United States

In its latest weekly Economic Indicators Update, Goldman charts the ongoing paradoxical divergence between the Fed's professed tightening path and what is actually taking place in the US stock market, where it finds that financial conditions are the easiest they have been in two years.

One month ago, Goldman discussed this topic in depth when Jan Hatzius implicitly asked if Yellen has lost control of the market, and warned that in order to normalize fin conditions, the Fed may be forced to follow through with a "policy shock."

With traders realizing that the "Thursday Turmoil Trifecta" looms, world stocks dropped and safe-haven assets rose as investors focused on the growing tension in the Middle East, while caution spread across markets in a week full of risk events including James Comey’s congressional testimony to the ECB’s policy meeting and Britain’s increasingly uncertain election, all in the span of 24 hours. As a result, European and Asian stocks as well as S&P futures all fell, while gold, yen and Treasuries gained.

Update: on Tuesday, Deutsche Bank said it had responded “promptly” to request from U.S. Democrats seeking information from the bank on its client relationship with U.S. President Donald Trump, a spokesman said Tuesday.  It added that the bank can’t comment on individual client relationships and supplying information about relationship to external parties would be violation of law, spokesman says

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The FT has unveiled what its believes is the key trigger behind the shocking overnight collapse in diplomatic relations between Qatar and its Gulf neighbors.

The United States, unlike many other industrialized countries, has no statuary agreement on taking paid vacation. Meaning: There is no law telling employers the minimum number of days they need to give their employees off work - that are also paid for.

However, as Statista's Dyfed Loesche notes, Project:Time Off, which is sponsored by the U.S. Travel Association, has good news: After two decades of almost steady decline the average days of vacation have risen by 0.6 days year-over-year to 16.8 days in 2016.