On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9 trillion COVID-19 relief plan. “President-elect Biden announced a proposed relief and recovery package that provides relief that is commensurate with the scale of the economic challengeRead More →
European stocks traded higher on Monday, alongside U.S. equity futures, with investors encouraged by COVID-19 vaccine progress and hopes for a stimulus deal out of Washington. No collapse in Brexit talks also lifted sentiment. The Stoxx Europe 600 index XX:SXXP rose 0.8% after the index logged a 1% lossRead More →
USD/ZAR analysis Beginnings USD The boost comes after Trump’s COVID announcement. Rand holds steady ahead Non-Farm Payrolls (NFP) Expected rise in U.S. election volatility could affect ZAR’s appeal. interview DailyFX Education Center Understand why news events are key to fundamental forex analysis. The South African rand has been inRead More →
NYSEAMERICAN:IBIO falls another 5.13% to end the week in the red. iBio Inc. falls behind competitors in the race for COVID vaccine. NYSE:AMERICAN:IBIO has dropped a further 5.13% during Friday’s trading session, ending the week at $4.44 per share, representing a 17% decrease from the start of the week.Read More →
© Reuters. By Gina Lee Investing.com – The dollar was up on Monday morning in Asia but saw gains capped as the U.S. economic recovery from COVID-19 slows down. The that tracks the greenback against a basket of other currencies gained 0.11% to 93.535 by 9:47 AM ET (2:47Read More →
The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day. Florida counted 9,585 new casesRead More →
Sustainability-minded younger shoppers and bargain-hunting consumers of all ages who are feeling the economic pinch of the COVID-19 pandemic are increasingly giving up new clothes for resale items that sometimes still have their tags. In fact, according to thredUP, a major online secondhand shopping site, a surge in demand forRead More →
Brazilian doctors are fuming, joining growing ranks of furious compatriots, about President Jair Bolsonaro’s widely criticized mishandling of the country’s coronavirus crisis just as businesses begin to reopen despite rising deaths. “Yes, it’s Bolsonaro’s fault,” said Thais Couto, a 32-year-old lung surgeon in Sao Paulo, who like many doctors aroundRead More →
As fears of a second wave of Covid-19 weigh on stocks, here’s some potentially good news: A vaccine may be approved before the November election, according to a major biotechnology investing research firm. The prediction is a big deal for investors for three reasons. 1. It’s credible because it comesRead More →
© Reuters. By Gina Lee Investing.com – Asian stocks were mostly up on Friday, with investors continuing to monitor rising numbers of COVID-19 cases in China and the U.S., alongside an uptick in U.S.-China tensions. Beijing announced 25 new cases on Thursday, bringing the total number of cases linked toRead More →
Giving the opening remarks during a U.S. House meeting on illegal digital activities, Representative and subcommittee chair Emanuel Cleaver (D-MO) noted a major jump for online crime in 2020. “We are seeing a 75% spike in daily cybercrimes, reported by the FBI since the start of the pandemic,” Cleavor saidRead More →
© Reuters. By Gina Lee Investing.com – Asian stocks ended the week with losses, feeling the effects of a slump in U.S. markets overnight over mounting fears of a second wave of COVID-19 cases. This fear was triggered with the number of cases in the U.S. surpassing 2 million afterRead More →
On June 11, the Congressional Fintech Task Force held a hearing examining FedAccounts and a digital dollar as ways of expanding financial inclusion in the United States. Particularly in the aftermath of greatly delayed $1200 stimulus payments directly to U.S. citizens, the digital dollar has gotten much more attention. ARead More →
© Reuters. The Johnson & Johnson logo is displayed on a screen on the floor of the NYSE in New York (Reuters) – Johnson & Johnson said on Wednesday it would bring forward by two months human trials of its potential COVID-19 vaccine to the second half of July, asRead More →
Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behindRead More →
2/2 © Reuters. FILE PHOTO: Electricity pylons are seen during sunset in Gavrelle, near Arras, France 2/2 By Stephen Culp (NYSE:) NEW YORK (Reuters) – U.S. utility stocks have started to look like bargains after being considered expensive relative to the broader market for well over a year. Still, theRead More →
A test-and-trace system to find and isolate people who come into contact with coronavirus will be launched in the U.K. on Thursday. People with no symptoms will be told to self-isolate for 14 days if they have been in close contact with someone with the coronavirus, as part of theRead More →
Getty Images The biggest decline on Wall Street since the financial panic a decade ago reflects the rising angst over whether the COVID-19 coronavirus can be contained. The U.S. is flying blind when it comes to the economy: recent indicators have been rendered useless by the COVID-19 epidemic and itsRead More →
China’s extraordinary economic growth over the past four decades transformed the country into the world’s second-biggest economy. The key to this growth is global trade. China is not only the largest trading partner in the world, but it is also central to a myriad of supply chains. From raw materialsRead More →
