Thursday, August 27, 2020

Friday's News Links

[CNBC] Stocks rise to end the week as Dow tries to erase losses for 2020

[Reuters] Yen surges as Japan's Abe quits, stocks mixed after Fed shift

[Yahoo/Bloomberg] Gold Rebounds on Weaker Dollar as Investors Weigh Fed’s Approach

[Reuters] Dollar buoyed by yields surge jump after Fed's inflation shift

[Reuters] U.S. consumer spending beats expectations in July

[Reuters] Powell's white-collar world led to Fed pivot for blue-collar jobs

[Reuters] Levitating stocks unlikely to help Fed's economic equality efforts

[Reuters] Fed's Kaplan says central bank needs to be conscious of financial stability risks

[Reuters] Banks eye layoffs as short-term crisis ends, long-term costs emerge

[CNBC] Democrats and White House are at a ‘tragic impasse’ on coronavirus stimulus after Pelosi-Meadows call

[AP] Japan PM Shinzo Abe says he’s resigning for health reasons

[Reuters] What's next after Japan PM Abe quits? Potential successors?

[MarketWatch] Options bets that the stock market will continue to soar have exploded to dot-com bubble levels

[Reuters] Brazil central bank to transfer 325 bln reais to Treasury to ease debt, liquidity strains

[Bloomberg] Volatility Markets Brace for Election Drama Like Never Before

[WSJ] After Unrest, Small Businesses Wrestle With Plywood Storefronts

[WSJ] The Coronavirus Pandemic Is Making College Students Question the Price of Their Education

[FT] Dollar slides as bond market signals rising inflation angst

[FT] Fed inflation shift raises questions about past rate rises