President Joe Biden, who was sworn into office on Wednesday, last week laid out a $1.9 trillion stimulus package proposal to boost the economy and speed up the distribution of vaccines.
Gold prices rose more than 1% on Wednesday as U.S. Treasury secretary nominee Janet Yellen bolstered bets for another stimulus package under President Joe Biden.
Health insurer UnitedHealth Group Inc beat quarterly profit estimates for the fourth quarter on Wednesday, helped partly by lowerthanexpected medical costs due to fewer elective surgeries as hospitals made room for COVID19 patients.
Oil rose 1% on Wednesday, buoyed by expectations that the incoming U.S. administration will deliver massive stimulus spending that will lift fuel demand and enact policies that will tighten crude supply.
The Rs 4,633 crore IPO of Indian Railway Finance Corporation (IRFC) was subscribed 3.49 times on the final day of bidding on Wednesday.
Gold rose more than 1% on Wednesday ahead of U.S. Presidentelect Joe Biden’s inauguration, extending gains after his nominee to head the Treasury Department, Janet Yellen, bolstered bets for another pandemicrelated stimulus package.
Morgan Stanley saw its fourthquarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the markets upward swing and investors jubilation for tech stocks and IPOs late last year.
Global equity benchmarks and oil prices rose while U.S. Treasury bonds dipped Wednesday as investors weighed the likelihood of further U.S. stimulus under the incoming Biden administration against worsening coronavirus outbreaks in China and the United States.
Melanie Igbe’s restaurant hosted 50 people a day when it opened in Nigeria’s megacity Lagos a year ago. Fear of coronavirus has driven most diners away, but Igbe believes inflation rather than the pandemic may kill her business.
U.S. stocks opened near record highs on Wednesday, as Joe Biden prepared to take charge as U.S. President, while Netflix jumped after saying it will no longer need to borrow billions of dollars to finance its TV shows and movies.