CNBC’s Jim Cramer said that Powell basically signaled, „‚Hey guys, just go. Go get the economy back. I am not going to get in the way of it.'“
NYSE gets approval for cheaper IPO alternative for companies amid SPAC boom
The SEC approved a new type of direct listing where companies can simultaneously go public and raise cash from public market investors.
Jared Kushner praises Powell, says Fed chief ’stepped up to the plate‘ during coronavirus crisis
Fed Chairman Jerome Powell has „done a lot of the right things to make sure that the market was able to get through the crisis,“ the senior Trump advisor told CNBC on Thursday.
Powell announces new Fed approach to inflation that could keep rates lower for longer
The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.
Klarna, Europe’s $5.5 billion fintech, sees losses rise sevenfold in the first half
Klarna is mostly known for its „buy now, pay later“ scheme that offers shoppers interest-free financing over a period of installments.
NYSE gets approval for cheaper IPO alternative for companies amid SPAC boom
The SEC approved a new type of direct listing where companies can simultaneously go public and raise cash from public market investors.
Stocks making the biggest moves in the premarket: Tiffany, Abercrombie & Fitch, Abbott Labs & more
The stocks making the biggest moves in premarket trading include Tiffany, Abercrombie & Fitch, Abbott Labs, and more.
Tiffany beats profit estimates, signals recovery after pandemic blow
The U.S. jeweler said worldwide sales in August so far were slightly higher than a year earlier, as the rebound in second-quarter revenues in China extended into the current quarter.
ForexLive European FX news wrap: All eyes on Powell
Forex news from the European trading session – 27 August 2020
Headlines:
Markets:
– AUD leads, CHF lags on the day
– European equities a little lower; E-minis down 0.3%
Headlines:
Markets:
– AUD leads, CHF lags on the day
– European equities a little lower; E-minis down 0.3%
China’s customs reportedly halts beef imports from Australia’s John Dee
China says that there were ‚prohibited drugs‘ found in the beef from John Dee imports
The latest move above adds to earlier duties on barley and other beef products from before, and also the anti-dumping probe on Australian wine last week .
The latest move above adds to earlier duties on barley and other beef products from before, and also the anti-dumping probe on Australian wine last week .