Renewed concerns about COVID-19 in the face of looming European lockdowns impacted a range of sectors Friday, pushing stocks and oil down. This latest news boosts the US dollar.Stocks have been shaken in morning trading on Wall Street Friday and major indexes were on track for a mixed finish to …

The House of Representatives on Friday passed the largest expansion of the social safety net in decades, a $1.75 trillion bill that funds universal pre-K, Medicare expansion, renewable energy credits and affordable housing. The final vote was 220-213, and only one Democrat, Jared Golden of Maine, voted against the bill. …

Federal Reserve Board of Governors member Christopher Waller said on Friday that the rapid improvement seen in the labour market and high inflation makes him favour faster taper and sooner rate increase. Inflationary pressures are becoming more extensive, and will last longer into 2022 than expected. Waller added that the …

US bond yields experienced a sharp drop on Friday, the primary catalyst for which was a continued ramp up in concerns about lockdowns in Europe where Covid-19 infection and hospitalization rates continue to surge. The drop in bond yields coinciding rally in bond prices reflects a broader outperformance of safe-haven …

Early Christmas shopping have pushed up shop sales in October as people spent more on clothing and on toys.Sales rose by 0.8% in October, following no growth in September, according to the Office for National Statistics. Clothing sales reached their highest level since the start of the pandemic.Second-hand stores, like …

French President Emmanuel Macron said, Friday, that the UK is playing with France’s nerves over fishing licenses. Macron also reaffirmed that the UK is not respecting post-Brexit fishing arrangements and reiterated that his government would continue to support the fishermen until they get their licenses. GBP has not reacted to …

US shares markets witnessed a mild improvement in trading sentiment, despite printing a mixed daily performance for Thursday. The reason could be linked to the strong US data and comments from the Fed policymakers, as well as a pullback in the US inflation expectations and the Treasury yields.The Dollar Index’s …

US shares markets witnessed a mild improvement in trading sentiment, despite printing a mixed daily performance for Thursday. The reason could be linked to the strong US data and comments from the Fed policymakers, as well as a pullback in the US inflation expectations and the Treasury yields.Dow Jones dropped …

Sweetgreen’s shares nearly doubled in price mid-day Thursday, hours after the upscale salad chain made its first appearance on Wall Street.The company set its price at $28 per share Wednesday, ahead of its initial public offering Thursday. The stock price jumped to about $54 at one point, and was hovering …

The Dollar Index’s pullback continued on Thursday, with the index falling back to the 95.50s ahead of the start of the Asia Pacific trading session. Further positive US data, such as the drop of weekly initial jobless claims to a new post-pandemic low at 269K and larger than expected jump …