Dow slumps 100 points and Wall Street pulls back from post-election rally as job growth slows and Biden edges closer to the White House Main US stock indexes edged lower on Friday after a post-election surge Stocks had rallied at the prospect of a split government in Washington But latest jobs numbers showed a slowdown … Read more
Dow slumps 100 points and Wall Street pulls back from post-election rally as job growth slows and Biden edges closer to the White House Main US stock indexes edged lower on Friday after a post-election surge Stocks had rallied at the prospect of a split government in Washington But latest jobs numbers showed a slowdown … Read more
Dollar rises against pound and US bonds are in demand as investors seek safe havens amid ‘extended uncertainty’ of election Leading up to election day markets had been pricing in a Biden clear sweep Strength of US dollar now on the up as investors flock to ‘safe havens’ By Jane Denton For Thisismoney Published: 11:53 GMT, … Read more
Record highs hit by the American stock market have further illustrated the gulf between Wall Street’s V-shaped recovery and the UK, which is struggling to bounce back from the pandemic. London’s FTSE 100 continues to flatline even as the country emerges from lockdown and the government unlocks most sections of the economy. The blue-chip exchange … Read more
The Wall Street Journal’s opinion section had a scathing response Thursday to the 280 staffers who had signed a letter this week claiming it pushed ‘misinformation’. In a note published by the section’s editorial board late Thursday night, the fiery rebuttal vowed that the opinion section wouldn’t ‘wilt under cancel-culture pressure’ following the protest letter … Read more
The price of U.S. oil crashed into negative for the first time in history Monday as demand dries up and producers effectively pay buyers to take barrels off their hands. In the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic the cost to have a barrel of U.S. crude … Read more
Wall Street stocks opened down on Friday, as doubts grew about an end to the Saudi-Russia oil price war and investors awaited data on business activity to assess the extent of the economic hit from coronavirus. Stock indexes gained about 2 percent on Thursday as oil prices soared on hints of a Saudi-Russia deal, but … Read more
FTSE climbs slightly by 0.63% up 35 points to 5,489 amid hopes that worst of coronavirus outbreak may have passed for China FTSE 100 index of Britain’s biggest firms rises 35 points or 0.63% to 5,489 today But investors are still fearful of long-term impact of the pandemic and lockdown It follows sharp drop on … Read more