US PGA Championship prize money 2021: How much is at stake at Kiawah Island and how does it compare to other paydays in men’s golf? May 19, 2021 The Wanamaker Trophy is the target for the cream of men’s golf this week at the US PGA Championship – and the prize money isn’t bad either. A total purse of $11m is up for grabs at Kiawah Island in South Carolina, where play is due to begin on Thursday. From that, the winner will [...]
UK CPI: Inflation rate surges to 1.5 per cent in April May 19, 2021 UK inflation more than doubled to 1.5 per cent in April, up from 0.7 per cent in March, the Office for National Statistics (ONS) said this morning. Economists had forecast a rise of 1.4 per cent, as a jump in electricity and gas bills pushed inflation higher. Core inflation, which excludes energy prices and other [...]
FTSE 100 rebounds from five-week low while Wall Street extends recovery May 14, 2021 London’s FTSE 100 rebounded this afternoon as heavyweight financials stocks lifted the index after hitting a five-week low yesterday. The blue-chip index rose one per cent during afternoon trading, with software firm Sage adding 3.4 per cent after forecasting a year of growth towards the top end of its range. Read more: IPO: London commodities [...]
US inflation sees biggest leap in nearly 13 years May 12, 2021 Consumer prices in the United States shot up 4.2 per cent in the 12 months to April, which could add fuel to market fears of a lengthy period of higher inflation. The jump marked the biggest increase in consumer prices since June 2009, and the biggest inflation gain since September 2008. The jump also followed a [...]
Bitcoin can continue to dominate… but only if it solves scaling issues May 12, 2021 Dr Chris Kacher weighs up the future of Ethereum and Bitcoin, and how they can co-exist in a world of deflationary tokenomics.
As economies reopen, inflation fears return with a vengeance May 12, 2021 London’s FTSE 100 is on course for its worst day in three weeks this afternoon amid inflation concerns. Inflation has never really been away. It’s been a central theme that has dominated conversations among economists, analysts and bankers over the past few months, and more specifically, the possibility that it is about to take off. [...]
Wall Street closes lower as inflation jitters spark broad sell-off May 11, 2021 US stocks closed lower today as rising commodity prices and labor shortages fed fears that despite reassurances from the US Federal Reserve, near-term price spikes could translate into longer-term inflation. While all three indexes pared their losses from session lows, the sell-off was fairly evenly dispersed across the sectors. The Dow Jones Industrial Average fell [...]
Wall Street closes lower on inflation jitters May 10, 2021 Wall Street closed lower on today as inflation fears drove investors away from market-leading growth stocks in favour of cyclicals, which stand to benefit most as the economy reopens. Industrial and healthcare shares limited the Dow’s decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing [...]
South Africa warns of ‘vaccine apartheid’ if rich countries hog jabs May 10, 2021 South African President Cyril Ramaphosa today warned of “vaccine apartheid” if wealthy nations hogged Covid shots while millions in poor countries died waiting for them. South Africa and India have been pushing for a waiver on some intellectual property rights for vaccines and medicines at the World Trade Organization. US President Joe Biden backed the [...]
More restrictions to be ditched as PM to make announcement later today May 10, 2021 Boris Johnson will hold a press conference later today about how the UK will move into the next phase of reopening the country, Health Minister Nadine Dorries said this morning. “It does look as if the roadmap is on course,” Dorries told Sky News. “The prime minister will be making an announcement later this afternoon [...]