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Joe Biden’s presidential plans

newsflight december 7

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Market News

  • SSE Composite: China’s SSE Composite appears to be leading the region, making major rebounds from second and third quarter pandemic-related devastation. 
  • FTSE 100: The UK’s FTSE index appears to have hit its high since the beginning of the pandemic.
  • S&P 500: The US’ S&P 500 index is expected to continue demonstrating exemplary behavior, but the question remains of who really benefits.

Last Week’s Highlights

Joe Biden’s Presidential Plans

As the January 20 presidential inauguration creeps nearer, Joe Biden continues to announce future White House officials. Considering the tense relationship between the US and China during the Trump Administrator, Biden is expected to put increased focus on relations with Asia. As well, it’s likely that Biden will make a major effort to control the spread of COVID-19. Among other changes, the nature of presidential communication is also expected to shift, focusing less on social media platforms like Twitter.

Russia Starts Vaccine Campaign

Ever since the announcement of the Russian COVID-19 vaccine Sputnik, the world has been waiting to see how the superpower’s government would implement it. Now, leader Vladimir Putin has called for the mass vaccination of the Russian population. The coronavirus pandemic has hit Russian hard, with a lot of information seemingly incomplete.

Coming Up This Week

Pfizer’s Vaccine Now Available

In the UK, pharmaceutical Pfizer has officially launched its first doses of its recently approved SARS-CoV-2 vaccine. While many other of the company’s peers have announced their equivalents, Pfizer’s vaccine comes with a 95% effectiveness rating. The next steps will pertain to production and distribution, something which will be a huge challenge around the world.

The US Economy Seems Fine, But Are the Country’s People?

Just because the United States’ economy appears to be growing by trillions of dollars despite the pandemic, the reality of the situation may be a little more grim than it seems. While fewer people are claiming unemployment, the fact of the matter remains that tens of millions have been laid off in this year alone. On top of this, many indices and stocks continue to see new records. However, there isn’t necessarily a correlation between increasing wealth overall and that of the people.


More Things to Sip On…

Top expert Anthony Fauci expresses concerns over vaccine approvals.

China continues to extend its reach little by little over Indian territory.

What do people want, even in times of pandemic? Avocados.


Academy

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side hustle

“A side gig, moonlighting, or, as the kids call it these days, a side hustle is an excellent way to diversify your income, make a hobby profitable, and even build your confidence.” 

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“During recession greed dies, frugality survives.”
– Amit Kalantri –


Disclaimer
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of December 4, 2020. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in News Flight are not representative of FlexInvest Inc.

All information provided was collected up to the last business day of the previous week of the release of this NewsFlight. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in NewsFlight are not representative of FlexInvest.

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