Wall Street billionaire predicts a ‘big V’ economic rebound in next few months

Steve Schwarzman, chief executive officer of Blackstone Group said the economy is likely to benefit from a V-type recovery in the next few months.

ASX set to drop as Wall Street falls on surge in new COVID-19 cases; Fed calls for more aid

News of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery.

Wall Street jumps on signs of economic recovery, but Fed cautions ‘long road’ ahead

Wall Street’s rally extends to a third day on encouraging numbers, but Fed chairman Jerome Powell says a full economic recovery is a long way off.

Fear turns back into greed: ASX set to surge higher as Fed fuels Wall Street rebound

Investors were spooked on Wall Street early by coronavirus second wave fears but a Fed announcement sent shares soaring, and sets up the ASX for a jump of more than […]

‘Wrong so often’: Trump takes aim at Fed’s grim economic outlook

President Donald Trump and senior White House officials sought to calm fears about the nation’s economy as Wall Street fell sharply and investors tried to digest the Federal Reserve’s dour […]

Wall Street plummets on rising number of virus cases, dire economic forecast

Wall Street has recorded its worst day in three months, setting up the ASX for more heavy losses, as rising coronavirus cases deflate recent optimism that the US economy could […]