Market Overview - Page 361

Goldman Sachs isn’t convinced there’s a case for investing in cryptocurrencies like bitcoin. Crypto evangelists — perhaps unsurprisingly — aren’t impressed with its assessment. The U.S. bank’s consumer and investment management division released a slide deck ahead of an investor.

Last week, the number of initial claims for benefits exceeded 2.12 million. This is the smallest number in ten weeks, but still historically unseen levels. The number of new claims is falling extremely slowly, noting further cuts in business. However,.

Published preliminary estimates showed a 0.1% price decline in May, and 0.6% to this month year ago, from 0.9% in April and 1.7% in January-February. On average, analysts expected a slight, 0.1% increase this month. In theory, the weakest consumer.

Amazon.com Inc plans to offer permanent jobs to about 70% of the U.S. workforce it has hired temporarily to meet consumer demand during the coronavirus pandemic, the company told Reuters on Thursday. The world’s largest online retailer will begin telling.

Three key data points in growth, jobs, and spending indicate the ongoing stock market rally will be short-lived. Strategists are revising the expected growth of the U.S. economy and jobs market once again, unnerving investors. The Dow Jones Industrial Average.

The American S&P 500 managed to gain a foothold above the 200-day average and the critical round level of 3000. The index grew 1.5%, which is an additional signal of demand in the markets and often is a harbinger of.

The novel coronavirus has killed more than 100,000 people in the United States, according to a Reuters tally on Wednesday, even as the slowdown in deaths encouraged businesses to reopen and Americans to emerge from more than two months of.

China’s National People’s Congress, the country’s parliament, on Thursday approved the proposal to impose a new national security law for Hong Kong — paving the way for the legislation to be finalized and implemented in the city. The NPC voted.

Bitcoin’s trading above $9,000 once again, but technical indicators suggest the largest cryptocurrency is stuck in a funk. Though the price level may provide support, Bitcoin needs to break out of the downtrend it formed when its May high failed.

The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the worst economic crisis since the 1930s. It will borrow these funds and then disburse them via the European budget —.

EURUSD turned to growth and approached 1.1000, near which the 200-day average passes. On the news about the upcoming 750B euro stimulus package, EURUSD has jumped above these lines. Both are psychologically important. Their breakdown often leads to a significant.

Entrepreneur Elon Musk’s SpaceX is set to launch two American astronauts to the International Space Station on Wednesday from NASA’s Kennedy Space Center in Florida, ending the U.S. space agency’s nine-year hiatus in human spaceflight. California-based SpaceX’s Crew Dragon capsule.