Oil Prices Fall On Economic Worries

Murder in a French Mountain Village

Our crime columnist raves about Samira Sedira’s “People Like Them,” as well as Willa C. Richards’s debut, “The Comfort of Monsters.”

By Sarah Weinman

Novels that explore the effects and aftermath of serial murder, especially over the course of decades, always capture my interest.

What is Google CEO Sundar Pichai's net worth and salary?

DONALD Trump announced he is suing Facebook, Twitter, and Google and their CEOs Mark Zuckerberg, Jack Dorsey, and Sundar Pichai.

But who is Sundar Pichai and what is his net worth? Here's all you need to know…

Who is Alphabet and Google CEO Sundar Pichai? 

Sundar Pichai is an Indian-American business executive.

He is the chief executive officer of Alphabet Inc. as well as of Google.

Pichai was born in Madras, India, and studied engineering at IIT Kharagpur.

He then moved to the US where he studied at Stanford University and the Wharton School of the University of Pennsylvania.

Pichai was included in Time magazine's 100 Most Influential People in 2016 and 2020.

What is Sundar Pichai's net worth? 

Sundar Pichai’s net worth is $600million (£433million) according to Celebrity Net Worth.

How much does he earn as the boss of Google? 

In 2020 he received an annual salary of $2million (£1.4million) as well as a $240million (£173million) stock package.

What jobs did Sundar Pichai do before being CEO of Alphabet?           

Pichai began his career as a materials engineer. 

He worked a a short stint at the management consulting firm McKinsey & Co., before joining Google in 2004.

He is credited with being largely responsible for Google Drive and oversaw the development of Gmail and Google Maps.

    Gold Futures Settle Higher, Record 3rd Straight Weekly Surge

    Gold futures settled higher on Friday, and recorded their third straight week of gains, amid continued uncertainty about the pace of global economic recovery due to the surge in coronavirus variants in several parts of the world.

    Gold gained as Treasuries halted an eight-day rally fueled by concerns about global growth. U.S. 10-year Treasury yields were up nearly 4 bps after having fallen 14 basis points in the first four days of the week.

    The dollar’s weakness supported the yellow metal. The dollar index dropped to 92.16, down nearly 0.3% from the previous close.

    Gold futures for August ended up by $10.40 or about 0.6% at $1,810.60 an ounce. Gold futures gained a little more than 1.5% in the holiday-shortened week.

    Silver futures for September ended higher by $0.247 or about 1% at $26.234 an ounce, while Copper futures for September settled at $4.3455 per pound, gaining $0.0810 or nearly 2%.

    In U.S. economic news today, wholesale inventories increased by more than expected in the month of May, according to a report released by the Commerce Department.

    The report said wholesale inventories surged up by 1.3% in May after jumping by an upwardly revised 1.1% in April. Economists had expected wholesale inventories to jump by 1.1% compared to the 0.8% increase that had been reported for the previous month.

    Three-Year Note Auction Attracts Average Demand

    The Treasury Department kicked off this week’s series of announcements of the results of long-term securities auctions on Monday, revealing that the sale of $58 worth of three-year notes attracted average demand.

    The Treasury said the three-year note auction drew a high yield of 0.426 percent and a bid-to-cover ratio of 2.41.

    Last month, the Treasury also sold $58 billion worth of three-year notes, drawing a high yield of 0.325 percent and a bid-to-cover ratio of 2.47.

    The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

    The ten previous three-year note auctions had an average bid-to-cover ratio of 2.42.

    The Treasury is due to announce the results of this month’s auction of $38 worth of ten-year notes later today, while the results of its auction of $24 worth of thirty-year bonds will be announced on Tuesday.

    Typing Classes, the Aubrey-Maturin Series and Other Letters to the Editor

    Type Writer

    To the Editor:

    In her letter to the editor (June 27), inspired by a review of Danielle Dreilinger’s “The Secret History of Home Economics,” Jane Feder relates how as an eighth grader she regretted being automatically assigned to a sewing class while boys were placed in “shop” class.

    A July Menu to Celebrate Summer’s Bounty

    David Tanis looks to tomatoes, lamb and apricots to anchor the courses in his seasonal market menu.

    By David Tanis

    Midsummer means the market is brimming with great produce. With such a colorful bounty of goods, we can settle into our summer cooking routines with tasty meals that are bright, casual and best enjoyed outdoors as much as possible.

    Oil Prices Fall On Economic Worries

    Oil prices fell more than 1 percent on Monday as investors fretted about the spread of Delta variant across most regions of the world and slow pace of vaccinations.

    Brent crude futures for September delivery fell 1.4 percent to $74.48 a barrel, while U.S. West Texas Intermediate crude futures for August settlement were down 1.4 percent at $73.49.

    Both benchmarks lost around 1 percent last week after the collapse of output talks between the Organizations of the Petroleum Exporting Countries.

    Leaders of the G20 nations admitted over the weekend that COVID-19 variants could threaten the economic recovery from the pandemic.

    In their final statement issued late Saturday, the finance ministers of the world’s 20 largest economies warned that the global economic recovery is at risk from the rise of new coronavirus variants and poor access to vaccines in developing countries.

    The prospect of an extended lockdown in Sydney loomed as Australian health officials reported yet another record daily rise in Covid-19 cases.

    In South Korea, the government has put its capital Seoul under the toughest anti-COVID curbs so for.

    The foreign ministry extended a travel ban on six countries in the Middle East and other regions, and some parts of the Philippines, for another six months, citing prolonged security risks.

    There were over 2.6 million new cases last week, with Europe experiencing a sharp increase of 30 percent, the WHO said in its latest epidemiological update.