Headlines
- Republican National Convention: Trump’s Security Measures Under Review
- Goldman Sachs: Corporate Takeovers Boost Net Income
- BlackRock: Investors Eye Record-Breaking Assets Under Management
- Fedspeak: Jay Powell Discusses Interest Rate Cuts
News Briefs
The Republican National Convention is set to kick off, with a focus on security measures after a recent assassination attempt against Donald Trump. President Joe Biden has directed the US Secret Service to review all security protocols for the event, which will attract thousands of delegates from every US state and territory. One of the key issues still to be resolved is who Trump will select as his running mate. Possible contenders include Republican senator and venture capitalist JD Vance, North Dakota governor Doug Burgum, and Florida senator Marco Rubio.
Economy
Goldman Sachs is expected to report a boost in net income due to a resurgence in corporate takeover activity and debt offerings. Rivals Citigroup and JPMorgan Chase have already reported a significant increase in investment banking fees, with a 50% jump from last year. This growth is attributed to a recovery in dealmaking activity.
Investing
BlackRock, the world’s largest asset manager, is set to report its quarterly earnings. Investors will be watching to see if the company sets another global record for assets under management, which currently stands at $10.5 trillion. Additionally, investors will be interested in whether BlackRock’s net inflows will show signs of a long-awaited rotation into bonds and bond funds. The company has also been focusing on active exchange-traded funds, and investors will be eager to hear an update on this initiative.
Fedspeak
Federal Reserve Chair Jay Powell will be in conversation with the chair of the Economic Club of Washington, DC. Last week, Powell told lawmakers that the central bank is still looking for further "good data" before deciding when to cut interest rates.
Conclusion
In conclusion, this week’s news highlights the importance of security measures, economic growth, and investing strategies. The Republican National Convention is set to kick off, with a focus on security protocols and the selection of Trump’s running mate. Goldman Sachs is expected to report a boost in net income due to corporate takeover activity and debt offerings. BlackRock will be reporting its quarterly earnings, with investors watching for signs of a rotation into bonds and bond funds. Finally, Federal Reserve Chair Jay Powell will be discussing interest rate cuts with the Economic Club of Washington, DC.
FAQs
Q: What is the Republican National Convention?
A: The Republican National Convention is a multi-day event where the Republican Party selects its nominees for the presidential election.
Q: Who is Trump’s running mate?
A: Trump has not yet announced his running mate, but possible contenders include Republican senator and venture capitalist JD Vance, North Dakota governor Doug Burgum, and Florida senator Marco Rubio.
Q: What is Goldman Sachs’ net income expected to be?
A: Goldman Sachs is expected to report a boost in net income due to a resurgence in corporate takeover activity and debt offerings.
Q: What is BlackRock’s assets under management?
A: BlackRock’s assets under management currently stand at $10.5 trillion.
Q: What is the Federal Reserve’s stance on interest rate cuts?
A: Federal Reserve Chair Jay Powell has stated that the central bank is still looking for further "good data" before deciding when to cut interest rates.
Q: What is the Economic Club of Washington, DC?
A: The Economic Club of Washington, DC is a non-profit organization that hosts events and discussions on economic issues.
Q: What is Fedspeak?
A: Fedspeak refers to the language and terminology used by the Federal Reserve to communicate its monetary policy decisions and economic outlook.
Author: www.ft.com
Orginal Source link