The numbers: Consumer confidence bounced back a bit in January as Americans looked past the high number of coronavirus cases and deaths toward greater availability of vaccines and an improving economy. The index of consumer confidence rose to 89.3 this month from a revised 87.1 in December, the Conference Board said …
Read More »Asia Markets: Shares rise in Asia on hopes for U.S. stimulus as Trump leaves hospital
A general view of the Tokyo Stock Market(TSE) is pictured on October 01, 2020 in Tokyo, Japan. Yuichi Yamazaki/Getty Images Shares advanced in on Tuesday Asia after hopes for economic aid from Washington helped Wall Street recover its losses from the initial shock of learning President Donald Trump had tested …
Read More »Here’s how PayPal hopes to turn Venmo into the next PayPal
PayPal Holdings Inc. has built itself into a financial juggernaut during the COVID-19 pandemic, and it’s now worth more than Walt Disney Co., Netflix Inc. and every U.S. bank except JPMorgan Chase & Co. If PayPal PYPL, +1.84% can get bigger, it will likely depend on its own Venmo brand …
Read More »Metals Stocks: Gold retreats as stocks rally on vaccine hopes, but weakness in U.S. dollar limits loss
Gold prices headed lower on Wednesday as global stocks rallied on optimism about the progress in finding a vaccine for the coronavirus. Better-than-expected quarterly results from U.S. corporations are also helping to diminish the traditional haven appeal for bullion, but a decline in the U.S. dollar limited declines in precious …
Read More »Key Words: Fauci says some states should pause reopening, but hopes to avoid another shutdown
Dr. Anthony Fauci said Thursday that the U.S. is not doing great at containing the spread of COVID-19, but stopped short of saying parts of the country might need to shut down again. “ “I don’t think you can say we’re doing great. I mean, we’re just not.” ” — …
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