Dow Jones Industrial Average futures traded slightly lower on Sunday night as a growing number of Covid-19 cases continued to rise in the markets. Dow futures contracts fell 66 points, or 0.2%. The move suggests an initial reduction of about 50 points. S&P 500 futures fell 0.1%, while Nasdaq 100 …
Read More »South Korea is taking action as new virus cases increase
SEOUL, South Korea (AP) – South Korea has reported 386 new cases of coronavirus in a resurgence that could force officials to impose a ban on strong social distances in October to stimulate the unfinished economy. The country’s total number of confirmed cases has risen to 0,4033, including 303 deaths, …
Read More »Tug-of-war: Kramer’s ‘Mad Money’ recap (Friday 11/20/20)
The stock market is a tug-of-war between the virus and the vaccine, and even between Biden vs. Trump, Jim Kramer told his Mad Money viewers on Friday. Hopefully, during next week’s holiday-short week, we’ll get a little clarification about both. Kramer’s game plan for next week will begin Monday, when …
Read More »Manucci says people are misunderstanding Fed funding decision, there is plenty of firepower left
Treasury Secretary Steven Munuchi on Friday rejected his department’s decision to pull the plug on several Federal Reserve programs, saying there was still plenty of money left to fund where needed. “It was a very simple matter. We are pursuing the purpose of Congress,” Amnuchin told CNBC’s Jim Kramer during …
Read More »Manuchehr’s decision reduces Fed lending power, but sources say crisis programs could be revived
U.S. Treasury Secretary Steven Munuchin and Federal Reserve Chair Jerome Powell testified before the hearing on the oversight of the House Financial Services Committee (Supreme-19) overseeing the Treasury Department and the Federal Reserve’s Coronavirus Disease (COVID-19). September 22, 2020. Joshua Roberts | Pool | Reuters Trade Secretary Steve Munuchin’s decision …
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