Economy’s second-half comeback is now threatened by coronavirus resurgence
A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. The factory is making 50,000 face shields per week for hospitals in Massachusetts and Rhode Island,...
Stock market live today: New quarter, Dow futures drop 200 points, reopening plays down premarket
The front facade of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:02 am: Reopening names...
Turkey’s vulnerability is not a shock to risk experts
Foreign-exchange earnings from tourism in Turkey could fall below $10 billion this year, compared with $34.5 billion in 2019 Coronavirus could not have happened at a worse time for Turkish investors hoping to see its potential revive. The country has...
GBP/USD Outlook: The Pair Broke The 1.2320 Resistance Level To Move Into A Short Term Positive Zone
The British Pound started a decent upward move from the 1.2250 support area against the US Dollar. The GBP/USD pair broke the 1.2320 resistance level to move into a short term positive zone. The pair even surpassed the 1.2350 resistance...
Yen Up after Poor Tankan, Mixed Markets Await Guidance
The overall markets remain rather mixed so far. Rebound in US stocks overnight didn’t carry forward to Asian session. Nikkei is weighed down by poor Tankan survey data. Dollar’s rally attempt was somewhat knocked down by up trend resumption in...
Asia Morning: U.S. Stocks Advance Further, Led By Tech Shares
On Tuesday, U.S. stocks closed higher thanks to a strong rally in the final moment of the trading session. The Dow Jones Industrial Average rose 217 points (+0.85%) to 25812, the S&P 500 gained 47 points (+1.54%) to 3100, and...
Goldman Sachs says a national mask mandate could slash infections and save economy from a 5% hit
A stylist wearing a protective mask cuts a customer’s hair at a barbershop in Atlanta, Georgia, on Monday, April 27, 2020. Dustin Chambers | Bloomberg via Getty Images A federal face mask mandate would not only cut the daily growth...
Watch Jerome Powell, Steven Mnuchin testify before House finance committee on pandemic response
[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin are testifying Tuesday before the...
Financial inclusion: Mexico is missing a move to digital banking
When the history of the coronavirus’s impact on Latin America is written, it will highlight the acceleration that the virus had on the shift to digital banking and the subsequent economic impact of this. Countries throughout the region have, in...
Australian Retail Sales and China PMI May Stir But Not Break Aussie’s Range
As markets grapple with the real threat of escalating virus cases derailing the global economic recovery, the risk-sensitive Australian dollar will be keeping an eye on a number of indicators out of Australia and China this week. The Caixin/Markit manufacturing...
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