Rapid Fire: August 18, 2015 - Gainesville Coins News
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Rapid Fire: August 18, 2015

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Rapid Fire: August 18, 2015
  • The Shanghai Composite loses another 6.15% on Tuesday, extending fears that China's economy, currency, and equity markets may be showing signs of weakness. The blow was modestly lessened when the benchmark mainland stock index recovered 1.23% overnight on Wednesday.
  • Wal-Mart reports underwhelming earnings on Tuesday, causing its stock to fall by 3.5% in trading.
  • Somewhat surprisingly, President Obama has yet to make any statements endorsing his vice president, Joe Biden, as a potential 2016 Democratic Party nominee, as is generally the case.
  • Wednesday sees the release of the FOMC meeting minutes from July as the markets position themselves for a possible September rate hike.
  • Democratic Senator from New Jersey Robert Menendez joins fellow Democrat Chuck Schumer in publicly rejecting the Iran nuclear deal, vowing to vote against it.
  • Thai authorities believe they have video footage of the suspect in Monday's bombing in the capital of Bangkok that left as many as 20 dead and 200 wounded.
  • Germany's parliament approves the bailout deal for Greece by a wide margin.
  • The FDA approves a new drug called flibanserin, widely considered to be a "Viagra for women."

About the Author

Everett Millman

Everett Millman

Analyst, Commodities and Finance
Managing Editor

Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.

In addition to blogging, Everett's work has been featured in CoinWeek, Advisor Perspectives, Wealth Management, Activist Post, and has been referenced by the Washington Post.

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