Highlight of the Week
Fed may hint this week for rate cuts as soon as July
- Job growth slowed in May and trade continues to headline, including U.S. – China trade negotiations at the end of the month
- Question as to how effective lowering interest rates can be given both the absolute level of rates and the dynamics of the economy
Rate Curves
Rapid Report:
Fiverr Goes Public
Freelance market place Fiverr enjoyed a good first day on the New York Stock Exchange. Fiverr is one of the most well-known companies facilitating the gig- economy – freelancing is increasing 3.5% per year and some 70% of millennial and Gen Z managers have employees working primarily remotely
Facebook’s new cryptocurrency gains big backers
- Libra, set to allow consumers to make payments on Facebook and online, gained support of big names like Visa, Mastercard, and Uber
- The cryptocurrency network has been organized separately – giving Facebook cover for any downfalls amid privacy scandals
Champs
- Hockey: The St. Louis Blues claimed the Stanley Cup defeating the Boston Bruins
- Basketball: The Toronto Raptors crowned NBA Champs after dethroning the Golden State Warriors
- Golf: Gary Woodland held off Brooks Koepka to win the U.S. Open at Pebble Beach
