Commodities6 hours ago (Aug 21, 2020 04:11PM ET) (C) Reuters. By Barani Krishnan Investing.com – Oil prices settled lower on Friday after data showed the U.S. rig count jumped double digits this week, suggesting crude drillers in the world’s largest producing country were adding to output despite a questionable demand outlook amid the coronavirus pandemic. […]
Stock Markets7 hours ago (Aug 21, 2020 04:05PM ET) (C) Reuters. By Yasin Ebrahim Investing.com – The S&P closed at a record high on Friday, as an Apple-infused rally in tech and positive economic data prompted investors to raise their bullish bets on stocks. The S&P 500 closed 0.42% higher at a record 3,395, the […]
CommoditiesAug 21, 2020 03:50PM ET (C) Reuters. U.S. and EU flags are pictured during the visit of Vice President Pence to the European Commission headquarters in Brussels By Philip Blenkinsop and Andrea Shalal BRUSSELS/WASHINGTON (Reuters) – The United States and the European Union on Friday announced a mini-deal valued at around $200 million to cut […]
Economy7 hours ago (Aug 21, 2020 03:50PM ET) 2/2 (C) Reuters. FILE PHOTO: A man rides a bike in front of the Federal Reserve Board building on Constitution Avenue in Washington 2/2 By Jonnelle Marte and Howard Schneider NEW YORK (Reuters) – A congressional panel overseeing the implementation of some coronavirus aid programs urged the […]
Economy7 hours ago (Aug 21, 2020 03:50PM ET) (C) Reuters. FILE PHOTO: Delta Air Lines passenger planes parked in Birmingham By Tracy Rucinski CHICAGO (Reuters) – Delta Air Lines (N:DAL) and the union representing its pilots said on Friday they remain in talks to avoid furloughs after 1,806 pilots agreed to early retirement programs, with […]
Economic IndicatorsAug 21, 2020 03:40PM ET (C) Reuters. People walk inside a shopping center in Bogota BOGOTA (Reuters) – Colombia’s government on Friday launched an effort to attract $11.5 billion in non-energy related foreign investment between now and 2022, in a bid to create jobs during the economic crisis caused by the coronavirus. The plan, […]
Commodities7 hours ago (Aug 21, 2020 03:37PM ET) By Barani Krishnan Investing.com – Gold swung nearly $50 on the day before settling up 50 cents in New York futures trade, demonstrating the yellow metal’s return to a rollercoaster mode from the one-way — higher — direction seen just days earlier this week. Benchmark December gold […]
Stock Markets11 hours ago (Aug 21, 2020 12:00PM ET) (C) Bloomberg. An employee wearing a protective mask works in the turning area of the Avon Machining LLC Manufacturing facility in Shelby Township, Michigan. Photographer: Emily Elconin/Bloomberg (Bloomberg) — Michigan and other Rust Belt states led the improvement in the U.S. employment picture in July, showing […]
(C) Reuters. A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York LONDON (Reuters) – 1/ POWELL TAKES (VIRTUAL) CENTRE STAGE A lot has been riding on the Fed in recent months: risk assets have surged on the back of its do-whatever-it-takes approach to propping up […]
Economy12 hours ago (Aug 21, 2020 11:05AM ET) (C) Reuters. FILE PHOTO: People walk in an office in the financial centre of Canary Wharf LONDON (Reuters) – Britain’s official budget forecasters raised their estimate for the size of the country’s public debt pile at the end of the current financial year, after data showed earlier […]