Weekly News Summary for May 8-14, 2020
Friday, May 8, 2020: Uber Shares Up as CEO Promises More Cost Cuts
Shares in Uber Technologies Inc. rallied sharply in…
Due to the Coronavirus pandemic, China will only be able to import only $60 Billion out of the agreed $186.6 Billion worth of exports from the US, a move that might…
Copper prices climbed to their highest level in about a week
Investors celebrate further eases in the coronavirus closings in significant economies, especially…
China seems to be over its worst of the Coronavirus outbreak and is gradually reopening, and despite differences in both political and economic governance, it has…
The manufacturing sector in China slowed down in April due to the slowing export demand. The global pandemic caused a substantial economic impact even as factories…
Australia, New Zealand, and South Korea are among the few countries that managed to contain the spread of Coronavirus - at least for now. Their economies are…
Million jobless claims in a week reaches 5.245m and this increased the monthly loss to 22m because of the coronavirus pandemic. Click here now! – Finance Brokerage
Countries enforcing strict quarantine measures have a better chance of protecting citizens’ health and create a stronger economy compared to those lifting them…
BofA Expects Gold Prices to Rise Due to Coronavirus Impact
Bank of America Global Research raised its forecast for the average gold price. It expressed optimism for…
What Rising Prices of Gold Say About the Global Economic State
Renewed fears that the coronavirus caused the drop of oil and metal prices, while gold rose toward…