Kunal Desai

Wednesday links: satisfying narratives

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Finance

It’s worse than I thought. Assuming that this executive order is constitutional, which is dubious, the President’s directive on unemployment insurance raids $44 billion from the Disaster Relief Fund to create a new program that underfunded states will have to set up themselves.

Twitter, TikTok held preliminary talks about potential combination: WSJ

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Like many of the President’s failed business ventures, this is a giant scam.

Workers getting less than $100 a week won’t be eligible and it’s not anywhere near enough to actually cover the benefits for more than 4 and a half weeks. Meaning workers won’t see a dime until October, mixed earner workers will get left out, and it will only last a few weeks.

China Imports Second-Highest Ever Amount of Soybeans in July via @Yahoo 

Trading Ideas: Looking to Long RKT on confirmed breakout over $25 📈 FREE trade-of-week via →

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Millions of Americans are getting a big cut in their unemployment checks after the expiration of the $600 boost to weekly benefits. #investinyou  (In partnership with @acorns .)

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