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Dollar slips vs most currencies on US stimulus expectations NEW YORK (Reuters) - The dollar slipped against major currencies on Thursday in volatile trading, as hopes for U.S. fiscal stimulus cheered investors and spurred them to seek higher-yielding but riskier currencies. FILE PHOTO: George Washington is seen ...
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Crypto precedent: NY judge rules Kik's digital currency was a security, grants win to SEC (Reuters) - There is scant precedent on whether cryptocurrency developers can sell tokens to the public without triggering U.S. securities laws. So a decision Wednesday by U.S. District Judge Alvin Hellerstein in Manhattan, concluding that Kik Interactive ...
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Despite Billions in Fees, Banks Predict Meager Profits on PPP Loans Loath to be seen profiting from the economic disaster caused by the coronavirus, the nation's biggest banks were quick to pledge they would donate to charity any money earned from helping deliver the government's signature small-business relief plan.
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Pfizer CEO pushes back against Trump claim on vaccine timing The head of Pfizer, one of the drugmakers racing to develop a coronavirus vaccine, told employees on Thursday he was disappointed that its work was politicized during the presidential debate and tried to reassure U.S. staff that the company won't bend to ...
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Stocks making the biggest moves in the premarket: PepsiCo, Bed Bath & Beyond, Amazon & more Take a look at some of the biggest movers in the premarket: PepsiCo (PEP) – The snack and beverage giant reported quarterly profit of $1.66 per share, beating the consensus estimate of $1.49 a share. Revenue came in above estimates as well, boosted in ...
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Oil's Recovery Set to Drag On Beyond Next Year Oil prices won't recover to pre-coronavirus levels by the end of next year, investment banks say. A group of 10 investment banks polled by The Wall Street Journal forecast that futures for Brent crude oil, the global benchmark, will average $53.50 a barrel in ...
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What to watch today: Stocks set to rise as October and Q4 begins Wall Street on Thursday is set to start the new month and fourth quarter with gains on rising hopes for further coronavirus aid. The Dow Jones Industrial Average, S&P 500 and Nasdaq logged strong advances Wednesday, their fourth positive sessions in the ...
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Oil drops 5% on weak demand outlook and higher OPEC supplies NEW YORK (Reuters) - Oil prices fell more than 5% on Thursday as rising coronavirus cases around the world dampened the demand outlook, and a rise in OPEC output last month also pressured prices. FILE PHOTO: A pump jack operates in front of a ...
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Leaders in several states warn residents to be on guard as worrying Covid-19 trends emerge (CNN) Leaders in states across the country are sounding the alarm about rising Covid-19 cases that experts say could foreshadow a coming surge. In New York, several Covid-19 clusters have created "hotspot" zip codes, the governor said, with a positivity ...
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FOREX-Dollar slides as risk sentiment rises on US stimulus hopes ... * Mnuchin, Pelosi express hope for new stimulus bill * Debate confirms uncertain election outlook, boosts dollar * U.S. private employment rises in September * U.S. GDP final estimate shows steep contraction * Graphic: World FX rates in 2020 ...
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