Fed wants low profile but may repeat that the economy needs stimulus
U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, U.S.,...
They lived paycheck to paycheck before the pandemic. Then their worst nightmare came true
A man fills out paperwork while waiting for his number to be called at an unemployment event in Tulsa, Oklahoma on July 15, 2020. Nick Oxford for The Washington Post | Getty Images Vicki Honeycutt lost her job in March,...
Warren Buffett’s Berkshire Hathaway bought back a record $9 billion in stock in the third quarter
Warren Buffett Gerard Miller | CNBC As the coronavirus pandemic weighs on its operating earnings and stock price, Berkshire Hathaway ramped up its stock repurchasing program even more in the third quarter, nearly doubling the record buyback from the second...
Weekly Economic and Financial Commentary: Parsing Economic Data while Awaiting Election Results
U.S. Review Parsing Economic Data while Awaiting Election Results As of this writing, the outcome of the U.S. presidential election is undecided. Joe Biden, however, appears likely to become president based off of his growing lead in several key states....
The Weekly Bottom Line: What a Year this Week Has Been
U.S. Highlights Four days of vote counting has not yet produced a clear winner in the presidential election, with the Senate in a tight race and the House won by Democrats. There was no change to the policy announcement from...
US Election Outcome Adds to Cloudy Economic Outlook
A quiet week for data releases lies ahead, leaving time to absorb the results of the US presidential election – and what increasingly looks likely to be a Biden Presidency. The outcome of the US vote matters for Canada, with...
Week Ahead: A Joe Biden Presidency? Return of Brexit and Coronavirus to the Headlines
With the lack of economic data this week, expect US Presidential drama to be in play this week. As of Friday afternoon, it appears that most media outlets are ready to call Joe Biden the 46th President of the United...
Joe Biden Presidency Almost a Certainty- US Dollar Levels to Watch: EUR/USD, USD/JPY, AUD/USD
US Dollar pairs may still see some volatility ahead as the election winner is announced and results are contested. As reports are now suggesting that Pennsylvania and Georgia have flipped from Trump-leading to Biden-leading, it’s becoming more and more apparent...
Stocks making the biggest moves midday: Coty, Square, Roku, Uber & more
Check out the companies making headlines in midday trading. Roku — Streaming platform Roku jumped 12.57% after the company reported a surprise adjusted profit for its third quarter. The company posted 9 cents in earnings per share on $452 million...