July 8, 2020
“Shares of Twitter jumped more than 8% in morning trading Wednesday after the company posted a job listing saying it was building a subscription platform under the code name “Gryphon.” The company revealed little about the new platform, though it said it will work… Continue Reading…
June 17, 2020
“Delinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills amid a wave of layoffs and lost income from the coronavirus pandemic. Mortgage delinquencies surged by 1.6 million in April, the largest… Continue Reading…
June 12, 2020
“The debt of the federal government topped $26 trillion for the first time on Tuesday, when it climbed from $25,960,547,920,986.11 to $26,003,751,512,344.91, according to data released today by the Treasury Department. The federal debt had topped $24 trillion for the first… Continue Reading…
June 8, 2020
“The Nasdaq Composite became the first of the three major averages to climb back to an all-time high, advancing 2.0%, or 198.27 points, to 9,814.08 on Friday and touching an intraday record of 9,845.69. After tumbling as much as 25% earlier this… Continue Reading…
June 1, 2020
“ISM manufacturing index climbs to 43.1% in May from 41.5%… The Institute for Supply Management said its manufacturing index climbed to 43.1% last month from an 11-year low of 41.5% in April, suggesting the worst of the economic damage from the pandemic… Continue Reading…
May 25, 2020
“Dow Jones futures rose solidly Monday morning, along with S&P 500 futures and Nasdaq futures, with U.S. markets closed for Memorial Day. The coronavirus stock market rally powered ahead last week, with the Nasdaq composite nearing all-time highs. Apple (AAPL), Microsoft (MSFT), Google parent Alphabet (GOOGL), Tesla (TSLA)… Continue Reading…
May 20, 2020
“U.S. crude production fell to 11.5 million barrels per day from 11.6 million bpd in the prior week, EIA said Wednesday. That’s down from a high of 13.1 million in March and the marked the seventh consecutive decrease… U.S. crude futures… Continue Reading…
May 18, 2020
“Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine. The Dow Jones Industrial Average traded 700 points higher, or nearly 3%. The S&P 500 gained 2.5% while the Nasdaq Composite advanced 1.7%… Shares… 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…
April 24, 2020
“Shares of Chesapeake Energy tore higher again on Friday, adding to gains of more than 90% in the past three days, after the oil and hydrocarbon driller announced it adopted a poison pill to thwart any takeover attempts spurred by… Continue Reading…
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