In an interview, on the sidelines of the Mines and Money Online Connect Global mining conference, the celebrated fund manager said that while he is no fan of the Federal Reserve, he sees that they are in an untenable position as they try to support the U.S. economy as it continues to feel the significant [...]
European stocks slipped on Wednesday, failing to draw strength from a record run for Wall Street’s S&P 500, as investors feared a resurgence in corona-virus cases could affect the economic recovery in the continent. Eurozone governments will consider shutting down parts of the economy again to control what is increasingly looking like a second wave [...]
In US, Lawmakers from both the House of Representatives and the Senate have largely returned to their home states for August recess, according to a report. As such, the much-anticipated stimulus is likely to remain elusive at least until September, when lawmakers will return to work. “We will have our regular pro forma meetings through [...]
In US, First-time claims for unemployment insurance last week fell below 1 million for the first time since March 21 in a sign that the labor market is continuing its recovery from the corona virus pandemic. The total claims of 963,000 for the week ended Aug. 8 were well below the estimate of 1.1 million. [...]
