The trigger for a seismic stock-market slump Thursday and Friday that has erased weeks of gains for a frothy U.S. stock market, may have been embattled investment firm SoftBank, according to a report by Financial Times (paywall). See full story.
Another coronavirus aid package is probably ‘not happening’ after August jobs report and deal to avoid government shutdown, analyst says
Friday’s jobs report makes it more likely that Washington won’t deliver another big coronavirus aid package, according to some analysts. An agreement to avoid a federal government shutdown also may hurt the chances for a deal on aid. See full story.