by ogordained
UNITED STATES
- The ISM Non-Manufacturing index reveals continued economic strength
- Jobs in professional services, health, and construction grew rapidly over the last 12 months
- New businesses are forming almost as fast as new jobs are being created
- Worry over new antitrust rules aimed at tech companies, coupled with worries over weak iPhone sales sent Applestock down
On the Ballot Today:
- San Francisco will vote on taxing big companies with HQ’s there to help combat homelessness.
- North Dakota, Missouri and Oklahoma will vote on loosening cannabis laws.
- Idaho, Nebraska, Utah and Montana will vote to expand medicaid.
- Washington will vote on a carbon tax
- Florida may restore voting rights to felons
OTHER
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Berkshire Hathaway has held over $100bn in cash for 5 straight quarter
Stocks exposed to the risk of higher wage costs eating into their profit margins have oddly outperformedThe Turkish lira continues its recoveryHousehold spending in Japan was much weaker than expected (Actual -4.5% | Expected -1.8%)A report commissioned by Facebook found the site had been used to incite violence in Myanmar and helped enable human-rights abusesSpotify said it would buy back $1bn of its shares over the next 29 months.Under Armour says it stopped executives from expensing visits to strip clubs in FebruaryCHINA
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