Stocks adrift as vaccine rally falters
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Gold rises as optimism around coronavirus vaccine fades
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India may cut its military budget by as much as 40%
The rest is here: India may cut its military budget by as much as 40%
On the brink of default, Argentina says there’s a ‘big chance’ its May 22 deadline will be extended
Read the original post: On the brink of default, Argentina says there’s a ‘big chance’ its May 22 deadline will be extended
Gold steady, firm dollar offsets recession support
Source: PRECIOUS-Gold steady, firm dollar offsets recession support – Reuters
Gold Price Analysis: Probes $1,750 as US dollar stays sluggish
Gold prices remain modestly positive around $1,749, up 0.24% on a day, amid the early Wednesday. In doing so, the yellow metal stretches the previous Source: Gold Price Analysis: Probes $1,750 as US dollar stays sluggish
Gold climbs to recoup some recent losses as Powell says Fed ‘prepared to act further’ if economy falters
Source: Gold climbs to recoup some recent losses as Powell says Fed ‘prepared to act further’ if economy falters – MarketWatch
Gold gains as recession looms even as economies reopen
Source: PRECIOUS-Gold gains as recession looms even as economies reopen – Reuters
C.B.O. now forecasting 38% decline in GDP in Q2, with 26 million fewer people employed
BREAKING: Congressional Budget Office now forecasting 38% decline in GDP in Q2, with 26 million fewer people employed in the quarter than in the fourth quarter of 2019. pic.twitter.com/hvtBHkw164 — CNBC Now (@CNBCnow) May 19, 2020
‘We are fully prepared to take losses’ on coronavirus bailouts, Mnuchin says
Mnuchin defended the administration’s track record on disbursement of money from the $2 trillion CARES Act passed by Congress to aid struggling businesses, industries and individuals. Source: ‘We are fully prepared to take losses’ on coronavirus bailouts, Mnuchin says