Pain, despair and poverty reach fever pitch for unemployed workers
Randy Chase, 57, does masonry work on construction crews. With unemployment benefits stalled since April and no savings left, he’s been living in his pickup truck outside of Denver since September, using an electric heater to keep warm. Randy Chase...
Elliott tries to turn around a decade-long laggard with new real estate investment
Signage stands on the building of a Public Storage facility in San Francisco, California, U.S., on Friday, April 21, 2017. David Paul Morris | Bloomberg | Getty Images Elliott Associates sees a runway beneath Public Storage, and is pushing the...
Weekly Economic and Financial Commentary: The Shot Heard Round the World
U.S. Review The Shot Heard Round the World This week marked the first U.S. COVID vaccinations and the imminent rollout of a second vaccine. But, the resurgence of the virus and increased mobility restrictions further show why fiscal support would...
The Weekly Bottom Line: Holiday Shopping Blues
U.S. Highlights Prospects for fiscal stimulus drove volatility in equity markets this week. Policymakers are reportedly closing in on a much-needed relief package following several months of gridlock. Economic data released this week were less cheerful. Jobless claims rose to...
Week Ahead: Holidays Could Lead to Slow, but Volatile, Markets
The end of year holidays arrive this week and that means slow, light trading, unless of course, there is a Brexit trade deal or a US Stimulus agreement. If one, or both, of these issues are resolved within the next...
A Brexit Deal May Happen Over the Weekend: GBP/USD, EUR/GBP, GBP/CAD
Over the past month, it seems that almost daily a Brexit trade deal could be reached. However, comments from both sides have changed seemingly almost every hour, causing volatility in GBP pairs. This past week, traders appear to believe that...
Week Ahead – The Final Stretch
We’re not there yet We are now heading into what would typically be a quiet time of year when everyone spends time with their loved ones and market activity is more muted. This isn’t a normal year though and while...
Tesla jumps 6% in heavy volume ahead of S&P 500 entry, stock then falls a bit in after hours
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020. Aly Song | Reuters Shares of Tesla traded more than four...
Big investors new to cryptocurrencies appear to be behind bitcoin’s rally to a record
Stanley Druckenmiller (L) and Paul Tudor Jones CNBC A herd of new, big investors are scooping up bitcoin this year as the price more than doubles. Investors who bought at least 1,000 bitcoins — worth roughly $23 million at Friday’s...
Week Ahead – Stimulus is Coming to Town
It is a very quiet week in terms of events, as trading winds down for the holiday season. This implies that liquidity may be in short supply, setting the stage for some explosive moves if there is any breakthrough in...
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