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Real-time News
JPMorgan Chase: Launches coverage research on JD.com (JD.O), giving it an overweight rating and a target price of $38.JPMorgan Chase lowered its target price for Pinduoduo (PDD.O) from $110 to $95.September 10th - According to the Wall Street Journal, on Wednesday evening local time, Trump promised a $5,000 "bonus" to every American adult citizen if Republicans retain control of both the House and Senate in the November midterm elections. This could involve more than 200 million payments, totaling over $1 trillion (assuming no income restrictions). Where will the money come from? Trump hinted that the funds might come from tariff revenue, but his statement was not entirely clear. How will this be done without triggering a surge in inflation? This will spark heated debate. Will congressional Republicans support this plan? If this promise helps Republicans retain a majority in both houses of Congress in the midterm elections, Republican lawmakers may find it difficult to outright reject it.A policy board member from the Bank of Korea stated that the Bank of Korea will assess the situation to determine the pace and timing of tightening policy.Tip: US President Trump concludes his keynote address at the Republican Midterm Election Convention.
