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Articles related to "stimulus"


Dow Falls as Intel Stock Crashes, Stimulus Talks Grind to a Halt

  • Deadlocked stimulus negotiations and surging coronavirus cases were additional concerns for the U.S. stock market.
  • Of the three major U.S. stock market indices, the Dow Jones was the weakest, as the Nasdaq and S&P 500 traded flat.
  • The key data release will be 3Q GDP growth and we expect it to be a record 34.5% annualised growth thanks to consumer spending rebounding on pent up demand after lockdowns and the support for household incomes coming from increased unemployment benefits, which saw upwards of 70% of recipients receive higher incomes than when they were actually working.
  • After the event, the stability in the Dow Jones clearly outlined the lack of revelations on the night, as markets reacted far more strongly after the initial, more chaotic confrontation.
  • The good news for the Dow Jones was that Intel is just the 26th heaviest weighted stock in the index, so its struggles didn’t cause too much damage.

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Here's Why the Dow Launched Over 200 Points Higher Today

  • The Dow Jones climbed 200 points on a combination of stimulus optimism and strong economic data.
  • Economic data were positive, as initial jobless claims comfortably beat estimates.
  • Continuing jobless claims were more than 1.2 million lower than estimates, indicating that America is increasingly heading back to work.
  • In addition to the jobs numbers, the domestic housing market continues to boom.
  • Though strong data were a contributing factor to risk-on conditions, Nancy Pelosi and stimulus talks continue to provide a carrot for the Dow bulls.
  • On a positive day for the Dow 30, it was financial giant JPMorgan Chase that was leading the way with a 3% gain.
  • CCN – Capital & Celeb News, also known as CCN Markets, CCN, and CCN.com, is a global news site with journalists in the U.S., UK, Europe, and Asia.

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Dow Flat As Trump Warns About A Biden Stock Market Crash - Again

  • The Dow Jones traded flat on Wednesday as uncertainty over stimulus continues.
  • Adding to the cautious mood, President Donald Trump’s efforts to scare investors about a stock market crash if Joe Biden is elected contributed to a choppy day of trade in the U.S. stock market.
  • All three of the major U.S. stock market indices traded near flat mid-week, as the Dow Jones dipped slightly into the red, and the Nasdaq and S&P 500 managed to squeak out a small 0.2% gain.
  • Though investors appear extremely sanguine about the prospect of hikes under a Democrat administration, this is definitely not the first time Trump has warned bulls of a stock market crash if Biden is elected President.
  • Watch the video for CNBC’s take on which candidate is actually better for the U.S. stock market.

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Global stocks slide as progress on stimulus stalls with just two weeks to go to the US election

  • Global stocks dropped on Thursday, driven lower by another blow to expectations that US lawmakers may agree on a stimulus framework before the November election.
  • The dollar index edged higher by 0.1%, to $92, but was still around its lowest in almost two months.
  • S&P; 500 futures edged lower overnight after a top US official said Russia and Iran have "taken specific actions to influence public opinion" relating to the presidential election.
  • Elsewhere in Europe, shares fell for a fourth day after new records of coronavirus cases were set across the region and governments continued to re-impose movement restrictions on citizens.
  • Economically-sensitive commodities like copper and nickel also dropped about 0.4%, suggesting deteriorating expectations for the global industrial economy.
  • The price hit a 15-month high the previous day after PayPal said it would soon allow users to buy, sell, and hold Bitcoin.

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Democrats block a $500 billion 'skinny' GOP coronavirus aid bill - Business Insider

  • Senate Democrats blocked a $500 billion slim coronavirus relief bill from Republicans on Wednesday, blasting it as inadequate to address the twin economic and public health crises.
  • Democrats had dismissed a similar plan over a month ago.
  • Senate Majority Leader Mitch McConnell said in a speech on the floor the plan was not completely ideal for both sides.
  • Read more: Senate Republicans are voting on a $500 billion stimulus bill less than two weeks before Election Day. Here's what's in Mitch McConnell's latest relief package.
  • The dismissal from Democrats came as coronavirus relief negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin showed signs of progress on Tuesday.
  • McConnell has warned the White House against striking a deal before the election, saying it could complicate their speedy timeline to confirm Judge Amy Coney Barrett to the Supreme Court next week.

