September trading lives up to its billing and then some. Stocks were emerging on Monday on a bullish trend that now threatens to push the US equity benchmark into a rally that could set the stage for the September biggest sell-off for the biggest equity gauge of the year. Broad-Market …
Read More »BTS admits their new album is ‘slightly different’ from ‘Dynamite’
BTS Rising with their English-language single, “Dynamite”, was a disco-influenced sonic agenda, but the K-P Pop group’s album will move in a different direction. Together with their performances at the 2020 iHeartRadio Music Festival, R.M., Jin, Suga, J-Hope, Jimin, V., And Jungkuk Sat down for an interview with KIIS FM …
Read More »The Fed’s Kashkari said the fugitive inflation warning was just “ghost stories”
Minneapolis Federal Reserve President Neil Kashkari said on Friday that the U.S. Warnings that inflation will rise are not supported by any evidence and are tantamount to ‘ghost stories’. Kashkari said in an essay posted on his regional bank’s website that the debate, which has been going on since 2008, …
Read More »Initial job claims have dropped from 1,000,000 to 1,881,000, but leave the statistical system unchanged.
Digits: New applications for unemployment benefits fell sharply last week to an epidemic low, but the overall decline was a big change in how data is reported rather than finding more people in jobs. No progress has been made in the absence of change in the labor market. Initial job …
Read More »Apple and Amazon dominate an economy ‘without mouths or noses’, but 10% of jobs will never return, says strategist
That was a great performance for America’s tech giants. Google parent Alphabet GOOG, + 0.62% It beat earnings and revenue expectations, though the search giant’s annual revenue fell. What the four benefit from is that their products and services can be used from home, and increasingly in the absence of …
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