New York, U.S. | Xinhua | Wall Street’s major averages posted mixed results in the holiday-shortened week as investors weighed the fate of additional U.S. fiscal stimulus and impact of a new coronavirus variant. For the week, the Dow rose 0.1 percent, the S&P 500 lost 0.2 percent and the Nasdaq …
Read More »U.S. equities post weekly gains amid stimulus talks, Fed decision
New York, US | Xinhua | Wall Street’s major averages eked out gains in the week as investors monitored negotiations on additional U.S. fiscal stimulus and pored through the Federal Reserve’s latest statement. For the week ending Friday, the Dow rose 0.4 percent, while the S&P 500 and the Nasdaq climbed …
Read More »U.S. equities post modest weekly gains with Trump’s coronavirus diagnosis
New York, US | XINHUA | Wall Street’s major averages climbed modestly in the week as investors focused on news about U.S. President Donald Trump’s positive test for COVID-19 as well as updates of a fresh round of U.S. fiscal stimulus. For the week ending Friday, the Dow added 1.9 percent, …
Read More »Developing countries need relief from rising debt burden amid COVID-19
New York, US | XINHUA | Developing countries need external support to ease inflated debt burden caused by the COVID-19 pandemic so as to maintain social services and secure global economic recovery, according to experts and relevant institutions. RECOVERY TAKES TIME Economic output picked up swiftly following the easing of …
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