Month: October 2021
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 Care Act program at the Kaiser Family Foundation. (The federal assistance helps reduce health insurance …
Here are the 3 big ways Democrats’ social plan would expand health coverageRead More
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 chain and surging energy prices when he meets this weekend with fellow leaders of the …
Biden to discuss intensifying supply chain challenges with G-20 leadersRead More
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 also dragged down Sterling, as both were sold off against Swiss Franc. Australian Dollar ended …
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 on a positive note, including strong new home sales growth, the first gain in consumer …
Weekly Economic & Financial Commentary: Taper the PaperRead More
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 relief for congested supply chains. While third quarter economic growth disappointed, early October data point …
The Weekly Bottom Line: Things Are Slowly Getting Back to NormalRead More
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 they need another month to decide what to do about it. This week, the RBA, …
Week Ahead: The Fed and the BOE Take the Hotseat; OPEC+ and Non-Farm PayrollsRead More
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 quarterly results beat top and bottom line estimates. U.S. Steel reported adjusted earnings of $5.36 …
Stocks making the biggest moves midday: Starbucks, Apple, Amazon, U.S. Steel and moreRead More
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 the coronavirus pandemic. In separate tweets, the head of Pershing Square Holdings, with $13.1 billion …
Bill Ackman calls for the Fed to start raising interest rates ‘as soon as possible’Read More
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 the investment bank’s Marquee digital platform, according to an email obtained by CNBC. The first …
Goldman Sachs is giving hedge fund clients crypto research from data firm The BlockRead More
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 Olson | Getty Images Annual inflation rose at its fastest pace in more than 30 …
Inflation notches a fresh 30-year high as measured by the Fed’s favorite gaugeRead More
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Finance news
 Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More  Fears of a Fed mistake grow as this week’s anticipated interest rate hike loomsJerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic ... Read More |
