President Trump is reported to have told associates he wants ”at least” $1,200 per person and possibly as much as $2,000 per person Washington Post with the report that White House aides intervened Thursday to prevent the President from issuing a statement calling for stimulus payments in the next relief package up to $2K Trump
Month: December 2020
Copper prices neared their highest in almost eight years on Thursday as stockpiles around the world fell, the U.S. Federal Reserve promised to pump more money into markets and hopes for a U.S. stimulus package this week grew. Investors bought riskier assets across the board, sending global equities to new peaks, oil prices to a
Dollar’s selloff intensifies further today, after worse than expected job data. Also, markets are generally on risk-on mode, as traders are optimistic that stimulus deal could be reached in the Congress soon. Swiss France is currently the next weakest, having little reactions to SNB rate decision. Australian and New Zealand Dollars are taking turns to
Jobless claims unexpectedly rose last week as the coronavirus pandemic continues to pressure the economy while lawmakers struggle to push through new government aid, the Labor Department said Thursday. The number of first-time unemployment-benefits filers totaled 885,000 in the week ending Dec. 12, the most since the week of Sept. 5. Economists polled by Dow
A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images News FedEx generated better-than-expected profits and revenue during its most recent quarter as the coronavirus pandemic continues to bolster high volume of U.S. and international package deliveries, the company said Thursday. The package delivery
Published on 17 December 2020 from Prime Minister’s Office, 10 Downing Street, the UK government has released a statement which stresses that ”the situation in (our) talks with the EU is very serious tonight. progress seems blocked and time is running out. Full official statement The Prime Minister spoke to Commission President Ursula von der Leyen this
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S&P trades at a new record high The major indices are opening with gains of about 0.5% to 0.6% across the board (while the NASDAQ is currently up 0.68%). A snapshot of the major indices currently shows: S&P index up 21.28 points or 0.57% at 3722.45 NASDAQ index up 84.73 points or 0.67% at 12742.92 Dow up
The usual stuff that we’ve been hearing for months on end In this final stretch of talks, transparency & unity are important as ever: Debriefed @Europarl_EN Conference of Presidents this morning on EU-UK negotiations. Good progress, but last stumbling blocks remain. We will only sign a deal protecting EU interests & principles. For bank trade
United States-bases stablecoin operator Paxos has raised $142 million in fresh funding from investors including PayPal and Mithril Capital. The stablecoin issuer announced the news on Thursday. U.S. investment firm Declaration Partners, backed by billionaire David M. Rubenstein, led the funding round with other participants including RIT Capital Partners plc., Ken Moelis, Alua Capital, and
Gold prices rose Rs 194 to Rs 49,455 per 10 gram in the national capital on Thursday, tracking firm overseas trend, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 49,261 per 10 gram. Silver prices also gained Rs 1,184 to Rs 66,969 per kilogram from Rs 65,785 per
Dollar’s decline continues in Asian session today, with mild risk-on markets in the background. FOMC rate decision overnight triggered little reactions in the markets, and the greenback holds on to the near term trajectory. Sterling is currently the strongest one, awaiting BoE rate decision, and more news regarding Brexit trade talks. New Zealand Dollar is
People ride scooters past the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images The Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic
UK Interior Minister Priti Patel, a staunch supporter of Brexit, has said that the talks are in a tunnel and parliament may be reconvened if talks conclude with a deal. The senior minister added that the government is ready for a no-deal outcome. GBP/USD has extended its gains above 1.3580, extending its gains and hitting
Dow lags. S&P up marginally. Nasdaq closes at record highs The major US indices are ending the session with mixed results. The Dow was the laggard and declined. The S&P is closing more or less near unchanged. The NASDAQ index is closing higher. In fact the NASDAQ close at a record high today. The final numbers are showing: S&P index
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