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Finance Tech, Liquidity

Treasury yields hold ground as reopening stays in focus

June 17, 2020

Via: Market Watch

Treasury prices struggled for direction on Wednesday as investors closely watched how individual U.S. states were going about reopening businesses and easing social restrictions with coronavirus cases rising in some areas of the country, just as the economy is starting […]


Industries, Retail & Wholesale

US retail sales likely recovered partly from record plunge

June 16, 2020

Via: ABC News

BALTIMORE — U.S. retail sales likely recovered somewhat last month as the economy increasingly reopened from shutdowns caused by the coronavirus and more shoppers felt confident enough to spend. The Commerce Department is expected to report Tuesday that retail purchases […]


News

Trump mulls $1 trillion infrastructure investment spree to upgrade roads, develop 5G networks

June 16, 2020

Via: Fortune

The Trump administration is preparing a nearly $1 trillion infrastructure proposal as part of its push to spur the world’s largest economy back to life, according to people familiar with the plan. A preliminary version being prepared by the Department […]


Finance Tech, Liquidity

Gold prices tumble more than 1.5% even as stocks retreat and coronavirus cases seen rising

June 15, 2020

Via: Market Watch

Gold futures headed sharply lower on Monday, failing to derive support from a weaker U.S. dollar or a selloff that was taking shape in global markets to start a week that appears rattled by worries about growing evidence of rising […]


Energy, Industries

BP takes $17.5B hit as pandemic accelerates emissions cuts

June 15, 2020

Via: ABC News

LONDON — Energy company BP is writing down its oil and gas assets by as much as $17.5 billion and will review its plans to develop oil wells as the shock to the industry and world demand from the COVID-19 […]


News

May consumer prices fall 0.1%, the third consecutive month

June 10, 2020

Via: ABC News

WASHINGTON — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The Labor Department said Wednesday that its consumer price index fell 0.1% last month after tumbling […]


Energy, Industries

Oil prices head lower for a second session as investors worry about oversupply from Gulf producers

June 9, 2020

Via: Market Watch

Crude-oil prices traded sharply lower early Tuesday for a second straight session as worries about the lack of compliance with a recent pact to cut production by a number of major producers pressured futures into negative territory. Analyst at Goldman […]


Finance Tech, Trading

Robinhood traders cash in on the market comeback that billionaire investors missed

June 9, 2020

Via: CNBC

One 26-year-old Robinhood trader made $1,500 in less than 24 hours betting on a beaten-down airline stock, while many so-called experts on Wall Street warned about buying into an overvalued stock market that was bound to tumble again amid the […]


News

Recession hit US in February, ending record-long expansion

June 8, 2020

Via: ABC News

WASHINGTON — The U.S. economy entered a recession in February, a group of economists declared Monday, ending the longest expansion on record. The economists said employment peaked in February and fell sharply afterward, marking the beginning of the downturn. The […]


Finance Tech, Liquidity

Gold prices head higher after Friday fall as investors bet on continued central-bank stimulus

June 8, 2020

Via: Market Watch

Gold prices on Monday rose off a two-month low as investors wagered that stimulus from central banks will remain in place for the foreseeable future, bolstering the case for bullion, despite a powerful rebound from equities off their lows in […]