Queue for Covid-19 tests outside laboratory in Paris on September 22, 2020 in Paris, France. Kiran Ridley | Getty Images News | Getty Images Eurozone trade activity was hit in September as countries faced a second wave of coronavirus infections, preliminary figures showed on Wednesday. The Flash Eurozone PMI (Index …
Read More »Powell promises the Fed’s financial support “as long as it takes.”
U.S. Federal Reserve Chairman Jerome Powell speaks during a House Financial Services Committee hearing in Washington, D.C., on Tuesday, February 11, 2020. Andrew Herrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell pledged continued support for the economy, saying it had improved significantly, but more work was needed. …
Read More »‘The temptation to buy’
Jim Kramer of CNBC, who has been warning people for weeks to lock-in on the profits of some stocks, advised investors to find places to buy potentially in the wake of Monday morning’s sharp market sell-off. Expressing concern about Europe’s second coronavirus lockdown, Kramer said: “We’re landing on something that …
Read More »New Zealand’s finance minister expects a strong economic downturn
SINGAPORE – New Zealand is forecasting strong returns to its economy in the three months ending in September, Finance Minister Grant Robertson said on Friday. The country plunged into a deep recession for two consecutive quarters of negative growth, with GDP falling by 13.4 per cent in the quarter between …
Read More »U.S. Claims a total of 860,000 as expected of the 860,000 who received weekly employment
First-time claims for unemployment insurance beat Wall Street estimates as the U.S. economy enters a critical new phase. A total of 660,00,000 filings were filed in the week ended September 301, the labor department reported on Thursday. Economists surveyed by the Dow Jones had earlier in the week expected 75,000,000 …
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