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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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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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Investigators search for motive of would-be Trump assassin

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U.S. investigators are sorting through the social media accounts and other postings of the suspect in the latest apparent assassination attempt of former President Donald Trump, trying to determine a motive and whether anyone else may have been involved. Sheriff’s deputies in Florida arrested 58-year-old Ryan Wesley Routh, stopping him on a major highway late

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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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