Opinion | 9/11 Reflections: We’d Like to Hear From You
As the 20th anniversary of 9/11 approaches, we ask readers to reflect on how the attack affected your life directly or changed your view of the world around you.
Submissions should be no more than 200 words. The deadline is Thursday, Sept. 9, at noon, Eastern time.
Email: [email protected]
Please include your name, city, state and contact information, and put “9/11 Reflections” in the subject line.
Crude Oil Futures Settle Lower On Demand Worries
Crude oil futures settled notably lower on Tuesday amid renewed worries about the outlook for energy demand due to continued surge in coronavirus cases in several countries.
The drop in prices was also due to Saudi Arabia’s decision to slash crude prices for Asia.
Data showing a strong rebound in China’s imports and exports capped oil’s losses.
China’s exports increased by 25.6% year-on-year in August, beating economists’ forecast of 17.1%. In July, exports surged up 17.1%. Imports were up 33.1% annually in August, after a 28.1% increase a month earlier. China’s trade surplus stood at $58.34 billion in August, well above the expected level of $51.05 billion.
West Texas Intermediate Crude oil futures for October ended down by $0.94 or about 1.4% at $68.35 a barrel.
Brent crude futures were down $0.61 or 0.85% at $71.61 a barrel a little while ago.
Saudi oil giant Saudi Aramco announced on Sunday that it will cut prices for all crude grades sold to Asia by at least $1 a barrel.
Further, uncertainty about the pace of global economic recovery following last week’s somewhat disappointing U.S. non-farm payrolls data also weighed on oil prices.
Gold Futures Settle Sharply Lower As Dollar, Treasury Yields Rise
Gold prices declined sharply on Tuesday, pushing the most active gold futures contracts to their biggest single-session loss in about a month.
A stronger dollar and a jump in Treasury yields weighed on the yellow metal.
The dollar index climbed to 92.54, gaining about 0.53%.
The benchmark 10-year yields jumped to a more than one-week high today as investors assessed the global outlook against the backdrop of rising Delta coronavirus cases and signs of a slowdown in the economic recovery.
Gold futures for December ended down by $35.20 or about 1.9% at $1,798.50 an ounce, snapping a four-day winning streak.
Silver futures for December ended lower by $0.429 at $24.373 an ounce, while Copper futures for December settled at $4.2815 per pound, down $0.0525 from the previous close.
Traders also looked ahead to the upcoming meeting of the European Central Bank. It is expected that the ECB might act to slow down its massive bond-buying program in light of recent stronger-than-expected inflation data.
Apple Announces Sept. 14 Launch Event
Tech giant Apple Inc. (AAPL) Tuesday announced that it will be holding its annual launch event on Tuesday, September 14 at 10:00 a.m. The event will take place at the Steve Jobs Theater on the Apple Park campus in Cupertino, California.
Like last year’s event, this year’s will be also held virtually with no media members invited to attend in person. The launch will be streamed on Apple’s website.
Apple, which usually unveils new iPhones in September, had launched the last year’s iPhone 12 in October, delayed due to the Covid-19 pandemic. During the September event, the company unveiled the Apple Watch Series 6, Apple Watch SE, new iPads among other services.
However, as this year, things are back to normal, Apple is expected to launch its next-gen iPhone 13 models, the Apple Watch Series 7, and as well a new updated AirPods.
According to macrumors.com, the new iPhone 13? models will be similar to the iPhone 12 models with few design changes. Apple are also reportedly planning to release a 5.4-inch ?iPhone 13? mini, a 6.1-inch ?iPhone 13?, a 6.1-inch ?iPhone 13? Pro, and a 6.7-inch ?iPhone 13? Pro Max.
European Economics Preview: Eurozone Unemployment, Final PMI Data Due
Final manufacturing Purchasing Managers’ survey results and unemployment from euro area are due on Wednesday, headlining a busy day for the European economic news.
At 2.00 am ET, UK Nationwide house price data is due for August. House price inflation is forecast to ease to 8.6 percent from 10.5 percent in July.
In the meantime, retail sales data is due from Germany. Economists forecast sales to grow 3.7 percent annually in July, following a 6.2 percent rise in June.
At 3.00 am ET, manufacturing PMI survey results are due from Poland, Turkey and Hungary. Also, GDP figures are due from Austria, Hungary and Turkey.
At 3.15 am ET, IHS Markit publishes Spain’s manufacturing PMI survey results. The PMI is seen at 58.9 in August versus 59.0 in July.
At 3.45 am ET, Italy’s manufacturing PMI is due. Economists forecast the index to fall to 60.1 in August from 60.3 in July.
Thereafter, final PMI survey results are due from France and Germany at 3.50 and 3.55 am ET, respectively.
At 4.00 am ET, Eurozone final PMI survey results are due. The PMI score is seen at 61.5 in August, unchanged from the flash estimate.
Also, Italy’s Istat publishes quarterly unemployment data.
Half an hour later, UK Markit/CIPS manufacturing PMI is due. The final reading is expected to match the flash score of 60.1.
At 5.00 am ET, Eurostat is slated to release euro area unemployment data for July. Economists forecast the jobless rate to fall to 7.6 percent from 7.7 percent in June.
Impossible Foods Launches Plant-based Chicken Nuggets
Plant-based meat products maker Impossible Foods on Tuesday launched its meatless chicken nuggets in restaurants. The company also plans to make the new product available in supermarkets by the end of the month.
“Impossible Chicken Nuggets” will feature on the menus of restaurants across the US starting Tuesday, including at David Chang’s fried chicken concept Fuku in New York City; Marcus Samuelsson’s comfort food eatery Red Rooster in Harlem and Miami; Sean Brock’s fast-food tribute Joyland in Nashville; Tal Ronnen’s Los Angeles hotspot Crossroads Kitchen; and El Alto Jr., a new family-friendly pop-up from Traci Des Jardins at the new State Street Market in Los Altos, California.
“We are tremendously excited about our Impossible Nuggets. But this launch isn’t really about nuggets. It’s about the historic inflection point we’ve reached. For the first time, consumers unquestionably prefer meat made from plants instead of meat from an iconic animal,” said Pat Brown, founder and CEO of Impossible Foods. “In the battle for the future of food, this is the first time David has categorically bested Goliath, but it won’t be the last.”
Impossible’s meatless nuggets are made from soy and sunflower oil. According to the company, the nuggets have 40 percent less saturated fat and 25 percent less sodium than animal-based chicken nuggets.
The product will be available with leading retailers including Walmart, Kroger, Albertsons, Safeway, ShopRite, Giant Stores, Gelsons later this month. Impossible Foods plans to will expand availability to more than 10,000 grocery stores later this year.