Economic News Category

Equity futures will rise slightly after the Dow has made profits for the fifth straight day US stock futures rose on Tuesday evening after a mixed session as traders continued to evaluate the threat of Omicron’s Covid-19 options. Futures pegged to the Dow Jones Industrial Average rose 38 points, or 0.1%. S&P 500 futures rose

Dollar falls out of favor as Omicron exits volatile forex market The NSE 1.30 dollar fell again in early Asia on Wednesday, entering a third straight session under pressure, with investors favoring riskier currencies and assets. The New Zealand dollar edged up 0.8% on Tuesday, its best day since October, recovering almost a year from

China Evergrande reports progress on resuming home delivery China Evergrande Group on Sunday said it was making progress on resuming construction early, with its chairman pledging to deliver 39,000 apartments by December, down from less than 10,000 units in the previous three months. Evergrande is the most indebted property developer in the world, with more

Steady earnings leave indexes higher in short-term break week Wall Street continued its recent streak on Thursday, ending a shortened holiday trading week with a major stock rally that propelled the S&P 500 index to all-time highs. The S&P 500 Index rose 0.6 percent, its third consecutive gain. The benchmark’s latest milestone marks its 68th

Goldman cuts US GDP forecast after Manchin rejects Biden bill Goldman Sachs Group cut its economic growth forecast for the United States after Joe Manchin, a senator from West Virginia, rejected President Joe Biden’s $2 trillion tax and spending program. leaving Democrats with few options to revive the economic agenda. The group said in a