Lines drawn in the sand in Washington D.C. are holding the next stimulus package hostage, but what does this mean for Wall Street? Despite the stalemate on Capitol Hill, the S&P 500 has rallied 9.5% from a recent low on September 23 on the back of strong economic data.Against this backdrop, investors and economists are starting to wonder if the better-than-expected recent economic data suggests that earlier stimulus packages will be enough to support the economy as we move towards a post-COVID world.Oppenheimer’s Chief Investment Strategist John Stoltzfus points
“Headline havoc will continue to drive volatility, but investors are all but certain that whoever wins the election, a new bold fiscal package is on the way,” said Hussein Sayed, chief market strategist at FXTM. A recent Reuters/Ipsos poll showed Americans were steadily losing confidence in President Donald Trump’s handling of the COVID-19 pandemic, with his net approval on the issue hitting a record low. With the Oct. 15 presidential debate officially canceled, Trump plans to travel to key battleground states this week as his doctor declared he was no longer a transmission risk for the novel coronavirus.
Amazon Great Indian Festival Sale top smartphone deals: iPhone 11 under Rs 50,000, OnePlus 8 5G under Rs 40,000 and more
Amazon Great Indian Festival Sale 2020 is almost here. The promotional sales event that kicks off October 17 — October 16 for Amazon Prime members — will see Amazon India offering hefty discounts and attractive deals across product categories, including smartphones. Basically, if you have been holding on to buy a new smartphone, the time is just right to get one.
Not just Amazon India, rival Flipkart is also hosting its Big Billion Days sale starting October 16, so make sure you check that out too to get all the
Shares of FuelCell Energy surged over 10% on Friday after the fuel cell technology leader won a $8 million government project by the U.S. Department of Energy (DoE).FuelCell Energy (FCEL) said that the government project “will be the first multi-stack electrolysis system produced with the Company’s solid oxide technology” and would in turn enable it to commercialize its high efficiency electrolysis technology. It would “support the design and manufacture of a SureSource electrolysis platform capable of producing hydrogen.”On Oct. 8, J.P. Morgan analyst Paul Coster initiated coverage on the stock with a Buy rating and a $3 price target, as …
India’s health budget 4th lowest in world; among worst nations to tackle inequality in pandemic: Report
Even as the government has been regularly reporting an increasing level of Covid-19 recoveries, the country doesn’t seem to have fared well in terms of fighting inequality among its people going into the pandemic. That’s because of low spending on public healthcare, poor access health services and labour rights etc, according to Oxfam – an international confederation of charitable organisations. India, which is ranked 129 out of 158 countries in the Commitment to Reducing Inequality (CRI) Index by Oxfam, spent just 4 per