Oil futures rise Tuesday, finding support as equity markets rose and as investors paid attention to potential for a tightening of the U.S. supply picture.
A week after a bullish golden cross pattern formed in the Dow Jones Industrial Average, a pair of important stock-market indexes are also beginning to generate upbeat chart formations—suggesting that a mostly technology-driven rally may be fanning out somewhat to other sectors of the market.
Futures pointed to a higher start for U.S. stocks Tuesday, with the S&P 500 within striking distance of its all-time closing high, finding support on talk of a potential tax cut and signs of a slowdown in the spread of COVID-19 in the U.S.
Prime Minister Jacinda Ardern warns the country’s biggest city will go into lockdown from midday Wednesday after four new coronavirus cases were confirmed.
The U.K. jobs picture remains bleak, according to the latest data released on Tuesday, with a low unemployment rate masking a sharp drop in employment and a record fall in hours worked.
‘Whether or not a vaccine is around the corner, alternative medicines have sprouted like mushrooms after rain, claiming to build immunity against COVID-19,’ writes Sadagopa Iyengar, an author and retired banker.
A California judge ruled Monday that Uber Technologies Inc. and Lyft Inc. must classify their drivers as employees due to a new state law, a decision that threatens the business models of the ride-hailing giants and other gig-economy companies.
The U.S. reached another milestone on Monday in confirmed cases of the coronavirus that causes COVID-19, as the case tally topped 5 million, which is more than one-quarter of the global total of more than 20 million cases, as uncertainties over the U.S. response continue to grow.
The Federal Reserve held $3.6 billion worth of corporate debt at the end of July, but its daily purchases are dwindling since the historic program kicked off in May, according to CreditSights.
President Donald Trump on Monday ties the latest gains in the stock market to his coronavirus-aid moves on Saturday, as he speaks at a news conference that was interrupted by a shooting outside the White House.
‘During their marriage he built up large tax bills, they filed jointly, and he built up close to $100,000 that’s still due from when they were married.’
‘I was the supervisor of the department that processed and reconciled parking citations. Since mid-March, the number of parking citations drastically fell due to the coronavirus pandemic.’
A judge ruled Monday that Uber Technologies Inc. and Lyft Inc. must classify their drivers as employees due to a new California law, a decision that threatens the business models of the ride-hailing giants and other gig-economy companies.