Wall Street Weekahead: High-flying market to take cues from infrastructure plans, upcoming earnings

© Reuters. A U.S. flag flies outside The Federal Reserve Bank of New York in New York By Lewis Krauskopf NEW YORK (Reuters) – U.S. President Joe Biden’s massive infrastructure proposal and the upcoming corporate earnings season could offer investors fresh insight on the sustainability of a rally that has taken stocks to all-time highs. […]

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Gold Dips Pre-Fed, Awaits Powell’s Take on Economy

© Reuters. By Barani Krishnan Investing.com – As the dollar finally ratcheted higher amid a meltdown in stocks, safe-haven gold joined risk assets, including bitcoin, on the way down Wednesday as dabblers in the yellow metal awaited the Federal Reserve’s latest take on the economy. Pursuant to its first monthly policy meeting for 2021, the […]

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Outlook darkens for Wall Street as Biden’s regulators take shape

3/3 © Reuters. FILE PHOTO: Commodity Futures Trading Commission Chair Gensler testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill 2/3 By Michelle Price WASHINGTON (Reuters) – Wall Street may be facing an uncomfortable four years after President-elect Joe Biden’s team confirmed on Monday it planned to nominate two consumer […]

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Ford to close Brazil manufacturing operations, take $4.1 billion in charges

2/2 © Reuters. FILE PHOTO: Ford Motor Co’s logo pictured in 2019 2/2 By Ben Klayman and Alberto Alerigi DETROIT/SAO PAULO (Reuters) – Ford Motor (NYSE:) Co said on Monday it will close its three plants in Brazil this year and take pretax charges of about $ 4.1 billion as the COVID-19 pandemic amplified the […]

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Dollar Remains Weak; Democrats Take Hold of the Senate

© Reuters. By Peter Nurse Investing.com – The dollar remained trading near its weakest level in nearly three years Thursday as the projected Democrat victories in the U.S. Senate runoffs in Georgia pointed to two years of loose fiscal and monetary policy.. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback […]

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How Cuba’s monetary reform will take place and impact the economy

© Reuters. FILE PHOTO: A farmer holds a wad of Cuban money at a vegetable stall at a market in central Cuba By Marc Frank HAVANA (Reuters) – The Cuban government announced on Thursday it would start a long-awaited monetary reform in January, unifying its dual currency and multiple exchange rate system in a bid […]

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India’s economy is seeing a ‘strong recovery’ take root, finance minister says

© Reuters. Outbreak of the coronavirus disease (COVID-19) in Mumbai By Aftab Ahmed NEW DELHI (Reuters) – India’s economy is seeing a strong recovery taking root, Finance Minister Nirmala Sitharaman said on Thursday while announcing a third round of fiscal stimulus to help stressed sectors battling the COVID-19 pandemic. Latest measures included additional funding for […]

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