Yesterday, the S&P hit a record-breaking closing high of 3,389.78. At least for now, this new high has held up, trading slightly above yesterday’s close.

Yesterday, the Democratic National Convention kicked off and will run through this Thursday, where the Democratic Party will formally nominate Joe Biden and Kamala Harris as president and vice president for this election.

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

Today, initial jobless claims have dropped below 1 million to 963,000, seasonally adjusted for the week ending August 8. This is the first time that initial jobless claims fell below the one million level since the beginning of the pandemic in March.

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?

Warren Buffett’s Berkshire Hathaway bought $5 billion of its own stock in Q2 – and yet it was a net seller of equities by $13 billion. What gives?

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.”

Initial claims data and the plummeting of the Turkish Lira as the Central Bank of Turkey withdraws key liquidity measures.

The latest week’s initial unemployment claims figures came out today. And they show claims have plummeted from their highest levels three weeks ago. I take this as a signal that the second wave of viral infections is not leading to a second large wave of layoffs. The seasonally-adjusted initial claims figure came in at 1.186 […]