The approval of Johnson & Johnson's Covid-19 shot also buoyed the economic outlook
Biden and his team have begun discussions on the possible outlines of an infrastructure package
Biden, less than three weeks into his presidency, has declared that defeating the virus and fixing the economy are his top priorities
The Congress on Friday approved a budget plan that would allow a coronavirus relief bill to muscle through in the coming weeks without Republican support
Spot gold rose 1.4% to $1,836.95 per ounce
The new projections from the office, which is nonpartisan and issues regular budgetary and economic forecasts, are an improvement from the office's forecasts last summer
Small savings, which will chip in a record Rs 4.8 trillion, breathe life into stimulus
The data also showed that the U.S. economy grew at an annual rate of 4 percent in the fourth quarter of 2020 amid a surge in COVID-19 cases, much slower than 33.4 percent in the previous quarter
The Dow Jones Industrial Average rose 16.2 points, or 0.05%, at the open to 31084.88.
After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, U.S. central bankers now like what they see
US President-elect Joe Biden has called for a $2,000 "stimulus checks" to his fellow Americans, arguing that the current $600 coronavirus relief payment is not enough
McConnell's Louisville house was targeted with graffiti to its front door, with a message that read, "Where's my money" with additional paint sprayed on his window
For all the pre-pandemic talk about central banks being out of ammunition, they were able participants in the nascent recovery
Even with a 68% jump in long-term market loans, Centre hasn't been able to raise govt spending remarkably; quality of expenditure has suffered too, with capex 2% lower than last year
It was a year marked by loss. The pandemic exacted a heavy toll, devastated the economy and upended every aspect of life. Here's a look at what we weathered and how we adapted to change...
Spot gold was up 0.1% at $1,860.81 per ounce by 1250 GMT, while U.S. gold futures fell 0.3% to $1,864.60 per ounce.
The S&P 500 opened higher by 1.63 points, or 0.04 per cent, at 3,696.25
Of this, Rs 4,939.81 crore has been released in the first tranche
(Reuters) - The S&P 500 jumped to an all-time high on Friday as data showing the slowest jobs growth in six months reinforced expectations for a new fiscal stimulus bill to help revive the economy from its worst downturn in decades.
The IMF noted progress on a vaccine, but also said elevated asset prices point to a disconnect from the real economy and a potential threat to financial stability