Business
US stocks fall after Donald Trump halts stimulus talks and Federal Reserve warns of ‘recessionary dynamics’ – ABC News
US stocks are sold off sharply after US President Donald Trump put a hold on negotiations on new stimulus spending until after the US presidential election, wit…
Stocks on Wall Street have reversed course and fallen more than 1 per cent in late trade after the US President stopped talks on new stimulus measures aimed at boosting the coronavirus-ravaged economy.
Key points:
- Nasdaq falls 1.6 per cent as stimulus talks put on ice until after US election
- Federal Reserve boss warns of downward spiral for US economy if no new stimulus
- Australian dollar loses 1 per cent to 71 US cents
Donald Trump wrote on Twitter that he…
Continue Reading
-
Noosa News22 hours agoJesse Wahlen Beale, accused of killing partner Crystal Beale, and dumping body, denied bail
-
General21 hours agoThe ‘slopification’ and ‘enshittification’ of everything
-
Noosa News5 hours agoBus driver found guilty over death of 18yo Tia Cameron
-
Noosa News20 hours agoBest events and parties for kids and adults