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Goldman Sachs has cut its GDP forecast from 4% to 2%.The lack of additional stimulus is the problem.The investment bank doesn’t see additional stimulus until 2021.The economic recovery is set to stall. That’s the view of Goldman Sachs, who sees the lack of further stimulus as holding the economy back.
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The Dow Jones fell 320 points on Friday.Bears took control after Nancy Pelosi destroyed hopes of more fiscal stimulus from Congress.Better than forecast Michigan consumer sentiment shows the U.S. economic recovery is still in motion.The Dow Jones dropped sharply to close the week, as hopes of additional coronavirus stimulus continue
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Overnight, crypto Twitter exploded in chatter about what is essentially free money. Liquidity swap platform Uniswap that’s recently
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Americans who have been buying Bitcoin with their U.S. stimulus package may now buy more once the Senate approves the new bill.Bitcoin could benefit from the new U.S. stimulus proposal, which will include a new round of $1,200 checks. Already, the Senate has rejected a “skinny” stimulus bill as it
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The United States Senate rejected the new stimulus proposal on Sep.10, which did not include a new round of $1,200 checks. However, this boosts the chances of a new proposal with individual checks getting approved, and could serve as a catalyst for Bitcoin (BTC).Why was the stimulus proposal rejected, and
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Dow Plunges 450 Points as Tech Selloff Intensifies, Stimulus Stalled CCN.com - News & Blazing Op-Eds The Dow and broader U.S. stock market face strong headwinds as Big Tech continues to unwind from its record rally. Dow Plunges 450 Points as Tech Selloff Intensifies, Stimulus Stalled CCN.com - News & Blazing
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U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again.The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended to cushion families against the covid-19 fallout.Instead of buying groceries
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In April, the Japanese government began distributing 100,000 yen payments — about $930 — to every household. But did the Japanese follow some in the United States and spend that money in crypto exchanges? The data from the three major crypto exchanges in Japan suggests they probably did not. In his
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Bitcoin edged higher on Tuesday as stock markets cheered the EU's decision to approve a landmark coronavirus recovery fund. Source
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Bitcoin broke out of a narrow technical range to close above $9,300 this Tuesday.The jump appeared after the European Union leaders confirmed a €1.8 trillion ($2.06 trillion) stimulus package.The cryptocurrency now eyes bullish continuation beyond $9,400, a resistance level it failed to break twice in the last three weeks.Bitcoin jumped
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