America



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ASX to slide, Dow drops toward close

May 7, 2020 – 5.30amAustralian shares are poised to open lower. Wall Street fluctuated through the session before the Dow and S&P 500 were hit by a late selling wave. The local currency slid below US64¢.ASX futures were down down 57 points or 1.1% to 5339 near 6.15am AEST. The currency slid 0.5%.Wall Street struggled…



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America to borrow $US3 trillion as virus explodes Trump’s budget

May 5, 2020 – 5.57amWashington | Here comes Washington’s debt tsunami.US government says it plans to borrow a record $US2.999 trillion ($4.66 trillion) in the three months through June, topping that off with an additional $US677 billion in the subsequent quarter.Treasury Secretary Steven Mnuchin is tapping US and global debt markets like never before.The June…


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Dow Futures Plunge as Warren Buffett, Corporate Earnings Spook Markets

Dow Jones futures declined by as much as 362 points Sunday night. Berkshire Hathaway’s annual shareholder meeting has cast a dark shadow over the equities market. Meanwhile, U.S. corporate earnings are heading for their biggest decline since the financial crisis. Futures on the Dow and broader U.S. stock market declined sharply Sunday evening, setting the stage…


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ASX set to slip on renewed US-China tensions

May 4, 2020 – 5.37amAustralian shares are set to open lower as the Trump administration looks for ways to punish China – perhaps with tariffs – for the COVID-19 pandemic as the number of Americans killed by the virus nears 70,000.ASX futures are pointing to a slightly lower open; they are down 7 points or…