Journalist & Content Operations Coordinator
Yesterday, President Trump put an end to Congress’ efforts to assemble a fiscal stimulus package, instructing his representatives to stop negotiating until after the election.
U.S. stocks are rising after their greatest decline in months, Congress is voting on a “skinny” version of a stimulus bill, and LVMH’s agreement to buy Tiffany’s at $16 billion is falling apart.
Today, the PMI reading for August came out to be 56, up from 54.2 in July and above the median projection of 54.8, indicating the fastest rise in U.S. manufacturing since late 2018.
U.S. consumer spending is slowing, Prime Minister Abe resigning, market vol increasing, mega corps like Coca Cola shedding thousands of jobs, and the Paycheck Protection Program riddled with fraud
Fed Chair Jay Powell gave an official update to the Fed’s policy on inflation targeting. It was one of the most significant revamps in their policy strategy since 2012.
Are credit markets tightening? There’s some data that indicates that they are across almost all loan types.
The technology sector is continuing with its takeover of the broader market with the recent announcement of Exxon, Raytheon, and Pfizer being removed from the Dow Jones Industrial Average Index.
TikTok sues the U.S. government, President Trump announced expanded access to convalescent plasma as a COVID-19 treatment, and what’s contributing to the soaring lumber futures prices.
The European Central Bank, the Bank of Japan, the Bank of England, and the Swiss National Bank have all announced today that they would be scaling back their US dollar liquidity operations.
Yesterday, the S&P hit a record-breaking closing high of 3,389.78. At least for now, this new high has held up, trading slightly above yesterday’s close.
The latest news analysis on what’s next for our new global economy