May 12, 2020
“ Goldman Sachs expects the S&P 500 to close the year 2% higher, but not before enduring an 18% plunge over the next three months. The stock market’s recent leap from late-March lows is best attributed to investors’ “fear of missing out,” the… Continue Reading…
May 12, 2020
“Prices Americans paid for eggs, meat, cereal and milk shot higher in April as people flocked to grocery stores to stock up on food… The Labor Department reported Tuesday that prices U.S. consumers paid for groceries jumped 2.6% in April,… Continue Reading…
May 11, 2020
“…with thousands of stores closed under strict lockdown measures and multiple national retail chains crumbling, mall operators’ rent collections have collapsed, raising doubts about their future. Mall operators collected only 15% of April rent and trends are looking worse for… Continue Reading…
May 11, 2020
“Money-market mutual funds, the ultimate havens for investors looking to preserve capital, once again are trying to maneuver in a zero interest-rate environment. The problem this time? They’re sitting on twice as much cash. Assets in money-market funds have soared… Continue Reading…
May 11, 2020
“The nation’s labor force participation rate reached a 47-year low of 60.2 percent in April, according to the Bureau of Labor Statistics, as the number of people not in the labor force jumped by 6,570,000 to a record 103,415,000. The participation rate… Continue Reading…
May 8, 2020
“The Nasdaq Composite rose for a fourth straight day on Thursday, clawing back its steep losses for the year, as tech shares added to their recent strong gains while investors mounted bets on the U.S. economy reopening soon. The tech-heavy index closed 1.4%… Continue Reading…
May 8, 2020
“A precipitous decline in car sales amid the deadly coronavirus outbreak has caught the attention of Capitol Hill, where some lawmakers are now urging Congress to authorize new aid for the auto industry. The heightened push on Capitol Hill comes as the… Continue Reading…
May 7, 2020
“#1 According to economists surveyed by the Wall Street Journal, the April jobs report will show that the unemployment rate in the United States is now above 16 percent. #2 U.S. manufacturing orders just crashed by the most ever. #3 U.S. gasoline consumption just dropped to… Continue Reading…
May 7, 2020
“Their estimate: a ‘U-Cov’ rate in April of somewhere between 25.1% and 34.6%. That’s compared to the 16% rate forecast by economists polled by Reuters, who also estimate American employers shed more than 20 million jobs last month. “The official… Continue Reading…
May 7, 2020
“The U.S. government expects to borrow a record $4.5 trillion this fiscal year as it steps up spending to battle what is likely to be the deepest economic downturn since the Great Depression…” https://www.wsj.com/articles/u-s-treasury-expects-to-borrow-2-99-trillion-in-second-quarter-as-stimulus-spending-soars-11588619567
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