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Summary List Placement Recent progress on developing coronavirus vaccines is “certainly good news,” but the US economy is still far from returning to pre-pandemic levels of activity, Federal Reserve Chair Jerome Powell said Tuesday. Investors positioned for a sooner-than-expected economic recovery over the past week as data from Moderna and Pfizer and BioNTech’s experimental vaccines […]

Summary List Placement Nearly 300 companies that received up to $500 million in coronavirus-related government loans have filed for bankruptcy, an analysis has found. An analysis of government data and court filings by the Wall Street Journal revealed that 285 American firms that obtained Paycheck Protection Program (PPP) loans in April eventually ran out of […]

Summary List Placement President-elect Joe Biden called on Congress to pass a $3.4 trillion stimulus plan that House Democrats approved earlier this year. He warned of a “dark winter” as recorded virus infections reach new highs, prompting some states and cities to enact new restrictions to thwart the pathogen’s spread. “That requires sparing no effort […]

Summary List Placement Americans spent less at retailers than expected in October as the economic recovery decelerated amid a worsening pandemic. US retail sales gained 0.3% last month, according to the Census Bureau. Economists surveyed by Bloomberg expected sales to increase by 0.5%. The reading also marked an decline from September’s 1.6% increase. The October […]

Summary List Placement Moderna’s vaccine announcement on Monday made the “light at the end of the tunnel” a little bit brighter as the stock market and economy look poised to gain in 2021, Wharton Professor Jeremy Siegel told Bloomberg. The renowned finance professor said he expects stocks to have a “really tough period” for the […]

Summary List Placement European governments are spending trillions to protect their economies against the coronavirus pandemic, but their debt burden is sustainable, according to European Central Bank chief economist Philip Lane.  “Yes, there will be more public debt at the end of this, but in fact that is the correct response to this type of […]

Summary List Placement The Federal Reserve will adjust a key element of its monetary-easing strategy next month to better bolster the economy through its latest virus wave, JPMorgan said Monday. The central bank has kept its policy stance intact for months after taking unprecedented steps to support the US recovery earlier in the year. The […]

Summary List Placement From 2010 to 2018, more than 1.5 million people moved from New York to four other states, according to a UBS report on the residential housing market. The trend of interstate migration from expensive, populous markets to more affordable ones has been gathering for years, Realtor.com’s senior economist, George Ratiu, told Business […]

Summary List Placement Factory activity in China grew by more than expected in October, while a separate release on Monday showed retail sales grew by the most in ten months, highlighting how the world’s second biggest economy is gradually recovering from the COVID-19 pandemic. Industrial production rose by 6.9% year-on-year in October, beating market expectations […]

Summary List Placement President Donald Trump called on Congress to pass a coronavirus relief bill on Saturday in his first stimulus remarks since losing the election to Joe Biden. “Congress must now do a Covid Relief Bill,” he wrote on Twitter. “Needs Democrats support. Make it big and focused. Get it done!” Congress must now […]

Summary List Placement The coronavirus pandemic ushered in record-low mortgage interest rates that sparked a buying frenzy and sent the US barreling toward a housing shortage. And while it could seem like everyone is buying a house in 2020, real estate purchases have proven to be more difficult for one demographic in particular: Black Americans. […]

Summary List Placement Raising the minimum wage has been a big topic of debate at the city, state, and federal level over the years, with activists and politicians setting a $15 hourly wage as a target benchmark. The value of $15, however, varies depending on an area’s cost of living.  Florida voters went to the […]

Summary List Placement The United States is experiencing a huge surge of coronavirus cases unlike any other in its nine-month battle against the pandemic. With the virus tearing through every state, the nation has shattered infection records the last four days. More than 165,000 new cases were reported on Friday. The staggering caseloads are prompting […]

Summary List Placement Historic homes are often considered treasures. But figuring out where they’re located can be a difficult task for homebuyers. New Yorker Elizabeth Finkelstein runs an Instagram account tracking “cheap old houses” for sale for 1.4 million followers. Here’s another useful tool: A study by the home-buyer website, Sundae, calculated the US cities […]

Summary List Placement Congress’ critical support for unemployed Americans expired just as US coronavirus cases surged in a second wave. The $2.2 trillion CARES Act was widely praised as buoying small businesses, households, and struggling sectors through the first months of the pandemic. The package also included critical aid for jobless Americans in direct relief […]

Summary List Placement Americans are turning pessimistic about the economy for the first time in months as coronavirus cases repeatedly hit new records. The University of Michigan’s index of consumer sentiment fell to 77 in a preliminary November reading from 81.8, marking its first decline in four months. Economists surveyed by Bloomberg expected the gauge […]

