Pages

Pages From Above... Continued...

Saturday, June 14

Headlines

Kayla Bartkowski/Getty Images



Military parade and protests planned for today. It’s likely to be a busy day on America’s streets. More than 6,000 troops are scheduled to march on parade through Washington today to celebrate the Army’s 250th anniversary, which also coincides with President Trump’s birthday. About 200,000 people are expected to attend, and the event is expected to cost up to $45 million—but there’s a chance thunderstorms could dampen the festivities. Meanwhile, activists who object to the president’s policies are planning to hold “No Kings” protests across the US at the same time. Tensions are running high amid demonstrations against federal immigration raids in LA that President Trump deployed the National Guard and Marines to stop this week.

Consumers aren’t so worried about tariffs any more. American consumers have decided to look on the bright side this month. The University of Michigan released its high-profile preliminary index of consumer sentiment for June, and the data showed the first increase in shoppers’ attitudes since December. “Consumers appear to have settled somewhat from the shock of the extremely high tariffs announced in April and the policy volatility seen in the weeks that followed,” Joanne Hsu, the survey’s director said, though she noted consumers are still wary about the economy and potential inflation.

You can now buy shares in the world’s largest meatpacker. Brazil’s JBS debuted on the New York Stock Exchange through a direct listing yesterday after delisting its stock from Brazil’s São Paulo Stock Exchange, where it had traded since 2007. The meat packing company, which opened at a price that valued the company at ~$30 billion, has been looking to access the US market since 2009, but it faced delays and regulatory hurdles—in part because of accusations of corruption and bribery in Brazil.—AR




No comments:

Post a Comment