US STOCKS-Dow wraps up strongest three days since 1931

Volume on U.S. exchanges was 15.0 billion shares, compared with the 16.2 billion-share average for the full session over the last 20 trading days. (Reporting by Noel Randewich, additional reporting by Uday Sampath and Medha Singh in Bengaluru, and Ross Kerber in New York; Editing by Bernadette Baum, Richard Chang and Dan Grebler)

Dow wraps up strongest three days since 1931

Juliette rings a “closing bell” as NYSE-AMEX floor traders work in an off-site trading office they built when the New York Stock Exchange (NYSE) closed, due to the outbreak of the coronavirus disease (COVID-19), in the Brooklyn borough of New York City, U.S., March 26, 2020. REUTERS/Brendan McDermid

Mini-bull, tired bear, or something in-between

The Dow Jones Industrial Average’s surge of over 20% from its coronavirus-induced recent low this week, by one definition used on Wall Street, suggests a new bull market. The surge came on hopes a $2 trillion stimulus measure would flood the country with cash in a bid to counter the economic impact of the intensifying […]

REFILE-US STOCKS-Wall Street falls as U.S. virus cases pass 85,000

U.S. stock indexes trimmed deeper losses after the House of Representatives approved a $2.2 trillion aid package – the largest in American history – to help people and companies cope with an economic downturn caused by the coronavirus outbreak and provide hospitals with urgently needed medical supplies.

US STOCKS-Wall Street tumbles as U.S. virus cases pass 85,000

U.S. stocks deepened their losses late in the session, even after the House of Representatives approved a $2.2 trillion aid package – the largest in American history – to help people and companies cope with an economic downturn caused by the coronavirus outbreak and provide hospitals with urgently needed medical supplies.

Putin says Russia can beat virus in two-three months as flights halted, shops to shut

Addressing a businessman who said it might take 2-3 months for normal conditions to return, Putin added: “But when we finally get out of this situation, and we definitely will get out of it… I hope that will be even sooner than what you said.”

China’s rural poor left stranded as urbanites race ahead

There is no better illustration of the growing gulf between cities and the countryside as China transforms itself from a rural to an urban nation. Between 1990 and 2009, China slashed its numbers of rural poor from 85 million to 35.97 million, thanks in large part to the wages sent home by migrant workers. The […]

Complacency to chaos: how Covid-19 sent the world’s markets into freefall

Against a backdrop of urgent attempts by governments and central banks to limit the damage as nations stamp down on economic activity to stop the virus spreading, investor panic sent Wall Street into its fastest bear-market plunge in history. The Dow Jones industrial average of 30 leading US company shares fell by more than 20% […]

US dollar to keep currency crown this year, but not next: Reuters poll

BENGALURU: The US dollar, which has had its best yearly performance since 2015 so far in 2018, will hold on to those gains for the rest of the year but beyond that is unlikely to maintain its ascendancy, a Reuters poll showed. A majority of foreign exchange strategists in Reuters polls since the dollar’s resurgence […]

Verizon to Launch Streaming Entertainment Series, Sets Dave Matthews Performance

At-home concerts and performances have become the major go-to with top name acts like John Legend, Chris Martin, Pink, Niall Horan and Keith Urban recently belting out performances from the comfort of their respective personal spaces. Matthews and his Dave Matthews Band have also been affected, forced to cancel tour dates in Australia and a […]