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Tops News
- Amazon is doubling value of credits for some startups to build on AWS as Microsoft cloud gains ground
- Biden debate flop leads Democrats to call for new nominee — but replacing him is tough to do
- Nike CEO John Donahoe comes under fire as stock sees worst day on record
- New York Times editorial board urges Biden to drop out of presidential race
- JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps
- Student loan payments go on pause for millions of borrowers
- Supreme Court rejects bid by former Trump aide Steve Bannon to avoid jail in Jan. 6 contempt case
- DJT shares close down nearly 11% after Biden stumble in Trump presidential debate
- Tech founders are shunning IPOs after extended market lull, survey finds
- Chevron doctrine overturned: Republicans, big business praise Supreme Court decision
Economic Calendar & News
- Canada's economy expands 0.3% in April; another gain seen in May
- U.S. inflation slows as expected in May
- UK economy picks up in early 2024, too late for election boost
- German unemployment rises more than expected in June, labour office says
- South Korea May factory output -1.2% m/m, misses forecast
- Japan May jobless rate unchanged at 2.6%, job availability down
- Tokyo CPI up slightly in June; underlying inflation lags
- Tokyo June core CPI rises 2.1% yr/yr
- Analysis-Bolivia coup fiasco lays bare a divided country in political, economic crisis
- Brazil creates fewer formal jobs than expected in May
Economy
- Financial crimes watchdog removes Turkey from money laundering 'gray list'
- Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
- Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
- There's a big Fed inflation reading coming Friday. Here's what to expect
- Trade feuds aside, Chinese firms are committed to the U.S. market, survey shows
- Fed Governor Bowman says she's still open to raising rates if inflation doesn't improve
- IMF chief says Europe looks like 'an ideas supermarket' for the U.S., calls for further integration
- Bank of England keeps rates at 5.25% in 'finely balanced' decision; traders lift bets for August cut
- Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
- These groups help people of color and the LGBTQ+ community find a ‘radically inclusive space’ in the outdoors
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Market Commentary – December 9, 2016
The U.S. stock market closed at all-time highs on Friday, as investors continue to be optimistic about the prospect of the U.S. economy under the incoming president. The Dow Jones industrial average was up 142.04 points (0.72%) to close 19,756.85 with … Continue reading →