Tuesday, December 1, 2020
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Tuesday, December 1, 2020

Wall Street economists are getting fed up with the government’s inability to agree upon more stimulus

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From markets.businessinsider.com

With the US economic recovery slowing and stimulus still stuck in a legislative deadlock, Wall Street is finally throwing in the towel. Major banks recently lowered their forecasts for near-term economic growth, accepting that the fiscal aid their previous estimates relied on is unlikely to arrive. Firms’ economists held out through stalled negotiations and major disagreements over the month expecting Democrats and Republicans to eventually meet in the middle. Yet recent events all but entirely dashed hopes for a spending package. The death of Justice Ruth Bader Ginsburg shocked the country and immediately shifted … (full story)

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OPEC members meet to extend oil production cuts

The OPEC oil producers’ club will meet virtually Monday to mull over an extension to production cuts as the coronavirus pandemic continues to weigh...

Firm to invest $2bn in Africa

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