Bitcoin overtakes 'long tech' as most crowded trade
January 19, 2021
LONDON (Reuters) – A long position on bitcoin overtook “long tech” as the trade fund managers said was the most crowded in January, Bank of America’s monthly fund manager survey showed on Tuesday.
January 15, 2021
Biden's $1.9 trillion rescue package offers bridge for hard-hit economy
(Reuters) - US President-elect Joe Biden’s proposal to pour $1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed to avoid long-term damage from a record-breaking pandemic recession.
January 13, 2021
Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track
WASHINGTON (Reuters) - One U.S. Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’s “endgame” is here. A third predicts 2021 will prove “impressive.”
January 11, 2021
Oil prices fall on renewed coronavirus concerns as China cases mount
SINGAPORE (Reuters) – Oil prices fell on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns in Europe and new curbs on movement in China, the world’s second-largest oil user, where infections jumped.
January 9, 2021
China to counter 'unjustified' foreign trade and business laws
SHANGHAI (Reuters) – China’s Ministry of Commerce on Saturday published new rules for countering “unjustified” laws and restrictions imposed by foreign countries on Chinese companies and citizens, as economic relations between Beijing and Washington deteriorate.
January 8, 2021
US taxpayers to pay Capitol siege tab as government shuns insurance
(Reuters) - US taxpayers will be on the hook for damage from a mob attack on the U.S. Capitol in Washington on Wednesday because the building and grounds are not insured, industry sources said.
January 7, 2021
Democrat Senate win drives stocks higher, bonds lower
SINGAPORE (Reuters) - Bonds nursed losses and stock markets rose on Thursday in anticipation of a big borrowing and big spending Democrat administration driving growth, following runoff elections that gave the party control of both houses of US Congress.