Yahoo Sports College Expert Cassandra Negley takes you through the 2021 Women’s NCAA Tournament field, gives you the information you need to know before diving into your bracket, and gives you some upset specials that could bust some brackets.
Yahoo Sports College Expert Cassandra Negley takes you through the 2021 Women’s NCAA Tournament field, gives you the information you need to know before diving into your bracket, and gives you some upset specials that could bust some brackets.
The "Silicones: Global Markets" report has been added to ResearchAndMarkets.com's offering.
The US has called for a “pause” on the use of the Johnson & Johnson coronavirus vaccine to investigate reports of rare blood clots. The halt on the single-dose jab comes after six people in the United States developed a rare disorder involving blood clots within roughly two weeks of inoculation. “We are recommending a pause in the use of this vaccine out of an abundance of caution,” Dr. Peter Marks, director of the Food and Drug Administration’s Center for Biologics Evaluation and Research, and Dr. Anne Schuchat, principal deputy director of the C.D.C., said in a joint statement.
Schneider Electric, the leader in digital transformation of energy management and automation, today announced the global launch of the Galaxy VL 200-500 kW (400V/480V) 3-phase uninterruptible power supply (UPS), the newest addition to the Galaxy family. Available worldwide, this highly efficient, compact UPS offers up to 99-percent efficiency in ECOnversion™ mode for a full return on investment within two years (model dependent) for medium and large data centers and commercial and industrial facilities. A live, virtual "hands-on" event for data center professionals and partners will take place May 4 to demonstrate Galaxy VL’s capabilities and features from Schneider Electric’s Innovation Executive Briefing Center.
Renewable fuels company Neste and terminal operator NuStar Energy have expanded a California project to increase their distribution of low-carbon aviation fuel, the companies said Tuesday. Advocates for sustainable aviation fuel say the fuel is a way for the aviation industry to lower its carbon emissions to meet global efforts in fighting climate change. U.S. airlines and industry groups have been pushing the federal government to back a subsidy for the fuel to increase production.
Tom Brady sent a heartfelt message to his favorite receiver, Julian Edelman.
Mr. Henderson and Ms. Valencia-Fernandez Bring Decades of Global Leadership and Cannabis Industry Experience Strengthening TILT’s TeamPHOENIX, April 13, 2021 (GLOBE NEWSWIRE) -- TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQX: TLLTF), a provider of business solutions to the global cannabis industry that includes inhalation technologies, cultivation, manufacturing, processing, brand development and retail, is pleased to announce the appointments of Darryl K. Henderson, J.D., as senior vice president of human resources and Roseann Valencia-Fernandez as vice president of marketing. Mr. Henderson will deliver HR solutions across the Company’s portfolio and geographic footprint, while Ms. Valencia-Fernandez will oversee the planning, development and execution of TILT’s marketing strategy. Mr. Henderson and Ms. Valencia-Fernandez will both report directly to TILT’s President, Gary Santo. “As we execute our strategic initiatives, repositioning leadership within the organization is critical to both the success of our team and growth of the Company. By continuing to attract top-tier talent to our already robust team, we are arming our Company with the kind of resources that will lead to success in both the short-term and for years to come,” said Mr. Santo. “I expect Darryl and Roseann to be instrumental in shaping our corporate culture internally and externally, while positioning TILT as a visionary company that is inclusive, supportive and innovative.” Darryl K. Henderson, J.D., Senior Vice President of Human Resources With extensive business leadership and human resource management acumen, Mr. Henderson brings more than 30 years of experience as an HR executive, chief employment compliance officer, chief diversity officer, executive/leadership coach, entrepreneur, business management consultant, and employment and commercial lawyer. Most recently, he served as president of Keith Consulting Group and has been involved in the cannabis industry since 2014. He previously held leadership roles at Monsanto Company, First Union National Bank, Lowe’s Home Improvement and a startup cannabis technology company, Logistics Trust. He has served businesses located in the U.S., Canada, Mexico, Italy, Ireland and the UK. Mr. Henderson earned a J.D. from the University of Georgia School of Law and a B.A. in Economics from Emory University. He is also a member of SHRM and the American Bar Association. “I believe that taking care of people and doing what’s right for the business are complementary imperatives,” said Mr. Henderson. “I’m honored to join TILT, and believe we are positioned to do great things, and our people will continue to fuel that success. We have talented teams of innovators, specialists, collaborators and people committed to the Company’s success.” Roseann