U.S. Consumer Confidence Index falls in October 2020
The U.S. Consumer Confidence Index in October was 100.9, down from September’s 101.3 and below expected 102.0, according to the CEIC press release. The fall in consumer confidence reflects low…
Trump and Biden: Remarks on Final Presidential Debate
The U.S. final presidential debate held in Nashville, Tennessee on Thursday evening saw Trump and Biden raise key points to woe undecided American voters, according to Reuters. Here are the…
U.S. Initial Jobless Claims Decrease in October 2020
U.S. initial jobless claims in the week ending October 17 were 787,000, a decline of 55,000 from the previous week’s revised level and down from expected 870,000, according to a…
Will Moderna, AstraZeneca, Pfizer, or others Succeed? Vaccine Complacency could Affect Market Sentiment
Traders are worried that complacency over the coronavirus vaccine could affect markets, according to CNBC. Five vaccines, from Moderna, AstraZeneca, Pfizer, Johnson & Johnson, and Novavax are in phase 3…
Election Top Stories: Trump Paid Taxes… in China
Donald Trump paid $200,000 in taxes to China between 2013 and 2015 but remitted no personal income tax to the Internal Revenue Service (IRS) in 10 of the 15 years…
Investment Bankers’ New Pitch Is on Fear of Democratic Tax Hike
U.S. investment bankers are keen to close lucrative deals from corporate owners selling their entities in anticipation of tax hikes if Joe Biden wins the November 3 election, according to…
Biden Enters Last Election Phase with $114 million More Spending over Trump
Joe Biden entered the October phase of the election campaign with almost three times cash burning “edge” over Trump, according to Bloomberg. Biden is splurging on advertising, trying to take…
U.S. September Advance Retail Sales Rises Above Expectations
Advance estimates of U.S. retail and food services sales for September were $549.3 billion, a 1.9% increase from the previous month, and 5.4% above September 2019, according to press release.…
Relief Package Stalemate as Trump says He would go past $1.8 Trillion
President Donald Trump supports COVID-19 relief package above $1.8 and blames House Speaker Nancy Pelosi for delaying the deal, according to Bloomberg. Trump says Pelosi wants to delay the deal…
U.S. Initial Jobless Claims Rises Above Expectations
U.S. jobless claims for the week ending October 10 were 898,000, a 53,000 increase from previous week's revised level, according to press release. Weekly jobless claims higher than expected 825,000.…
Debate between Vice President Pence and Harris. Highlights
The presidential debate between Vice President Mike Pence and Senator Kamala Harris was quieter, clearer, and disciplined than the previous Trump and Biden encounter, according to CNBC. The debate began…
Trump Changes Course on Relief Talks, Supports $1,200 Coronavirus Stimulus Checks
President Donald Trump urged Congress to approve coronavirus relief checks, including a new $1,200 stimulus for Americans, according to CNBC. Trump had halted talks with top Democrats and Republicans until…