Russia, which has now reached the unhappy milestone of 900,000 infections, approved the vaccine on Tuesday. It has been tested on humans for less than two months, but President Vladimir Putin vouched for its safety, saying he hoped his country would begin soon with mass vaccinations. … [Read more...] about Germany worries as coronavirus infection rate hits 3-month high
Stocks hitting 52 week high
Among rising stocks, the financial service provider TCH did not earn impressive growth but the stock has still maintained its slight gain with active trading since it was added to the basket. Closing, TCH improved 0.2% to VND20,550 with matching volume of nearly 2.6 million shares. … [Read more...] about Bluechips shine bright, propping up stock market
The market’s muddled open came after the Labor Department reported a seasonally adjusted total of 963,000 new claims for jobless benefits in the week ending August 8, the first week with fewer than 1 million claims since March 8-14. Even so, more than 28 million Americans remain on some form of unemployment insurance and are receiving far less aid than before after a temporary $600 weekly boost to benefits expired on July 31. … [Read more...] about Stocks open mixed after jobless claims decline, stimulus impasse deepens
Joseph Thomas, Head of Research at Emkay Wealth Management, said the outflow may stabilise over the next few months. "While we may see the current trend continuing in the shorter term, the course may be steadied on the availability of more macro data in the coming months." … [Read more...] about Mutual funds bought 10 stocks and exited 9 in July, do you own any?
The issue of the weekly benefits has been a point of contention between the Republicans and the Democrats in negotiating the coronavirus relief bill, with the latter slamming the executive order as "unworkable". President Trump, in turn, says the Democrat bill is full of stipulations that have nothing to do with the coronavirus. … [Read more...] about US Stock Indices Drop at Opening as Weekly Jobless Claims Fall Below 1 Mln