Summary List Placement The prospects for another coronavirus relief package before the end of the year diminished rapidly on Thursday, as Republicans and Democrats signaled they did not intend to budge from their long-held positions on spending levels. Both the Democratic leaders Nancy Pelosi and Chuck Schumer said they are still calling for a $2.4 […]

Summary List Placement The COVID-19 crisis has produced a highly unusual recession and recovery is likely to be uneven, according to European Central Bank president, Christine Lagarde, who on Wednesday warned against excessive optimism over the short-term impact to the economy from a vaccine.  “While the latest news on a vaccine looks encouraging, we could […]

Mastercard today announced the expansion of its City Possible™ network and capabilities, whose unique solutions now reach over 500 communities in over 50 countries worldwide. The partnership framework focuses on building more inclusive and sustainable cities by increasing access to city services, expanding urban mobility solutions, and informing an inclusive recovery through data driven insights. […]

If America is going to embrace its Muslim community, it needs to go beyond categories, beyond groups  — beyond stereotypes. The first blow came as a surprise, though it shouldn’t have. It was the height of the Tehran hostage crisis, where 52 Americans were held hostage for 444 days between 1979 and 1981. I never […]

The annual pace of housing starts slowed in January. read more >>> Source : CTVNews.Ca

By Tomas Miller and Verónica Trujillo Tomas Miller joined the Multilateral Investment Fund in 2000 and heads its Access to Finance Unit, overseeing a loan and equity portfolio related to microfinance, venture capital, early-stage equity, small business financing, and financial services for low-income people. How are financial inclusion and productivity linked? And why are these […]

Consultancy Wood Mackenzie says Canadian oil producers are among the very few globally who have reduced output in the face of low oil prices. read more >>> Source : CTVNews.Ca

As markets reporters, our most important responsibility is to provide readers with some helpful context for what’s going on. This is particularly important during periods of heightened volatility like what we’ve been experiencing for the past few months. For this post, we’re going to skip the laundry list of reasons why stocks might be getting […]

LONDON, Feb 5 (Reuters) – Global markets have been in turmoil since the start of the year, with stocks and commodities prices reeling, eroding inflation and making central banks increasingly dovish… read more >>> Source : Reuters

Canada is signalling its willingness to re-engage with Iran by lifting the broad ban on financial services, imports and exports, Foreign Affairs Minister Stéphane Dion announces. read more >>> Source : CBC.Ca

OTTAWA, Feb 5 (Reuters) – The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian companies more competitive against rivals doing business in Iran. read more >>> Source : Reuters

Romanian car manufacturer Dacia, which does not do business in the United States, has reimagined the owner’s manual by commissioning a group of artists to recreate the rather technical booklet as a work of art, prose, and poetry. Yes, poetry. About such topics as seat belt usage and tire changes. The illustrations are pretty cool […]

A devaluation of Saudi Arabia’s currency could cause such political instability that Riyadh has little choice but to stick to its promise to use vast foreign exchange reserves to defend the riyal’s 30-year-old peg to the U.S. dollar. Currency traders have been betting against the Saudi peg, and those of other regional oil producers, in […]

* Leniency gives hope to other nations (Adds quotes, details) read more >>> Source : Reuters

SHARES in the world’s biggest technology companies plunged in today’s trading, pointing towards what could be the start of another bursting bubble. read more >>> Source : The Daily Express

A few weeks ago I bought several pairs of socks. I needed socks. I’ve needed socks for quite some time. And so I thought I would capitalize on a a great sale. High quality, fun coloured socks for a mere $3.23. Cha. Ching. Except that’s not how the story ended. Those socks ended up costing […]

Public tenders can be great business opportunities for small and medium enterprises (SMEs), and getting to know how they work is not that… read more >>> Source : EuroNews.Com

Egg Farmers of Canada says its members will no longer install any new cages and will begin an industry-wide transition to cage-free production facilities for its egg-producing hens. But the shift will take 20 years to complete. read more >>> Source : CBC.Ca

London Underground maintenance workers are planning a series of strikes in a dispute over safety. read more >>> Source : CTVNews.Ca

Anheuser-Busch unveils Super Bowl 50 Budweiser ad with get-pumped macho imagery and the iconic Clydesdales. read more >>> Source : CNN Money

Janet Yellen and Glenn Stevens speeches, US Crude Oil Inventories, Unemployment Claims, Retail Sales and Consumer Sentiment. These are the main market movers for this week. Here is an outlook on the main events on forex calendar. Last week yet another disappointment with a lower than expected monthly jobs report, showing a 151,000 gain, compared […]