Market Overview - Page 272

The US indexes stay under moderate pressure on the third day. The S&P500 lost 0.7% on Wednesday and futures on the index are down another 0.2% on Thursday morning. The broad Asia Pacific MSCI index is down 0.5% today. Investor.

Russia has granted regulatory approval to a second COVID-19 vaccine, according to its register of authorised medicines. A delighted President Vladimir Putin announced the news at a government meeting on Wednesday. The jab was developed by the Vector Institute in.

Stocks fell after Treasury Secretary Steven Mnuchin said that getting a stimulus deal done before the Nov. 3 election will be difficult. While there’s been progress on certain issues, Mnuchin said stimulus talks are still far apart on others. House.

Apple Inc on Tuesday launched its next-generation iPhone 12, with faster 5G connectivity that the California company hopes will spur consumers to trade in their old phones and keep its sales booming through the end of the year. Shares of.

Global markets are sagging on Wednesday as Johnson & Johnson and Eli Lilly announced the suspension of their respective vaccine and antibody treatment trials. Investors seem even more disappointed with the delay in the fiscal stimulus package for the American.

The author behind a valuation model for Bitcoin that’s based on Metcalfe’s Law says the crypto asset will likely be priced around $12,000 by the end of November and reach $1 million within a decade. In an Oct. 11 Twitter.

The dollar index extended its gains on Wednesday and demand for riskier currencies was subdued, as investors became more cautious over rising COVID-19 cases, vaccine trials being paused and U.S. fiscal stimulus talks hitting a new impasse. The rally in.

The world’s top central banks are urging governments to put concerns about mounting debt aside for now and keep spending until the economic recovery from coronavirus is complete. Their calls are being met with pushback in some countries, where the.

Nearly nine out of 10 workers want to be able to choose whether to work from home or the office once COVID-19 workplace restrictions ease, and have greater autonomy over their hours, according to research from Cisco Systems. The pandemic.

Oil fell below $40 a barrel as fading hopes for more fiscal stimulus before the U.S. election outweighed optimism driven by an increase in Chinese crude imports last month. Futures in New York declined 0.8% after closing up 2% on.

The International Monetary Fund on Tuesday turned slightly more positive on the global economy for this year, but warned of a “long, uneven and uncertain” recovery. The global economy is now projected to contract by 4.4% in 2020 — an.

Bitcoin (BTC) is winning the battle of the safe havens as another corporate buy-in sees $115 million enter its books. Asset management giant Stone Ridge confirmed that it made the significant purchase via its spin-off New York Digital Investment Group.