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Financial news for the week of August 14th, 2020

Financial News for the Week of August 14, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Markets were in a good mood overall this week, despite no deal in Congress on the next round of assistance. The big political news was Biden’s historic VP pick. With 81 days until the election, the race is on!…


Financial News for the week of August 7, 2020

Financial News for the Week of August 7, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Despite a surge in COVID-19 cases in July, economic data remained broadly positive. Vehicles sales rose 11.3% to a better-than-expected 14.5 million (SAAR). The ISM indices also ticked up on the month and beat…


Financial News for the week of July 31, 2020

Financial News for the Week of July 31, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Real GDP fell by an historic 9.6% in the second quarter (32.9% annualized), led by declines in spending on services as the economy locked down in March and April. The fall was deep but short. Spending rebounded…


Financial news for the week of July 24, 2020

Financial News for the Week of July 24, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A tug of war between encouraging vaccine news and hopes of new economic stimulus, and early indications that the recovery might be stalling, is fueling financial market volatility. Jobless claims rose to 1.42…


Financial news for the week of July 17, 2020

Financial News for the Week of July 17, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Despite the continued surge in new infections in the U.S., financial markets were on the upswing this week on positive economic data and encouraging news on a vaccine. Internationally, the Chinese economy…


Financial News for the Week of January 24, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Markets were focused on the progress of the new coronavirus in China, with few economic headlines in the U.S.. It is still early days, but it is likely the important efforts to contain the disease will crimp…


Financial news for the week of January 10, 2020

Financial News for the Week of January 10, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. economy continued to churn out jobs at a solid pace. Non-farm employment grew by 1.6% over 2019, marking only a slight deceleration from the 1.7% recorded in 2018. The services side of the economy also…


Financial news for the week of January 3, 2020

Financial News for the Week of January 3, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK It was a relatively light week on economic data. The merchandise trade deficit narrowed in November, suggesting some upside risk to real GDP growth in the fourth quarter. Still, activity in the manufacturing…


Financial news for the week of December 20, 2019

Financial News for the Week of December 20, 2019

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The House’s impeachment of President Trump did little to detract from broader economic optimism. U.S. equity markets reached new highs this week. Housing and consumer spending data released this week confirmed…


Financial news for the week of December 13, 2019

Financial News for the Week of December 13, 2019

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. and China reached a partial trade deal. The U.S. will reduce tariffs from 15% to 7.5% on $120 billion of Chinese imports and cancel the tariffs that were to be imposed on December 15th. In exchange,…