Valencia-Fernandez, Vice President of MarketingRoseann Valencia-Fernandez spent the last two decades as an impactful global marketing executive in the cannabis and beauty CPG industries with a strong foundation in digital marketing and e-commerce, story-telling marketing and product development. Roseann joins TILT from Advanced Nutrients, a cannabis plant nutrition company, where she oversaw global marketing campaigns, growth strategies and budget development. She has also held senior marketing leadership positions at Hain Celestial as the head of marketing, digital, e-commerce and CBD innovation, and L’Oréal USA as the director of global marketing and product development. “The cannabis marketing function plays a pivotal role in molding the development of this rapidly growing sector,” said Ms. Valencia-Fernandez. “A synergy among our internal teams and brand partners will help bring the Company’s high-quality products to market in a way that maximizes our impact in the marketplace. I’m thrilled to join such an innovative and solution-based organization with a vision to propel the cannabis industry forward and establish new opportunities within the space.” To learn more about TILT, visit www.tiltholdings.com. About TILT TILT helps cannabis businesses build brands. Through a portfolio of companies providing technology, hardware, cultivation and production, TILT services brands and cannabis retailers across 35 states in the U.S., as well as Canada, Israel, Mexico, South America and the European Union. TILT’s core businesses include Jupiter Research LLC, a wholly owned subsidiary and leader in the vaporization segment focused on hardware design, research, development and manufacturing; and cannabis operations, Commonwealth Alternative Care, Inc. in Massachusetts, Standard Farms LLC in Pennsylvania and Standard Farms Ohio, LLC in Ohio. TILT is headquartered in Phoenix, Arizona. For more information, visit www.tiltholdings.com. Investor Relations Contact:Taylor Allisoninvestors@tiltholdings.com Media Contact:Ellen MellodyEllen@mattio.com570-209-2947 Source: TILT Holdings Inc.
Fund the First, a verified donation-based crowdfunding platform for first responders, military, and medical professionals, has launched their own crowdfunding campaign with Republic.
Save big on Facebook's Portal+ smart display at QVC, where you can get it for 29 percent off.
U.S. college students develop public service announcements promoting why ‘Cash is Best’ when donating to International disaster relief efforts
Forecasts by Operating Principle (OTDR, OFDR), by Application (DTS, DAS), by Type (Single Mode, Multi-Mode), by Scattering (Rayleigh Scattering Effect, Raman Scattering Effect, Brillouin Scattering), by Industry (Oil & Gas, Power & Utility, Safety & Security, Civil Engineering, Industrial) AND Regional and Leading National Market Analysis PLUS Analysis of Leading DFOS Companies AND COVID-19 Recovery Scenarios.New York, April 13, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Distributed Fibre Optic Sensing (DFOS) Market Report 2021-2031" - https://www.reportlinker.com/p06058494/?utm_source=GNW Distributed Fiber Optic Sensing (DFOS) Market– our new study reveals trends, R&D progress, and predicted revenues Where is the Distributed Fiber Optic Sensing (DFOS) market heading? If you are involved in this sector you must read this newly updated report. This report shows you the potential revenues streams to 2031, assessing data, trends, opportunities, and business prospects there. Increasing Applications in the Oil and Gas Verticals to Fuel Distributed Fiber Optic Sensing (DFOS) Market Growth Oil and gas industry are undergoing a rapid digitization and automation to fulfil the rising need for productivity, efficiency, and safety in the operations. Distributed temperature sensors, which have been used since the 1990’s, are mostly used for well monitoring, which may include activities such as well evaluation, drilling, well completion, and well abandonment. However, distributed acoustic sensing has been gaining popularity for the monitoring and surveillance of pipeline systems. Well and reservoir monitoring are the major areas of applications which hold the highest potential for increase in penetration of distributed fiber optic sensing in the oil and gas industry. Distributed pressure and strain sensing systems are also gaining popularity with the increasing penetration of distributed sensing methods in the oil and gas industry. What are the Distributed Fiber Optic Sensing (DFOS) Market Prospects Across India Which Is Projected to Witness the Highest CAGR from 2021 to 2031? The current ‘Make in India’ scheme established by the Indian government is directed towards the development of homegrown manufacturing facilities with high foreign direct investment. With an impetus towards the growth of the manufacturing sector, India is expected to be a promising market for distributed fiber optic sensing products. The liberal special economic zone policy ensures a competitive environment for export-oriented manufacturing companies. With the growth of the overall manufacturing sector in India, the magnetic particle testing method market is expected to grow. India has around 21 nuclear reactors with around 1000 MW