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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
US President Trump has been taken to the Walter Reed Military Medical Center, according to several news feeds, amid having a fever. After early tweeting that he and wife Melania contracted COVID-19, the US President was reported to have “mild symptoms.” Concerns about his health mounted throughout the day after over 15-hours of Twitter’s silence. The
US President Donald Trump is being transported to Walter Reed National Military Medical Centre. It is being said to be a precautionary measure and that the US leader will be able to carry out his duties in a private office at the hospital. Marine one which is the President’s private helicopter has been used to move
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Oil drops to its lowest levels since 15 September Oil isn’t spared from the souring risk mood today as it faces a more than 3% drop ahead of European trading, as sentiment soured following news of Trump testing positive for the coronavirus earlier. Price has fallen from $38.30 to around $37.30 levels currently and is