The Federal Reserve is targeting above 2% inflation. Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve that without creating a bubble in asset prices. "The reality is that the inefficiencies that are building up in the system." Minerd said misinformation and mistaken investments will pose a challenge to investors.
Former NYC mayor and presidential candidate Mike Bloomberg blasted Donald Trump for what he described as his many failures, saying, "I'm not asking you to vote against Donald Trump because he's a bad guy. I'm urging you to vote against him because he's done a bad job."
Cindy McCain, the widow of Senator John McCain, on Tuesday became the latest prominent Republican voice to back Democratic presidential nominee Joe Biden in his bid to wrest the White House from President Donald Trump in November's election. Gloria Tso reports
U.S. President Donald Trump held a campaign rally in the battleground state of Pennsylvania on Tuesday, as the death of liberal U.S. Supreme Court Justice Ruth Bader Ginsburg on Friday continued to reshape the presidential contest.