capacity. India has caught the attention of major aerospace defence manufacturers with its low production cost and government’s strong focus on building manufacturing sector under Make in India initiative. All these factors are anticipated to fuel regional market growth through 2031. Discover how to stay ahead Our 398 pages report provides 297 tables and 271 charts/graphs. Read on to discover the most lucrative areas in the industry and the future market prospects. Our new study lets you assess forecasted sales at overall world market and regional level. See financial results, trends, opportunities, and revenue predictions. Much opportunity remains in this growing Distributed Fiber Optic Sensing (DFOS) Market. See how to exploit the opportunities. Drivers • Advantages of DFOC over Traditional Sensing • Increasing Applications in Oil & Gas • Reliability of DFOS While Working in Challenging Environments • Growing Demand from Civil Engineering Restraints/Challenges • Technical Issues in Installation of Distributed Fibre Optic Sensors • Cost and Unfamiliarity • High Cost of DFOS System • Technical Challenges • Lack of Standardized Assembly Opportunities • High Potential in the Offshore Industry • Adoption of Fibre Optic Sensing for Environmental Sciences Applications Forecasts to 2031 and other analyses reveal the commercial prospects • In addition to revenue forecasting to 2031, our new study provides you with recent results, growth rates, and market shares. • You find original analyses, with business outlooks and developments. • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints, and challenges), SWOT, PEST, Porter’s Five Forces Analysis, product profiles and commercial developments. Discover sales predictions for the world market and submarkets Operating Principle • OTDR (Optical Time Domain Reflectometer) • OFDR (Optical Frequency Domain Reflectometry) Application • DTS (Distributed Temperature Sensing) • DAS (Distributed Acoustic Sensing) Fiber Type • Single Mode • Multi-Mode Scattering • Rayleigh Scattering Effect • Raman Scattering Effect • Brillouin Scattering Industry • Oil & Gas • Power & Utility • Safety & Security • Civil Engineering • Industrial In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 5 regional and 22 leading national markets: • North America – U.S. – Canada • Europe – Germany – UK – France – Italy – Spain – Russia – Kazakhstan – Scandinavian – Rest of Europe • Asia Pacific – Japan – China – India – Australia – South Korea – South East Asia – Rest of Asia Pacific • Latin America – Brazil – Mexico – Argentina – Venezuela – Rest of Latin America • Middle East & Africa – South Africa – Saudi Arabia – Israel – Oman – Rest of Middle East & Africa Leading companies and the potential for market growth Overall world revenue for Distributed Fiber Optic Sensing (DFOS) Market will surpass $xx million in 2021, our work calculates. We predict strong revenue growth through to 2031. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead. How the Distributed Fiber Optic Sensing (DFOS) Market report helps you In summary, our 398 pages report provides you with the following knowledge: • Revenue forecasts to 2031 for Distributed Fiber Optic Sensing (DFOS) Market, with forecasts for operating principle, fiber type, scattering, and industry each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues • Revenue forecasts to 2031 for 5 regional and 22 key national markets – See forecasts for the Distributed Fiber Optic Sensing (DFOS) market in North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Also forecasted is the market in the US, Canada, Brazil, Mexico, Argentina, Germany, France, UK, Italy, Spain, Russia, China, India, Japan, Australia, South East Asia, Saudi Arabia, South Africa, Israel, and Oman among other prominent economies. • Prospects for established firms and those seeking to enter the market– including company profiles for 23 of the major companies involved in the Distributed Fiber Optic Sensing (DFOS) Market. Some of the company’s profiled in this report include Baker Hughes, Inc., Bandweaver, CGG, Febus Optics, FiberSensys, FiberSOnics, Fotech Solutions Ltd., Future Fiber Technologies (AVA Group), Halliburton Corporation, Hifi Engineering, Luna Innovations Incorporated, Magal Security Systems, NBGHawk Measurement Systems, Network Integrity Systems, PureTech Systems, NKT Photonics, QinetiQ Group plc, Frauscher Sensonic GmbH, Silixa LTD, Sintela, Southwest Microwave Inc., Weatherford International, and Yokogawa Electric Corporation. Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence. Information found nowhere else With our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. This study is for everybody needing commercial analyses for the Distributed Fiber Optic Sensing (DFOS) Market and leading companies. You will find data, trends, and predictions.Read the full report: https://www.reportlinker.com/p06058494/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________ CONTACT: Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001
MPM Capital Adds to Senior Team with the Appointment of Oncology Leader Pankaj Bhargava, MD as Executive Partner
The "Audio Codec: Global Markets" report has been added to ResearchAndMarkets.com's offering.
