Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’
Bill Clark | CQ-Roll Call, Inc. | Getty Images “If we are going to get another round of stimulus, I can’t imagine that won’t be included in it,” said Michael Strain, director of economic policy studies at right-leaning think tank...
The Weekly Bottom Line: Pandemic Dampens Holiday Cheer
U.S. Highlights Financial markets were more upbeat this week as investors cheered encouraging vaccine news and the start of the presidential transition. The S&P 500 is on track to end the week with a 2.3% gain from last week’s close....
Week Ahead: Biden to Begin Transition, Coronavirus, Brexit (Again)
In a short week for the US, there were several headlines to keep everyone on their toes. Joe Biden selected former Fed Chairman Janet Yellen as his pick for Treasury Secretary, the US Dow Jones Index rose above 30,000 for...
Forward Guidance: Government Support to Soften Blow of Job Losses
Optimism about the effectiveness of COVID-19 vaccines has brightened the outlook for the economy in 2021. This is true even as escalating virus case counts and the re-imposition of containment measures take their toll on Canadian’s health and the economy...
Week Ahead – We Go Again
A busy end to a chaotic year December may normally be associated with everything slowing down as we ease our way into the festive period but as with everything else in 2020, this is no normal December. Donald Trump is...
S&P 500 closes at another record Friday, gains 2% on week
Stocks rose on Friday as traders wrapped up a strong week amid decreasing political uncertainty and positive vaccine news. The S&P 500 gained 0.3% to end the day at 3,638.35, notching a record closing high. The Nasdaq Composite advanced 0.9%...
Stocks making the biggest moves midday: Amazon, Tesla, AstraZeneca, Carnival & more
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters Check out the companies making headlines...
RBA Meeting: A More Optimistic Take
The Reserve Bank of Australia will hold its final meeting for the year at 03:30 GMT Tuesday. Having cut rates last month, no action is expected this time, so the market reaction will depend on the language of the accompanying...
Week Ahead – Data Overload May Spoil Vaccine Euphoria; NFP to Lead the Pack
It’s NFP week and as investors battle the vaccine optimism against the short-term gloom, the latest jobs report from the United States may determine which way sentiment sways next. Canada will also publish jobs numbers along with its Q3 GDP...
Sterling Weighed Down by Same Old Brexit Concerns, as UK-EU Divergences Remain
Sterling turns generally lower in quiet holiday-mood trading today. Sellers are back in control as there appears to be no path out of the Brexit trade talk deadlocks yet. And, time is running out clearly. Overall, Yen and Dollar remain...
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