If he wants to get reelected, President Donald Trump needs the economic recovery to continue. That’s why his decision to unilaterally abandon talks over a bold stimulus package is so bizarre. © Al Drago/Getty Images An American flag is placed on a fence outside of the U.S. Capitol building on […]

(RTTNews) – European stocks closed modestly higher on Thursday as fairly decent economic data from the zone, optimism about a U.S. coronavirus relief package, and positive lead from Wall Street aided sentiment. Worries about continued surge in new coronavirus cases limited markets’ uptick. Although reports about progress in Brexit negotiations […]

NEW YORK (Reuters) – Global benchmark Brent crude pared losses Wednesday and the U.S. crude price rose on hopes that a U.S. economic stimulus deal would support the market, even as concerns about the coronavirus pandemic continued to loom over demand forecasts. FILE PHOTO: The sun is seen behind a […]

Wall Street stocks gained Wednesday on good US economic data and revived stimulus hopes as investors shrugged off a contentious presidential debate between President Donald Trump and former Vice President Joe Biden. After European equities retreated, US equities mounted a rally following upbeat comments by US Treasury Secretary Steven Mnuchin […]

Gold refrains from extending Wednesday’s downbeat performance, bounces off $1,884.74. US government passed stopgap funding bill, pushed back talks on major stimulus to Thursday. Nikkei suggests Japanese government is up for additional economic aid. China’s absence highlights Japan, risk catalyst for immediate direction. Gold prices rise to $1,888 during the […]

• The eruption of a partisan battle over replacing Supreme Court Justice Ruth Bader Ginsburg damaged already-slim prospects for another round of U.S. fiscal stimulus • The lapse in unemployment benefits and small business aid is set to subtract at least 5 percentage points from U.S. growth in the fourth […]

NEW YORK (Reuters) – The U.S. dollar lost ground as equities gained in volatile trading on Thursday with investors betting on the prospects for a new U.S. stimulus package to boost the coronavirus-battered economy after data showed rising unemployment claims. FILE PHOTO: A U.S. Dollar banknote is seen in this […]

(Bloomberg) — A parade of Federal Reserve officials Wednesday stressed that more fiscal stimulus is critical to sustaining the economic recovery, and U.S. stocks tumbled as pessimism began sinking in that Congress would ever deliver a new aid package. © Bloomberg Jerome Powell listens during a House Select Subcommittee on […]

(Bloomberg) — Stocks whipsawed as investors weighed the chances of a compromise on a new stimulus package amid concern over an uptick in global coronavirus cases. The dollar fell. Load Error The S&P 500 pared most of its earlier rally after optimism faded that Congress would reach a spending deal […]