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    gold worth immediately: Joe Biden’s stimulus package deal to maintain supporting gold worth

    With US charge hikes wanting doomed for now, the Federal Reserve is printing more cash than ever to stimulate restoration from Covid-19. On prime of that, President Joe Biden has a brand new $1.9 trillion coronavirus aid plan searching for Congressional approval, after the $4 trillion issued final yr by the Trump administration. Though the stimulus measures and different uncertainties are preserving market individuals on the sting, we count on that will preserve supporting valuable metallic costs. The invoice remains to be underneath negotiation and just like the earlier invoice this one has additionally seen few delays making the market individuals anxious. President Biden has already introduced few stimulus packages…

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    India shuns US bonds amid rising yields

    Mumbai: India bought a report $10 billion price US treasuries (USTs)taking income off the desk amid rising yields. This might enhance the RBI’s revenues and earnings as properly this fiscal 12 months benefiting the federal government from surplus switch. India’s publicity to USTs stands at $210 billion as of finish December, down from $220 billion in finish November, in response to information from the US treasury division. “RBI promoting UST in December could also be a mirrored image of foreign money diversification, in gentle of rising yields, notably in US,” stated Rahul Bajoria, chief economist at Barclays India. “This may occasionally additionally level to their views on fiscal spending.” Notably…

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    Stock futures rise as S&P 500 tries to build on last week’s gains and reach all-time high

      Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures rose on Sunday night after Wall Street logged in its third consecutive weekly gain, but fell short of breaking the all-time high set on Feb. 19. Dow Jones Industrial Average futures were up by 56 points, or 0.2{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3}. S&P 500 and Nasdaq 100 futures also traded higher by 0.2{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} each. The S&P 500 climbed 0.6{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} last week and the Nasdaq Composite advanced 0.1{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3}. The Dow gained 1.8{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} last week. Despite those gains, the S&P 500…

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    Inside Trump’s war on the postal service

    President Donald Trump admitted Thursday morning that he was intentionally blocking federal funding to the U.S. Postal Service to discourage the use of mail-in ballots in November’s elections. “Now, they need that money in order to make the post office work, so it can take all of these millions and millions of ballots,” Trump said in an interview with Fox Business Network’s Maria Bartiromo. “Now, if we don’t make a deal, that means they don’t get the money,” he added. “That means they can’t have universal mail-in voting, they just can’t have it.” The next round of stimulus funding for businesses, local governments and individuals impacted by the virus is…

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    American Airlines could cut some flights required under federal aid terms as expiration nears

    American Airlines passenger planes crowd a runway where they are parked due to flight reductions to slow the spread of coronavirus disease (COVID-19), at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. Nick Oxford | Reuters American Airlines is preparing to scrap flights serving two-dozen medium and small cities as the expiration of federal coronavirus aid that placed restrictions on carriers from cutting service approaches, according to an executive at the carrier. Airlines are required to maintain minimum levels of service through Sept. 30 under a $25 billion federal aid package that also prohibited layoffs through the end of the third quarter. American was granted $5.8 billion in support…

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    Masayoshi Son’s SoftBank bets on public tech equities

    Japanese telecom giant SoftBank has been known for its outsized bets in venture capital. Now it’s diversifying. On Tuesday, SoftBank said that it is establishing an asset management subsidiary with $555 million to invest in about “30 highly liquid publicly listed stocks,” though Bloomberg reports that the subsidiary is targeting more than $10 billion and may rise beyond that. In particular, SoftBank CEO Masayoshi Son says the subsidiary has already invested in the likes of Apple, Amazon, Netflix, and Facebook.  It’s a notable roster. It’s all about tech—an area SoftBank’s Vision Fund has been heavily focused on—and the investments are much safer bets compared to its Vision Fund companies. They…

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