Stephen Ross, the Man Behind Hudson Yards, Thinks New York Is Too Expensive — NYT > U.S. > Politics

Stephen Ross, a friend of President Trump, talks about politics, philanthropy and his pet peeve: wastefulness.

Stephen Ross, the Man Behind Hudson Yards, Thinks New York Is Too Expensive — NYT > U.S. > Politics

Gold dips as investors await Powell’s speech — Financial Post

Gold fell on Thursday as investors reassessed their positions, booked profits after a more than 1% jump in the prior session and anticipated fresh stimulus announcements from the U.S. Federal Reserve Chairman could spur an economic revival. Read More

Gold dips as investors await Powell’s speech — Financial Post

Dirty Money: If you are looking for a risk-on pick…

Biogen BIIB +0.26% will find out in early 2021 whether it will have the largest sales opportunity for the pharmaceuticals industry in at least a decade. Meanwhile, the drug company’s stock is a worthy risk for investors who can stomach a roller-coaster ride.

https://www.wsj.com/articles/biogen-stock-is-a-big-risk-worth-taking-11598448600?st=xvtni8ycjurivc5

Investor 101, Possible traders for the future.

Parts of the cyclical trade could be prime for a comeback, says Wilmington Trust’s Meghan Shue.

With stocks closing at all-time highs after a record-making week, the narrow leadership from growth stocks may be an indicator of what’s to come, the firm’s head of investment strategy told CNBC’s “Trading Nation” on Friday.

“A lot of commentators and strategists will point to this as a risk, and there are risks around that narrow leadership, but it also presents an opportunity,” the $114 billion money manager said.

https://www.cnbc.com/2020/08/23/wilmington-trusts-meghan-shue-flags-cyclical-trade-opportunities.html

Is Facebook the next Trillion dollar company.

Facebook just keeps charging higher.

The stock hit an all-time high Tuesday, closing at $280.82, and has roared 105% off its March low. Even after that run, Cowen analysts are still backing the company — the firm on Tuesday set a Street high price target of $330 on the stock, highlighting increased exposure to e-commerce as a major tailwind.

Joule Financial President Quint Tatro is more bullish on Facebook than even Cowen’s price target.

https://www.cnbc.com/2020/08/26/facebook-could-be-the-next-1-trillion-company-heres-how.html

Stocks steady, bonds sold as markets turn to Jackson Hole — Financial Post

SINGAPORE — Bonds sold off and stocks took a breather on Wednesday as investors waited to hear from the Federal Reserve about its next moves to support the U.S. economic recovery, while oil jumped to a five-month peak as a hurricane disrupted output in the Gulf of Mexico. Read More

Stocks steady, bonds sold as markets turn to Jackson Hole — Financial Post
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