US heads for fiscal cliff as stimulus fades

US heads for fiscal cliff as stimulus fades

Peter Griesar, the founder of Brazos Tacos in downtown Charlottesville, Virginia, was so disturbed this week that the US might rein in its fiscal stimulus as the pandemic continued to rage that he fired off a tweet from his restaurant’s account. The $600 per week emergency jobless benefits helping millions of Americans — and some 10 to 15 of his former employees — to stay financially solvent were not a “disincentive to work”, he wrote. The payments, which are due to expire this month if Congress does not act, were needed because of “demand suppressed” by coronavirus. “We don’t see... Read More
Coronavirus latest: Chancellor Rishi Sunak to set out stimulus plans in summer statement

Coronavirus latest: Chancellor Rishi Sunak to set out stimulus plans in summer statement

Mumbai to relax testing restrictions, raising hopes country will follow Amy Kazmin in New Delhi India’s financial capital, Mumbai, will allow walk-in coronavirus testing without a doctor’s prescription — setting a precedent for a needed loosening of what has been a highly restrictive coronavirus testing policy. India, which has the world’s third-highest known coronavirus burdens, with 742,000 confirmed cases, also has one of the world’s lowest rates of testing. Since the pandemic began, tight controls on testing have made it tough for ailing patients to obtain tests, even with doctors’ prescriptions. India has carried out just 7,398 tests per million... Read More
Coronavirus newest: Hundreds of jobs to go at UK high-street stalwarts Boots and John Lewis

Coronavirus newest: Hundreds of jobs to go at UK high-street stalwarts Boots and John Lewis

Information you might need missed US shares bounced again on Wednesday as shares in know-how teams powered the Nasdaq Composite to a brand new closing excessive because it jumped 1.4 per cent to its fourth file shut in 5 classes. The S&P 500 gained 0.8 per cent, a day after snapping its longest profitable streak of 2020. The tech sector rallied 1.6 per cent, whereas shopper discretionary and monetary shares additionally posted good points. The Dow Jones Industrial Common rose 0.7 per cent. California reported practically 11,700 new circumstances of coronavirus over the previous day, a file single-day improve for... Read More
The psychology of stock trading: Overcoming emotions to make smart decisions

The psychology of stock trading: Overcoming emotions to make smart decisions

Are you feeling overwhelmed by your recent foray into the stock market? Are you fed up with being swayed by emotions and watching your portfolio take a hit despite taking pre-planned decisions? If so, it’s time to understand the psychology behind stock trading and adopt strategies to help make smart, informed decisions. In this article, we’ll offer insight into how emotional investing can put your investments at risk and provide tips on overcoming these irrational impulses to trade responsibly. Ready to explore the depths of psychological investment strategies? Let’s begin. Understand your psychology and how it affects stock market decisions… Read More
Life under Sisi: Egyptian crackdown intensifies as Cairo battles Covid

Life under Sisi: Egyptian crackdown intensifies as Cairo battles Covid

The Seif family thought they had endured the worst that successive Egyptian regimes could throw at them. During years of activism by father, mother, daughters and son, all had been arrested advocating for human rights and greater freedoms. But even they were shocked last month when three of the family were attacked and one daughter was jailed in a 24 hour period — part of the latest chapter in a wave of crackdowns by president Abdel Fattah el-Sisi that has become more brazen and wider in scope this year, according to human rights groups. “We honestly thought we had gone... Read More
Coronavirus latest: Industrial revival in France and Italy brings economic cheer to eurozone

Coronavirus latest: Industrial revival in France and Italy brings economic cheer to eurozone

Australia faces little cross-border risk, says top medic One of Australia’s top doctors said on Thursday there was little chance of the Victoria coronavirus outbreak crossing the border into New South Wales in large numbers, despite the issuance of 125,000 interstate travel permits in recent days. “With those [new infection] numbers being low and our ability to test, trace and isolate, that is exactly what will stop … spreading within the community,” said Nick Coatsworth, one of the country’s deputy chief medical officers. The focus is on Albury-Wodonga, sprawling border towns on the Murray River, which separates Victoria from NSW,... Read More
Has Lululemon reached its peak?

Has Lululemon reached its peak?

Lululemon joined the ranks of the world’s most valuable retail brands on the back of Americans willing to splurge $120 on leggings. Now the purveyor of yogawear is itself splashing out, with a $500m cash deal for Mirror, an exercise equipment start-up. The clothing company has long been pushing into different products, including menswear, and into territories outside its North American heartlands. But the move into workout hardware is among the clearest signs yet that its managers are turning to business lines to maintain Lululemon’s status as a Wall Street darling. Calvin McDonald, Lululemon’s chief executive, said a boom in... Read More
Stock rally stalls as focus turns to fresh Covid-19 outbreaks

Stock rally stalls as focus turns to fresh Covid-19 outbreaks

The sharp rally in global stocks stalled on Tuesday, as traders weighed signs of economic recovery with new flare-ups in coronavirus cases in several parts of the world. European markets slipped in morning trading, with the continent-wide Stoxx 600 index falling 1.1 per cent from around one-month highs. London’s FTSE 100 was down 1.3 per cent while futures trade tipped Wall Street’s S&P 500 to open 0.9 per cent lower. Hopes for a rapid recovery in Europe were dented after the European Commission slashed its growth forecasts for the region’s economy this year after noting that the lifting of lockdown... Read More
Republicans warn of ‘grim’ outlook for Trump in Florida

Republicans warn of ‘grim’ outlook for Trump in Florida

Republicans are warning the outlook is “grim” for Donald Trump in Florida, a closely watched battleground state that is seen as pivotal for the US president’s re-election prospects in November. With four months to go until election day, Mr Trump’s poll numbers have dropped sharply across the country, with many Americans disapproving of his handling of both the coronavirus pandemic and widespread civil unrest following the killing of George Floyd. Most national polls show the president trailing Joe Biden, the presumptive Democratic nominee, by double digits. In Florida, the margins are closer. According to the Real Clear Politics average, Mr... Read More
The advantages of wealthcare in the Netherlands

The advantages of wealthcare in the Netherlands

The Netherlands is an ideal place for investment wealthcare due to its unique combination of tax advantages, low fees, and an efficient legal system. With a long history of financial innovation and world-class infrastructure, the country is well-suited to those interested in investing their wealth. This article will discuss the advantages that make the Netherlands an excellent choice for investment wealthcare.Keep reading below to gain a better understanding of the benefits of institutional investing. Attractive tax benefits The Netherlands’s excellent corporate tax system makes it attractive to businesses looking to save or defer taxes on income earned abroad. It … Read More