Gabrielle Hughes

Journalist & Content Operations Coordinator

RV Blog

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U.S. retail spending rising above pre-pandemic levels, Rent the Runway closing physical locations, and more.

With no stimulus bill passed, U.S. Congressional lawmakers have wrapped negotiations, ending in a stalemate. President Trump issued executive orders over the weekend to extend aid—but who and what will be hurting in the mean time?

Trump is now targeting both WeChat and TikTok, the US jobs report for July is out, and the Fed’s Main Street was labeled as a “failure.”

Microsoft eyeing TikTok’s global business, US initial jobless claims falling, and the slow crawl toward a new fiscal coronavirus support bill.

Whether remote work will continue to be favored, CDC issues a statement on reopening schools, and Trump cancelling the Republican convention in Florida.

On Monday, the state of Kentucky, seeking “compensatory and punitive damages,” sued hedge funds Blackstone and KKR & Co. Inc.

It seems now that all of Capitol Hill is finally embracing the fact that the virus will not be slowing down any time soon and that they need to implement policies that demonstrate substantial strength in their response to the pandemic.

Here are today’s biggest headlines: Georgia’s treatment of its coronavirus data, executives warning of an imminent slowdown, and Mnuchin’s new suggestion about PPP loan forgiveness.

Critical Market Context for the Week Ahead. There doesn’t seem to be a time in recent memory where Wall Street and Main Street have been so estranged from the other.

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