US stocks edged higher on Wednesday as traders weighted the prospects of a new spending bill against inflamed tensions with China.
Fears of a worsening US-China relationship escalated after the US unexpectedly ordered the closure of China's consulate in Houston. The State Department said the decision was"to protect American intellectual property and Americans' private information." China quickly retaliated, saying it plans to exact"firm countermeasures" against the US. The tit-for-tat actions revive strains between the economic superpowers after a period of relative stability.
Amid the rising tensions, investors are pinning hopes that a new spending bill will be enacted before an upcoming deadline, with the existing $600 unemployment-insurance boost set to expire.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Instead of reading this, start learning about budgeting! Building a good budget allows you to cut expenses so you can invest more money!
Stop reading all of this and start investing in ETFs and index funds! Market always goes up over long time horizons but fluctuates on a daily basis. Think long term!
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks fade into the close as doubts around a rescue bill erase gains | Markets InsiderUS stocks limped into the close on Tuesday, paring earlier gains, after Senate Majority Leader Mitch McConnell said he doesn't expected another ... Buy the dip 📈
Source: BusinessInsider - 🏆 729. / 51 Read more »
Mike Pompeo says WHO chief was 'bought' by China in secret deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Both countries flinging bullshit at one another. He might be the stupidest person in government, which is quite a distinction. intelligence shows Trump was bought by Putin (among others)
Source: BusinessInsider - 🏆 729. / 51 Read more »
US accuses Chinese hackers in targeting of COVID-19 research - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Damn! It proves even very smart humans have “bad instincts” which lead them to break ethics & values in order to make quick, easy money Why doers everything of national value have to be placed on the public internet ? Shouldn't we have an internet system just for strategic development purposes that has no access to hackers via the public internet system ? Shouldn't we be tired of building China's economy by now?
Source: BusinessInsider - 🏆 729. / 51 Read more »