Breaking news from around the globe: U.S. news, politics, world, health, finance, video, science, technology, live news stream

Breaking news from around the globe: U.S. news, politics, world, health, finance, video, science, technology, live news stream

  • Dow Plunges 650 Points as Virus Cases Flare, Stimulus Hopes Fade

    U.S. stocks tumbled on Monday in thin trade, with the S&P 500 posting its biggest daily decline in four weeks, as soaring coronavirus cases and uncertainty about a fiscal relief bill in Washington dimmed the outlook for the U.S. economic recovery. The United States, Russia…

  • US Stocks Tumble as Virus Cases Continue Climb

    Stocks are slumping sharply in afternoon trading on Wall Street Monday and deepening last week’s losses, as a troubling climb in coronavirus counts threatens the global economy.

  • Larry Kudlow: Trump’s Economy Plan a ‘Clear Contrast’ With Biden’s

    There is a “clear contrast” between President Donald Trump’s economic goals if he’s elected to a second term in office and those that Democrat nominee Joe Biden has planned, National Economic Council Director Larry Kudlow…

  • Risks Abound for Emerging Markets Ahead of Election

    Emerging markets head into the last full trading week before the U.S. election with stocks and currencies near their highest levels since January and dollar-bond spreads close to their narrowest since February.

  • Kudlow: COVID-19 Aid Talks to Continue Monday

    White House economic adviser Larry Kudlow said talks between the Trump administration and House Democrats over another wave of COVID-19 aid were set to continue on Monday as both sides struggled to find a compromise one week before the Nov. 3 election.

  • FDA Delays Approval of Spectrum Pharma’s Drug Due to COVID-19

    Spectrum Pharmaceuticals said on Monday the U.S. Food and Drug Administration has deferred approval of its experimental drug for treating chemotherapy induced loss of white blood cells in cancer patients, due to COVID-19 related travel restrictions. The decision was taken as…

  • Coal Magnate Robert Murray Dead at 80, Days After Retiring

    Coal magnate Robert Murray died at his home in Ohio less than a week after announcing his retirement as board chairman of a major U.S. coal operator. Michael Shaheen, an attorney who had recently been representing Murray…

  • Jack Ma Blasts Global Financial Regulators’ Curbs on Innovation

    Alibaba Group founder Jack Ma criticized global financial regulations for stifling innovation and urged China to seek a system that accommodated development.”After the Asian financial crisis, the risk control highlighted in the Basel Accords has been” the priority for…

  • To Retire Rich, Don’t Leave Too Much to Your Kids

    Like self-improvement books, the purpose of pension adequacy surveys is to make us feel lousy about ourselves.

  • 3 Reasons to Invest in Protection of People

    Investors may often overlook the safety and protection industry and dismiss it in their portfolio construction.

  • Big Short in Treasuries Shows Some Pre-Election Cracks

    Rates traders are starting to question the big short position that’s built up in long-maturity Treasuries on the expectation of a Democratic sweep in next month’s U.S. elections.

  • Virus Spike Forces Reset of World Economic Expectations

    Investors banking on a coronavirus vaccine to save the world economy in 2021 need to temper their ambitions as scientists increasingly warn of a long and difficult road ahead.

  • NYT: Dunkin’ Brands Near $9B Sale to Inspire Brands

    Dunkin’ Brands Group, Inc., the parent company of donuts chain Dunkin’ and Baskin-Robbins, said it’s in talks to be acquired by private equity-backed Inspire Brands.

  • Stephen Moore: Q3 GDP Will Double US Record, 30-35 Percent

    Hailing “a red-hot economy” that “continues to sizzle,” economist Steve Moore has set extremely high expectations – quarterly growth more than double the U.S. record – for this week’s GDP report.

  • Kudlow Calls Biden’s Oil ‘Transition’ Plan Unrealistic

    Joe Biden’s plan to “transition” away from fossil fuels is not only a Utopian goal, it is also an impossible one to achieve, according to White House economic adviser Larry Kudlow.

  • AstraZeneca Resumes US Vaccine Trial and Next Week J&J Set to Do Same

    AstraZeneca Plc has resumed the U.S. trial of its experimental COVID-19 vaccine after approval by regulators, and Johnson & Johnson is preparing to resume its trial on Monday or Tuesday, the companies said on Friday. The news signaled progress against the novel coronavirus…

  • SEC Awards Record $114 Million to Whistleblower

    The Securities and Exchange Commission will pay a record-breaking $114 million award to a whistleblower who assisted an investigation, according to the Washington Examiner.

  • Biden Election Could Stifle 401(k) Tax Benefit for Millions

    Given his campaign’s emphasis on overhauling the tax system, should Joe Biden be elected, retirement accounts could take a major hit.According to a Fox Business article, Biden wants to “convert the current deductibility of traditional retirement contributions into matching…

  • Yardeni Sees ‘Tug-of-War’ Between Fed and Bond Market

    Ed Yardeni, president and chief investment strategist at Yardeni Research, says the Federal Reserve will be very concerned and may act if the bond yield moves above 1% and is advising clients to stay in U.S. equities.

  • Michael R. Strain: $15 Minimum Wage Would Wreck Recovery

    Biden and Trump expressed support for the idea, to one degree or another. Let’s hope neither of them is serious.

  • Novogratz: Bitcoin Isn’t ‘Transactional Currency’ for Now

    Billionaire investor Mike Novogratz is doubling down on a call Bitcoin serves as digital gold.

  • Fed: Threats to Treasury Market Liquidity Still Exist

    The U.S. Treasury market still runs the risk of abrupt freezes in liquidity like the one seen in March and April, as the COVID-19 pandemic roiled the financial system, a member of the Federal Reserve Bank of New York’s Market Committee said on Friday.

  • 3 Unloved Bank Stocks Investors Should Consider

    Investors appear unwilling to shake off nagging worries about the path of the economic recovery and embrace bank stocks.

  • Pandemic Severely Affects Ultra-Rich Jeweler to Oprah

    Laurence Graff had a big 2019. His jewelry company put one of the world’s largest precious stones up for sale, bought the premises of its flagship store in New York and opened another in Paris.

  • Hot Housing Market Before Election Is Mixed Blessing

    The housing market has been one of the few bright spots since the coronavirus pandemic slammed the U.S. economy, a boom that at a glance would appear to be aiding the financial wellbeing of American homeowners and ought to offer a tailwind to President Donald Trump heading…

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