EMerchants

News updates for european merchants

Dow up 0.8%; S&P 500 climbs 1% after Beige book

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Nasdaq Composite rises 0.7%

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Stocks hold gains after Fed’s Beige book shows activity levels picking up amid coronavirus

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Fed’s Beige Book says activity increased in almost all districts but remains well below pre-pandemic levels

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Economic Report: More than 1 million people likely applied for jobless benefits in early July — and it might get worse soon

The number of applications for unemployment benefits is likely to top 1 million for the 17th straight week, underscoring the difficulty the U.S. is experiencing as the economy tries to recover from the coronavirus.

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The Margin: More than 3 in 4 college students plan to return to campus this fall — but they promise not to party

A pandemic survey finds most students want dorms and in-person classes back — but others tell MarketWatch they’re not comfortable with that yet

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CityWatch: Though New York City rat sightings are down overall, there could soon be an increase

Rats are likely to have turned to “basic living” for now, which for rats, happens to be the sewers, says one expert.

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Commodities Corner: OPEC+ move to taper output cuts, looks to ‘keep a floor’ under prices

The Organization of the Petroleum Exporting Countries and their allies, collectively known as OPEC+, will taper oil production cuts starting in August, effectively raising output but not by as much as it seems.

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August gold climbs 40 cents, or 0.02%, to settle at $1,813.80/oz

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Key Words: Coronavirus pandemic could get much, much worse, according to this health expert

The coronavirus pandemic that has infected more than 3.4 million Americans and killed more than 136,00 could get much, much worse, unless action is taken now to contain it, according to a leading public health expert.

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