Market Overview - Page 277

There is “clear evidence of collusion” between Huawei and the “Chinese Communist Party apparatus,” a new report from U.K. lawmakers claimed. British members of parliament also suggest the Chinese telecom giant’s equipment could be stripped out of the country’s networks.

The S&P 500 rose more than 1% after a barrage of overnight tweets from the president supporting $1,200 stimulus checks, $25 billion to hard-hit airlines and $135 billion for small businesses. The benchmark slumped 1.4% Tuesday when Trump abruptly called.

U.S. stocks rose on Wednesday after President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hope that a smaller aid package could be passed by lawmakers. The Dow Jones Industrial Average traded 418 points higher,.

Wheat prices reached a 5-year high this week, going above the round level of $6 per bushel. Soybeans also reached two and a half year highs, exceeding $10.5 per bushel. Buyers try to assess supply risks due to dry weather.

According to data from on-chain analytics provider Glassnode, the Ethereum hash rate hit an all time high of more than 250 terahashes per second (TH/s) on Oct. 6, marking an 80% rise since January. Glassnode reported that a surge in.

The US indices were hit near the close of Tuesday’s trading session on news that Trump has abandoned talks with Democrats about a relief package. These reports wiped 2.5% from the S&P500, erasing its intraday growth and leading to a.

The French president is standing firm on his demand to keep the same access to British waters his country’s fishing industry enjoys today, according to officials familiar with the talks. That’s angering the British and creating tensions even among his.

The U.S. Federal Reserve last month signaled that interest rates are likely to stay at zero through 2023, vowing to wait on rate hikes until inflation reaches 2% and is set to rise moderately above that level for a time..

Japan’s ministries have asked for a record $997 billion in initial budget for the next fiscal year, the finance ministry said, as Prime Minister Yoshihide Suga’s new government juggles the need to rein in the pandemic and revive the economy..

U.S. stock futures were little changed in overnight trading on Tuesday after President Donald Trump called off stimulus talks until after the November election. Dow futures were up down just 3 points. S&P 500 futures sat below the flatline while.

Rising debt of Chinese property developers are in the spotlight again, as liquidity issues at top developer China Evergrande trigger investor concerns. China’s property prices rebounded quickly as the economy reopened after the worst of the pandemic passed. Still, authorities.

Rich countries could be back to close to normal by late 2021 if a COVID-19 vaccine works, is ready soon and distributed properly at scale, billionaire Microsoft founder Bill Gates said on Tuesday. “By late next year you can have.