Xi Jinping Faces Protests, Doge Tops 10 Cents, Elon Musk’s ‘Alternative Phone’ And More: 5 Key Stories You May Have Missed From The Weekend
Developments in COVID-19-hit China and activity in the cryptocurrency space provided some life to the otherwise light activity during the long weekend due to the Thanksgiving holiday. Here’s a recap of a few major headlines that hit the wire over the weekend:
US Stocks Head For Rough Start To Week As China Protests Become International Concern — Tesla, Apple, Oil Stocks Slump Premarket
The U.S. index futures are pointing to a lower start for Wall Street stocks on Monday, as the upward momentum built over the last week falters amid geopolitical tensions.
Peter Schiff Points To Disney World Wrist Bands: ‘Many Price Increases Never Make It’ Into Official Inflation
Peter Schiff, chief economist and global strategist at Euro Pacific Capital, has highlighted the effects of inflation using an ‘entertaining’ example.
US Stocks Fight Hard To Sustain Upward Momentum In Friday’s Truncated Session — Bond Yields, Tesla, Energy Stocks In Focus
U.S. stocks may return to their defensive ways after a dovish Federal Open Market Committee meeting sparked a rally in the previous session. The index futures are pointing to a modestly higher opening on Friday.
Slower Interest Rate Hikes Will ‘Likely Soon Be Appropriate’: Fed Minutes
Inflation remains the central bank's top priority, according to the November meeting minutes released Wednesday by the Federal Open Market Committee.