September 26, 2020
“U.S. stocks rose on Friday, recovering some of their losses for the week, as tech shares clawed back some of their big September declines. The Dow Jones Industrial Average closed 358.52 points higher, or 1.3%, at 27,173.96. The S&P 500 climbed 1.6% to 3,298.46. The Nasdaq… Continue Reading…
August 4, 2020
“American International Group Inc. posted a $7.9 billion second-quarter loss driven by the sale of a majority stake in a business of runoff policies, as well as costs from the pandemic and civil unrest. The sale of the Fortitude Group… Continue Reading…
June 25, 2020
“Darden Restaurants on Thursday reported that same-store sales were nearly cut in half during the fiscal fourth quarter as dining room closures from the coronavirus pandemic weighed on its revenue. But the Olive Garden parent expects its business to pick up in the… Continue Reading…
June 16, 2020
“What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 0.767% slumped 9.3 basis points to 0.651%, its lowest since May 29, falling below where it traded before the release of Friday’s jobs report. The benchmark maturity saw its biggest daily drop since… Continue Reading…
May 6, 2020
“Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a coronavirus-induced shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP. In all, the decline totaled 20,236,000 — easily… Continue Reading…
May 5, 2020
“So far, analysts are forecasting 11 S&P 500 companies, including consumer discretionary companies Ford Motor (F) and General Motors (GM), plus industrial American Airlines (AAL) to lose $1 billion or more in the second quarter. This is according to an Investor’s Business Daily analysis of data… Continue Reading…
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