Tuesday, December 1

Day: October 25, 2020

White House chief says ‘we’re not going to control the pandemic’ after coronavirus cases hit record high
Business news

White House chief says ‘we’re not going to control the pandemic’ after coronavirus cases hit record high

White House Chief of Staff Mark Meadows talks to reporters at the White House on October 21, 2020 in Washington, DC.Tasos Katopodis | Getty Images News | Getty ImagesWhite House chief of staff Mark Meadows said on Sunday that the U.S. will not get control of the coronavirus pandemic as the country reports a record high in new daily Covid-19 cases."We're not going to control the pandemic," Meadows said during an interview on CNN. "We are going to control the fact that we get vaccines, therapeutics and other mitigations."Pressed on why the U.S. can't make efforts to control the pandemic, Meadows said: "Because it is a contagious virus just like the flu.""What we need to do is make sure that we have the proper mitigation factors, whether it's therapies or vaccines or treatme...
Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, XLM
Crypto News

Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, XLM

Hot on the heels of Paypal’s crypto adoption, JPMorgan’s Global Markets Strategy division released a report detailing how Bitcoin (BTC) could offer “considerable” upside “if it competes more intensely with gold as an 'alternative' currency.”According to the analysts, the three reasons for their long-term bullish view on Bitcoin are the large valuation gap between Bitcoin and gold, the growing utility of cryptocurrencies, and millennials preferring Bitcoin over gold in the long-term.This report shows that institutions are gradually realizing the huge potential of cryptocurrencies and are willing to take a U-turn on their previous apprehensions.Crypto market data daily view. Source: Coin360Galaxy Digital CEO Mike Novogratz said that PayPal’s decision on crypto could force other big...
Australia CFTC AUD NC Net Positions rose from previous $3.9K to $6.8K
Forex

Australia CFTC AUD NC Net Positions rose from previous $3.9K to $6.8K

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if ...
Dow advances, SP ekes out gain as vaccine timeline comes into focus
Stock News

Dow advances, SP ekes out gain as vaccine timeline comes into focus

The S&P 500 posted a nominal gain on Friday as further clarity regarding the timeline for the development of a coronavirus vaccine and much better-than-expected retail sales data and brought buyers back to the market.The Dow also joined the S&P in positive territory, both indexes snapping a three-day losing streak driven by halted vaccine trials and continued wrangling in Washington over a new pandemic relief package. But the Nasdaq ended the session lower.Even so, they all posted gains on the week.Pfizer Inc announced it could apply for U.S. authorization for the COVID-19 vaccine it is developing with German partner BioNTech in November. Pfizer's stock gained 3.8%.related news"The two highest-level market movers are the vaccine timeline and stimulus optimism," sai...
Nifty Midcap 100 index likely to scale to 18,500 by December-end: Rajeev Srivastava
Stock

Nifty Midcap 100 index likely to scale to 18,500 by December-end: Rajeev Srivastava

The broader market will continue to outperform as valuations are trading near the long-term averages on PE multiples and P/BV multiples and the Nifty Midcap 100 index can scale 18,500 levels by the end of the calendar year, Rajeev Srivastava, Chief Business Officer at Reliance Securities, said in an interview to Moneycontrol’s Kshitij Anand. Edited excerpts:Q) The week gone by was controlled by the bulls as the Nifty climbed above 11,900. What led to the price action on D-Street? A) The Nifty50 continued to face resistance near the 12,000 level and witnessed a pullback with some corrective action. This led to some sector rotation among the sectors, keeping the broader markets upbeat with positive momentum in midcaps and small caps.The Nifty50 gained by 1.4 percent ...
RBI Governor Shaktikanta Das tests positive for Covid-19
Stock News

RBI Governor Shaktikanta Das tests positive for Covid-19

MUMBAI: Reserve Bank of India (RBI) Governor Shaktikanta Das has tested positive for Covid-19, he announced on Twitter late on Sunday. “I have tested COVID-19 positive. Asymptomatic. Feeling very much alright,” Das said on the social media platform. He said he had alerted those who came in contact with him in the last few days, and will continue to work from isolation.I have tested COVID-19 positive. Asymptomatic.Feeling very much alright.Have alerted those who came in contact in r… https://t.co/YaLzuWqU7f— Shaktikanta Das (@DasShaktikanta) 1603631360000“Work in RBI will go on normally. I am in touch with all Dy. Govs and other officers through VC and telephone,” he added.On Saturday, the leader of Opposition in Maharashtra Legislative Assembly Devendra Fadnavis said he had t...
How to build a crypto mining rig in 2020 to earn Bitcoin and Ether
Crypto News

How to build a crypto mining rig in 2020 to earn Bitcoin and Ether

In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry by not only attracting professional cryptocurrency traders but also reviving mining as a way of generating passive income.It is not surprising that countries experiencing difficult political and economic situations have witnessed a boom in the purchase of GPU cards in recent months. In the region of Abkhazia, where all crypto activities have been illegal since 2018, citizens spent more than $500,000 on mining equipment over a period of six months.Another factor that has worked to further popularize mining is strong crypto prices. Bitcoin (BTC) has rise...
Mike Pence will not quarantine after four aides test positive for coronavirus
Business news

Mike Pence will not quarantine after four aides test positive for coronavirus

U.S. Vice President Mike Pence, stands with his wife, Karen, after casting his ballot for the upcoming election at a polling station in Indianapolis, Indiana, U.S. October 23, 2020.Bryan Woolston | ReutersVice President Mike Pence will not quarantine himself despite several of his aides testing positive for coronavirus, his office said.Pence's chief of staff Marc Short is isolating after testing positive on Saturday, Devin O'Malley, a spokesman for the vice president, said in a statement. A senior political advisor to the vice president, Marty Obst, and two other aides also tested positive, according to NBC News.O'Malley said in a statement issued late on Saturday that Pence and second lady Karen Pence both tested negative and "remain in good health."Pence is expected to ...
Forex Today: Sentiment could take a turn to the worse amid coronavirus explosion
Forex

Forex Today: Sentiment could take a turn to the worse amid coronavirus explosion

Here is what you need to know on Friday, October 23:The American dollar remained under selling pressure at the end of the week, amid political jitters in the US. Republicans and Democrats have continued to discuss a coronavirus stimulus aid package, reporting progress in discussions and indicating that they were “almost there” on an agreement. At the same time, however, politicians said that chances of a bill being approved before the presidential election are quite slim.The EUR/USD pair settled at the upper end of its latest range, around 1.1860. Speculative interest ignored coronavirus-related news coming from the EU, as several countries reported record numbers of new cases while the health systems are showing their first signs of stress.Governments have refused to impose full l...
Asian markets start on firm footing on vaccine, US aid hopes
Stock News

Asian markets start on firm footing on vaccine, US aid hopes

Asian markets started higher on Monday, buoyed by hopes of a U.S fiscal package before the U.S. presidential elections next month and expectations of a coronavirus vaccine by the end of this year, though the mood was still cautious as infections jump.MSCI's broadest index of Asia-Pacific shares outside Japan added 0.26% for its second straight day of gains.The index has risen in eight of the last 10 sessions amid a rally in risk assets buoyed by hopes of a coronavirus vaccine and expectations of a so called “blue wave”, which would see the Democrats claim victory in November’s elections.Boosting overall sentiment, drugmaker Pfizer Inc PFE.N said on Friday it could have a coronavirus vaccine ready in the United States by the end of this year.related newsJapan's Nikkei climb...