Dollar Edges Lower; Pound Also Weak on Brexit Worries

11.12.2020, 03:03

The dollar weakened in early European trade Friday, with optimism of a recovery from the Covid-19 pandemic weighing on this safe haven, while the pound weakened on growing Brexit uncertainty.

New York State Pension Fund to review energy sector investments

09.12.2020, 15:44

The New York State Pension Fund will review its energy sector investments, including potential divestments, as it targets net zero carbon emissions by 2040, the New York State Comptroller Thomas DiNapoli said on Wednesday.

U.S. House to take up one-week stopgap bill as COVID-19 talks drag on

09.12.2020, 14:43

The U.S. House of Representatives votes on Wednesday on a one-week stopgap funding bill to provide more time for lawmakers to reach a deal on both COVID-19 relief and an overarching spending bill to avoid a government shutdown.

Wall Street Opens Mostly Higher, Awaiting Stimulus Breakthrough; Dow up 120 Pts

09.12.2020, 13:41

U.S. stock markets opened mostly higher on Wednesday but were essentially range-bound as haggling over a Coronavirus relief bill continued with no visible end in sight.

S&P 500 hits record high on vaccine, stimulus bets

09.12.2020, 12:40

The S&P 500 hit a record high moments after the open on Wednesday, as hopes for a vaccine-linked economic recovery and more domestic fiscal stimulus sparked demand for economically sensitive stocks such as banks and industrials.