Highlight of the Week
Dizzying week for markets
- Rebound after Trump announced tariff delay until Dec 15
- GE accused of accounting fraud, saw stock fall 11% last Thursday
- 30-year treasury hit record low and the 2 to 10-year curve inverted briefly, as investors continued to seek safe haven
Rate Curves
Rapid Report:
Fed to face scrutiny at central bank conference
- Chairman Powell expected to surface clues of next moves
- US economy unsettled by trade dispute and fear or recession, and Fed faces pressure from White house as global banks continue cutting rates
- Fed continues to make big policy decisions with great caution, testing an impatient President Trump
Jennifer Lopez and Alex Rodriguez invest in fintech firm Acorns
- Savings app intends to compete as bank alternative and reach 100m customers
- Acorns and numerous other fintech startups have raised billions in venture capital, but will continue to struggle to reach customers due to a lack of product differentiation
- Most of Acorns revenue comes from $1-3 fees charged on savings and investment accounts, but they do not charge overdraft or punitive fees
Georgia Tech Golfer wins US Amateur
- GT senior Andy Ogletree joins Matt Kuchar and Bobby Jones (5x) as past GT champions