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POPULAR NEWS
Gold futures end higher, up more than 3% for the month

Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal. Meanwhile, Federal Reserve Chairman Jerome Powell said Friday that while he was a bit less tense about the economy, he is still concerned about a potential "second wave" of the coronavirus outbreak. Against that backdrop, August gold climbed by $23.40, or nearly 1.4%, to settle at $1,751.70 an ounce. Most-active futures contract prices ended the month with a gain...

Powell Says The Fed is 'Days Away' from Making The First Loans in The Main Street Lending Facility

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just about ready, Powell told Princeton University economist and former Fed official Alan Blinder in a webinar interview Friday. "We're days away from making our first loans in Main Street, he said. "We...

U.S. oil futures reverse course to finish higher, climb 88% for the month

U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the U.S. and China, and as another drop in U.S. oil rigs suggested further domestic production declines. U.S. prices ended the month with a gain of 88%, based on the front months, to mark the best monthly performance on record, according to Dow Jones Market Data. July West Texas Intermediate oil rose $1.78, or 5.3%, to settle at $35.49 a barrel on...

Dow hits session low, falls more than 250 points ahead of Trump news conference on China

Stocks were lower on Friday as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump. The Dow Jones Industrial Average fell 255 points, or 1%. The S&P 500 slid 0.7% while the Nasdaq Composite was down by 0.1%. Trump said Thursday afternoon he would hold the news conference, knocking stocks down from solid gains. That announcement came after China approved a national security bill for Hong Kong that experts warn could endanger the city™s...

European markets fall but still close out the month over 3% higher

European markets fell Friday as escalating tensions between the U.S. and China pushed back on the week™s positive sentiment amid the reopening of economies across the continent. The pan-European Stoxx 600 provisionally closed down by 1.6%, but the index was still up over 3% since the start of May, on pace to register its second straight positive month following April™s more than 6% gain. U.S. President Donald Trump is expected to hold a press conference Friday œon China and markets...

Trump Appeals to Congress to Pass COVID Stimulus Bill
Thursday, 26 March 2020 18:27 WIB | GLOBAL |Global

U.S. President Donald Trump is appealing to both houses of the U.S. Congress to pass the $2 trillion stimulus bill aimed at rebooting an economy brought to a standstill by the coronavirus pandemic.

It is the biggest single package to help American citizens and shuttered businesses cope with the ensuing disaster.

The Senate and White House hammered out the details Wednesday after a complex series of negotiations and procedural votes.

While it includes a lot of provisions aimed at relieving the economic stress, the bill's outstanding features include cash payments to individuals and married couples making less than $99,000 a year.

Unemployment benefits are boosted, student loan payments suspended, and the badly hit airline industry will get tens of millions of dollars in help.

The bill specifies that none of Trump's businesses will benefit and no money for the Pentagon can be spent on the border wall.

Treasury Secretary Steven Mnuchin told reporters that the administration anticipates the stimulus package will keep the economy afloat for three months.

Source : VOA

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POPULAR NEWS
Gold futures end higher, up more than 3% for the month

Gold futures ended higher on Friday as tensions between the U.S. and China over Hong Kong fed haven demand for the precious metal. Meanwhile, Federal Reserve Chairman Jerome Powell said Friday that while he was a bit less tense about the economy, he is still concerned about a potential "second wave" of the coronavirus outbreak. Against that backdrop, August gold climbed by $23.40, or nearly 1.4%, to settle at $1,751.70 an ounce. Most-active futures contract prices ended the month with a gain...

Powell Says The Fed is 'Days Away' from Making The First Loans in The Main Street Lending Facility

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just about ready, Powell told Princeton University economist and former Fed official Alan Blinder in a webinar interview Friday. "We're days away from making our first loans in Main Street, he said. "We...

U.S. oil futures reverse course to finish higher, climb 88% for the month

U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the U.S. and China, and as another drop in U.S. oil rigs suggested further domestic production declines. U.S. prices ended the month with a gain of 88%, based on the front months, to mark the best monthly performance on record, according to Dow Jones Market Data. July West Texas Intermediate oil rose $1.78, or 5.3%, to settle at $35.49 a barrel on...

Dow hits session low, falls more than 250 points ahead of Trump news conference on China

Stocks were lower on Friday as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump. The Dow Jones Industrial Average fell 255 points, or 1%. The S&P 500 slid 0.7% while the Nasdaq Composite was down by 0.1%. Trump said Thursday afternoon he would hold the news conference, knocking stocks down from solid gains. That announcement came after China approved a national security bill for Hong Kong that experts warn could endanger the city™s...

European markets fall but still close out the month over 3% higher

European markets fell Friday as escalating tensions between the U.S. and China pushed back on the week™s positive sentiment amid the reopening of economies across the continent. The pan-European Stoxx 600 provisionally closed down by 1.6%, but the index was still up over 3% since the start of May, on pace to register its second straight positive month following April™s more than 6% gain. U.S. President Donald Trump is expected to hold a press conference Friday œon China and markets...

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