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Democrats block a $500 billion 'skinny' GOP coronavirus aid bill - Business Insider

  • Senate Democrats blocked a $500 billion slim coronavirus relief bill from Republicans on Wednesday, blasting it as inadequate to address the twin economic and public health crises.
  • Democrats had dismissed a similar plan over a month ago.
  • Senate Majority Leader Mitch McConnell said in a speech on the floor the plan was not completely ideal for both sides.
  • Read more: Senate Republicans are voting on a $500 billion stimulus bill less than two weeks before Election Day. Here's what's in Mitch McConnell's latest relief package.
  • The dismissal from Democrats came as coronavirus relief negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin showed signs of progress on Tuesday.
  • McConnell has warned the White House against striking a deal before the election, saying it could complicate their speedy timeline to confirm Judge Amy Coney Barrett to the Supreme Court next week.

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ASX to fall, Wall St wobbles, $A surges

  • The data " have turned uglier over the last couple of days", Amherst Pierpont's Stephen Stanley said, pointing to rising new daily cases, a rising positivity rate, a rising death toll and a jump in hospitalisations.
  • Hong Kong shares ended higher for a fourth consecutive session on Wednesday, as hopes for a new round of US fiscal stimulus and strong third quarter results due to China's accelerated economic recovery boosted sentiment.
  • Gold will average less than $US2000 dollars an ounce next year, a Reuters poll showed, as a record-breaking rally slows, although prices are still expected to touch new highs.
  • The S&P/ASX 200 Index closed 7.2 points, or 0.1 per cent, higher at 6191.8, following a positive lead from Wall Street as investors gauged the possibility of American lawmakers approving new stimulus spending before the November 3 presidential election.

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How the US coronavirus outbreak compares to other countries in 11 charts - Business Insider

  • In cases per capita, the US ranks eighth in the world (excluding countries, territories, and microstates with populations with under 1 million).
  • The country is seeing a weekly average of more than 59,000 new cases per day — a nearly 40% increase from October 1.
  • When controlling for population size, the US ranks 24th in the world in terms of new daily cases per capita.
  • On average each week, nearly 170 daily cases are recorded for every 1 million people.
  • European nations like the UK, France, and Ireland rank higher in new cases per capita, since infections in those countries have steadily risen since August.
  • Already, the US ranks second in the world in terms of its weekly average of new daily deaths, behind India.
  • On average, the country is seeing around two daily deaths for every 1 million people.

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How the US coronavirus outbreak compares to other countries in 11 charts - Business Insider

  • In cases per capita, the US ranks eighth in the world (excluding countries, territories, and microstates with populations with under 1 million).
  • The country is seeing a weekly average of more than 59,000 new cases per day — a nearly 40% increase from October 1.
  • When controlling for population size, the US ranks 24th in the world in terms of new daily cases per capita.
  • On average each week, nearly 170 daily cases are recorded for every 1 million people.
  • European nations like the UK, France, and Ireland rank higher in new cases per capita, since infections in those countries have steadily risen since August.
  • Already, the US ranks second in the world in terms of its weekly average of new daily deaths, behind India.
  • On average, the country is seeing around two daily deaths for every 1 million people.

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A 'blue sweep' could boost US recovery and lift GDP across the euro-area, Goldman Sachs says

  • A "blue wave" in the upcoming presidential election could unleash a $2 trillion stimulus package, and this will not only boost the US, it could also lift euro area GDP by 0.5% over 2021-2020, Goldman Sachs economists said in a note on Tuesday.
  • The Goldman Sachs team forecast that a Democratic sweep would entail a "large fiscal stimulus package of at least $2 trillion shortly after the presidential inauguration", followed by longer term spending, the note said.
  • Built on the Fed's macro model, and assuming the Federal Open Market Committee does not hike rates until inflation moves above 2%, the Goldman team estimates such a package could raise the US output by two to three percentage points over the coming years.
  • In the event of a blue wave election, the Goldman rates team anticipates a treasury sell-off pushing down long-term Treasury yields around 30-40 basis points, the note said, pushing European bond yields up by 10-15 basis points.

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