Market Overview - Page 354

Americans for Tax Fairness and the Institute for Policy Studies released a report showing a startling statistic: America’s billionaires got $434 billion richer amid the pandemic. “The surge in billionaire wealth during a global pandemic underscores the grotesque nature of.

The dollar climbed against a basket of currencies for a second straight day on Friday helped by safe-haven demand as Beijing moved to impose a new security law on Hong Kong after last year’s pro-democracy unrest, further straining fast-deteriorating U.S.-China.

The British pound is falling for the third day in a row to 1.2160 earlier today, receiving a new impulse of pressure after the release of alarming statistics. Retail sales fell 18.1% in April (by 15.2% ex-fuel), slightly weaker than.

Since May 20 Bitcoin (BTC) price has dropped nearly 10%, shifting traders’ focus from taking out the $10K resistance to now holding above the all-important $8,800 support. The short-term bearish trend took hold after the top-ranked crypto-asset on CoinMarketCap experienced.

Tesla’s stock is already bucking the coronavirus trend, but today, investors received more good news. Bloomberg published its annual electric vehicle outlook (EVO) report, finding that sales for fossil-fuel cars have peaked. Better yet, electric vehicles (EV) will account for.

The problems between China and the U.S. are far from new. But it seems that politicians on both sides were toughening bilateral rhetoric until it began to have a visible impact on markets. On Friday, Hong Kong’s Hang Seng index.

The dollar rose on Friday in overnight trading and extended its gains in early London trading, after U.S.-China tensions boosted demand for safe-haven currencies. Last week, the U.S. government moved to block global chip supplies to blacklisted telecoms equipment maker.

Oil prices fell on Friday as tensions rose between the U.S. and China and as Beijing failed to set target for economic growth this year, stoking concern that the coronavirus pandemic will overshadow fuel demand in the world’s second-largest oil.

Stocks in Asia Pacific fell in Friday afternoon trade as tensions between the U.S. and China rise. Hong Kong’s Hang Seng index led losses among the region’s major markets as it plummeted 5.5%, as of its final hour of trading..

U.S. fell as rising trade tension between America and China added to concern about the pace of recovery from the coronavirus pandemic. Crude oil fluctuated and the dollar strengthened. The S&P 500 fell as much as 1.1%, with signs mounting.

A staggering 70% of businesses in Dubai expect to close their doors within the next six months as the coronavirus pandemic and global lockdowns ravage demand, a survey by the Dubai Chamber of Commerce revealed Thursday. The Chamber surveyed 1,228.

A quarter of Americans have little or no interest in taking a coronavirus vaccine, a Reuters/Ipsos poll published on Thursday found, with some voicing concern that the record pace at which vaccine candidates are being developed could compromise safety. While.