Monday, 23 March 2020 Fresh support announced by the Federal Reserve failed to lift Wall Street on Monday, after Europe and Asia had both been overwhelmed by the coronavirus pandemic and growing number of national lockdowns that could push the global economy deep into recession.
In March, Bernie Sanders lost his second bid for the Democratic presidential nomination. According to the NY Times the George Floyd protests and their cultural repercussions, may have destroyed Sanders entire case for a socialist America. The paper posits that this summer he may lose his battle for the future of the left, his legacy gone up in smoke. Cultural battles, pro business and pro Wall Street programs have over shadowed Sanders "millionaires and billionaires are evil" narrative.
Tech stocks are the only game in town on Wall Street, according to Kramer Capital Research's Hilary Kramer. She fears the euphoria surrounding tech is resembling the 2000 dot-com bubble. Conway G. Gittens reports.
The US Federal Reserve is expected to remain apolitical and stay out of the business of Congress. Even so, President Donald Trump has repeatedly jeered at Fed Chair Jerome Powell, even going so far as to call him 'an enemy of the state.' Nevertheless, Business Powell stuck his neck out in a Congressional hearing this week, calling for more government intervention in the economy.
Investors on Tuesday paused ahead of a Federal Reserve Meeting that could reveal the Fed's view on recent signs of economic recovery. No major policy announcements are expected when the US central bank's meeting wraps up on Wednesday. However, investors will scrutinize its remarks on the health of the economy, which has been reopening slowly after coronavirus-related closures. According to Reuters, the S&P 1500 airlines index declined 8.5% on Tuesday.
Wall Street bounced higher on Tuesday thanks to the combination of a historic retail sales figure, comments from the Fed chief, a positive study on a possible COVID-19 treatment and hopes for an infrastructure plan. Conway G. Gittens has the details.
A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve Chairman Jerome Powell told Congress on Tuesday. Conway G. Gittens has more of his testimony.
Boris Johnson has accused China of breaching a key treaty with Britain by imposing a heavily criticised national security law on Hong Kong.But what is the background to the legislation, why is the UK concerned, and how has the world responded?
Credit: PA - Press Association STUDIO Duration: 01:37Published
Sugar consumption is linked with larger fat deposits around the heart and in the abdomen, which are risky for health, finds a new study. Excess sugar consumption is a worldwide problem. The six countries with the highest sales of sugary drinks per capita are Chile, Mexico, Argentina, Peru, the US, and Saudi Arabia. The demand for sugar is expected to increase in Asia, Africa, and Russia. This observational study examined both sugar-sweetened beverages (such as soft drinks, fruit drinks, energy drinks) and sugar added to foods and beverages for sweetness (for example when cooking or in processed foods). The researchers analysed the association between long-term sugar consumption and fat stores around the heart and other organs. Researchers found that sugar intake over the 20-year period was related to fat volumes later in life. Higher intakes of both sugar-sweetened beverages and added sugar (/topic/sugar) were related to greater fat stores around organs in a stepwise fashion.
International Champions Cup matches scheduled to take place in Asia this summer have been cancelled due to the coronavirus, say organisers. BBC Sport Also reported by •Independent •Daily Star •Belfast Telegraph