We have geopolitical tensions to add to a plate of investor concern filled with COVID-19 concerns. However, US stocks point to a rally for Tuesday, after a slow start to the week. Our call of the day from Nordea’s chief macro strategist, Sebastien Galy, says it’s time to be more …
Read More »US budget deficit hits record high of $ 864 billion in June
Treasury Secretary Steve Mnuchin with the national debt signage in the background. Tom Williams | CQ Roll Call | fake pictures The federal government incurred the largest monthly budget deficit in history in June, as spending on programs to combat the coronavirus recession exploded as millions of job losses reduced …
Read More »This strategist says investors are in the ‘fantasy forest’ when it comes to growth stocks
We have geopolitical tensions to add to a plate of investor concern filled with COVID-19 concerns. However, US stocks point to a rally for Tuesday, after a slow start to the week. Our call of the day from Nordea’s chief macro strategist, Sebastien Galy, says it’s time to be more …
Read More »UK says it will phase out Huawei from 5G networks in a major makeover
The logo of the Chinese company Huawei at its UK headquarters in Reading, west London, on January 28, 2020. Daniel Leal-Olivas | AFP via Getty Images The UK has announced that it will ban Huawei from its 5G networks, in a significant government twist that could significantly affect relations with …
Read More »3M and MIT researchers will develop a rapid diagnostic test for coronavirus
3M and researchers from the Massachusetts Institute of Technology announced a partnership Tuesday to develop a rapid test for a coronavirus antigen that they say will be widely available in the U.S. With new Covid-19 cases across much of the country, major testing manufacturers and labs have warned of processing …
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