Post Tagged with: "stimulus package"

Source: Fox Business

Wall Street backtracks on ‘gridlock is good’ stance with post-election stimulus at risk

Fox Business

Investors are having second thoughts about which election outcome may be best for the financial markets, according to JPMorgan.

Wall Street, which typically likes gridlock in Congress since it thwarts major regulatory changes, now fears a Democratic …

October 20, 2020 - 2:00 pm Closing Bell Story‎, Finance
Source: Reuters

Oil prices rise on stimulus package, fuel demand sinks


NEW YORK  – U.S. crude prices rose slightly on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, but government data shows the coronavirus pandemic started to hurt U.S. fuel demand last week.

Demand for oil …

Source: Houston Chronicle

Oil rebounds from worst loss since 1991 amid stimulus hopes

Houston Chronicle

Oil rebounded from its worst loss since 1991 on speculation that potential U.S. tax cuts may shield the market against the coronavirus and a price feud between major producers.

Futures climbed 10% in New York, advancing in tandem …

Source: CNBC

Abu Dhabi makes pitch to private sector in multi-billion dollar investment drive


The Abu Dhabi Government is turning to the private sector for the next phase of its multi-year, 50 billion dirham ($13.6 billion) economic stimulus plan known as Ghadan 21.

The stimulus package is aimed at future-proofing and diversifying the …

February 19, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Finance, International
Brazil Stimulus Package to Include 42 Billion Reais from Workers Fund

Brazil Stimulus Package to Include 42 Billion Reais from Workers Fund

From Reuters

Brazil’s government will free up a total of 42 billion reais ($11.1 billion) from a workers’ guarantee fund over the next two years, Economy Minister Paulo Guedes said on Tuesday, in an effort to boost flagging economic growth.…