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- Fed Signals One More Hike This Year, DeSantis Takes a Tumble and IPOs Stumble
Fed Signals One More Hike This Year, DeSantis Takes a Tumble and IPOs Stumble
Anna Eisenberg
September 20, 2023
Anna's Daybreak News
Good morning news fiends! Prepare to unwrap a treasure trove of headlines, intriguing tales, and unexpected gems as we dive deep into the world of current events. 📰🌟
Fed Holds Rates, Signals One More Hike This Year
- The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year.
- Projections show the Fed is expecting a half point less easing in 2024.
- Chairman Powell stated that the “soft landing” is not the Fed’s baseline expectation.
- It looks like the Fed is ready to take off for the short term, but don't expect the journey to be a smooth one. Source: Read More
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Ukraine President Zelenskiy Enlists Billionaires to Help Rebuild the Nation
- Ukraine President Volodymyr Zelenskiy met with billionaires including Ken Griffin and Bill Ackman at the Ukraine mission to the United Nations to discuss using private-sector funds to rebuild the country.
- The meeting was arranges by Mary Erdoes, a JPMorgan executive.
- The fundraising efforts are believed to be in hopes of helping the country's economic recovery.
- The billionaires have responded positively to Zelenskiy's proposal, ensuring that Ukraine gets back on its feet after years of hardship -- because everyone loves a happy ending Source: Read More
Ron DeSantis Takes a Tumble: What Does He Have To Do to Recover?
Florida Gov. Ron DeSantis has plummeted to fifth place in a recent CNN/University of New Hampshire poll of more than 2,100 likely Republican voters. Despite being widely recognized as Donald Trump's biggest contender, DeSantis only earned 10% of the vote, while Trump held the lead with 39%.
Florida Gov. Ron DeSantis has plummeted to fifth place in a recent CNN/University of New Hampshire poll of more than 2,100 likely Republican voters. Despite being widely recognized as Donald Trump's biggest contender, DeSantis only earned 10% of the vote, while Trump held the lead with 39%.
- In July, DeSantis polled at 23% support - dropping 13% in two months.
- DeSantis earned most support from Conservative radio listeners (17%), X-users (15%), voters along the seacoast (16%), and libertarians (15%).
- In February, Trump and DeSantis were nearly neck and neck nationally with both polling at around 40%.
- In 2020, President Joe Biden, then a struggling candidate from the Democratic primaries, finished fifth in the New Hampshire primary with 8.4% of the vote.
- DeSantis has fallen out of favor recently due to right-wing policies that have increased his popularity in Florida but have diminished his reach with moderate Republicans. Source: Read More
IPOs Stumble, Reviving Doubts Over Hoped-for Revival:
- Marketing automation firm Klaviyo's (KVYO) stock closed well below the first-day high.
- The high-profile listings have put investor focus back on the IPO market after an 18-month dry spell.
- Chip designer Arm's stock hit a low of $51.52, close to its $51 IPO price.
- Shares of grocery delivery app Instacart fell to a low of $29.96, below their $30 IPO price.
- With high interest rates and a turbulent stock market, will the hoped-for new-listings revival ever materialize? Only time and market conditions will tell. Source : Read More
Baked with love,
Anna Eisenberg ❤️
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