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Added on the 27/04/2020 14:00:00 - Copyright : EFE Inglés
Tokyo, Sep 30 (EFE/EPA).- Bank of Japan Governor Haruhiko Kuroda said Thursday that the entity would maintain its ultra-flexible monetary policy regardless of economic measures the imminent Japanese Prime Minister Fumio Kishida decides to implement. (Camera: ARCHIVE).ARCHIVE FOOTAGE OF TOKYO, JAPAN.
The US equity indexes closed at record highs on Thursday. Analysts look to the Democrats' victories in the Georgia Senate runoffs as a factor in the surge. Experts say the dual victories in the Georgia Senate runoffs pave the way for sweeping fiscal support in early 2021. The S&P 500 was up 1.5% at 3,803.79. The Dow Jones industrial average closed 212 points higher at 31,041.13, up 0.7%. While the Nasdaq composite saw an uptick of 2.6% at 13,067.48.
At long last, a new coronavirus stimulus package is finally set to be passed by the US Congress. The last one expired at the end of July. Business Insider reports the long-awaited package will reportedly contain $600 stimulus checks and an extra $300 in weekly unemployment benefits. While the House has passed multiple bills that would have offered more to Americans, the GOP-controlled Senate has balked until now. However, the deal hasn't been well-received in the Twitterverse, and has produced references to class warfare and revolution. 'Let them eat cake' trended on Twitter in response to the apparently inadequate $600 stimulus check. It's a famous utterance attributed to Marie Antoinette, representing the out-of-touch monied, ruling class overthrown in the French Revolution.
US stocks climbed on Friday after disappointing November jobs data buoyed hopes for a near-term stimulus deal. The S&P 500, Dow Jones industrial average, and the Nasdaq composite all closed at all-time highs. The US unemployment rate edged downward from 6.9% to 6.7% meeting economists' forecasts. The S&P 500 closed at 3,699.12, up 0.9% on Friday. The Dow Jones industrial average closed at 30,218.26, up 0.8% (249 points). While the Nasdaq composite saw closing numbers of 12,464.23, up 0.7%.
A federal judge has nixed a Trump administration proposal that would have kicked off nearly 700,000 American adults from the USDA's food stamps program. The proposed change to the Supplemental Nutritional Assistance Program, or SNAP, would have made it more difficult for Americans to qualify for the program. The DC US District Court said the proposal leaves 'states scrambling and exponentially increasing food insecurity for tens of thousands of Americans.' The ruling noted the USDA has been 'icily silent' about how many American adults would have been denied SNAP benefits during the pandemic. According to Business Insider, as of May 2020, SNAP rosters added over 6 million new enrollees.
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