On Tuesday, Republicans and Democrats failed to overcome their differences on what should be the spending on the next round of corona virus fiscal package. According to the Associated Press, Republican plan totals about $1 trillion whereas Democrats have passed a $3 trillion package in the House. Meanwhile, House Speaker Nancy Pelosi said on Tuesday [...]
In US, the number of COVID-19 patients shows no sign of slowing down. US roughly recorded around 70000 new cases of virus per day for three days in-a-row as of today. Florida reported more than 15000 new cases in 24 hours on Sunday, which is the highest number since the record started. Out of 12.9 [...]
Earlier, the U.S. dollar experienced weakness but the scenarios reversed as the market mood was positive following the release of better-than-expected U.S. Initial Jobless Claims. The Initial Jobless Claims report showed that 1.31 million Americans filed for unemployment benefits in a week. Meanwhile, Continuing Jobless Claims dropped to 18.1 million as some workers managed to [...]
U.S. stocks have recovered most of this year’s losses, helping to push up global prices, despite rising numbers of American corona virus infections that threaten to derail economic improvement. Investors are buying technology and other companies they expect to emerge stronger from the global downturn. Amazon added 2.7%, Apple rose 2.3% and Microsoft gained 2.2%. [...]