Zambia and South Africa child helplines are first to integrate the Aselo platform, which enables children to connect with counselors through modern social media channels and text messaging, and gives helplines new tools to advance the fieldPALO ALTO, Calif., April 13, 2021 (GLOBE NEWSWIRE) -- Child helplines are on the front lines of responding to children in crisis, with calls increasing by as much as 50 percent during the pandemic. Modern technology holds the promise of enabling helplines to operate more efficiently and opens up new avenues for children and youth to seek help via social media channels and text messaging. To address these acute needs, Tech Matters, a Silicon Valley-based nonprofit, has launched a new Software as a Service contact center platform, called Aselo™. Created in partnership with the helpline members of Child Helpline International, Aselo is an open source, customizable platform that supports the entire global crisis response movement, rather than each helpline having to pay to create individual tech solutions. It also integrates new cloud-based tools to increase helpline effectiveness and make remote work by counselors more practical—something that has become essential to accommodate shelter-in-place restrictions because of the pandemic. “Far too often, children bear the brunt of poverty, abuse, online exploitation and social disruption,” said Jim Fruchterman, the CEO and founder of Tech Matters. “Globally, child helplines receive more than 30 million calls annually, but with limited resources and a reliance on voice calls, many of these calls go unanswered, and the real needs of children are far from addressed. Through Aselo, we expect that within five years child helplines will be able to serve 100 million children annually.” Aselo is the result of a nearly two-year collaboration with helpline members of Child Helpline International, numbering more than 160 helplines in nearly 140 countries. “Tech Matters worked closely with child helplines to fully understand and address their needs,” said Patrick Krens, executive director of Child Helpline International. “Aselo can be a critical tool for building the capacity of helplines to better serve the needs of children.” Aselo allows child helplines to communicate with children not just via the phone, but also on WhatsApp, Facebook Messenger, webchat and SMS, where the children of today communicate. By bringing the child helplines to the major online platforms, Aselo will greatly strengthen their ability to deal with online exploitation of children. Aselo uses a single-screen, browser-based interface, enabling counselors to help more children/youth at once. The shared platform is fully customizable to address the needs and languages of individual helplines. While protecting the data of children, Aselo makes it easier to gather crucial data about the state of the world’s children, and provides powerful tools for advocacy. “Aselo will transform the way Lifeline Childline Zambia delivers counseling services to its clients and above all improve the operations of the call center,” said Florence Nkhuwa, chief executive director of Lifeline Childline Zambia, which just deployed Aselo nationally in February 2021. “We are hoping to have ease of capturing, better reporting and case management that would allow Childline to increase the quality and standards of our helpline data whilst still rendering a quality service to the children of South Africa,” said Dumisile Nala, Childline South Africa’s national executive officer. Childline South Africa is planning on using Aselo starting in April 2021. Aselo was initiated with One Family Foundation; other major supporters include Child Helpline International, the End Violence Fund, Twilio.org, Schmidt Futures, Facebook and the Jenesis Group. More information on Aselo, including a downloadable brochure and answers to frequently asked questions, is available at Aselo.org or via e-mail at contact@Aselo.org. About Tech MattersTech Matters is a nonprofit organization that leverages the power of tech to support social sector innovators and advance large-scale positive social change. As tech nerds for the social sector, we create common ground for systems change solutions, empowering progress on humanity’s most pressing social issues. Learn more at TechMatters.org and follow us on Twitter, Facebook and LinkedIn. Tech Matters is fiscally sponsored by Beneficent Technology, Inc. (“Benetech”). Contact:Joyce Johannson+1 firstname.lastname@example.org
