US stocks slipped on Friday ahead of President Donald Trump's news conference on China.
US consumer spending in April also posted the biggest drop on record as the personal savings rate jumping to a record 33%, from 12.7%. US stocks slipped Friday as concerned traders awaited President Donald Trump's news conference on China. Consumer-spending data also showed a record drop in April, reflecting the immense economic damage caused by the coronavirus.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
72% Of U.S. Voters Believe President Trump Should Wear A Face Mask When Around Others: PollPressure has grown around Trump over his continued decision not to wear a face mask. Why not 100% 🤔🤔 I do not think deadbeat donald needs to wear a mask. I do think he needs to go to one of the hospitals in New York City and volunteer without a mask for 24 hours. 28% US voters, wtf is wrong with you?
Source: Forbes - 🏆 394. / 53 Read more »
US stocks erase gains, close negative after Trump announces Friday press conference on China | Markets InsiderUS stocks erased earlier gains and closed negative on Thursday after President Donald Trump announced he will hold a press conference on Friday ...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Why Rising U.S.-China Tensions Are The Biggest Threat To The Stock Market RallyTwo threats to the stock market rally are China’s growing belligerence and the slow reopening from COVID-19 lockdown in big states, such as New York, Illinois and California. Over 100,000 dead in the USA in 10 weeks from Coronavirus, 41 million unemployed, 25% of workforce out of work, several small companies going out of business permanently, and bankruptcies and evictions soaring. No cure or vaccine. Country is more divided than ever. balloon or Harley, if you had to choose one, which would it be
Source: Forbes - 🏆 394. / 53 Read more »
Senator sees U.S. sticking to trade deal with China despite pandemic concernsU.S. Senate Finance Committee Chairman Chuck Grassley on Thursday said he did not expect President Donald Trump to walk away from a Phase 1 trade deal with China despite concerns over Beijing's handling of the coronavirus pandemic. He’s another do nothing Why This is a perfect time to bring back the companies. During the pandemic we were at China's mercy. For all our emergency needs. This has to stop. When it comes to cash....
Source: Reuters - 🏆 2. / 97 Read more »