Category: Economic Outlook Forecast

Instantly update economic outlook News from worldwide financial media, and summarize those economic forecasts with summary & link for the one who wanted to catch up economic prediction in timely manner.

Covid-19 vaccines will end pandemic in U.S. by early summer, Federated Hermes’ chief equity ma …

One of Wall Street's biggest bulls sees the stars lining up for the economy.Federated Hermes' Phil Orlando predicts coronavirus vaccine distribution will rev up within weeks and set the stage for a monster market year."Our view is by summer — by Independence Day — we will be free of the coronavirus. We'll reach critical mass, herd immunity in terms of the American population," the firm's chief equity market...

ASX up on Biden’s presidency; Cleanaway boss stepping down

Australian shares have risen in early trade on Thursday as the local market takes a positive lead from the start of a new era in the United States.As of 10:30am, the ASX 200 was up 0.8 per cent to 6,821.The All Ords is also up 0.8 per cent.Market snapshot at 10:30am (AEDT):ASX 200 +0.8pc at 6,821AUD: 77.44 US cents, 56.74 British pence, 63.95 Euro cents, 80.18 Japanese yen,...

United Airlines says it lost $7.1 billion in 2020 on COVID-19 hit

NEW YORK - United Airlines on Wednesday reported it took a hefty loss in 2020 following the devastating hit Covid-19 did to travel, but the carrier eyed a partial recovery in 2021. United reported an annual loss of $7.1 billion compared with profits of $3.0 billion in 2019. The big US carrier said it expects 2021 to be a "transition" year thanks to coronavirus vaccines as it pledged...

US Suffers Record Daily COVID Deaths On Day Of Biden’s Inauguration: Live Updates

Summary:US reports record daily deathsCalifornia tops 3MM casesUK sees record COVID deathsChina locks down parts 1.7MM in Beijing as mutant strain discoveredUS cases, deaths continue to slow from holiday peaksDutch gov't proposes first national lockdown since WW2Japan reports 5,532 new COVID-19 casesTurkey administers 1MM dosesIsrael's vaccination effort is currently the most advanced in the world in termsModerna CEO says company on track to produce 100MM doses by end-March*...

Biden Signs First 17 Executive Actions Starting With Mask Mandate, “Racial Equality” &am …

Update (1810ET): Biden has finished signing his first 15 executive orders and 2 executive agency directives, according to a White House pool reporter with the Washington Post.Biden has finished signing the 15 executive orders and two agency directives, per a White House official. — Seung Min Kim (@seungminkim) January 20, 2021These include orders for the US to rejoin the WHO, the Paris Accord, a commitment to racia equality,...

Biden’s first 100 days: Executive orders reverse Trump policies

WASHINGTON/NEW YORK -- Joseph R. Biden Jr. has been inaugurated as the 46th U.S. president. But after weeks of tension and a violent attempt to block certification of his election in favor of predecessor Donald Trump, Biden inherits a country that is as divided politically and racially as it is hurting from the effects of COVID-19.<Read the full transcript of Biden's inaugural address here>For more on the Trump-to-Biden transition...

United’s losses mount but airline expects to surpass 2019 margins in 2023

A Boeing 787 Dreamliner operated by United Airlines takes off from Los Angeles International Airport.Getty ImagesUnited Airlines on Wednesday said it expects to surpass its pre-pandemic margins by 2023 but warned sales would suffer early this year as the Covid health crisis wears on.United swung to a net loss of $1.9 billion in the fourth quarter from a $641 million profit a year earlier. Fourth-quarter revenue fell 69%...

Craig Kelly asked Australia’s top doctors about an experimental COVID-19 cure. When they told him …

Australian MP Craig Kelly has repeatedly promoted experimental cures for COVID-19, despite credible evidence and all major reputable medical organisations recommending against their use. In internal emails obtained by Business Insider, the heads of Australia’s medical regulator and the body tasked with evaluating research about COVID-19 treatments repeatedly rejected Kelly’s pleas to recommend the use of the ‘cures’. After responding to the politician’s claims, government medical experts said...

The Latest: Trial of arthritis drug for COVID-19 is halted

LONDON — An arthritis drug tried in patients with severe COVID-19 showed no benefit in a study that was stopped early because of safety concerns. The study was published Wednesday in the British journal The BMJ.The drug tocilizumab hadn’t been recommended outside a clinical trial, but some less rigorous research had suggested it could help.The study found more deaths in patients who received the drug. The deaths were...

Biden rolls back Trump policies on wall, climate, health, Muslims

Business U.S. President Joe Biden signed 15 executive actions shortly after being sworn on Wednesday, undoing policies put in place by his Republican predecessor, Donald Trump, and making his first moves on the pandemic and climate change. U.S. President Joe Biden signs executive orders in the Oval Office of the White House in Washington, after his inauguration as the 46th President of the United States, U.S., January 20,...

ECB to chart steady course even as the outlook dulls

Article content continuedNOT SO BADInstead of policy action, Lagarde will seek to provide support through nuanced communication, making clear she is aware of the risks while arguing they may be overstated.She is likely to concede that the immediate future is more challenging than some of the more optimistic forecasts allow, and that commercial banks’ plans to restrict access to credit will be a drag on growth.But that should...

Center Coast Brookfield MLP & Energy Infrastructure Fund to Redeem Outstanding Series a Mandator …

NEW YORK, Jan. 20, 2021 (GLOBE NEWSWIRE) — Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) (the “Fund”), a closed-end fund advised by Brookfield Public Securities Group LLC (“PSG”), today announced that on February 19, 2021 (the “Redemption Date”) it will redeem all of its outstanding Series A Mandatory Redeemable Preferred Shares (CUSIP No. 1514612#6), (“MRPS”).The Fund also announced the expansion of the portfolio management team.Redemption...
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