With the release of their foundation’s latest annual Goalkeepers Report, Bill and Melinda Gates are doing a lot of interviews and pushing one primary message: The U.S. is failing in its coronavirus response, and that represents a failure for the globe. That’s something we’ve heard from Bill Gates repeatedly since the… Read more...
From China allowing Indians to return to another Uttar Pradesh minister reportedly testing positive - here are the top news updates on the Covid-19 pandemic. Around 150 Indians including diplomats' kin, bank staff, etc will return to China on August 6. Beijing hadn't allowed Indians into China on a June 29 flight following which hectic talks took place. China will allow those who get tested within five days of journey and get health form endorsed. Bill Gates said that the US must have global approach on vaccine and not just 'take care of ourselves'. Meanwhile, China, which claims Taiwan as a part of its territory, has said that US must end Taiwan ties to avoid damage to Washington-Beijing ties. As per Reuters calculations, one person is dying every 15 seconds due to Covid. As per the past two weeks' data, nearly 5,900 Covid-related deaths happening every 24 hours. In UP, minister Brajesh Pathak has reportedly found infected on August 5, while another state minister Kamal Rani Varun had recently died due to Covid infection.
Credit: HT Digital Content Duration: 02:44Published
On Tuesday, Wells Fargo said stock markets should prepare for volatility to balloon after Election Day. Wells Fargo head of rates strategy Michael Schumacher told CNBC's Trading Nation that options are showing greater volatility. "The big takeaway is three month options vol is still quite high, and it has not really come down." According to Business Insider Schumacher thinks investors will flock to US Treasuries due to greater volatility. The US-10 year yield may fall to 0.40% from around 0.68%.
In 1996, US Federal Reserve chairman Alan Greenspan famously warned of an 'irrational exuberance' in financial markets. Now, Business Insider reports Greenspan has spoken about his sense of economic foreboding once more. Greenspan told CNBC on Thursday that inflation, the coronavirus, and budget deficits are the critical issues the US is facing right now.
According to a Piper Sandler senior technical research analyst the S&P 500 will continue to gain following its record high on Tuesday. The S&P 500 was up 0.2% to 3,396.5 in Wednesday morning trading. It has gained 4.92% year-to-date through Tuesday's close. The analyst, Craig Johnson told CNBC that charts of lumber, oil, and industrial metals show that the economy is improving.
A prominent Wall Street strategist told CNBC the stock market may see a "wartime boom" next year following the US economy's "depression-like collapse." Jim Paulsen is one of a hand full of economists who have predicted US GDP could rebound strongly in the first quarter next year. Paulson said companies have cut down on costs and increase efficiencies to survive the collapse. "A lot of that boom will fall to the bottom line in a bigger way than people currently expect," Paulsen said.
CNBC reports that gold prices could reach $4,000, the CEO of US Global Investors told CNBC Monday. Frank Holmes said: "It's quite easy to see gold going to $4,000." CEO of US Global Investors. Holmes believes rising monetary stimulus is the main reason gold prices can soar to that level. Business Insider reports that Gold broke $2,000 the first time last week, on expectations of a US stimulus bill.
Philanthropist and Microsoft cofounder Bill Gates offers insights into the COVID-19 pandemic, discussing why testing and self-isolation are essential, which medical advancements show promise and what..