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GDP revisions, Chinese stimulus and the impact of elections: Here’s what’s moving markets this week

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Macro in a Minute This week saw significant revisions to U.S. GDP data that help explain the resilience of the U.S. economy, along with notable stimulus from the Chinese government that impacted equity and commodity markets. Today’s annual revisions increased the level of GDP 1.3% above previous reports. Also, real disposable income was revised up

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Bank of America Chicago Marathon Creates Record Breaking $547 Million Impact on Chicago Economy in 2023

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Independent Study Proves Event is Economically Crucial for Tourism Industry, Local Businesses, and Job Growth CHICAGO, IL – The Bank of America Chicago Marathon continues to generate significant impact for the Chicagoland region, with the 2023 race contributing a record-breaking $547 million (PDF) to the city’s economy, a 42% increase from the $386 million impact in 2022,

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Israel bombards Lebanon for second day as death toll tops 560

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Israel bombarded Hezbollah militant targets in Lebanon again on Tuesday, with the death toll from airstrikes since Monday mounting to 564, along with another 1,835 injured. In all, Israel said it struck 1,600 sites, with Lebanese health officials saying 50 children had been killed in the barrage, along with at least 94 women. The Israeli

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In his final UN address, Biden spotlights world conflicts, calls for peace

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new york — President Joe Biden used his final address before world leaders at the United Nations General Assembly to call for peace in Lebanon and an end to the conflict in Gaza — two prospects that analysts say are unlikely to happen soon. “A full-scale war is not in anyone’s interest,” Biden said, referring to

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Porsche plans a trio of powertrains for the Cayenne into the next decade

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The fourth generation of the Porsche Cayenne will be all-electric. A demanding test programme for the first camouflaged prototypes is already well underway. Porsche is simultaneously moving forward with the development of its powerful hybrid and combustion engine models. Up to and beyond 2030, the successful SUV will be offered with three powertrain variants worldwide.

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