Asia Morning: Tech Stocks Lead U.S. Market Lower Again
On Friday, U.S. stocks ended in the red again. The Dow Jones Industrial Average fell 157 points (-0.59%) to 26501, the S&P 500 dropped 40 points (-1.21%) to 3270, and the Nasdaq 100 slumped 297 points (-2.62%) to 11052. S&P 500 Index (Daily Chart) : Downside...
Leaving New York: High earners in finance and tech explain why they left the ‘world’s greatest city’
Brenan Hefner, co-founder and chief operating officer of Analyst Hub, and his family outside of their former home in Pelham, NY. Source: Brian Hefner Like many before him, Brenan Hefner arrived in New York 20 years ago in search of...
Here’s how a Biden or Trump presidency would affect your personal finances
Joe Biden, 2020 Democratic presidential nominee, right, and President Donald Trump during the presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22, 2020. Kevin Dietsch/UPI/Bloomberg via Getty Images President Donald Trump and Joe Biden, his Democratic opponent in...
Key Levels to Watch as US Presidential Election Looms
Global equities tumbled notably last week, partly as coronavirus spread was hitting new record highs. Also of the same importance, US investor had lightened up their positions in preparation for the Presidential elections. Yen and Dollar surged broadly to end...
Weekly Economic and Financial Commentary: Renewed Questions Surrounding Global Recovery
U.S. Review GDP Bounces Partway Back in Q3 Real GDP jumped a record 33.1% during Q3, beating expectations. A 40.7% surge in consumer spending drove the gain. However, real GDP is still 3.5% below pre-pandemic levels. Initial jobless claims dropped...
The Weekly Bottom Line: Economic Growth Resumes in Q3
U.S. Highlights Financial markets tumbled this week as worsening coronavirus caseloads fueled concerns about the global economic outlook. The S&P 500 is on track to end the week 6% below last week’s close. The American economy rebounded sharply in the...
Forward Guidance: October Canadian Job Report to Show Early Impact of Virus Resurgence
We expect the pace of job growth in Canada slowed to 50k in October after a stronger-than-expected 378k increase in September. Virus containment measures were reintroduced in Ontario, Quebec and other regions, and although much less stringent than in the...
Week Ahead: US Elections are Finally Here!
The major polls have Joe Biden in the lead by various amounts, but Wall Street remembers! After months of waiting (some people have been waiting years), the US Presidential Election will take place this Tuesday. The major polls have Joe...
The Fed could face more pressure to act: ‘They don’t have the luxury of time anymore’
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images With inflation still elusive and a host of questions surrounding an economy that just set a...
Fed lowers minimum loan level for small business lending program
The Federal Reserve has lowered the barriers on its lending program for smaller businesses as part of an effort to broaden the appeal of the sparsely used facility. In another pair of tweaks to its Main Street Lending Program, the...
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