Free agency opened up this past week for the National Football League, and this was marked with a flurry of deals as soon as the free agency period official began as per the league calendar. Even with teams suffering the financial impacts of a pandemic, some were willing to spend right away with the hope of improving their squad in the upcoming season.
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The National Hockey League is returning to ESPN, the self-proclaimed “Worldwide Leader” in sports, after the two organizations agreed on a seven-year long broadcasting contract. The deal will start in the upcoming 2021-22 season, with the NHL’s current deal ending at the conclusion of the current season.
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The letter started with a non-subtle flex: a table showing that Berkshire has returned an overall gain of over 2,800,000% to its shareholders since 1965, while the S&P 500 has only returned 23,000%, including dividends.
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Jerome Powell appears to remain dovish on interest rates as long-term Treasury yields continue to spike. While undermining the equity markets overall, inflation is nowhere near the Fed’s 2% target, and the labor market has not returned to full employment.
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Janet Yellen’s G-20 letter served as an urgent call for a multilateral effort to tackle key issues. The primary focus was to call on countries to act quickly on COVID-19, stating that a global vaccination effort is the strongest stimulus the global economy could receive. She also suggested that the IMF allocate SDRs to enhance liquidity for low-income countries.
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