By Staff Reporters
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- Stock Markets: The prospect of higher borrowing costs has pummeled tech companies this year, and that didn’t change even after the market’s day off Monday. The 10-year yield jumped to its highest level in two years yesterday, pushing stocks (especially the tech-heavy NASDAQ) lower.
- Oil Energy: Oil prices jumped to a 7-year high after an attack in the UAE raised concerns about a supply squeeze. Goldman Sachs predicts that Brent crude, the international oil benchmark, will top $100 a barrel this year because the pandemic hasn’t hurt demand for fuel as much as expected.
- Gaming: An Activision Blizzard takeover would also be the biggest deal in the history of gaming, easily topping Take-Two’s purchase of Zynga for $12.7 billion last week. And, with the help of Activision’s impressive portfolio of titles including Call of Duty, World of Warcraft, Overwatch, Diablo, and Candy Crush, Microsoft will try to galvanize its monthly subscription business, Xbox Game Pass, as the “Netflix for games.”
- Pandemic: New Covid cases have peaked in US regions that were hit hardest by the highly contagious variant, like the Northeast. For example, in New York City, the 7-day average of daily new cases has fallen to less than 20,000 from a high of almost 43,000 earlier this month. And, in the capital of Washington, DC, case numbers are down 20% over the last 14 days. Still, because hospitalizations tend to lag case growth by a few weeks, health care facilities are still treating more Covid patients. The average number of Covid hospitalizations has jumped 54% in the last two weeks, to 157,000.
- CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: Alerts Sign-Up, Glossary Terms, Health Economics, Health Insurance, Healthcare Finance, LifeStyle | Tagged: Activision Blizzard, energy, gaming, oil, stock markets |














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