Stronger U.S Equity Futures, Declining Bond Yields Aid Recovery in Global Stocks
Euro STOXX 600 rose 0.1% on Tuesday after Monday, gains pushing the German's index to a record high as other global stocks also rose. The rise in global stocks was…
U.S. Child Tax Credit Could Prevent Quick Delivery of COVID-19 Aid Checks
The U.S government can deliver $1400 coronavirus checks once Congress finalizes a new aid bill and President Joe Biden signs it, according to Reuters. Experts warn the expanded child tax…
Oil Billionaire Rokke Targets Bitcoin Investment in New Entity
Norwegian oil billionaire Kjell Inge Rokke’s Aker ASA is setting up a new business Seetee AS, to tap into the potential of bitcoin, according to Bloomberg. Rokke believes bitcoin will…
Here is Why Ether’s Supply Could Fall, Prompting a Rise in Prices
Ethereum blockchain developers’ 2015 proposal to destroy some ether used in transactions could reduce the supply of the cryptocurrency, according to Bloomberg. Known as EIP 1559, the change will become…
Brent Crude Surges Past $70 after Attack on Saudi Arabia’s Oil Facilities
Brent crude futures rose 2.65% to $71.20 a barrel for the first time in more than a year in Asian trading hours on Monday. According to CNBC, the surge in…
Deconstructing the Updated $1.9 Trillion Stimulus Package Ahead of Voting
Senate Democrats released an updated version of the $1.9 trillion stimulus plan on Thursday ahead of chamber voting by the end of the week, according to Bloomberg. The plan includes…
WPG Stock Falter as Washington Prime Group Prepares a Bankruptcy Filing
Mall owner Washington Prime Group shares fell as much as 63% as news emerged it is preparing a bankruptcy filing, reports Bloomberg. The filing comes after talks between the real…
Pentagon Reconsidering Microsoft $10B JEDI Deal as Amazon fights back
The U.S Defense Department is weighing the $10-billion contract it awarded to Microsoft Corp. over a legal battle with rival Amazon, according to a report. The Pentagon could pull the…
Eyes on Hong Kong, Economy, and International Relations as Beijing Holds Key Meeting
Beijing said it would strengthen constitutional enforcement in Hong Kong on Friday to chart a post-pandemic course, according to SCMP. Here are the key highlights of the two sessions, which…
China’s Sets 6% Growth Target Despite Higher Analysts’ Projections
China set a modest annual economic growth target, at above 6% this year, below the consensus estimate of 8%, according to Reuters. The growth target is conservative and seeks to…
Powell’s Dovish Sentiment Disappoints Bond Markets
Fed Chair Jerome Powell prompted caution in the bond market on Thursday when he hinted at watching the recent run-up in yields, according to Bloomberg. Powell is concerned about disorderly…
Eurozone Construction Activity Remains in the Contraction Zone in February
Eurozone’s Construction Total Activity Index rose from 44.1 in January to 45.0 in February, according to IHS Markit press release. The index signaled a softer albeit a contraction in construction…
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