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| Trump is handing Biden a booming stock market Despite this sharp rally, stocks under President Donald Trump have not performed as well as they did during the first terms of Presidents Bill Clinton or Barack Obama, according to an analysis by my CNN Business colleagues Matt Egan, Annalyn Kurtz and Tal ... | |
| Oil Producers Face a Long Haul Back to Business as Usual Mindful of risks to oil demand, Saudi Arabia this month stunned oil traders by making unilateral cuts to its crude production of 1 million barrels a day. The move was at odds with most other nations participating in an OPEC+ pact to manage oil supplies, who ... | |
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| Oil Pares Gains as Demand Concerns Outweigh Stimulus Optimism Biden has asked lawmakers to pass a $1.9 trillion virus aid package, which could support crude consumption. Still, fuel use is expected to take another hit as new virus outbreaks in China add to a wave of infections in Europe and other parts of the world. | |
| Yellen Opens Debate on Giant Spending Saying 'World Has Changed' Janet Yellen invoked an enduring era of low interest rates in delivering the Biden administration's opening argument to lawmakers for its $1.9 trillion Covid-19 relief proposal. President-elect Joe Biden's pick for Treasury secretary told the Senate Finance ... | |
| ECB Just Can't Escape Grip of Virus on Economy: Decision Guide European Central Bank officials will confront a frustrating outlook when they hold their first policy meeting of the year on Thursday, as stricter lockdowns and a slow vaccine rollout across the region threaten to leave the economy jammed up for months on end. | |
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| ECB to chart steady course even as the outlook dulls Having extended stimulus well into next year with a massive support package in December, ECB policymakers are keen to pass the baton to governments and fiscal policy to keep the euro zone economy afloat until normal business activity can resume. | |
| Oil rise on hopes of US stimulus, crude stocks drawdown MELBOURNE/SINGAPORE (Reuters) - Oil prices rose on Wednesday, building on solid gains overnight, thanks to a combination of a weaker dollar and expectations the incoming U.S. administration will deliver massive stimulus spending that would lift fuel ... | |
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