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NEW YORK: Small cap stocks have far outperformed their larger counterparts in November en route to their best monthly performance on record, and look set to remain Wall Street leaders as companies poised to benefit from an economic recovery. The Russell 2000 and S&P 600 indexes of small cap stocks are up more than 19per cent for the month - the biggest monthly percentage jump for both indexes, which date back to 1979 and the end of 1993, respectively - as investors bet recent positive trial results for COVID-19 vaccines will help pull the economy out of a recession. While smaller names typically see outsized price moments compared to their larger brethren, the small cap gains for November have nearly doubled the roughly 11per cent gain in the S&P 500 this month. Mega cap work-from-home leaders like Amazon.com and Netflix Inc that have benefited from COVID-19 economic restrictions had helped the S&P 500 outperform smaller names since the pandemic lows in March. … [Read more...] about Analysis: Small caps set to keep surging as vaccines aid recovery

TOKYO: Oil prices edged lower on Wednesday on concerns over an unexpected jump in U.S. oil inventories last week, but positive news on COVID-19 vaccines lifted investors hopes for a recovery in fuel demand, capping losses. Brent crude futures slipped 13 cents, or 0.3per cent, to US$48.71 a barrel by 0151 GMT, having gained 5 cents the previous day. U.S. West Texas Intermediate (WTI) crude futures dropped 15 cents, or 0.3per cent, to US$45.45, after shedding 16 cents on Tuesday. The American Petroleum Institute (API) said on Tuesday that U.S. crude oil, gasoline and distillate stocks rose sharply last week, with crude stocks jumping by 1.14 million barrels, contrary to analyst forecasts in a Reuters poll for a draw of 1.42 million barrels. Official weekly oil data from the U.S. Energy Information Administration (EIA) is due on Wednesday. "The recent rally looks to be overdone from a fundamental point of view, given rising oil output in Libya and the United States with … [Read more...] about Oil edges lower after jump in US stockpiles, vaccine hopes capping losses

New Delhi: The price of the coronavirus vaccine at private facilities in the country has been capped at Rs 250 per dose which includes Rs 100 as service charge, according to central government sources. From March 1, India is going to start the vaccination of people above 60 years and individuals above 45 years of age having comorbidities against coronavirus. "The cost of the COVID-19 vaccine has been kept Rs 250 per dose, includes Rs 150 is a vaccine charge plus Rs 100 as a service charge," a government source confirmed ANI. Untitled Carousel Dharavi reports eight new coronavirus cases; Dadar, Mahim see double-digit spikes Dharavi, which has been witnessing a rise in the daily case count once again, reported eight new cases of coronavirus on Saturday. On Friday, the Union Health Ministry said that covid19 vaccination will be free of charge at the government vaccination centres . The beneficiary will have to show a photo ID document for proof of age … [Read more...] about Coronavirus vaccine price at private facilities capped at Rs 250 per dose

The US has received enough petitions needed to reach the Congressionally-mandated 65,000 H-1B visa cap for the fiscal year 2021 and successful candidates for the most sought-after work visa among foreign professionals, including Indians, would be decided by a computerised draw of lots. The H-1B visa is a non-immigrant visa that allows the US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. US Citizenship and Immigration Services (USCIS) has said it has received a sufficient number of petitions needed to reach the congressionally mandated 65,000 H-1B visa regular cap and the 20,000 H-1B visa US advanced degree exemption, known as the master's cap, for fiscal year (FY) 2021. Successful applicants would be decided by a computerised draw of lots. “We have completed sending … [Read more...] about US reaches H-1B visa cap for 2021

The Broncos’ defense continued to be re-shaped Thursday when the team released defensive end Jurrell Casey. Casey, 31, was limited to three games last year because of a Week 3 biceps tendon injury. The move creates $11,874,750 in cap space and comes two weeks after cornerback A.J. Bouye was cut to free up $13,218,750. Casey was a no-risk acquisition last March — the Broncos gave up a seventh-round pick to the Tennessee Titans for the five-time Pro Bowl selection. The Broncos declined to re-sign Derek Wolfe and Adam Gotsis, who ended up with Baltimore and Jacksonville, respectively, believing the durable Casey would be an upgrade. But after missing only four games in nine years for the Titans, Casey was injured in the loss to Tampa Bay and finished with 14 tackles (no sacks) and three pass break-ups in 156 snaps. All four of the defensive ends on the 2020 Week 1 roster missed time because of injury or illness. Casey missed 13 games, Dre’Mont Jones (knee) and DeMarcus Walker … [Read more...] about Broncos release defensive end Jurrell Casey in cap-saving move