Treasury Secretary Steven Munuchi refused to extend some of the emergency loan programs jointly established with the Federal Reserve, which is due to expire on December 31. The Fed’s corporate credit, municipal financing and main street financing programs will not be renewed, Mr. Muchin said Thursday. The central bank expressed …
Read More »Here are the unpleasant surprises awaiting stock investors next year, says the money manager
Thomas H., president and chief executive of Equity Logic’s Stock Traders Daily. Key Jr. says that while there could be a big price of optimism in the markets, the rest of the year probably won’t see a decline in the big market. But it’s coming in 2021, he tells MarketWatch, …
Read More »Stock-market bulls count on consumer strength – should they?
The Bulls assure the American consumer – and the stock market – will hold a fine, even if politicians fail to allow a second round of financial stimulus before next month’s election. Some economists, however, are skeptical about how much electricity consumers will be able to buy after the accepted …
Read More »Not JP Morgan, Citigroup Signal or Economy Out Woods
In the midst of the coronavirus crisis, a strange thing happened: America’s largest bank made lower profits than it did a year ago, before the epidemic hit the economy. Taken together, the third quarter results of both banks show that business and consumers have been surprisingly good in the month, …
Read More »European stocks, U.S. Futures lose momentum
File – This September 2020 photo, provided by Johnson & Johnson, shows a single-dose COVID-19 vaccine being developed by the company. A.P. European stocks held lower on Tuesday, with traders losing momentum after halting key coronavirus trials waiting for earnings from some of the world’s leading banks. Stocks Europe 600 …
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