Economist

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Dow, S&P 500 Rise More Than 6% As Volatility in Stocks Continues

The Dow Jones Industrial Average surged more than 11% Tuesday, its biggest one-day gain since 1933, on signs that lawmakers were nearing a deal on a giant stimulus package to ease the economic fallout from the coronavirus pandemic.Major indexes opened sharply higher after Treasury Secretary Steven Mnuchin and Senate Minority Leader Chuck Schumer (D., N.Y.)…



Why this market shock is not like 2008 – CNN

Why this market shock is not like 2008 – CNN

London (CNN Business)A version of this story first appeared in CNN Business‘ Before the Bell newsletter. Not a subscriber? You can sign up right here.Fears that the coronavirus pandemic will tip the world into recession and a price war over oil sent stocks plunging on Monday, temporarily halting trading in the United States amid the…


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Markets extend losses, US bond yields collapse

Mar 7, 2020 — 6.56amShares across Europe and in New York extended losses, and US government bond yields plunged anew as the confirmed number of global coronavirus cases approached 102,000 and as the outbreak accelerated within the US.Benchmark oil suffered its biggest one-day loss in more than 11 years after Russia balked at OPEC’s proposed…


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Markets extend losses, US bond yields collapse

Mar 7, 2020 — 6.56amShares across Europe and in New York extended losses, and US government bond yields plunged anew as the confirmed number of global coronavirus cases topped 100,000 and as the outbreak accelerated within the US.Benchmark oil suffered its biggest one-day loss in more than 11 years after Russia balked at OPEC’s proposed…


The path to zero emissions is expensive – but not impossible

The path to zero emissions is expensive – but not impossible

At the same time, coal and LNG are among Australia’s biggest exports.Undeterred, Griffith says the path to zero emissions could be done through “electrifying” the household. That is, moving away from natural gas and combustion engines, aided by the rapid take-up of solar power, heat pumps, electric vehicles and batteries.It’s all existing technology, but the…


Income tax will continue to rise, despite $300b of cuts

Income tax will continue to rise, despite $300b of cuts

Oct 29, 2019 — 4.11pmIncome tax will continue to increase as a proportion of disposable household income over the next decade – and as a drag on consumption – despite legislated tax cuts worth $302 billion over the same period.An analysis by Macquarie Securities economists shows that without the tax cuts, income tax would jump…


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Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market’s bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool’s gamble. That’s according to economist Mohamed El-Erian, who explained to CNBC’s “The Exchange” that a rate cut in July was likely but 50…



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Peter Schiff Reveals Crypto Holdings, Community Sends Him Bitcoin

 Bitcoin basher Peter Schiff has been quietly holding some of the biggest cryptocurrency. Schiff, who is a gold bug, has been incessantly cranky on crypto and recently characterized bitcoin investors as “dumb.” The shoe is on the other foot now, as it turns out the Shiff, who is the CEO of Euro Pacific Capital, received…