So is investment pressure on corporations. In the past week, Exxon Mobil was targeted by activist investors, as well as CalSTRS, one of the nation’s largest pension funds. «We’ve been talking about this for 20 years and some of the changes we saw this week were unlike anything we’ve seen […]
KEY POINTS Boston Fed President Eric Rosengren said years of low interest rates that encouraged risk-taking are making the current economic downturn worse. He specifically cited “low rates persisting for an extended period even after the economy has made progress in the recovery” that can create problems. Years of low […]
Consumer prices excluding food and energy rose the most in one month in nearly 30 years in July, but the unexpected increase is seen more as a recovery from the Covid-19 recessionary hit rather than the start of an inflationary spiral. Core inflation, less food and energy, was up 0.6%, […]
KEY POINTS The range of outcomes for the economy in the second half is incredibly wide: JPMorgan Chase sees no fewer than five different paths it can take. The bank has gotten more pessimistic, seeing unemployment in its default “base” scenario hitting nearly 11% by the end of this year, […]
Can history help handicap where markets head from here after the extraordinary path stocks have taken so far this year? The violence and velocity of the crash-and-surge moves in the major indexes has placed this market in rare company, with relatively few precedents to mine for hints of what has […]
KEY POINTS The flu remains a higher threat to U.S. public health than the new coronavirus. This flu season alone has sickened at least 19 million across the U.S. and led to 10,000 deaths and 180,000 hospitalizations. Roughly a dozen cases of the deadly coronavirus have been identified in the […]
Certainly, it is understood that the budget deficit or public deficit describes the situation in which the expenses incurred by the State exceed non-financial income, in a given period, usually one year. Likewise, when talking about a public deficit, reference is being made to the deficit of all public administrations […]
Michael Burry is one of the first investors to call and benefit from the high-risk mortgage crisis, is seeing a similar bubble in passive investment, according to Bloomberg News. In addition, Burry is an American doctor, former neurologist, and hedge fund manager. He was the founder of the Scion Capital […]
KEY POINTS In a slide deck shown to investors, WeWork said it lost $1.25 billion on revenue of $934 million. Occupancy decreased to 79% as the company added a record 115,000 desks. The company is currently paring back non-core businesses as it focuses on sustainable business practices rather than rapid […]
The F-35 that was built by Lockheed Martin and many subcontractors, including Northrop Grumman, Pratt & Whitney and BAE Systems and now are causing a stir. And it is already well known that on Thursday, the head of the Defense Industries Presidency (SSB) indicated that the cost of F-35 aircraft […]