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Stories about Finance

Oct 30 2020

U.S. GDP marks record growth at 33.1% in third quarter

The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending , rev...

Oct 26 2020

Tesla recalling 30000 cars in China over suspension issues

CNBC published an article Thursday that says China is "poised to dominate" an electric vehicle future if the USA doesn't transform the its automobile industry. In 2019, ...

Oct 22 2020

China's Q3 GDP grows 4.9% y-o-y, misses expectations

He said the data showed growth "still accelerating" heading into the present quarter. The latest data mirrors China's major strategic achievements in the fight agains...

Oct 22 2020

Plastic bag ban goes into effect today at stores across Long Island

If you forget to bring a bag with you, many retailers will have reusable bags for sale, or you can pay a $0.05 for a paper bag. People were bringing their personal use ba...

Oct 20 2020

US in no hurry to develop digital dollar: Fed's Powell

According to reports , the Federal Reserve is open to a collaboration with the private sector for a possible launch of a digital dollar in the U.S. However, it was note...

Oct 18 2020

World Health Organization study finds remdesivir didn’t help COVID-19 patients

World Health Organization began the Solidarity trial after a COVID-19 research forum in February recommended the evaluation of treatments for the disease and experts ide...

Oct 17 2020

Chilean gov't highlights improved International Monetary Fund projections for economy in 2020

For 2021, the World Bank sees Moldova's GDP bouncing back to 3.5% growth. Bangladesh, Bhutan, Sri Lanka and Maldives now have more per capita GDP than India. While ...

Oct 17 2020

Oil holds gains on shrinking US stockpiles

Gulf of Mexico and Libya resumed production at its largest oilfield. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or d...

Oct 14 2020

WTO allows European Union to sanction USA goods $4B over Boeing support

According to the European Commission , €232 billion ($272 billion) worth of goods were imported to the EU from the USA a year ago. A preliminary list that the bloc has r...

Oct 14 2020

Bank of England asks banks on readiness for negative rates

Policy makers have previously indicated that they were willing to consider negative interest rates amid the economic pressures caused by the COVID-19 pandemic. The Europe...

Oct 13 2020

China's CBDC will be distributed in Shenzhen as part of public trials

The currency retreated to 6.7320 per dollar, after closing on Friday at the strongest level since April 2019. The Bloomberg Commodity Index fell 0.2%.West Texas Interme...

Oct 13 2020

European Stocks Rise With U.S. Futures; Yuan Falls: Markets Wrap

The safe-haven Swiss franc was flat against the euro at 1.07630. "The economic fallout of COVID-19 has accelerated the relative decline of the U.S.as the world's econom...

Oct 13 2020

China's CBDC will be distributed in Shenzhen as part of public trials

The currency retreated to 6.7320 per dollar, after closing on Friday at the strongest level since April 2019. The Bloomberg Commodity Index fell 0.2%.West Texas Interme...

Oct 12 2020

Ram 700 debuts on official terms

The completely redesigned pickup is based on the Fiat Strada , which made its official debut earlier this year in Brazil and Argentina where the brand enjoys high popula...

Oct 11 2020

Hope of Imminent Stimulus Package Propels Futures

House of Representatives Speaker Nancy Pelosi . "Again and again, Democrats offer legislation to save lives and livelihoods", Pelosi said in a statement last week, "on...

Oct 11 2020

McConnell Says Any Deal on Stimulus Unlikely Before Election

Trump was admitted to Walter Reed National Military Medical Center last Friday, began a course of treatment, and returned to the White House Monday - before returning to ...

Oct 10 2020

White House to present $1.8T stimulus proposal

Pelosi's remarks come amid Trump's questionable behavior and impulsive actions which have greatly impacted multiple areas of government. The pandemic, which has claimed...

Oct 02 2020

Amazon: Nearly 20,000 workers tested positive for COVID-19

The disclosure comes after months of pressure from Amazon workers and labour groups calling for the company to divulge the COVID-19 numbers. "Since the beginning of thi...

Oct 02 2020

In its worst-ever glitch, Tokyo Stock Exchange trading halted

Though institutional investors need more information about such glitches than individuals, given that their systems are connected to the TSE's, retail investors complaine...

Oct 01 2020

Oil prices climb as USA inventories slide_china

The jitters over demand and the economic outlook due to the coronavirus resurgence have spurred a rally in the dollar as investors turned to safer assets, adding pressure...