Markets Week Ahead: Dow, EUR/USD, Oil, Fed Symposium, PMIs, Delta Markets faced a broad risk-off tone last week with sentiment deteriorating further due to global growth concerns and the delta variant of covid. The Dow and EUR/USD eye the Fed symposium on tap.
The Fed’s Jackson Hole meeting and a key inflation reading: What’s coming this week. The Federal Reserve’s annual economic symposium will be held virtually. Jerome H. Powell will speak on Friday and is expected to reveal details about how and when the central bank intends to wind down its bond-buying.
Horton Hears a Boom America’s largest home builder can capitalize on the most promising part of a thriving market.
Bitcoin (BTC) Breaks Above $50k, Cardano (ADA) Hits Another Record High Bitcoin cracks $50k, Cardano hits another all-time high, while Ethereum nears $3,500 as cryptocurrencies enjoy a bullish weekend.
Horton Hears a Boom America’s largest home builder can capitalize on the most promising part of a thriving market.
Chevron Requires Some Employees to Receive Vaccine The oil giant has begun requiring some workers to receive vaccinations and is considering broader requirements as the virus infects workers in the Gulf of Mexico and Permian Basin.
Strong expansion in eurozone business activity boosts hiring Growth in services sector but supply chain disruption holds back manufacturing and drives up costs
UK recovery slows as staff shortages plague firms August has seen an "abnormally large slowdown" in economic activity, says a closely watched survey.
Bitcoin, Pfizer, Uber, GM: What to Watch When the Stock Market Opens Today The cryptocurrency was back above $50,000; Pfizer shares are up ahead of an expected full approval of its Covid-19 jab.
Boeing Plans Investment in Virgin Orbit's $3.2 Billion SPAC Listing Boeing has committed to invest in Richard Branson’s Virgin Orbit as part of the satellite-launching startup’s planned listing later this year, according to a person familiar with the matter.
Get in on the Ground Floor With Herbalife Brawling billionaires have walked away from the nutrition company, but there is a bargain waiting here for ordinary investors.
After a Pandemic Pet Boom, Investors Should Fear Abandonment Trupanion may be one of those stocks in line for a difficult post-pandemic adjustment as the pet craze abates.
Michael Heller and James Salzman on Mine! Law professors Michael Heller and James Salzman talk about their book, Mine! with EconTalk host Russ Roberts. Heller and Salzman argue that ownership is trickier and more complicated than it looks.
FX option expiries for 23 August 10am New York cut A look at what is on the board for today Nothing significant on the board for today, so price action is very much sticking to the start-of-the-week sentiment i.e.
Bundesbank says virus resurgence may put unexpected strain on the economy in autumn Bundesbank remarks in its latest monthly report
UK August CBI trends total orders 18 vs 17 prior Latest data released by CBI - 23 August 2021 CBI also notes that there are early signs from the data that suggests that growth in activity may have already peaked, reaffirming the tones set out by the PMI data.
We Fought the Afghan War and We Surrendered? The incipit of an article by Danielle Pletka of the Competitive Enterprise Institute on the Afghan debacle (“Having Won, We Chose to Lose” (Wall Street Journal, August 21, 2021) reads:
50th Anniversary of Powell Memorandum: Neoliberalism Has Wrecked Its Hosts Commemorating a desructive anniversary, that of the Powell memo that set forth how big business would wage war against ordinary citizens.
CalPERS Officially a Laughingstock Around the World: London Newsletter Sniggers Over Failed Chief Investment Officer Search Even While Omitting or Getting Worst Facts Wrong Even commentary meant to be hard on CalPERS manages to understate how bad things are.
Amazon: Regrowing Forests Have Offset Less Than 10% of Carbon Emissions from Deforestation Unless drastic changes are made to halt deforestation and encourage forests to regrow, the Amazon cannot fulfil its potential to mitigate climate change.
The Fed’s Jackson Hole meeting and a key inflation reading: What’s coming this week. The Federal Reserve’s annual economic symposium will be held virtually. Jerome H. Powell will speak on Friday and is expected to reveal details about how and when the central bank intends to wind down its bond-buying.Jerome H.
CAD/JPY rises back from the dead What a turnaround in CAD/JPY sentiment The pair seemed like it was doomed in Friday trading in Europe but produced a remarkable turnaround into the close to stave off a daily break below the 21 April and 19 July lows at 85.42, ending last week at 85.57; the low hit 84.67 mind you.
Iron-Ore Prices Tank as China's Steel Output Slows The decline is taking Wall Street by surprise after iron ore’s spring run to record highs.
New Appetite for Mortgage Bonds That Sidestep Fannie and Freddie Wall Street firms are again packaging and selling mortgages that the government-backed firms can’t or won’t back.