The Stories on Our Radar – August 24, 2020
Headlines influencing today’s markets
- Gabrielle Hughes
- August 24, 2020
- 5:00 PM
- TikTok filed a lawsuit against the U.S. government in federal court, challenging President Trump’s executive order that says that if an American buyer does not assume U.S. operations, the app will be banned.
- U.S. big-box retailers have fared exceptionally well during the coronavirus pandemic, going toe-to-toe with retail giant Amazon.
- President Trump had announced expanded access for a COVID-19 treatment after the FDA had approved it: convalescent plasma.
- Layoffs in Europe are coming—as many as 59 million jobs in Europe are at risk of reduction of hours or pay, furloughs, and permanent layoffs.
- Lumber futures experienced some pullback today, but what contributed to its crazy rally in the first place?
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