Market Overview - Page 351

Russia is preparing to provide hospitals with a coronavirus drug developed with the sovereign wealth fund’s backing after gaining initial approval from the Health Ministry amid a global race to find safe and effective treatments for Covid-19. The medicine will.

The U.S. stock market has been mostly indifferent about dire unemployment figures and plummeting consumer spending. Investors are willing to look past the terrible data because they’re expected to improve considerably as the economy continues to reopen. But new data.

Grayscale Investments has been gobbling up Bitcoin in recent months, and most of its investors are institutions — but other funds are doing it, too. While the theater world has Waiting for Godot, the crypto sphere has its own drama:.

Oil fell on Monday on worries about renewed tensions between the United States and China, although reports that OPEC and Russia were closer to a deal on extending oil output cuts lent some support to prices. Benchmark Brent crude was.

Goldman Sachs has begun to establish short positions on the dollar as the reopening of economies is expected to lure investors out of the traditional safe-haven currency. In a note over the weekend, Goldman strategists said that while they had.

This week, oil may return to investors’ focus, on par with the U.S. labour market. This data promises to shed light on how active the real recovery in consumer demand is in the United States and across the world. The.

The dollar extended its slide against a surging euro on Friday, hurt by month-end flows and as the common currency continued to enjoy a boost from the European Union’s recently announced plan to prop up the bloc’s coronavirus-hit economies with.

U.S. consumer spending plunged in April by the most on record as widespread government lockdowns largely prevented Americans from spending federal stimulus payments in the month. Household outlays fell 13.6% from the prior month, the sharpest drop in more than.

April data on personal spending and income in the United States showed a very wary mood of the Americans. A recent publication notes revenue growth of 10.5% in April (vs -7% expected) after a decrease of 2.2% in March. But.

Biden losing economic argument to Trump as U.S. begins to re-open U.S. President Donald Trump is trusted more than Democratic nominee Joe Biden to handle the economy, polls show, even with more than 40 million Americans filing jobless claims and.

The Swedish economy expanded at a far superior rate than many of its European counterparts over the first three months of the year, data published Friday showed, following the government’s decision not to impose a full lockdown to contain the.

As the world turns more digital, crypto’s pioneer asset Bitcoin (BTC) could take on gold’s store of value role, according to the CEO and co-founder of Digital Assets Data, an analytics firm. “I see Bitcoin replacing gold as the hardest.