Brian Jacobsen, chief economist with Annex Wealth Management, joined Cheddar News to discuss the positive sessions for the stock market as investors were optimistic of a debt ceiling deal ahead of the June 1 deadline.
Share:
More In Business

U.S. Jobless Claims Tick Up to 373,000 From a Pandemic Low
The number of Americans filing for unemployment benefits rose slightly last week even while the economy and the job market appear to be rebounding from the coronavirus recession with sustained energy.

Gates Foundation Sets 2-Year, Post-Divorce Power Share Trial
Bill Gates and Melinda French Gates will continue to work together as co-chairs of their foundation even after their planned divorce.

Fed Officials Discuss Timing of Reducing Bond Purchases
Federal Reserve officials began debating at their June meeting when and how they would reduce the monthly bond purchases that they have used to keep longer-term interest rates in check.

Suez Canal Releases Hulking Vessel After Settlement Deal
Egyptian authorities have announced the release of a hulking shipping vessel that had blocked the Suez Canal for nearly a week earlier this year.

Stocks Close Higher, Led by Gains for Tech; Bond Yields Drop
Wall Street capped a day of choppy trading Wednesday with more record highs for stocks and another drop in bond yields that sends mixed signals about investors' confidence in the market.

Pentagon Cancels Disputed JEDI Cloud Contract With Microsoft
The Pentagon said it has canceled a cloud-computing contract with Microsoft that could eventually have been worth $10 billion and will instead pursue a deal with both Microsoft and Amazon.

Amazon Begins New Chapter as Bezos Hands Over CEO Role
Amazon founder Jeff Bezos has officially stepped down as CEO of the company he started out of his Seattle garage in 1995.

Kaseya Says 800 to 1,500 Businesses Hit by Cyberattack
Software company Kaseya says the cyberattack it experienced over the July 4th holiday weekend but that it was never a threat and had no impact on critical infrastructure.

S&P 500 Sees 1st decline After 7 Straight Gains; Oil Falls
Banks and energy companies helped pull stocks mostly lower on Wall Street Tuesday, ending the S&P 500's seven-day run of record high closes.



