Biden says $15 minimum wage won’t survive Covid relief talks, promises to push for pay hike later
President Joe Biden speaks delivers a foreign policy address during a visit to the State Department in Washington, February 4, 2021. Tom Brenner | Reuters President Joe Biden said this weekend that it is unlikely a $15 federal minimum wage...
More bubbles, less shorting. What the GameStop craziness could mean for the future of investing
Tiffany Hagler-Geard | Bloomberg | Getty Images The stock market is known for being unpredictable and volatile, and any sense of normalcy was blown up during the recent GameStop rally. Most of us know the story by now: After discovering...
Dollar Rally Choked by Job Data, Spotlights Turn to Sterling and Aussie
Dollar was in a pole position to end as the strongest major currency. But disappointing non-farm payroll report gave dollar bulls a reality check as the greenback ended mixed, after late selloff. Australian and New Zealand Dollar have indeed closed...
Weekly Economic & Financial Commentary: International Growth Outlook Still Mixed
U.S. Review Better Numbers Nonfarm employment rebounded in January, with employers adding 49,000 jobs following the prior month’s 227,000-job drop. The annual revisions to the prior data provide a more accurate assessment of job losses during last spring’s lockdown, as...
The Weekly Bottom Line: A Cautiously Optimistic Week
U.S. Highlights Economic data released this week was balanced enough to re-ignite optimism in financial markets without calling into question the next fiscal support package. Job market data showed a third consecutive decline in the weekly jobless claims as well...
Forward Guidance: Gradual Easing in Restrictions to Brighten Economic Growth Outlook
Next week will be a quiet week for economic data releases and much of the focus will be centered on reopening plans. Steadily declining COVID case counts across most regions of Canada have already resulted in some easing in containment...
Week Ahead: Is the Focus on Stimulus or Inflation?
Markets were back to their old selves last week, as the short squeeze drama surrounding GME subsided. Joe Biden seems to be off to a good start as US President, as his $1.9 trillion stimulus proposal makes its way through...