Preparations are under way for the Duke of Edinburgh’s funeral following his death last week at the age of 99. The service will take place Saturday at St George's Chapel in Windsor, Buckingham Palace has confirmed. On the day of the funeral, which starts at 3pm, a minute of silence will also be held across the country to mourn Prince Philip.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, April 13, 2021 (GLOBE NEWSWIRE) -- Ion Energy Ltd. (“ION”, or the “Company”) (TSXV:ION) (OTCQB: IONGF) (FSE: 5YB) announces that it has completed its public offering of 11,500,000 units of the Company (the “Units”) at a price of $0.50 per Unit for aggregate gross proceeds to the Company of $5,750,000, which amounts included the full exercise of the underwriters’ over-allotment option (the “Offering”). Each Unit comprises one common share in the capital of the Company (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each Warrant is exercisable to acquire one Common Share (a “Warrant Share”) for 36 months from the date hereof at an exercise price of $0.70 per Warrant Share. The Offering was conducted by a syndicate of underwriters led by PI Financial Corp. and which included Stifel GMP. The Company intends to use the net proceeds of the Offering to fund exploration at its Mongolian lithium brine projects and for general working capital purposes. The listing of the Common Shares and Warrant Shares, which has been conditionally approved, remains subject to the final approval of the TSX Venture Exchange (“TSXV”). This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About ION Energy Ltd. ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FRA: 5YB) is committed to exploring and developing Mongolia’s lithium salars. ION’s flagship, 81,000+ hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence award in Mongolia. ION also holds the 19,000+ hectare Urgakh Naran highly prospective Lithium Brine licence in Dornogovi Province in Mongolia. ION is well-poised to be a key player in the clean energy revolution, positioned well to service the world’s increased demand for lithium. Information about the Company is available on its website, www.ionenergy.ca, or under its profile on SEDAR at www.sedar.com. For further information: COMPANY CONTACT: Ali Haji, email@example.com, 647-871-4571 MEDIA CONTACT: Siloni Waraich, firstname.lastname@example.org, 416-432-4920 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. Cautionary Statements Regarding Forward-Looking Statements Information set forth in this news release contains forward-looking statements. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s anticipated use of the net proceeds of the Offering and listing of the Common Shares and Warrant Shares. Important factors that could cause actual results to differ materially from the Company’s expectations include, among others, results of exploration programs, acquisition opportunities, the ability to conduct exploration programs in Mongolia due to, among other factors, COVID-19, and the failure to obtain TSXV approval for listing for any reason. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Germany's lead data protection regulator for Facebook said on Tuesday that it was taking action against the social network to prevent the collection of personal data from users of its WhatsApp messaging app. The regulator in the city-state of Hamburg said that it had opened emergency proceedings against Facebook after WhatsApp earlier this year informed users that they would need to consent to new data terms or stop using the service. "We have reason to believe that the data sharing policy between WhatsApp and Facebook is being impermissibly enforced due to the lack of voluntary and informed consent," said Hamburg's data protection officer Johannes Caspar.
Mauricio Pochettino says Paris Saint-Germain must improve their home form to overcome "the best team in the world" in Bayern Munich on Tuesday night. Despite his side holding a 3-2 advantage ahead of the Champions League quarter-final second leg in the French capital, the former Tottenham manager is conscious that his players need to match their form on the road at the Parc des Princes. “I agree that we’ve been better away from home,” Pochettino said.
