The S&P 500 and the Nasdaq hit all-time highs on Wednesday as hopes that China would take more measures to prop up its economy eased worries about the impact of the coronavirus epidemic. The number of new coronavirus cases also dropped for the second straight day in China, although global health officials cautioned it was too early to predict how the outbreak will play out. China is widely expected to cut its benchmark lending rate on Thursday, which would add to a raft of measures aimed at limiting the impact from business shutdowns and travel curbs on the world's second-largest economy. Recent stimulus from China, confidence in the U.S. economy and hopes that the damage from the outbreak will be short-lived have fueled Wall Street's rally in recent weeks. "China cutting lending rates ... is further evidence of how far the central banks are willing to go to backstop markets," said David Bahnsen, chief investment officer of Newport Beach, California-based The Bahnsen Group. … [Read more...] about S&P 500, Nasdaq scale new highs on China stimulus hopes
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A tale of nine women navigating through an unusual sisterhood thrust upon them by circumstance. The teaser of our powerful short film drops on 24th February 2020! @shrutzhaasan @nehadhupia @neenakulkarni @muktabarve @raghuvanshishivani @yashaswinidayama #SandhyaMhatre and #RamaJoshi Written & Directed by:@priyankabans Produced by @electricapplese @ashesinwind @ryanivanstephen @rumifiedritika for @indianstorytellers #Devi #shortfilm #electricapplesentertainment #Bollywood #YouAreADevi #safetyforwomen #Kajol #ShrutiHaasan #NehaDhupia #NeenaKulkarni #RoyalStagBarrelSelect #LargeShortFilms #MakeItPerfect #EAE … [Read more...] about Devi poster out: Kajol, Neha Dhupia and Shruti Haasan come together for tale of ‘unusual sisterhood’
A little over five years ago, the city saw a rise in the number of people opting for beer, not just the regular bottled lagers but delicious craft beers being served in mugs across the city. These beers, unlike others, moved from the traditional bitter flavours to fruity, light and other complex flavour profiles, which lingered a little longer on the palate than before. The role of beer changed from being guzzled down on a lazy day to actually being sipped on to, to taste and enjoy. Now, fast forward to 2020, and craft beers themselves are evolving in more ways than one. While earlier, it was limited to a familiar citrus-flavoured lager, coffee-flavoured stout and the unique seasonal ciders, microbreweries in the city are now increasingly experimenting with more vegetables, and even derivatives of cashewnut, organic produce and hoping to adopt better practices to brew their beer. … [Read more...] about What’s brewing?
Gold rose on Wednesday, holding above $1,600 per ounce, as worries over the new coronavirus and its impact on global growth boosted safe-haven demand, while palladium continued its record run driven by short supplies of the metal. Spot gold was up 0.3% to $1,606.44 per ounce by 11:02 a.m. EST (1602 GMT). The session high was $1,610.80, its highest since Jan. 8, when gold hit its highest in nearly seven years. U.S. gold futures rose 0.4% to $1,609.70 an ounce. "Gold is holding above the $1,600 level, we went through pretty quick and the reason to stay above is that we are still fetching unknown on this market place about this virus in China," said Bob Haberkorn, senior market strategist at RJO Futures. China is struggling to get manufacturing back online after severe travel restrictions were imposed to contain the coronavirus. Stoking concerns further, Apple Inc on Monday warned that its sales might fall because of slow ramp-ups in manufacturing facilities in China. "The … [Read more...] about Gold up on fears of virus impact; palladium hits record