American stocks tumbled on Wednesday, pulling back from Tuesday’s record highs, rising cases of coronavirus and a slowdown in private sector job creation weighed on investor sentiment. The S&P 500 fell 0.3% a day after the benchmark hit its 27th closing record of the year. The Nasdaq Composite also fell …
Read More »Canada’s Covid-19 response will now cost heavily and ignore the deficit
OTTAWA – Canada’s deficit is growing at the fastest rate in developed countries as it seeks to boost its economy during the Covid-19 epidemic. Canadian officials are betting that the aggressive approach will pay off, focus on the number of jobs already received, and argue that the country can finance …
Read More »According to the rest of the world, 9 things that Americans could not possibly live without
America is taking some hits from abroad. iStockphoto United States of America, free land and overweight, loud, evangelical, gun-loving warmen? The U.S., indeed, has a lot of jokes about our friends (and enemies) abroad. Let’s just say that the last few years have done little to stop the ridicule flowing …
Read More »A secret meeting in the desert between Israeli and Saudi leaders failed to reach a normalization agreement
Riyadh, Saudi Arabia Israeli When Israeli Prime Minister Benjamin Netanyahu traveled to Saudi Arabia last week for a secret night with Saudi Crown Prince Mohammed bin Salman, he and his Washington counterparts long hoped for a normalization deal between the Middle East. Saudi advisers and U.S. officials said rivals had …
Read More »Manucci has refused to extend some Fed emergency financing programs
Treasury Secretary Steven Munuchi refused to extend some of the emergency loan programs jointly established with the Federal Reserve, which is due to expire on December 31. The Fed’s corporate credit, municipal financing and main street financing programs will not be renewed, Mr. Muchin said Thursday. The central bank expressed …
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