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Economic news


There is enormous uncertainty in the stock market as investors enter one of the biggest weeks in recent history. Tomorrow’s presidential election won’t just determine who sits in the White House. The results in Congress could also have a major impact on fiscal stimulus measures as the coronavirus threatens to shut down the economy again. …

Three of the largest airlines operating from Britain have filed a legal challenge against the 14-day quarantine imposed by the UK government on many travelers arriving in the country on Monday. According to a statement, British Airways, easyJet and Ryanair want a “judicial review” of the measures, which aim to reduce the importation of the …

US President Donald Trump on Friday celebrated a better-than-expected unemployment report by saying “it’s a big day” for George Floyd, the 46-year-old black man whose death in custody has sparked protests in nationwide and reinvigorated calls for racial hatred. Justice. The president declined to present any kind of plan to improve race relations in the …

High risk warning: Foreign exchange trading involves a high level of risk which may not be suitable for all investors. Leverage creates additional exposure to risk and loss. Before deciding to trade currencies, carefully consider your investment goals, level of experience, and tolerance for risk. You could lose some or all of your initial investment; …

The government said on Wednesday that the US economy had suffered its worst contraction since the last recession. The Federal Reserve chief later said he did not know how severe this slowdown would be or how long it would last. Yet by the end of the day, the S&P 500 stock index had risen 2.7%. …

It quickly became clear that social distancing in response to the coronavirus pandemic will create serious economic fallout. Large parts of the US economy have almost completely shut down. New jobless claims have risen dramatically, eclipsing past records, both nationally and in Missouri. I analyzed data from several economic sectors most affected by the crisis. …

Listening to President Donald Trump’s list of his economic accomplishments, both real and exaggerated, in this week’s State of the Union address reminded those of a certain age of Archie’s boasting Bunker that the United States has “the grossest national product”. Beyond the low unemployment rate and record stock prices, one data point was notable …

Powell’s testimony from the Fed on the economy before Congress pushed stock prices higher last week. And it was worth paying attention to this news. But will the next round of economic data confirm the bullish outlook? Investors will need to focus on the Wednesday and Friday releases. Let’s take a look at the details. …