Here are the 3 big ways Democrats’ social plan would expand health coverage
President Joe Biden on Oct. 29, 2021 in Rome, Italy. Antonio Masiello | Getty Images News | Getty Images Insurance subsidies The measure would expand subsidies for health insurance in two ways, according to Cynthia Cox, director of the Affordable...
Biden to discuss intensifying supply chain challenges with G-20 leaders
A cargo ship moves under the Bayonne Bridge as it heads into port on October 13, 2021 in Bayonne, New Jersey. Spencer Platt | Getty Images WASHINGTON – President Joe Biden is expected to spotlight disruptions in the global supply...
Euro Selloff to Continue, At Least in Some Crosses
Euro ended as the worst performing one after the post ECB rally faded quickly. It’s clear that ECB would lag behind other major central banks in stopping to add stimulus, not to mention raising interest rate. The selloff in Euro...
Weekly Economic & Financial Commentary: Taper the Paper
Summary United States: Supply and Demand Tug of War Is at the Forefront After a Mixed Week of Data Lingering supply chain issues, rising prices and still-strong consumer demand continues to make its way into economic data. The week began...
The Weekly Bottom Line: Things Are Slowly Getting Back to Normal
U.S. Highlights GDP growth slowed to 2.0% quarter-over-quarter (annualized) in the third quarter of this year, down from 6.7% in the second quarter. The shift in the composition of consumer spending away from goods and into services signals some long-awaited...
Week Ahead: The Fed and the BOE Take the Hotseat; OPEC+ and Non-Farm Payrolls
Last week, central banks and earnings were all the rage. The Bank of Canada surprised that markets by ending its QE program and moving forward its forecast for interest rate increases. The ECB told markets that inflation is everywhere, but...
Stocks making the biggest moves midday: Starbucks, Apple, Amazon, U.S. Steel and more
Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — Shares of U.S. Steel gained more than 12,9% as the company’s...
Bill Ackman calls for the Fed to start raising interest rates ‘as soon as possible’
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman called Friday for the Federal Reserve to begin reining in the support it has provided for the U.S. economy during...
Goldman Sachs is giving hedge fund clients crypto research from data firm The Block
Rafael Henrique | SOPA Images | LightRocket | Getty Images Goldman Sachs has stared giving its institutional trading clients research reports from crypto news and data firm The Block. Hedge funds and other clients began receiving the reports Thursday via...
Inflation notches a fresh 30-year high as measured by the Fed’s favorite gauge
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Inflation rose 5% in the 12-month period ending in May, the biggest jump since August 2008. Food prices rose 2.2 percent for the same period. Scott...
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