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Continue reading >>The market rebounded on Tuesday, snapping a four-day losing streak for two of the three major indexes, as traders looked past rising corona virus case counts around the world and intensifying political tensions in DC.Fed Reserve Chairman Jay Powell expressed cautious optimism that the economy is rebounding from the pandemic-induced recession with federal support but that more help from the...
Continue reading >>Chaos is exploding. Futures are plunging.Fires are raging across the west coast. There’s still no vaccine for the coronavirus. Lawmakers remain deadlocked over another round of stimulus, And, now with weeks to go before the U.S. elections, the Supreme Court’s Ruth Bader Ginsburg passed away, creating a fiery war of words between both parties over who will fill her...
Continue reading >>The market continued its September swoon on Monday as corona virus case counts surged around the world along with the passing of Supreme Court Justice Ginsberg which caused a heated debate on when the next Supreme Court should be picked.Negotiations on a new stimulus package that continues to remain in a stalemate and funding for the government also weighed on sentiment. The Financial sector was...
Continue reading >>U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app.ByteDance was racing to avoid a crackdown on TikTok after the U.S. Commerce Department said on Friday it would block new downloads and updates to the...
Continue reading >>The market closed lower on Friday, notching a third-straight weekly loss excluding the small-caps, amid uncertainty about a fresh round of fiscal stimulus from Washington. Weaker-than-expected economic news and concerns about tensions between the U.S. and China also weighed on sentiment.The choppy trading action also marked quadruple witching and happens on the third Friday of every March, June,...
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