Year: 2020

Stocks in the Asia Pacific region were mixed Wednesday morning as countries continued to put measures in place to battle the coronavirus pandemic. Stocks in Australia led in losses among the major markets, with the S&P/ASX 200 declining 1.28% as shares of major banks such as the Commonwealth Bank of Australia and Westpac fell more than […]

White House officials have already discussed pitching a payroll tax cut and a capital gains tax cut, creating 50-year Treasury bonds and waiving businesses of liability from workers who contract COVID-19. As Americans await relief from the $2 trillion stimulus package passed less than two weeks ago, the Trump administration […]

Are Saudi Arabia and Russia through with their lover’s spat over oil? The markets seem to think so. U.S. stock futures rose on Sunday night as Wall Street tried to recover from last week’s decline. Investors tried to shake off the rising tensions between Saudi Arabia and Russia. Dow Jones Industrial […]

U.S. Treasury Secretary Steven Mnuchin said he was pressing ahead with the Friday launch of a $349 billion coronavirus rescue loan program for small businesses. This comes after conceding to bank demands as an effort to fix aspects of the program which banks claimed could cause participating lenders legal and […]

Stocks sank on Wednesday as Wall Street kicked off the second quarter on a sour note amid concerns the coronavirus will keep the economy shut down longer than expected.  “This is going to be a rough two-week period,” Trump said at a White House press conference. “When you look at night […]

Bitcoin has fallen less than major U.S. equity indices in the first quarter but still hasn’t proven it can act as a “safe haven” in times of market turmoil. The cryptocurrency fell over 10% in the first three months of the year. Meanwhile, gold rose about 4% in the first quarter.  Financial […]

Jeremy Siegel, a professor of finance at the University of Pennsylvania’s Wharton School of Business, expressing some optimism Monday about the outlook for a stock market that may be starting to reassert a bullish stance after a punishing month. During a phone interview on CNBC, the professor said he thinks […]

These indicators suggest a stock-market bottom, but coronavirus fears could send the S&P 500 swooning again. U.S. stocks rallied with an impressive rebound in the past week as the Federal Reserve and Congress have delivered unprecedented fiscal and monetary stimulus aimed at dampening the blow the coronavirus epidemic has dealt […]

As G20 leaders met over teleconference, they agreed to inject $5 trillion into the global economy in order to fight the coronavirus pandemic. Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from […]

The US Dollar was lower versus the Japanese yen and Euro during London trade on Thursday as FX traders await today’s release of US unemployment benefit claims. Analysts believe that the numbers to be released will have increased exponentially as US businesses lay off their workers due to the Coronavirus […]