Market Overview - Page 273

The number of Americans filing new claims for jobless benefits unexpectedly rose last week, which could heighten fears the COVID-19 pandemic was inflicting lasting damage to the labor market. Initial claims for state unemployment benefits totaled a seasonally adjusted 898,000.

France and the Netherlands have proposed stricter EU rules to oversee large technology firms, such as Alphabet, Facebook and Amazon. In a joint document, seen by CNBC and due to be sent to the European Commission, the EU’s executive arm,.

More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months. According to Glassnode’s ‘hodlwaves,’ which offers a chronological breakdown of the velocity.

U.S. stock futures were lower early Thursday morning as traders continued to weigh the prospects for a coronavirus aid deal being reached before next month’s election. Dow Jones Industrial Average futures were down 296 points. S&P 500 futures and Nasdaq.

European leaders are scrambling to put a cap on surging infections in the region, with governments reimposing sweeping restrictions and shutdowns in an effort to curb the spread of the virus. The situation has got to a point now where,.

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.