Investors rank potential complications with the mass vaccination efforts as the top concern for global financial markets next year. Capital market point to the likelihood of the virus mutating, possible…
U.S. sales of new single-family houses in November came at an adjusted annual rate of 841,000, according to the Census Bureau press release. The sales were down 11% from October…
BioNTech CEO said he does not know at the moment if the current vaccine can protect against the new COVID-19 strain in the U.K. but is optimistic that it does.…
U.S. Senate on Monday passed a giant year-end spending bill worth more than $2.4 trillion, the second-largest economic relief measure in history, according to Bloomberg. The spending bill combines $900…
European stocks and the pound traded 2% lower on Monday amid growing market volatility over a new coronavirus strain in Britain, reports Reuters. The new strain, up to 70% more…
U.S. Congressional leaders reached a deal on Sunday worth about $900 billion to bolster the U.S. economy devastated by the coronavirus pandemic, reports Bloomberg. The House of Representatives and the…
Senate Republican, John Thune, said the U.S. government is at risk of a partial shutdown over the weekend, reports Bloomberg. Thune believes some senators will object extending short-term funding as…
The Federal Reserve kept the target range for the federal funds rate at 0-0.25 until economic conditions stabilize, according to Bloomberg. Fed will also continue bond buys until ‘substantial‘ progress…
U.S retail sales fell 1.1% in November, a second consecutive month, dimming hopes of economic recovery from the pandemic recession, according to CNBC. Retail sales were weighed down by restrictions…
The U.S. lawmakers will this week try to end the impasse over federal budget priorities and coronavirus aid ahead of friday midnight deadline, Reuters reports. The House is yet to…
Seventeen U.S. states, whose elections were won by President Donald Trump, told the Supreme Court on Wednesday they support Texas bid to reverse President-elect Joe Biden projected Electoral College Victory,…
BlackRock raised equities from neutral to overweight on a 6-12 month tactical basis, as it sees a powerful restart to the economy due to vaccines, reports BlackRock. BlackRock also downgraded…