Warren Buffett Gerry Miller | CNBC Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, urged Congress to extend aid to small businesses as they continue to struggle through the coronavirus pandemic. “It’s an economic war,” Buffett told CNBC’s Becky Quick on “Squawk Box,” speaking alongside Goldman Sachs CEO David Solomon about helping small
Month: December 2020
Canada’s recovery from the pandemic is at a very difficult stage and a second wave of COVID-19 infections “could even deepen the economic hole”, Bank of Canada Governor Tiff Macklem said on Tuesday. Reuters reports Macklem told the Greater Vancouver Board of Trade that Canada had to boost both exports and productivity to ensure the
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Completes an up and down lap The NZDUSD has had an up and down day. The initial move today was to the upside. As NY traders entered, the price started it’s reversal (along with the run higher in the USD). That took the price back down to the low for the day, and even through
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Turkey’s crypto and blockchain ecosystem welcomed 2020 with big ambitions and a strong track record from 2019, which was its best year ever in terms of adoption. Following the release of Statista’s “Global Consumer Survey 2019,” which lists Turkey as a global leader by a wide margin in terms of crypto use, one major crypto
NEW DELHI: Gold and silver futures prices in the domestic market gained on Tuesday as the US lawmakers indicated towards an economic stimulus that may come as soon as this week, making bullion attractive. Leaders of both parties in the United States appeared more upbeat over a pandemic relief aid bill likely to be attached
The latest set of economic data indicates economic recovery in China continued. Growth in industrial production improved slightly, while manufacturing investment accelerated, thanks to strong exports growth. Retail sales growth accelerated, suggesting internal circulation has taken effect. Industrial production expanded +7% y/y in November, inline with expectations and up +0.1 ppt from a month ago.
EUR/USD sidelined near 1.2150 as upbeat China data fails to inspire dollar selling. Coronavirus concerns overshadow vaccine optimism and China data and keep risk under pressure. The options market sees low odds of a continued rally while heading into the year-end. China data released early Tuesday showed the economic recovery broadened in November. So far,
Nasdaq up but S&P and Dow lower The US stocks are ending the day with mixed results. The Nasdaq is higher. The S&P and Dow is lower. The small cap Russell 2000 rose too. The final numbers are showing: S&P fell -16.13 points or -0.44% at 3647.33 Nasdaq rose 62.167 points or 0.5% at 12440.03
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SINGAPORE: Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand, while an extension of Brexit talks eased jitters on that front for now. Brent crude futures for February rose 8 cents, or 0.2%, to $50.05 a barrel by
The global markets are quickly back in risk-on mode today. DOW future is back above 30k handle, as coronavirus vaccine rollout began. There seems to be some progress in the US Congress for fresh fiscal stimulus too. Dollar is under broad based selling pressure, followed by Canadian and Yen for the moment. On the other
NYSE: RCL is on the rise on the day that the US beings vaccinating its population against COVID-19. A return to normal would allow Royal Caribbean Cruises to bring elderly customers onboard. Investors are shrugging off the firm’s financial woes. A small clinic in Long Island, New York, administered the first coronavirus vaccine in the
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