Markets Stabilize After Stimulus Package Is Passed:
Live Business Updates
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Here’s what you need to know:
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Stock indexes stabilized on Tuesday, after a volatile day of trading on Monday, as Congress passed a $900 billion stimulus package and anxiety about a fast-spreading strain of the coronavirus in Britain eased.
- On Wall Street, the S&P 500 drifted between gains and losses in early trading. The index had fallen close to 2 percent at its worst point on Monday, before recovering most of those losses. The Stoxx Europe 600 rose 0.8 percent, after dropping 2.3 percent on Monday. The FTSE 100 in Britain was 0.3 percent higher after it fell 1.7 percent the previous day.
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In Washington, after weeks of negotiations, Congress overwhelmingly approved a coronavirus stimulus package that includes billions of dollars for American households and businesses that have been hurt by the pandemic. It restores a supplemental unemployment benefit for millions of unemployed Americans for 11 weeks and includes money for another round of $600 direct payments.
- The British pound continued its decline as investors waited for an update on the Brexit trade negotiations. In just nine days, the transition period ends and Britain could lose tariff-free access to its largest trading partner if a deal is not reached. The pound fell 0.4 percent against the U.S. dollar and 0.2 percent against the euro.
- The British currency had fallen sharply on Monday as more than 40 countries cut off travel links from Britain in an effort to stop the spread of a new strain of coronavirus that was “out of control” in parts of England. But on Tuesday, the European Commission advised European Union members to lift blanket bans on travelers, recommending testing or quarantines instead. And one vaccine expert said that there was no evidence at the moment to suggest that the current product would have to be adapted.
- Peloton jumped 8.5 percent after it said on Monday it would acquire Precor, a Seattle-based fitness equipment manufacturer, to ramp up production of its stationary bikes and treadmills to keep pace with surging demand during the pandemic. The $420 million deal includes plans to acquire Precor’s factories, with more than 625,000 square feet of manufacturing space.
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Apple rose 2 percent, extending a rally that began late on Monday after Reuters reported that it continued to have plans to produce self-driving vehicle for consumers, aiming at 2024 for production.
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Michelle Richey Named
Real Estate Closer
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Ledbetter Law Group is pleased to announce that our newest team member, Michelle Richey has accepted the Real Estate Closer position for our firm. With over 20 years experience, Michelle is a highly respected Real Estate Closer and Licensed Title Insurance Agent and works diligently to close transactions on time by working the the buyer, seller, and agents to provide a seamless transition for our clients. Michelle’s professionalism, knowledge, and dedication to our clients' success make her an excellent addition to our team. We are thrilled to welcome Michelle’s expertise to serve our clients with in-office and remote closings. Please call today for assistance with your real estate and title insurance (purchase, sale, refinance) needs!
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Veteran's Day Open House Event
A Huge Success
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Thank you to all who attended our 2nd annual Veteran's Day open house event. Although delayed a week due to Tropical Storm Eta, the event was a huge success honoring the brave individuals who have fought for the freedom of our country. Staff, clients, colleagues, and friends enjoyed games, conversation, and delicious hors d'oeuvres from Flynn's On Venice Ave. We would also like to thank A’s Rentals for the table and chair setup, and Venice Wine & Coffee Company for the beautiful gift basket. We look forward to next year's event.
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In observance of the upcoming holidays, our office will be closed:
- Thursday, December 24th
- Friday, December 25th
- Friday, January 1st, 2021
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Each Saturday of the month visit the Venice Farmer's Market
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At Ledbetter Law Group, we go above and beyond to create relationships to last a lifetime. We are here for you, your family, and your loved ones.
Trust
Making sure our clients have the belief and confidence in the integrity, reliability and fairness of our firm by providing consistent and proactive communication
Excellence
Guide our clients in making emotional and sometimes difficult decisions that will meet their long-term goals in a compassionate and professional manner
Responsive Service
Provide efficient and timely service to our clients, firm, team, profession, and community
Work Ethic & Professionalism
Serve our clients in a passionate, productive and positive manner with the highest levels of professionalism
Mutual Respect
and Dignity
Support our clients, coworkers, and families in times of need with compassion, empathy, mutual respect and dignity
Conscientious
and Reliable
Dedication to do the right thing for our clients, our professional team and community
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Please contact our office today to schedule a consultation and meet with a member of our team to find out how we can assist you. |
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