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Economy

“New York City Reopens After Covid-19 Lockdown”

“As the nation’s largest city began reopening Monday after more than two months of lockdown, New Yorkers expressed trepidation, relief and optimism about this first step toward getting back to business….” https://www.wsj.com/articles/new-york-city-reopens-after-coronavirus-lockdown-11591628818 I got so caught up in penny stocks… Continue Reading…

Stocks

“These 19 Big Stocks Raise Their Dividends Despite Coronavirus”

“Nineteen S&P 500 companies upped their dividends during April, including materials company Newmont (NEM), consumer staples firm Costco Wholesale (COST) and information technology giant Apple (AAPL), says S&P Dow Jones Indices. The average dividend hike by these companies is 8.4%. Boosting a dividend might be the… Continue Reading…

Business, Stocks

“GE Stock Falls As Coronavirus Cuts Earnings By Nearly $1 Billion”

“General Electric posted bigger-than-expected drops in earnings and revenue for the first quarter, as the coronavirus hit to global commercial air travel stung key businesses. GE stock fell as cash burn was also slightly worse than the industrial giant forecast.… Continue Reading…

Economy

“U.S. Economy May Have Hit the Coronavirus Bottom”

“As the calendar turns to May, we’re likely to see a slow return of growth for some types of economic activity that were wiped out by the coronavirus shutdowns in March and April. That’s the good news. The bad news… Continue Reading…

Economy

“Record government and corporate debt risks ‘tipping point’ after pandemic passes”

“The United States is embarking on a rapid-fire experiment in borrowing without precedent, as the government and corporations take on trillions of dollars of debt to offset the economic damage from the coronavirus pandemic. The federal government is on its… Continue Reading…

Economy

“Coronavirus pushes annual deficit forecasts toward $4 trillion”

“Independent forecasters now expect this year’s budget deficit to nearly quadruple the pre-coronavirus estimate, reaching nearly $4 trillion. That amount of red ink in a single fiscal year would dwarf the deficit peak of $1.4 trillion during the Great Recession… Continue Reading…

Banking, Economy

“COVID-19’s “American Bankruptcy Rate” Will Dwarfs Its Mortality Rate”

“If you’re worried about getting infected with the coronavirus, then good. It shows that your survival instincts just might keep you from catching the virus itself, or infecting others. The good news is that the mortality rate is somewhat low.… Continue Reading…