Market Overview - Page 375

“I’m 51 and healthy, but I don’t want to get on the subway,” said John Donohue, a Brooklyn-based artist who bought a bike two weeks ago. Donohue, who doesn’t own a car, says he’s not sure when he’ll be comfortable.

The economic meltdown brought on by the coronavirus pandemic has governments deploying historically vast fiscal spending packages to support millions of their citizens and businesses. This spending is necessary to support economies — officials agree on that much. But the.

China reported Friday that its first-quarter GDP contracted by 6.8% in 2020 from a year ago as the world’s second-largest economy took a huge hit from the coronavirus outbreak, data from the National Bureau of Statistics of China showed. The.

Saudi Arabian oil exports to the U.S. more than doubled from February to March as oil prices crashed and American shale producers reeled over demand destruction from the coronavirus pandemic, data from analytics firm TankerTrackers.com shows. Saudi crude shipments to.

Markets are taking Trump’s plans to bring the U.S. economy back to life from the positive side. These announcements, as well as the easing measures in Germany, Italy and China before that, are a kind of light at the end.

Oil prices slid, with U.S. crude on track for its lowest close since 2002, after OPEC lowered its global oil demand forecast due to the plunge in demand delivered by the coronavirus outbreak. Oil has been under pressure all week.

It took only four weeks for the U.S. economy to wipe out nearly all the job gains in the last 11 years. The coronavirus and the forced closure of business throughout the country again fueled the number of Americans applying.

Market overview Futures on the S&P500 went negative on the start of New York trading session after falling 2.2% on Wednesday. The VIX continues to rise, marking increased investor anxiety. DAX loses 0.1%, CAC40 -0.6%, and FTSE100 – virtually unchanged..

Bitcoin (BTC) advocates are warning of money losing all sense of value as the United States weighs yet another giant stimulus package. The U.S. would spend $400 billion on new stimulus measures to pay every adult $2,000 a month pocket.

Europe led world stock markets back to higher ground on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies offset some truly stinking global economic numbers. Asian equities and U.S. futures had wilted earlier.

Flush with fiscal and Federal Reserve stimulus, equity bulls have put up a stunning rally. Meanwhile the slowing growth of new coronavirus cases is brightening the outlook too. In 16 trading days ending last week, the S&P 500 Indexed retraced.

Apple will make its iPhone SE 2 available in stores on Apr. 24. Last week, President Donald Trump talked about plans to reopen America after 30 days of lockdown. While the U.S. may take some time to resume, Apple’s other.