NEW YORK, April 13, 2021 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a securities class action in the United States District Court for the Southern District of New York on behalf of investors who purchased or otherwise acquired common stock of Bellus Health, Inc. ("Bellus" or "Company") (NASDAQ: BLU) from September 19, 2019 through July 5, 2020, inclusive (the "Class Period"). If you lost more than $300,000 in Bellus, you should contact the Firm. Bellus is a clinical-stage biopharmaceutical company whose lead product is BLU-493, which is being developed for the treatment of chronic cough and other afferent hypersensitization related disorders. The Complaint alleges Bellus made false and misleading statements in its registration statement and prospectus (the “Offering”) and in subsequent public statements throughout the Class Period and failed to disclose material adverse facts about the Company’s business. Specifically, Bellus and its senior officers (1) deceived the investing public about the efficacy of BLU-493, which created a high risk that the drug would not receive FDA approval of Phase 2 trials, and would fall further behind the industry leaders in developing a FDA-approved treatment; (2) created artificial demand for the Bellus common shares sold in the Offering, that enabled the Company to receive approximately $70 million. and (3) caused Plaintiff and the Class to purchase the Company’s publicly traded common stock at artificially inflated prices through July 5, 2020. If you wish to serve as Lead Plaintiff for the Class, you must file a motion with the Court no later than May 17, 2021. Any member of the proposed Class may serve as the Lead Plaintiff through counsel of their choice. If you have suffered a net loss from investment in Bellus’ initial public offering of common stock effective as of September 5, 2019, or through purchases in the secondary market through July 5, 2020, you may obtain additional information about this lawsuit and your ability to become a Lead Plaintiff by contacting David Harrison at email@example.com or at 914-733-7228 or Christian Levis at firstname.lastname@example.org or at 914-733-7220. About Lowey Dannenberg Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors. Contact Lowey Dannenberg P.C.44 South Broadway, Suite 1100White Plains, NY 10601Tel: (914) 733-7228Email: Clevis@lowey.com Dharrison@lowey.com
(Bloomberg) -- U.S. consumer prices climbed in March by the most since 2012, adding to evidence of budding inflationary pressures as the economy reopens and demand strengthens.The consumer price index increased 0.6% from the prior month after a 0.4% gain in February, according to Labor Department data Tuesday. A jump in the cost of gasoline accounted for almost half the overall March advance. The median estimate in a Bloomberg survey of economists called for a 0.5% rise.Excluding volatile food and energy components, the so-called core CPI increased 0.3% from February, the most in seven months and reflecting rising rents and auto insurance. Costs of both goods and services rose last month.The monthly advance in the widely followed index led to an outsize 2.6% increase in the overall CPI from March 2020, when the pandemic depressed demand and pricing power. The core measure rose 1.6% from 12 months ago.The year-over-year changes are distorted by a phenomenon known as the base effect. The CPI, like many other economic data points, declined at the start of the pandemic amid lockdowns and widespread business closures. When compared to those depressed figures, the year-over-year increases for March-May will appear abnormally large.U.S. stock futures steadied along with Treasury yields as investors assessed the data.The latest figures on consumer prices add fuel to an already heated debate about the path of inflation in the U.S., especially on the heels of last week’s Labor Department data showing a stronger-than-expected surge in producer prices.Some analysts and economists argue a wave of pent-up demand paired with trillions of dollars in government spending will spur a sustained upward movement in inflation. Meanwhile, Federal Reserve officials, including Chair Jerome Powell, have said any meaningful increase in prices will likely prove temporary.Read More: Bond Market’s Stalled-Out Reflation Trade Needs Actual InflationAmid supply chain bottlenecks, supply shortages and surging input costs, producers are already feeling the pinch of rising costs. While not all cost increases will be pushed through to consumers -- given a variety of different measures firms can take to offset costs -- sustained pressures in the production pipeline raise the risk of an acceleration in consumer inflation.Recent survey data highlighted developing cost pressures. The Institute for Supply Management’s latest figures showed more than half of service providers reported paying higher prices in March, the largest share since 2011. The ISM’s manufacturing survey showed about 72% of manufacturers said the same -- the second-most since 2008.Recently, some company executives have mentioned plans to raise prices for their products.Reopening InflationThe Labor Department’s data showed shelter costs, which make up about a third of the overall CPI, increased 0.3% in March. That was the biggest monthly gain since February 2020 and reflected a surge in the cost of lodging at hotels that was the biggest since 1991. Airfares also increased.The pickup in inflation translates into less take-home pay for American workers. A separate report Tuesday showed inflation-adjusted hourly earnings increased 1.5% in March from a year earlier, the smallest gain in more than a year.Digging DeeperGoods prices rose 4.1% in March from year ago, services up 1.8%Car and truck rental prices rose 11.7% from month earlier, most since June, while year-over-year increase was largest on recordFood prices climbed 0.1% from a month earlier, while energy costs jumped 5% in biggest gain since September 2017For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Gap Inc. (NYSE: GPS), a collection of purpose-led, lifestyle brands including Old Navy, Gap, Banana Republic and Athleta, and the largest specialty apparel company in the U.S., announced today that it has entered into new, long-term credit card program agreements with Barclays and Mastercard.