The late 1980s was a great time for hair bands and parachute pants. For much of the decade, it was also great for stock markets around the world. That all changed on October 19, 1987.
‘When you say ‘may’ you’re giving the president a slush fund,’ Pelosi said. The language used in the stimulus package is one of the areas that is keeping her from signing off on it as it stands, she said.
EY missed red flags or failed to aggressively pursue them at some of the companies ahead of their scandals, and for the most part it was outsiders who raised questions first, a review based on publicly available documents and interviews with people close to the events shows. Now, regulators are scrutinizing EY’s work.
The Trump administration this week promoted a theory that calls for people at low risk of contracting COVID-19 to return to schools, sports, and the workplace, though officials have denied they are putting their support behind the increasingly controversial concept of herd immunity.
Bulls are convinced the American consumer — and the stock market — are going to be fine, even if politicians fail to approve another round of fiscal stimulus before next month’s elections. But some economists see consumption taking a big hit after a robust third quarter.
Chinese government officials are warning their American counterparts they may detain U.S. nationals in China in response to the Justice Department’s prosecution of Chinese military-affiliated scholars, according to people familiar with the matter.
Ray Dalio, founder of the massive Bridgewater Associates investment firm, has been railing against cash all year long, and he doubled down on his stance on Wednesday, telling CNBC that, even amid all the stock market turmoil, it’s “not a safe investment.”
The 2020 presidential election between Donald Trump and former Vice President Joe Biden is just twenty days away. For Democratic challenger Joe Biden, his chances of winning the presidency have never been better, according to the U.K. exchange Betfair.
Bulls are convinced the American consumer — and the stock market — are going to be fine, even if politicians fail to approve another round of fiscal stimulus before next month’s elections. But some economists see consumption taking a big hit after a robust third quarter.
Wall Street won’t have Ted Aronson to kick around anymore. After a punishing stretch for the investment fund that he helped start nearly four decades ago, AJO Partners, with offices in Philadelphia and Boston, is calling it quits.
Tesla Inc. reports third-quarter earnings after the bell Wednesday, with Wall Street hoping for a fifth straight quarterly profit for the Silicon Valley electric-car maker.