News

‘A banner year’: US GDP will grow 6% in 2021 as businesses feel the full effect of pandemic relief policies, says a chief investment strategist

Leuthold Group’s Jim Paulsen told CNBC on Tuesday he expects US gross domestic product to grow 6% in 2021 in a “banner year” for the economy. The chief investment strategist explained that several pandemic relief policies that were implemented in 2020 won’t take effect until 2021. This impact — coupled […]
‘A banner year’: US GDP will grow 6% in 2021 as businesses feel the full effect of pandemic relief policies, says a chief investment strategist
Markets

Nasdaq closes at record high as investors digest Fed action and stimulus talks

US equities wavered on Wednesday as investors mulled the Federal Reserve’s policy update, disappointing economic data, and progress toward passing new stimulus. Congressional leaders are close to agreeing on a stimulus package that includes just under $US900 billion in relief funds, Politico reported. A deal could be finalised as early […]
Nasdaq closes at record high as investors digest Fed action and stimulus talks