President Joe Biden said Tuesday that he hoped inflation would be under control by the end of next year, but told reporters he couldn’t make any guarantees. In answer to a question about when he expected prices to get back to normal, he replied: ‘I hope by the end of next year we’ll be much … Read more
Wall Street embraced the prediction of a red wave ahead of Tuesday’s midterms, with the Dow increasing for the third consecutive day after months of depressed rhetoric and recession fears. Soon after the opening bell, the Dow rose 115 points, or 0.35 percent, to 32,953. The S&P 500 gained 0.34 percent and the Nasdaq Composite ticked … Read more
Private payrolls contract for the first time since May with 123,000 people losing their jobs in December as COVID restrictions kicked in once more ADP’s latest National Employment Report was published on Wednesday They found that 123,000 privately employed people lost their jobs in December The largest losses were in leisure and hospitality, followed by … Read more
Dow slumps 100 points and Wall Street pulls back from post-election rally as job growth slows and Biden edges closer to the White House Main US stock indexes edged lower on Friday after a post-election surge Stocks had rallied at the prospect of a split government in Washington But latest jobs numbers showed a slowdown … Read more
Dollar rises against pound and US bonds are in demand as investors seek safe havens amid ‘extended uncertainty’ of election Leading up to election day markets had been pricing in a Biden clear sweep Strength of US dollar now on the up as investors flock to ‘safe havens’ By Jane Denton For Thisismoney Published: 11:53 GMT, … Read more
US stocks jump with the Dow rising 600 points as Election Day polls open across the country The Dow Jones Industrial Average was up 671 points, or 2.5 percent, at 27,596, as of 10.30am Eastern time on Tuesday The S&P 500 was 2.3 percent higher in morning trading and heading for a second straight gain … Read more
Dow drops 500 points in Wall Street’s fourth straight day of losses as coronavirus surge dashes hopes of a speedy recovery Wall Street’s main indexes opened lower on Wednesday as cases rose New hospitalizations set records in the Midwest, while in Europe eyes lockdowns Wall Street’s fear gauge spiked to its highest level in nearly … Read more
BREAKING: Dow plunges more than 400 points after US hit new record high of daily coronavirus cases over the weekend Stocks plunged Monday morning after the nation hit a record number of daily coronavirus cases over the weekend The Dow Jones Industrial average traded 424 points lower, or more than 1% The S&P 500 slumped … Read more
US stock futures sink as much as 2% as the Dow plunges more than 350 points and global equities drop after President Trump catches COVID-19 US stock index futures sank as much as 2 percent on Friday The Dow Jones Industrial Average futures lost 1.3%, S&P 500 futures fell 1.4% and Nasdaq 100 futures declined 1.9% … Read more
The Wall Street Journal’s opinion section had a scathing response Thursday to the 280 staffers who had signed a letter this week claiming it pushed ‘misinformation’. In a note published by the section’s editorial board late Thursday night, the fiery rebuttal vowed that the opinion section wouldn’t ‘wilt under cancel-culture pressure’ following the protest letter … Read more
The price of U.S. oil crashed into negative for the first time in history Monday as demand dries up and producers effectively pay buyers to take barrels off their hands. In the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic the cost to have a barrel of U.S. crude … Read more
Wall Street stocks opened down on Friday, as doubts grew about an end to the Saudi-Russia oil price war and investors awaited data on business activity to assess the extent of the economic hit from coronavirus. Stock indexes gained about 2 percent on Thursday as oil prices soared on hints of a Saudi-Russia deal, but … Read more
FTSE climbs slightly by 0.63% up 35 points to 5,489 amid hopes that worst of coronavirus outbreak may have passed for China FTSE 100 index of Britain’s biggest firms rises 35 points or 0.63% to 5,489 today But investors are still fearful of long-term impact of the pandemic and lockdown It follows sharp drop on … Read more