The U.S. economy shrank at a 4.
8% pace in the first quarter as many companies report losses, President Trump’s action to keep meat-processing plants open is criticized by unions, and labs say Covid-19 testing capacity is unused. WSJ’s Shelby Holliday has the latest on the pandemic. Photo: Marcus Santos/Zuma Press
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Asia stocks set to rise as Wall Street jumps on lockdown easing hopesAsian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and U.S. states buoyed sentiment, despite another decline in oil prices. NEW: Canada reports 1,605 new cases of coronavirus and 147 new deaths. A total of 48,500 cases and 2,707 deaths. Cut China from The US financial system. Expel Chinese students. No Chinese tourist visas. 100% tariffs on Chinese goods. Sanctions and assets frozen.
Source: Reuters - 🏆 2. / 97 Read more »
Australia stocks set to trade higher as investors await Fed rate decisionStocks in Australia were set to edge higher at the open as investors await the U.S. Federal Reserve's decision on interest rates, expected later on Wednesday stateside.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks rise as governments look at reopening economiesStocks rallied worldwide Monday as governments prepare to gradually lift restrictions they imposed on businesses to slow the sweep of the coronavirus pandemic. This is going to backfire with thousands of extra deaths or more. Science trumps politics. If politicians could fly to the moon they would have done it 2000 years ago. They couldn't. Scientist had to do it.
Source: latimes - 🏆 11. / 82 Read more »
Japan stocks set to rise as oil prices plunge overnight; HSBC earnings aheadWest Texas Intermediate for June delivery plunged more than 24% overnight to settle at $12.78 per barrel. International benchmark Brent crude futures also saw sharp losses as the contract fell 6.76% to $19.99 per barrel. 😷 Nothing makes sense anymore Clown market.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Rise Ahead of Powell’s CommentsThe S&P 500 and Dow industrials rallied as investors await views from Fed policy makers on the health of the U.S. economy and digest a statement from Gilead Sciences saying that a clinical trial evaluating its drug remdesivir in coronavirus patients had concluded. Spray more money,great china will fill the bill for ya. “The gains also coincided with a statement from Gilead Sciences saying that a clinical trial evaluating its drug remdesivir in coronavirus patients had concluded with a positive result, sending shares in the biotech company up sharply in premarket trading.” Simply proving that the current investment and stock strategy in the US is failed. If stocks rise with simple guesses and false promises, it means that the market is falsely propped up and as soon as they realize this was a misstatement or lie, it will go right back down.
Source: WSJ - 🏆 98. / 63 Read more »
Stocks charge higher on hopes for progress in fighting virusStocks charged higher around the world Wednesday following an encouraging report on a possible treatment for COVID-19. The optimism helped send the S&P 500 up 1.9% in the first few minutes... Great news Another proof that finance is enemy of the people. I have a good feeling about Alka Seltzer.
Source: AP - 🏆 728. / 51 Read more »