June 17, 2020
“The economy unexpectedly gained 2.5 million jobs in May after record losses the prior month as states began allowing businesses shuttered by the coronavirus to reopen and many Americans returned to work. The unemployment rate fell to 13.3% from April’s 14.7%, which was the… Continue Reading…
June 17, 2020
“The U.S. budget gap more than doubled in May, pushing the deficit for the fiscal year to near $2 trillion, as federal revenues plunged and government spending soared to help combat the coronavirus pandemic…” https://www.wsj.com/articles/federal-budget-deficit-nears-2-trillion-for-fiscal-year-11591630088
June 16, 2020
“U.S. retail sales jumped by a record 17.7% from April to May, with spending partially rebounding… The government’s report Tuesday showed that retail sales have retraced some of the record-setting month-to-month plunges of March (8.3%) and April (14.7%) as businesses… Continue Reading…
June 15, 2020
“The three major benchmark indexes suffered their biggest weekly losses since March 20 last week, as the Federal Reserve’s downbeat economic outlook and rising coronavirus cases unsettled investors. Fears of a second wave grew over the weekend and U.S. stock futures pointed lower early… Continue Reading…
June 10, 2020
“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…
June 8, 2020
“In a twist that shocked many of the nation’s top economists, the U.S.’s May jobs report released Friday showed the country added 2.5 million jobs last month, lowering the unemployment rate from 14.7 percent to 13.3 percent. A large chunk of that… Continue Reading…
June 5, 2020
“The Dow advanced more than 2% shortly after market open, adding more than 700 points. The 30-stock index hit its highest level since March 4. The S&P 500 also rose more than 2% and hit its highest level since February… Continue Reading…
June 5, 2020
“American Airlines jumped as much as 36%, adding to a record 41% gain on Thursday after an executive touted a bullish outlook for consumers returning to the skies. Its five-day winning streak is on track to be the longest since… Continue Reading…
June 3, 2020
“If the Federal Reserve is forced to embrace negative interest rates, the gold price will react by breaching the previous all-time high of $1,920 an ounce, according to Standard Chartered. Fed Chairman Jerome Powell has been adamant that negative interest… Continue Reading…
June 3, 2020
“…Transportation stocks — airlines, railroads, truckers and shippers — are a proverbial canary in acoal mine. The Dow Jones Transportation Average (DJT) is often looked at by experts as a good indicatorfor the state of the economy and broader market. And it’s outperforming… Continue Reading…
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