1st Public Human Spaceflight Company Now Trading on NYSE
Virgin Galactic just became the first and only publicly listed human spaceflight company. You’ll find it trading on the New York Stock Exchange, under the ticker SPCE. The company is partnering with Land Rover, Under Armor and Boeing, and says it has 600 Future Astronaut customers from 60 countries.
Growth Skids to Near 30-year Low in China
Q3 2019 economic growth slowed to its weakest pace in almost three decades in China as the trade war slammed factory production. U.S. tariffs on $7.5 billion of European goods also take effect.
Fed Starts Balance Sheet Expansion
The Federal Reserve began buying bonds and plans to buy $60 billion a month in short-dated Treasury debt for the next three quarters. Fed Chair Powell emphasized that the move was not the start of a new round of QE.
Volatility Strikes Markets in Q4 Kickoff
The broader equity markets are off to a volatile start amid uncertainty over the U.S.- China trade war and slowing global economic growth. The October Federal Reserve meeting and earnings season are anticipated.
Goldman Sachs: We're Not Close to a Recession
Weak manufacturing data has reignited recession fears for some investors, but Goldman Sachs thinks data could start to stabilize, if not improve, somewhat soon. Chief Global Equity Strategist Peter Oppenheimer just published a note on why he thinks this extremely long economic cycle stretch on and get even longer.
US Jobs Data Maintains Fed Rate Cut Hopes
The September jobs report managed to strike a balance between positive economic growth and expectations of another interest rate cut by the Federal Reserve.