Economic News

By Geoffrey Smith  Investing.com -- The Senate adopts a bill speeding the passage of President Joe Biden’s $1.9 trillion stimulus package. Nonfarm payrolls are set to top the prior...

(Bloomberg) -- Australia’s central bank chief Philip Lowe said the outlook for the economy has improved, though interest rates will remain low for “quite a while yet” amid muted...

By Geoffrey Smith  Investing.com -- Jeff Bezos bows out of Amazon on a high note, as Alphabet also blows past forecasts in the fourth quarter. ADP payrolls are due, Mario Draghi is...

By Geoffrey Smith  Investing.com -- The squeeze on shorted stocks and silver eases, while Robinhood raises another $2.4 billion from shareholders to fund its collateral...

(Bloomberg) -- President Joe Biden said the U.S. could reinstate sanctions on Myanmar if the Southeast Asian country’s military doesn’t “immediately relinquish the power they have...

(Bloomberg) -- There’s a record amount of office space available in Manhattan. With workers stuck at home, the office availability rate rose to 14.9% in January, the highest in...

By Geoffrey Smith  Investing.com -- Silver hits $30 an ounce as the retail investor army moves on from GameStop. The short squeeze in other stocks still has some juice left in it....

(Bloomberg) -- China’s efforts to control a recent resurgence of Covid-19 are undercutting a recovery that’s been one of the bright spots in the global economy. Travel has...

By Noreen Burke Investing.com -- A big week for earnings, including reports from Amazon and Alphabet, stimulus negotiations in Washington and the first jobs report of 2021 will all...

(Bloomberg) -- The Biden administration has former President Donald Trump’s so-called phase-one trade deal with China “under review” along with the rest of the U.S. posture toward...

(Bloomberg) -- President Joe Biden is personally reaching out to Republican lawmakers amid a cool reception from the party for his $1.9 trillion stimulus plan. Maine Senator Susan...

(Bloomberg) -- The European Union is unlikely to grant equivalence to the U.K. on financial services, with divergence between the two “the most likely scenario” in coming years,...

By Geoffrey Smith Investing.com -- The tug of war continues between Wall Street hedge funds and an army of exuberant and sometimes grievance-driven retail traders. The first...

(Bloomberg) -- The European Central Bank is ready to use all the tools necessary to stimulate inflation, and is keeping a close eye on the euro’s appreciation, Governing Council...

(Bloomberg) -- WallStreetBets, the internet forum fueling a frenzy of retail trading, briefly turned itself off to new users Wednesday after a deluge of new participants raised...

(Bloomberg) -- Federal Reserve Chairman Jerome Powell gave no indication he hopes to extend the central bank’s ongoing emergency lending programs, or to revive programs that were...

By Yasin Ebrahim Investing.com - The Federal Reserve left interest rates unchanged on Wednesday following the conclusion of its first meeting of the year.  The Federal Open Market...