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Day says disciplined routine has helped him keep back issues at bay By Reuters

© Reuters. PGA: PGA Championship – Second Round

(Reuters) – Former world number one Jason Day said his chronic back problems left him struggling to walk around a golf course when the sport returned in mid-June after the COVID-19 break, but he is now in a better place physically.

The 32-year-old Australian carded a second-round 69 at the PGA Championship on Friday for a share of second place to stay in contention for only the second major of his career.

“Physically, I feel great. I’m always trying to stay disciplined with my exercises and soft tissue work… overall, I feel good,” overnight co-leader Day told reporters.

“When I first came out (after the COVID-19 shutdown), I struggled to walk around a golf course and play. You know, it hurt to walk. But now I feel great and I feel fine.”

Day, who won the 2015 PGA Championship, arrived at TPC

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Greenback blues: Are the doomsayers finally right about the demise of the U.S. dollar?

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“Our role as a global leader is tarnished to say the least,” Roach said. 

The dollar has historically been strong when it has found itself on either end of a framework called the dollar smile, Scotiabank chief currency strategist Shaun Osborne said. On one end of the smile — picture a wide “U” shape — the greenback strengthens due to investors becoming risk averse. At the other peak, itralliesbecause the U.S. economy is growing and demonstrates a yield advantage. 

Currently, neither one of these conditions is in place, he said. As foreign economies continue their recoveries, investors are once again willing to take on more risk and redirect some of their portfolios towards emerging markets. The Euro and Yen have appreciated substantially as a result.The U.S.economy, thanks to a poor response on COVID-19, is also lagging. 

In a note published last week, a

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Trump to sign an executive order to extend enhanced unemployments benefits as stimulus talks fall apart

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President Donald Trump announced Friday evening plans to sign an executive order to extend enhanced unemployments benefits—which expired the week of July 25—through the end of the year. Trump said he could sign it by the end of the week.

The president also said he’ll sign orders to extend the deferment for student loans and forgive student loan interest, extend eviction moratoriums, and defer some payroll taxes until the end of year.

This announcement came after negotiations on a broad stimulus bill between Democratic and Republican leaders broke down on Friday. That bill would have included a second round of stimulus checks, enhanced unemployment benefits, and a number of other measures to help Americans cope with the pandemic.

The enhanced unemployment benefits passed in the … Read More

UK’s Sunak says optimistic much of COVID loans to firms will be repaid By Reuters

© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak arrives at the Foreign and Commonwealth Office

LONDON (Reuters) – British finance minister Rishi Sunak said on Friday that he was optimistic a lot of the emergency government-backed loans given to companies during the pandemic will be repaid.

“I remain optimistic that if we can actually drive our economic recovery forward then, we should be able to recover a lot of the loans,” Sunak told Sky News.

“Are some of those loans going to be written off? Absolutely. We’ve been very clear we won’t be able to say every single job, every single business.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be
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This millennial tech worker is meticulous about saving, but his investment gameplan needs work

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He knows that, despite his budgeting, he could benefit from cutting down his food bill, which totalled $742 in the month Spent looked at his expenses. The bulk of that budget goes to groceries. Duke spent $286.66 over three trips to No Frills, $95.92 at Costco, $25.35 in two trips to Loblaw’s, $8.77 at Fortinos and an additional $100 at a local Chinese grocery store.

As far as the rest of his spending, he said he can’t make any other concessions. He only uses his car for transport — no ride sharing or public transit expenses appear in his monthly spending — and he spends just above $400 on insurance, gas and parking. His entertainment budget is light and so are his bills — $1,000 for rent, $42 for his cellphone and $15 for a gym membership.

Where he could stand to benefit from professional advice is

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Analysts are honing their Q3 GDP estimates—which will be released just days before the election

The good news is that recent estimates have the U.S. economy poised for a record rebound following last quarter’s depressing GDP figures.

The bad news is that 2020 is still on track to be a miserable year for the economy when it’s all said and done.

New projections are forecasting U.S. GDP to grow by around 20% on an annualized basis in the third quarter, as activity ramps back up following coronavirus-related lockdown measures that devastated the economy through the first two quarters of the year. 

Morgan Stanley is currently predicting a 21.3% spike in GDP this quarter, while financial data provider IHS Markit is estimating a 20.1% increase in the third quarter. Economists at S&P Global Ratings, meanwhile, forecast a jump of anywhere from 18% to 22%—depending on what kind of compromise Republicans and Democrats on Capitol Hill are able to reach on a new stimulus package. … Read More