Tag Archives: biden

Wall Street’s equity markets rebounded from Monday’s retreat as risk appetite surged and recovered from a three-day decline ahead of the Christmas holiday later this week. The Dow Jones Industrial Average rose 1.5% to 35,441.21, the S&P 500 increased 1.6% to 4,639.79, and the Nasdaq Composite was up 2.2% to …

US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have patriotic duty to get vaccinated, Biden added.Biden also noted “We are not going back to March 2020, we can keep our K-12 schools open”. US markets are brushing the …

European stocks tracked a global market rebound Tuesday, boosted by hopes that vaccines will work to stem the tide of surging omicron cases. However, a brewing energy crisis appeared to loom with a key Russian pipeline reversing course and raising questions about whether politics were behind the reversal.The Stoxx Europe …

The US Congress, Monday, approved legislation to raise the debt ceiling by $2.5 trillion, in a move that is described as preemptive to any threat of a federal default until at least 2023. The federal government has never defaulted on debt payments.One Republican and all Democrats in the House voted …

The US Dollar Index, DXY, drops by 0.33%, settling at 96.48 during the day as the New York session. The market sentiment is relaxed, with major US shares falling between 1.51% and 2.86%.Factors like US President Biden’s failure to get his $2 trillion BBB project backed by Democrat Senator Joe …

Senator Joe Manchin’s opposition to the Build Back Better Act prompted Goldman Sachs to quickly dim its US economic outlook.The Wall Street firm told clients it no longer assumes President Joe Biden’s signature legislation will get through the narrowly divided Congress, citing the West Virginia Democrat’s announcement that he’s a …

It has been a big week for a number of major central banks worldwide. Central banks continuing to raise interest rates in an effort to tame inflation, largely dismissing for now the threat to economic growth posed by the spread of the Omicron variant. On ‘Super Thursday’ for central banks, …

“Omicron is here and going to start spreading more rapidly”, said US President Joe Biden while speaking from Roosevelt Room in the White House.US looking at a winter of severe illness and death for those not vaccinated against COVID-19. “It’s past time for people to get booster shots, which they …

The White House will unveil its “Trucking Action Plan” on Thursday to address supply chain challenges that have plagued the US economy for several months.The plan is the product of the administration’s Supply Chain Disruptions Task Force, a group chaired by Commerce Secretary Gina Raimondo, Transportation Secretary Pete Buttigieg and …

The Senate passed legislation Tuesday to raise the nation’s debt limit by $2.5 trillion, one of the final steps Congress needs to take to stave off default and the economic peril that would come if the U.S. were unable to pay its bills. The bill, approved in a 50-49 vote, …