The Pulse on the Economy and Capital Markets: Nov 8 – Nov 12, 2021|
Reading Time: 2 minutes
At a glance:
- Overall higher than expected inflation caused the stock market and bond market to decline while bitcoin and emerging markets increased last week.
- GE and Johnson & Johnson take significant action and break up their company’s structure.
- The ability to work remotely is reshaping the housing market and causing rent increases among warmer and mountain locations.
- The University of Michigan’s Consumer Confidence Surveys came in 10 percent lower than expected. Economists believe it could impact holidays sales.
- Meanwhile, we are reading about how GE plans to break up into three companies focusing on aviation, healthcare and energy, Johnson & Johnson to spin out consumer health business in the newly publicly traded company, shares of electric vehicle start-up Rivian spike on the second day of trading and market cap surpasses GM and wild bidding war erupts at used-tractor auctions across the U.S.
- GE to Break Up into 3 Companies, Focusing on Aviation, Healthcare and Energy
- Johnson & Johnson to Spin Out Consumer Health Business in New Publicly Traded Company
- Shares of EV Start-Up Rivian Spike on Second Day of Trading, Market Cap Surpasses GM
- Wild Bidding Wars Erupt at Used-Tractor Auctions Across the US
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