Treasuries consolidated gains made in the wake of the Fed decision, which featured fresh projections, including an outlook for no interest-rate hikes through 2022. The yen edged up to 106.96 per dollar.The offshore was little changed at 7.0591 per dollar.The Bloomberg Dollar Spot Index was little changed after falling 0.5% Wednesday.The euro bought $1.1378. [Full Article...]
The Dow Jones Industrial Average .DJI fell 282.31 points, or 1.04%, to 26,989.99, the S&P 500 .SPX lost 17.04 points, or 0.53%, to 3,190.14 and the Nasdaq Composite .IXIC added 66.59 points, or 0.67%, to 10,020.35. Wednesday's moves come as Texas reports consecutive record surges in coronavirus-related hospitalizations while Arizona's hospitalization rate is also rising. [Full Article...]
Also, VW will make a small pickup built on the underpinnings of Ford's Ranger , and Ford will build an unidentified electric vehicle for Europe based on VW's modular design, the companies said. A Volkswagen spokesperson told The Drive that there are "no plans" to sell the Amarok here, contrasting a 2018 statement from recently displaced VW brand CEO Herbert Diess that suggested the Amarok could... [Full Article...]
Changes to government support for the sector will also see the JobKeeper payment ended for workers in the sector. "The main reason is that the funding the services were receiving were only about 50 per cent of its revenue plus receiving JobKeeper, so it didn't matter how many children they had, they were receiving the same amount of money, so it wasn't covering the types of fees that they would ... [Full Article...]
The 400 closings represent a small fraction of Starbucks' roughly 8,800 company-owned stores in the U.S. The coffee chain operator said it typically closes about 100 stores per year in the Americas mostly due to lease expirations, trade-area shifts, and other market conditions. [Full Article...]
The Labor Department said it modified the April JOLTS estimates to better reflect the virus impact and the figures aren't directly comparable with the survey period used for the establishment survey in the monthly jobs report. On Tuesday, data released from the US Labour Department had reflected an ambivalent texture with layoffs easing in April, during the peak of the pandemic outbreak in the ... [Full Article...]
The challenge, which comes as Europe mobilizes trillions of euros to bolster the area's financial system, is geared toward shielding industrial banks from any second fallout from the disaster, if rising unemployment chokes off the earnings wanted to repay loans. [Full Article...]
Bullion fell as much as 2.4% to $1,670.14 on Friday - its lowest in more than a month - as an unexpected surge in U.S. employment numbers for the month of May raised hopes for a quick economic recovery and boosted investor appetite for riskier assets. [Full Article...]
Treasuries consolidated gains made in the wake of the Fed decision, which featured fresh projections, including an outlook for no interest-rate hikes through 2022. The yen edged up to 106.96 per dollar.The offshore was little changed at 7.0591 per dollar.The Bloomberg Dollar Spot Index was little changed after falling 0.5% Wednesday.The euro bought $1.1378. [Full Article...]
The Dow Jones Industrial Average .DJI fell 282.31 points, or 1.04%, to 26,989.99, the S&P 500 .SPX lost 17.04 points, or 0.53%, to 3,190.14 and the Nasdaq Composite .IXIC added 66.59 points, or 0.67%, to 10,020.35. Wednesday's moves come as Texas reports consecutive record surges in coronavirus-related hospitalizations while Arizona's hospitalization rate is also rising. [Full Article...]
Also, VW will make a small pickup built on the underpinnings of Ford's Ranger , and Ford will build an unidentified electric vehicle for Europe based on VW's modular design, the companies said. A Volkswagen spokesperson told The Drive that there are "no plans" to sell the Amarok here, contrasting a 2018 statement from recently displaced VW brand CEO Herbert Diess that suggested the Amarok could... [Full Article...]
Changes to government support for the sector will also see the JobKeeper payment ended for workers in the sector. "The main reason is that the funding the services were receiving were only about 50 per cent of its revenue plus receiving JobKeeper, so it didn't matter how many children they had, they were receiving the same amount of money, so it wasn't covering the types of fees that they would ... [Full Article...]
The 400 closings represent a small fraction of Starbucks' roughly 8,800 company-owned stores in the U.S. The coffee chain operator said it typically closes about 100 stores per year in the Americas mostly due to lease expirations, trade-area shifts, and other market conditions. [Full Article...]
The Labor Department said it modified the April JOLTS estimates to better reflect the virus impact and the figures aren't directly comparable with the survey period used for the establishment survey in the monthly jobs report. On Tuesday, data released from the US Labour Department had reflected an ambivalent texture with layoffs easing in April, during the peak of the pandemic outbreak in the ... [Full Article...]
The challenge, which comes as Europe mobilizes trillions of euros to bolster the area's financial system, is geared toward shielding industrial banks from any second fallout from the disaster, if rising unemployment chokes off the earnings wanted to repay loans. [Full Article...]
Bullion fell as much as 2.4% to $1,670.14 on Friday - its lowest in more than a month - as an unexpected surge in U.S. employment numbers for the month of May raised hopes for a quick economic recovery and boosted investor appetite for riskier assets. [Full Article...]