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Business

“ESPN’s week 1 Monday Night Football ratings fall nearly 11%”

“… the New York Giants hosting the Pittsburgh Steelers attracted an average of 10.7 million viewers on Monday’ night the network announced, down 10.8% from last year’s first Monday night game. …The game peaked at 13.1 million viewers around 9:00 p.m.… Continue Reading…

Economy

“Almost 30 Million in U.S. Didn’t Have Enough to Eat Last Week”

“Food insecurity for U.S. households last week reached its highest reported level since the Census Bureau started tracking the data in May, with almost 30 million Americans reporting that they’d not had enough to eat at some point in the… Continue Reading…

Real Estate

“Record low US mortgage rates for the third consecutive week”

“Rates on 30-year mortgages have fallen to record lows for the third consecutive week as inflation remains muted in a weakened economy, even in the face of persistent demand from homebuyers Mortgage buyer Freddie Mac reported Thursday that the average… Continue Reading…

Economy, Stocks

“Stocks could fall a further 7% after last week’s correction. But here’s why Morgan Stanley says that’s ‘healthy’”

“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…

Economy

“Ohio Gov. DeWine: ’90 percent’ of state’s economy will reopen by next week”

“Ohio Gov. Mike DeWine spoke Sunday with “Fox & Friends Weekend” host Pete Hegseth on his plans to reopen the state’s economy gradually, after he rolled back stay-at-home orders and lifted several statewide restrictions. “We’ve been able to flatten the curve,” DeWine, a Republican, said. “Our hospital admissions… Continue Reading…

Economy

“U.S. oil plunges 25% to trade below $13 a barrel to start another punishing week”

“June West Texas Intermediate crude CLM20, -26.62%, the U.S. benchmark, lost $4.20, or 25%, to trade at $12.69 a barrel, following a 32.3% decline for the week—its biggest such decline on record—for the commodity and a landmark plunge in the now-defunct May contract,… Continue Reading…

Economy

“It will be a devastating week for the US economy. There is no playbook — and stimulus must come fast”

“A sudden stop in the economy so severe, Goldman Sachs economists now forecast real GDP growth of negative 9% in the first quarter and down an astonishing 34% in the second. Economists at Goldman Sachs expect the economy to recover mid-year with… Continue Reading…

Stocks

“Stocks rise as Wall Street continues last week’s rebound…”

“Stocks rose on Monday, building on a strong rally from last week as the U.S. extends measures to contain the coronavirus outbreak. The S&P 500 climbed 1.6% while the Nasdaq Composite traded 2.1% higher. The Dow Jones Industrial Average was up 237 points, or 1.1%… Sentiment was… Continue Reading…

Business, Economy

“More Companies Turning To The 4-Day Work Week To Entice New Employees, Report Finds”

“With unemployment at historic lows, many companies around the country are attracting employees with all kinds of perks. One that’s gaining popularity: the four-day work week. A report from the Society for Human Resource Management reveals 27 percent of companies nationwide… Continue Reading…

Business, Economy

“Four day work weeks sound too good to be true. These companies make it work”

” Shake Shack recently announced it would test out the idea of a four-day workweek at some of its restaurants on the West Coast. The tests vary by restaurant, but employees work an average of 40 hours in four days with the… Continue Reading…