Global Economic and Political Events Shaping Markets
The past week has seen significant economic developments influencing the financial markets. The US stock market faced a sharp decline, resulting in a $6.4 trillion loss in market value, while hedge funds engaged in substantial buying activity. Meanwhile, Goldman Sachs CEO David Solomon expressed confidence in the US economy, suggesting no need for emergency measures. Other notable events include geopolitical tensions, financial instability in firms like Prospect Capital, and changes in global ec
2024-08-07