OFF THE WIRE
Economists call for more direct cash payments tied to the health of the economy
Reuters - Jul 7, 2020 08:14AM(Kitco News) -
Risk currencies breathe after rally, virus resurgence buoys dollar
Reuters - Jul 7, 2020 08:03AM(Kitco News) -
Gold retreats from multi-year peak as dollar rebounds
Reuters - Jul 7, 2020 07:33AMJuly 7 (Reuters) - Gold fell on Tuesday in the face of competition from safe haven inflows into the dollar as COVID-19 cases increased globally and investors booked profits following bullion's rally to a near eight-year peak.
Economists call for more direct cash payments tied to the health of the economy
Reuters - Jul 7, 2020 06:00AMJuly 7 (Reuters) - Direct cash payments can improve financial security, boost consumer spending and may speed up the recovery, according to a letter from a group of economists calling on U.S. policymakers to keep providing direct cash payments to Americans until the economy is stronger.
Wall Street jumps on strong services sector, hopes of China recovery
Reuters - Jul 6, 2020 04:16PM(Kitco News) - U.S. stocks rose sharply on Monday as a rebound in U.S. services industry activity in June and expectations of a revival in Chinas economy boosted optimism, helping investors look past a surge in new coronavirus cases in the United States.
Global stocks rally, yuan surges as investors bet on China revival
Reuters - Jul 6, 2020 03:33PM(Kitco News) -
U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also got loans
Reuters - Jul 6, 2020 03:03PM(Kitco News) -
Boston Fed says Main Street program now 'fully operational' and ready to purchase loans
Reuters - Jul 6, 2020 02:35PM(Kitco News) -
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