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
“…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…
May 25, 2020
“Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn’t out of the woods yet. More than 4.1 million homeowners are in forbearance plans now, according to the latest data from… Continue Reading…
May 21, 2020
“First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market. Economists surveyed by Dow Jones had been looking for 2.4 million claims. The seasonally adjusted… 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 19, 2020
““Three, four years down the line if the economy is still in a very weak state, then perhaps the Federal Reserve could consider negative rates,” said Seamus Mac Gorain, head of global rates in London at the $1.7 trillion investment… Continue Reading…
May 18, 2020
I’ll Make this short and sweet. I see a lot of good things happening. I’m betting on the economy bouncing back rather quickly. Many places are starting to return to normal. Restrictions of social distancing is easing. It’s a good… Continue Reading…
May 15, 2020
“Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday. Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3%… Continue Reading…
May 15, 2020
“U.S. factory production plummeted in April by the most in records back to 1919 as coronavirus-related shutdowns exacted a bigger toll on the economy. Output slumped 13.7% from the prior month after a revised 5.5% decrease in March, Federal Reserve… Continue Reading…
May 14, 2020
“New filings for unemployment claims totaled just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to Labor Department figures Thursday. The total 2.981 million new… Continue Reading…
Recent Comments