Markets advanced in Asia on Friday after a Wall Street rebound fueled by strong jobs data. The Tokyo Nikkei 225 Index rebounded 0.3% to 22,220.33, while the Shanghai Composite Index rose 1.3% to 3,130.62. In South Korea, the Kospi gained 0.6% to 2,148.24, and Australia’s S & P / ASX …
Read More »Fed issues details on bond purchase
WASHINGTON (AP) – The Federal Reserve on Sunday released a list of approximately 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will buy in the coming months in an effort to keep borrowing costs low and smooth the flow of credit. . The central bank also said …
Read More »Stocks plunge as virus cases rise, forcing states to back down
Shares on Wall Street fell sharply on Friday as new confirmed coronavirus infections in the US hit a record high, prompting Texas and Florida to reverse the course of business reopening. The combination injected new concerns into a market that has been at its peak since April in hopes that …
Read More »US GDP fell at a rate of 5.0% in the first quarter; worse is likely down the road
WASHINGTON (AP) – The US economy contracted at a rate of 5.0% in the first quarter and much worse performance is expected in the current three-month period, when the coronavirus pandemic began to spread across the US USA The Commerce Department reported Thursday that the decrease in gross domestic product, …
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