economy to grow 2 percent sequentially after rising 1.8 percent in the second quarter.

      In the meantime, economic tendency survey results are due from Sweden.

      At 3.30 am ET, Statistics Sweden publishes retail sales for October. Sales had dropped 0.3 percent on month in September.

      At 4.00 am ET, the European Central Bank releases monetary aggregates for October. M3 is forecast to grow 7.4 percent annually, the same rate as seen in September.

      Also, business confidence from Italy and manufacturing Purchasing Managers’ survey results from Austria are due.