[NFA] Republican Senators Lisa Murkowski of Alaska and Susan Collins of Maine broke ranks with President Donald Trump on his plan to swiftly hold a Senate vote on a potential successor to late Supreme Court Justice Ruth Bader Ginsburg. Lisa Bernhard produced this report.
[NFA] New U.S. Postmaster General Louis DeJoy has agreed to testify before a U.S. House panel investigating whether service changes adopted in recent weeks have slowed mail deliveries, the committee said on Monday. This report produced by Yahaira Jacquez.
[NFA] U.S. President Donald Trump on Wednesday told his supporters in Texas that his administration "ended" an Obama-era rule intended to combat discriminatory housing practices and segregation in suburbs. Gavino Garay has more.
On Tuesday, Wells Fargo said stock markets should prepare for volatility to balloon after Election Day. Wells Fargo head of rates strategy Michael Schumacher told CNBC's Trading Nation that options are showing greater volatility. "The big takeaway is three month options vol is still quite high, and it has not really come down." According to Business Insider Schumacher thinks investors will flock to US Treasuries due to greater volatility. The US-10 year yield may fall to 0.40% from around 0.68%.
In 1996, US Federal Reserve chairman Alan Greenspan famously warned of an 'irrational exuberance' in financial markets. Now, Business Insider reports Greenspan has spoken about his sense of economic foreboding once more. Greenspan told CNBC on Thursday that inflation, the coronavirus, and budget deficits are the critical issues the US is facing right now.
According to a Piper Sandler senior technical research analyst the S&P 500 will continue to gain following its record high on Tuesday. The S&P 500 was up 0.2% to 3,396.5 in Wednesday morning trading. It has gained 4.92% year-to-date through Tuesday's close. The analyst, Craig Johnson told CNBC that charts of lumber, oil, and industrial metals show that the economy is improving.
A prominent Wall Street strategist told CNBC the stock market may see a "wartime boom" next year following the US economy's "depression-like collapse." Jim Paulsen is one of a hand full of economists who have predicted US GDP could rebound strongly in the first quarter next year. Paulson said companies have cut down on costs and increase efficiencies to survive the collapse. "A lot of that boom will fall to the bottom line in a bigger way than people currently expect," Paulsen said.
CNBC reports that gold prices could reach $4,000, the CEO of US Global Investors told CNBC Monday. Frank Holmes said: "It's quite easy to see gold going to $4,000." CEO of US Global Investors. Holmes believes rising monetary stimulus is the main reason gold prices can soar to that level. Business Insider reports that Gold broke $2,000 the first time last week, on expectations of a US stimulus bill.
Last week, a federal judge issued an injunction requiring the US Postal Service to reverse changes made by Postmaster General Louis DeJoy. The judge called the changes an 'an intentional effort' by President Donald Trump and DeJoy to disrupt and challenge the legitimacy of upcoming elections. But according to Business Insider, the USPS claimed in a court filing Wednesday, 'no can do.
A new report reveals two-thirds of imported respirator masks from China into the US failed to meet safety standards. According to Business Insider, the report was produced by ECRI, an independent nonprofit organization that monitors the safety and quality of healthcare equipment. After testing nearly 200 KN95 masks from 15 different manufacturers, ECRI found a significant majority filtered out fewer than 95 percent of particles.
Sen. Rand Paul, R-Ky. and Dr. Anthony Fauci went head to head on Capitol Hill on Wednesday about the issue of 'herd immunity' and the COVID-19 pandemic. Business Insider reports that Paul argued that the 210,000 Americans who have died from the novel coronavirus had nothing to do with public health. Instead, Business Insider reports he argued that the same number of Americans would've died of COVID-19 even if states hadn't enforced any shutdown measures.
Hi! Welcome to the Insider Advertising daily for September 22. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected] Today's news: Walmart and Instacart chip away at Amazon's ad dominance, Quibi mulls a sale, and Suzy raises $34 million.
With record low-interest mortgage rates and a collective pandemic-driven desire to get out of town, many people are seriously considering buying a second home. According to Business Insider, financial planners say there are three things that potential buyers should think about before taking the plunge. Business Insider reports that first, you need to have your own financial house in order. Be on track for retirement, and have absolutely zero high-interest debt.