The timeline is changed Earlier today Trump’s doctor indicated he had been diagnosed with COVID 72 hours earlier, a timeline that would have been the morning after the debate. Afterwards, he attended a rally in Minnesota and then a fundraiser the following day. Now the doctor is saying this is a timeline clarification: If Trump
Month: October 2020
This year has been a strong one for digital asset markets, highlighted by growing institutional inflows and a propitious shift in the regulatory environment. Witness the U.S. Securities Exchange Commission’s September letter that says crypto exchanges that comply with SEC Rule 15c3-3 (the Customer Protection Rule) are free to trade digital asset securities. With more
NEW YORK: Oil prices fell more than 4% on Friday, and posted a second weekly decline after U.S. President Donald Trump tested positive for COVID-19, roiling risky assets, and as rising global crude output threatened to overwhelm the market’s weak recovery. Benchmark Brent and U.S. crude each posted a second straight week of losses. The
Investors could have been anticipating an October surprise. But none could have expected it to come that early, with US President Donald Trump’s coronavirus infections. The world has been in historically high level of uncertainty ever since the virus outbreak in Wuhan of China half a year ago. And the virus is still not leaving
Flight attendants, airline pilots and other aviation workers hold a protest organized by the Association of Flight Attendants urging the US Congress to pass a Covid-19 relief package and extend the Paycheck Support Program to save aviation jobs during a rally outside the US Capitol in Washington, DC, on September 9, 2020. Saul Loeb |
Soon after Dr. Sean Conley, the White House (WH) physician, said that President Donald Trump is “doing very well,” a few of the WH reporters are contradicting Conley’s assessment. Trump is not yet on a clear path to recovery from COVID-19 and some of his vital signs over the last 24 hours were very concerning,
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Major indices still close higher for the week The major US stock indices are closing the day lower as traders digest Pres. Trump’s Covid diagnosis and no new stimulus deal from the Dems and GOP. Although the NASDAQ fell over 2% today, the index still closed higher for the 2nd week in a row. The
That took a quick turn for the worse There is another report that he’s had a fever all day and he hasn’t tweeted so you know it’s bad. Reports now say he’s now leaving the White House for the military hospital. A White House official says he will be moving into a special suite at
Gold extended gains on Friday en route to its best week in nearly two months as investors sought safe-haven assets after U.S. President Donald Trump tested positive for COVID-19. Spot gold was up 0.5% at $1,915.34 per ounce by 0645 GMT, reversing losses from early Asian trade. U.S. gold futures rose 0.3% to $1,922.20. Bullion
TOKYO: Oil prices extended losses to about 3% on Friday after U.S. President Donald Trump said he has tested positive for COVID-19, while agrrement on a U.S. stimulus package eluded negotiators amid ongoing worries about demand. Brent crude slipped on the Trump news and was down $1.12, or 2.7%, at $39.81 a barrel by 0710
Markets suddenly turned into a risk-off mode on the first October surprise. US President Donald Trump and wife Melania had tested positive for coronavirus. Both were going to quarantine with Trump’s scheduled cleared of all travels. Yen surges broadly as reaction. While Dollar follows higher, it’s quickly losing momentum and was overwhelmed by Yen. Commodity
Global markets are clearly staying in risk-off mode before weekly close. Mixed US job data was largely ignored. Eyes are staying on the development regarding US President Donald Trump’s coronavirus infections, and the impact on the Presidential election which is just around a month away. Yen is currently the strongest one for today, but hasn’t
Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage Bankers Association. Record-low mortgage rates are apparently not as impressive as they used to be, likely because rates have been so low for so long. The average
Homes in the North Park neighborhood of San Diego, California, U.S., on Wednesday, Sept. 2, 2020. U.S. sales of previously owned homes surged by the most on record in July as lower mortgage rates continued to power a residential real estate market that’s proving a key source of strength for the economic recovery. Bing Guan
Jeff Lawson, CEO, Twilio Scott Mlyn | CNBC Shares of cloud communications company Twilio rose as much as 6% in extended trading on Thursday after the company said in a filing that it expects more third-quarter revenue than the $401 million to $406 million range it had provided in August. Analysts polled by Refinitiv had