Tom Brady, Gary Cohn, and Marc Lasry have all bet on Will McDonough. He’s now betting on blockchain
The private table in the back of Nobu was a tabloid photographer’s dream. It was January 2005, and Tom Brady, Michael Jordan, Alex Rodriguez, Bill Clinton, Gary Cohn and Marc Lasry were among the group dining at the Japanese eatery...
One of market’s biggest bulls takes a ‘few chips off the table,’ sees impending sell-off
One of the market’s biggest bulls is on sell-off watch. Federated Investors’ portfolio manager Steve Chiavarone sees a 5 to 8 percent drop in stocks before summer ends. And, he thinks it may have already started. “We’ve taken a few...
Euro as a Casualty as US-China Trade War Turns into Something Bigger
Much volatility was seen in the markets last week with a lot of themes developed. Canadian Dollar ended as the strongest one as strong data boosted chance of August BoC hike. Swiss Franc followed as the second strongest on risk...
Weekly Economic and Financial Commentary: Data Keep Fed on Track for September Rate Hike
U.S. Review Data Keep Fed on Track for September Rate Hike The Employment Cost Index rose to its highest year-over-year pace of the expansion in Q2, signaling rising labor costs. The ISM manufacturing index cooled slightly in July but remained...
The Weekly Bottom Line: Canada – Solid Growth Raises Odds of October Rate Hike
U.S. Highlights The U.S. economy generated solid job growth in July with payrolls expanding by 157k (170k private). The unemployment rate edged down to 3.9% (from 4.0%) and the core (25-54) labor force participation rate moved higher. Tariff concerns were...
Week ahead: Two More Central Banks and a Handful of Data
After a significantly busy week, things are understandably going to be quieter next week. After all, we’ve already had three major central bank rate decisions from the likes of the BoJ, BoE and Fed and also some really important economic...
US Dollar Takes NFP Hit But Ends Up Higher on the Week
The US dollar fell on Friday after the U.S. non farm payrolls (NFP) came in below expectations with only a gain of 157,000 but otherwise the unemployment rate dropped to 3.9 percent and wage growth remained unchanged at 0.3 percent....
Why a few economists think US job growth might not last without one key ingredient
Although payroll growth slowed in July, the unemployment rate decreased and overall job conditions appeared strong, the U.S. Labor Department reported on Friday. But according to Satyam Panday, a S&P global deputy U.S. economist, that continued job growth may not...
US apple industry braces for tariffs and price drops on eve of harvest
Apple farmers across the nation say the triple threat of tariffs from Mexico, China and India will challenge their business. Crist Brothers Apple Orchards, Inc. in Walden, New York, harvested 20 million pounds of apples last year and has been...
The silence of Les Moonves spoke loud and clear
CBS CEO Les Moonves had the chance Thursday to speak to the investor community about allegations of sexual misconduct stemming from an eight-month investigation by Ronan Farrow for The New Yorker. Instead of addressing the claims, he chose to remain...
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