U.S. stock futures traded lower overnight on Tuesday after President Donald Trump canceled stimulus talks following the November election. Dow futures were down 100 points. The S&P 500 futures and the Nasdaq 100 futures are down 0.53% and 0.5%, respectively. In regular trading on Tuesday, the Dow Jones Industrial Average …
Read More »Covid epidemic to damage aircraft sales for more than a decade
A Boeing 777X flies over the Boeing Everett factory David Ryder | Reuters Due to the coronavirus epidemic, Boeing is predicting a years-long slowdown in travel demand, lowering expectations for demand for new commercial aircraft over the next decade. The manufacturer on Tuesday forecast that the world’s airlines will need …
Read More »Stock Futures Powell Comments, Wait ahead of economic data
U.S. Federal Reserve Chairman Jerome Powell’s scheduled visit to the U.S. on Tuesday outlined data on the economic outlook and trade deficit. There was a slight change in stock futures. Futures linked to the S&P 500 became a wave between small gains and losses. Nasdaq-100 contracts fell 0.2%. Both indices …
Read More »Maduro of Venezuela wins 1 1 billion appeal in UK court over gold reserves held by Bank of England
Carlos Besera / Bloomberg / Getty Venezuelan President Nicolas Maduro has won a UK court appeal in which he ruled in a legal battle over billion 1 billion in gold reserves held by the Bank of England. Britain’s second highest court overturned a previous ruling recognizing Juan Gouda as Venezuela’s …
Read More »Pope Francis has challenged Warren Buffett in a letter blaming free markets for growing inequality.
Warren Buffett. Getty Images / Drew Anger Pope Francis Vernon Buffett argues that free markets cannot address growing inequality. Pontiff said in a letter to the bishops of the Catholic Church over the weekend that “magical principles” such as trickle-down economics would not solve all of society’s problems. Buffett argued …
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