Market Overview - Page 250

President-elect Joe Biden’s Covid spending plan could recreate the financial conditions seen in the run-up to the 1929 Wall Street crash, according to one hedge fund manager, with rising inflation potentially responsible for popping an “epic” stock market bubble. The.

The whole Dutch government collectively resigned on Friday after a scandal involving the mismanagement of childcare funds, which drove thousands of families into financial hardship. An investigation revealed in December that tax officials wrongly accused thousands of working families of.

Global markets retreated from highs on Friday morning on news from the USA. The short-term momentum of profit-taking in the markets was created by a sudden surge in jobless claims. However, the negative should be more than offset by the.

The US currency turned to the upside on Wednesday, sending the dollar index back to the upper end of the downward channel of the past four months. Contrary to the momentum at the beginning of the week, the dollar’s strengthening.

Bitcoin is making gains, though much of the day saw the cryptocurrency in a holding pattern. Meanwhile, a quarter of ether options are expiring in March, meaning traders are making some bets on the first fiscal quarter of 2021. Bitcoin.

Institutional crypto-fund manager Grayscale Investments has begun the dissolution of its XRP Trust in response to the Security and Exchange Commission’s December 2020 lawsuit alleging the XRP token is a security under U.S. law. According to an announcement published Wednesday,.

The dollar held above three-year lows versus major peers on Thursday as expectations for President-elect Joe Biden’s fiscal stimulus pushed yields of U.S. government bonds higher. The 10-year Treasury yield rose after CNN reported the stimulus will be around $2.

Oil prices edged higher on Thursday after a drawdown in U.S. crude stocks for a fifth straight week and robust data from China showing a surge in imports, though mounting coronavirus cases globally capped gains. Brent crude oil futures gained.

U.S. Treasuries slipped on Thursday on a report that President-elect Joe Biden will announce a stimulus package as big as $2 trillion, while Japanese stocks surged to a new three-decade peak as investors extended bets on a global growth rebound..

Chinese driverless car start-up WeRide has raised $310 million in a new round of funding as it pushes to commercialize its technology. Yutong Group, a Chinese company that manufactures commercial vehicles including electric buses, lead the funding round. A number.

India is gearing up for one of the largest mass vaccination exercises in the world starting Saturday. The South Asian country plans to inoculate some 300 million people, or more than 20% of its 1.3 billion population, against Covid-19 in.

President Donald Trump, a man hyperaware of his achievements and place in history, added a first to his record on Wednesday. A week before he will leave office, Trump became the first American president impeached by the House twice. The.