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Mitch McConnell Says a Coronavirus Stimulus Package Is ‘Unlikely in the Next Three Weeks’Oct 9, 2020 - 07:36:59 PDT
McConnell's comments follow Nancy Pelosi and Steven Mnuchin's renewed push to reach a coronavirus stimulus deal.
The White House shifted tack on Thursday, signaling that the administration is again leaning toward a large-scale stimulus bill after House Speaker Nancy Pelosi pushed back on the idea of individual measures for parts of the economy hit by the Covid-19 crisis.Treasury Secretary Steven
Visualizing U.S. Money Supply vs. Precious Metal Production in the COVID EraOct 9, 2020 - 07:29:26 PDT
Amid trillions in COVID-19 stimulus, this graphic compares new U.S. dollars printed to U.S. precious metal coin production.
Bottom Line: I think we should be much more skeptical of the initial unemployment claims data. If you switch your analysis to the the layoffs and discharges series, the world looks very different.
Gammon gives the details to understand whats really going on with the economy.
"I think the U.S. has a series of tools that can actually absorb more debt, but there's a limit," BlackRock's Rick Rieder told CNBC's Becky Quick on Friday.
Gold jumped over 1% on Friday en route to a second straight weekly gain, as the dollar weakened and renewed negotiations for U.S. stimulus prompted investors to buy bullion as a hedge against inflation.
Central Banks Are Weighing Their Own Digital Currencies, This Is What They Could Look LikeOct 9, 2020 - 05:29:56 PDT
The Bank for International Settlements and seven central banks published a report laying out some key requirements for central bank digital currencies, or CBDCs.
I hate moving.We moved from Kentucky to Florida about a year ago. It wasn't fun. It was stressful. I lost things.Now, imagine moving $11.7 billion in gold bars and coins.
Regal Cinemas shut down all of its US theaters this week. The company said the closure is temporary, but it reveals the deeper strain in the retail sector. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs deeper into the retail mess and talks about what it is telling us about the broader economy. He also discusses the ongoing stimulus debate and the national debt news that nobody is talking about.
The yuan leapt to a 17-month high against the dollar on its first trading day after a week-long national holiday and was set for its strongest one-day gain since 2005, when Beijing de-pegged its currency from the greenback. Market sentiment was boosted as U.S. Democratic...
Top J.P. Morgan Advisor Increases Cash Position, Cites Stimulus Gridlock Risks as Major ReasonOct 9, 2020 - 05:00:44 PDT
J.P. Morgan Securities' Colleen O'Callaghan is taking steps to protect portfolios from an economic setback.
‘The Worst Is Not Behind Any Airline’: Qatar Airways CEO Warns More Collapses Coming for IndustryOct 9, 2020 - 04:53:56 PDT
The CEO urged government bailouts for airlines, warning that "the worst is not behind any airline, not only Qatar Airways."
Traders Are Confused by the Stimulus Back and Forth and Have Their Doubts About the Market GainsOct 9, 2020 - 04:50:52 PDT
They note that volume on up days has been notably light while on down days it’s notably heavier. This implies there’s not much buyer conviction, that much of the rally is simply sellers holding onto stocks unless prices rise.
"Once is happenstance. Twice is coincidence. Three times is enemy action."
The Success of Jawboning, Fed Steps Away from Corporate Bond Market, Having Bought No Bonds & ETFsOct 9, 2020 - 04:43:29 PDT
Fed’s ETF holdings fell for second month, corporate bond holdings barely ticked up: This “$750 billion” SPV is over before it really got started. But the hype had been huge.
Dallas Federal Reserve President Robert Kaplan said on Thursday he sees no need to expand the central bank's asset purchases to bolster the economic recovery and instead signalled support for winding stimulus down when the coronavirus crisis eases.
"The US federal budget is on an unsustainable path, has been for some time," Federal Reserve Chairman Jerome Powell said this week. But, Powell added, "This is not the time to give priority to those concerns."
Should you get a flu vaccine this year with Covid around? Will having one hurt or harm your run-in with covid if you happen to contract that disease?
The coronavirus has infected more than 36.5 million people globally as of Thursday, killing at least 1.06 million people so far.