NEW YORK: Iconic world sites from the New York Stock Exchange to the Church of the Nativity reopened their doors on Tuesday from the coronavirus pandemic, but new alarm bells rang in Latin America over a spike of infections. In a symbolic return of a high altar of capitalism, the New York Stock Exchange -- which had gone exclusively virtual for two months -- allowed a limited number of traders to return to the trading floor, wearing masks to reduce the risk of infection. The reopening boosted the mood as the benchmark Dow Jones index surged more than 2.2 percent, casting aside grim predictions that the world could be entering a new Great Depression after millions of job losses. Visiting Wall Street, New York Governor Andrew Cuomo called for swift work on long-mulled mega-infrastructure projects such as subway extensions in the hard-hit metropolis. "Let's do something creative, let's do it fast. Let's put Americans back to work," Cuomo told reporters. There were also signs of hope at … [Read more...] about From Wall Street to Bethlehem, iconic sites reopen from virus
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After years of trade war turmoil, US policy makers are now starting to take aim at the financial industry amid growing skepticism over American firms plowing money into a country perceived as a big geopolitical foe. Policy makers and lawmakers are looking at restricting US pension fund investments in Chinese companies and limiting the ability of Chinese companies to raise capital in the US. … [Read more...] about Wall Street has billions to lose in China from rising strain
Despite those headwinds, investors may still gravitate toward companies that are able either to tap the capital markets for funds or draw from their financial reserves, said Randy Frederick, vice president of trading and derivatives with the Schwab Center for Financial Research. … [Read more...] about Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens
Allow us to introduce The Wall Street Survival & Stock Trading Guide Bundle. This deal comes with 8 courses covering everything you need to start analyzing the stock market, monitoring trends and making big money investments that'll bring you sweet returns. … [Read more...] about Become the Wolf of Wall Street, Own the Stock Trading Game!
US stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the US economy than investors had feared. The Dow ended the session slightly lower, but all three indexes rose for the week and registered a second straight month of gains. The S&P 500 added 17.8% for April and May, its biggest two-month percentage gain since 2009. The S&P 500 initially extended losses after Trump said he was directing his administration to begin the process of eliminating special treatment for Hong Kong in response to China's plans to impose new security legislation in the semi-autonomous territory. But Trump made no mention of any action that could undermine the Phase One trade deal that Washington and Beijing struck early this year, a concern that had cast a cloud over the market throughout the week. "He began speaking in a very tough tone," said Chris Zaccarelli, chief investment … [Read more...] about Wall Street ends mostly higher as US-China spat simmers