The wealth of American households rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March and a gusher of federal payments swelled individual portfolios and savings accounts. The gains, however, have flowed mainly to the most affluent households even as tens of millions of people endured … Read more
The price of gold hit a record high Monday as investors rushed into the safe-haven amid concerns about China-US tensions, a spike in virus infections around the world and a lack of progress on a new stimulus bill in Washington. After months of healthy rallies across equity markets – fuelled by trillions of dollars in … Read more
London stock markets opened down this morning as hopes faded for a quick economic rebound following the coronavirus pandemic. The FTSE 100 index of Britain’s biggest companies fell by 89 points or 1.51 per cent to 5,815 in the first ten minutes of trading this morning. Fears are growing about a second wave of infections, … Read more