STOCKS NEWS 24 – The US Congress has passed a new Covid-19 relief package totalling $484bn (£391bn), the fourth aid bill to clear Congress in response to the pandemic. The legislation, approved 388-5 by the House of Representatives, tops up a small business aid fund, while funding hospitals and testing. President Donald Trump said he […]
Congress passes $484bn economic relief bill قراءة المزيد »
STOCKS NEWS 24 – EU leaders have agreed to create a fund that could raise at least 1 trillion euros ($1.1 trillion) to rebuild regional economies ravaged by the coronavirus pandemic. “This fund shall be of a sufficient magnitude, targeted towards the sectors and geographical parts of Europe most affected, and be dedicated to dealing with
Europe is preparing a trillion-euro fund to rebuild its economy قراءة المزيد »
STOCKS NEWS 24 – Global stocks slumped Friday after a study into a potential coronavirus treatment was halted following inconclusive results. South Korea’s Kospi Index (KOSPI) fell 1.4% in afternoon trade, while Japan’s Nikkei 225 (N225) slid 0.9%. China’s Shanghai Composite (SHCOMP) was down about 1%. Hong Kong’s Hang Seng Index (HSI) dipped 0.4%. Dow (INDU) futures were slightly lower, after the index closed in the green Thursday. S&P 500 (SPX) futures
Global stocks falter as Gilead halts trial of potential coronavirus treatment قراءة المزيد »
Stocks News: Oil jumped more than 30% on Thursday, accelerating the recent rally as the Street eyed continued production cuts and rising U.S.-Iranian tensions. West Texas Intermediate, the U.S. benchmark, rose 30%, or $4.18, to trade at $17.96 per barrel. Brent crude, the international benchmark, traded 11.8% higher at $22.79 per barrel. On Wednesday, WTI jumped 19.1% —
Oil rallies more than 50% in two days in comeback from record lows قراءة المزيد »
Stocks News : The Labor Department reported that the number of Americans applying for state unemployment benefits totaled 4.427 million last week. Combined with the prior four jobless claims reports, the number of Americans who have filed for unemployment over the last five weeks is 26.45 million. That number far exceeds the 22.442 million jobs
The US economy has wiped out all the job gains since the Great Recession قراءة المزيد »
Stocks News : Traders on Robinhood and SoFi Invest rushed to buy the United States Oil ETF, which crashed this week and has lost roughly 80% of its value this year. USO was the most-bought stock on Robinhood, and “by far” the highest-volume trade on SoFi Invest on Tuesday. The ETF saw a 300% increase
Stocks News : The historic plunge in oil prices earlier this week has left some major exporters of the commodity scrambling to shore up their economies. The U.S. West Texas Intermediate (WTI) crude contract for May delivery fell by more than 100% to settle at negative $37.63 per barrel on Monday and expired on Tuesday at $10.01
