spike

Sedgwick rebrands recently-acquired Malaysian firm

spike 1 week ago

Sedgwick has announced that Malaysia-based Maphilindo International, which it acquired in late 2019, will be operating under the Sedgwick brand.

According to a statement by Sedgwick, the rebranding serves as the final step in the integration of both companies. It is part of the expansion strategy of Sedgwick’s international leadership, which includes integrating its local resources and strengthening its position in Malaysia and the wider Asia-Pacific market.

“[2019] has been transformational for Sedgwick internationally,” said Ian V. Muress, Sedgwick CEO of international operations. “Our growth strategy has always been focused on expanding our global presence and enhancing our core capabilities

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Chinese health product exports on the rise as coronavirus pandemic persists

spike 1 week ago

Employees make face masks on a production line at a glove factory, which has started producing face masks as overseas orders for masks at an all time high amid the coronavirus outbreak, on May 16, 2020 in Shenyang, Liaoning Province of China.

Yu Haiyang | China News Service via Getty Images

BEIJING — The global coronavirus pandemic shows little signs of letting up, and some say that’s creating further demand for China’s medical products.

As the global economy continues to falter, the interest in Chinese medical supplies is an encouraging sign for the country’s exports — which support a critical

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Coronavirus impacts will ‘haunt us for a generation’

spike 1 week ago

Baylor College of Medicine’s Dr. Peter Hotez warned Wednesday that the long-term health consequences of the coronavirus remain uncertain, even though medical professionals have a better grasp of treating a current infection. 

“We still have to address that long-term debilitating effects. The effects of this virus are going to haunt us for a generation, I’m afraid,” Hotez said on CNBC’s “Power Lunch.” 

Hotez’s comments come as states in the South and West such as Arizona, California and Texas experience a dramatic rise in Covid-19 cases and hospitalizations. In Texas, in particular, total cases have more than doubled since Memorial Day

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Volatility will dominate market in year’s second half: John Stoltzfus

spike 1 week ago

Market bull John Stoltzfus sees ways to make profits in the year’s second half, but it won’t come easy.

The Oppenheimer Asset Management chief investment strategist warns the wild swings won’t subside anytime soon due to how traders and nervous investors are reacting to headline risks.

“They’re waiting for some catalyst to cross the tape that will justify taking near-term profits without FOMO, or fear of missing out,” Stoltzfus told CNBC’s “Trading Nation” on Wednesday. 

Stoltzfus notes there are several risk factors to consider, particularly the spike in coronavirus cases and whether a vaccine will become a reality.

“What’s going

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