Hope for the COVID-19 vaccine and optimism ahead of employment data are boosting stocks as a long holiday weekend of July 4 awaits US investors. But as cities and businesses roll back reopens, some suggest caution with June payrolls (weekly jobless figures are coming, too). Christopher Dembik, head of macroeconomic …
Read More »A new emerging virus in Chinese pig farms has the ‘essential hallmarks’ for a pandemic
An emerging strain of flu in China is drawing scientists’ attention just as the world is battling the worst pandemic since the 1918 Spanish flu. Chinese researchers identified a new strain of influenza that is infecting pigs in China and that has characteristics of the so-called swine flu, or H1N1, …
Read More »JP Morgan is betting that these stocks will dominate as an uncertain second half of the year approaches
Stocks falter on the last trading day of the quarter, as the World Health Organization warns that “the worst is yet to come” with COVID-19. But up to 16% and 18% respectively, the Dow DJIA, + 2.32% and S&P 500 SPX, + 1.46% They are poised for the best three-month …
Read More »European stocks rise, but gains are tempered by concerns about the US coronavirus.
European stocks rose on Friday, but gains were tempered by a record rise in coronavirus cases in the US Earnings for German business software group SAP SE boosted the index, while Swedish retailer Hennes & Mauritz AB pulled in the other direction after reporting weak sales. The Stoxx Europe 600 …
Read More »White House games on annexation of Israel; more planned conversations
President Donald Trump’s top national security advisers have been unable to make a decision on whether to support an Israeli plan to annex important parts of the land that the Palestinians claim for a future state. By MATTHEW LEE AP Diplomatic Writer June 25, 2020 6:40 PM 5 min read …
Read More »