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NEW YORK, Sept. 23 (Xinhua) -- U.S. stocks saw the return of heavy sell-off on Wednesday amid weakening of macroeconomic indicators and overshadowed recovery outlook.
WASHINGTON, Sept. 23 (Xinhua) -- While the U.S. economy has picked up in recent months, the panel of elite economists at the National Bureau of Economic Research (NBER) isn't ready to declare that the COVID-19 induced recession is over, local media reported on Wednesday.
HONG KONG (AFP): Asian investors struggled to match their Wall Street counterparts Wednesday (Sept 23), with markets drifting as spiking infection rates, new containment measures and still no US stimulus fuel concerns about economic recover
WASHINGTON, Sept. 22 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell said Tuesday fiscal stimulus has helped support the economic recovery from the COVID-19 induced recession, noting that the recovery will go faster if there is further fiscal stimulus.
WASHINGTON, Sept. 22 (Xinhua) -- U.S. Treasury Secretary Steven Mnuchin said Tuesday the administration continues to try to work with Congress and is ready to reach a bipartisan COVID-19 relief agreement, noting that a "targeted" package is still needed.
NEW YORK, Sept. 22 (Xinhua) -- U.S. stocks opened slightly higher on Tuesday as Wall Street was attempting to rebound from previous session's market sell-off.
BENGALURU: Gold prices slipped on Tuesday following a sharp drop the previous day, as the dollar hit multi-week highs ahead of U.S. Federal Reserve Chair Jerome Powell's appearance at a congressional committee.
WASHINGTON, Sept. 21 (Xinhua) -- While the U.S. economy has picked up from its depressed level in the second quarter, the path ahead continues to be "highly uncertain" and depend on the pandemic, Federal Reserve Chairman Jerome Powell said Monday.
NEW YORK: Stocks across the world hit their lowest in seven weeks and other risk assets also sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed.
HONG KONG, Sept 21 (AFP): Most Asian markets fell Monday following another disappointing performance on Wall Street with investors growing concerned about an uptick in infections in Europe and the US, as well as the lack of movement in Washington on a new stimulus.