Before the Bell: After US stimulus boosts global sentiment, traders look to ECB today March 11, 2021 The muted mood in government bond yields played a role in the rally enjoyed by stocks yesterday. In the past few weeks, rising yields acted as a catalyst to declines in stocks, while on the other hand, when yields have held steady or slipped, that has typically triggered the buying of stocks. “Yesterday was like [...]
Dow hits record high as Biden’s $1.9 trillion Covid stimulus bill gets final approval March 10, 2021 The blue-chip Dow Jones hit a new record high tonight as President Joe Biden’s $1.9 trillion (£1.4 trillion) Covid-19 stimulus bill received final approval in the House of Representatives. The bourse jumped 1.5 per cent over the course of trading to hit 32,297.81 after inflation fears subsided today. In addition, the S&P 500 also ground [...]
US Congress set to vote on Biden’s $1.9 trillion Covid-19 relief bill March 9, 2021 The US Congress will take up President Biden’s blockbuster $1.9 trillion Covid-19 relief bill tomorrow. The House of Representatives, under Democratic party control, is expected to approve it which would enable President Joe Biden to sign the legislation into law later this week. The Senate, where Democrats have a razor thin majority, passed its version [...]
Democrats advance Biden’s $1.9 trillion Covid-19 relief package March 6, 2021 Democrats forged ahead with President Joe Biden’s $1.9trn coronavirus relief plan early on Saturday, holding back Republican attempts to modify the package. With Republicans united in opposition, Democrats who narrowly control the chamber must keep all 50 of their members on board in order to pass the package, as they hope to do this weekend. [...]
US Capitol ‘at risk of attack’ today after FBI warns of QAnon militia riot plans March 4, 2021 FBI aware of possible second attack on US Capitol after militia groups threaten to remove Democrat lawmakers.
Elizabeth Warren’s proposed billionaire’s wealth tax would rake in ‘$78bn from just 100 people’ March 1, 2021 US Wealth tax bill aims to reverse economic downturn caused by Covid-19
Biden’s $1.9 trillion Covid stimulus package passed by Congress February 27, 2021 President Joe Biden scored his first legislative win as the House of Representatives passed his $1.9 trillion coronavirus relief package early on Saturday morning, though Democrats faced challenges to their hopes of using the bill to raise the minimum wage. Democrats who control the chamber passed the sweeping measure by a mostly party-line vote of [...]
US governors urge Biden to pressure semiconductor firms on global shortage of automotive chips February 26, 2021 A bipartisan group of eight governors from U.S. automotive states urged President Joe Biden today to do more to press semiconductor firms to address a global shortage of automotive chips that has cut some vehicle production. Governors of Michigan, Indiana, Ohio, Kentucky, Kansas, South Carolina, Alabama and Missouri co-wrote a letter to Biden asking him [...]
US to maintain Trump decree aimed at limiting China tech deals February 26, 2021 The Biden administration plans to maintain new rules that were introduced by former President Trump take effect despite US business objections, according to the Wall Street Journal this evening. The rules focus on technology mergers and acquisitions. The rule, initially proposed in November, will allow the US Commerce Department to ban technology-related business deals that it [...]
US distances itself from Saudi Arabia as White House mulls arms restrictions, Khashoggi sanctions February 26, 2021 The Biden administration is recalibrating its relationship with Saudi Arabia, one of the United States’ closest allies in the Middle East. A State Department official reportedly told congress earlier today that it will be announcing new sanctions on Saudi Arabia in response to the killing of Saudi journalist Jamal Khashoggi. The Biden administration also declassified [...]