The Nobel-prize winning economist paints a not-so-rosy picture of what’s ahead.
Read MorePlus, jobless claims came in above 1 million for the 16th straight week, the U.S. surpassed 3 million confirmed coronavirus cases, United Airlines warned 36,000 employees of possible furloughs, and Walgreens reported disappointing earnings.
Read MorePlus, Goldman Sachs and Citi issued new forecasts for the market and economy, Regeneron is beginning a phase 3 trial of its coronavirus antibody cocktail, the FDA issued emergency use authorization for Becton Dickinson’s 15-minute coronavirus test, and Uber has officially agreed to acquire Postmates.
Read MoreStocks like these 8 may be investors’ best bets as volatility rocks the market.
Read MorePlus, the U.S. reported a record number of new confirmed coronavirus cases, the FAA and Boeing completed the test flights of the 737 Max, Tesla is up after saying it delivered 90,650 vehicles in the second quarter, and PG&E shares are up after the utility emerges from bankruptcy.
Read MorePlus, ADP said private payrolls grew by 2.369 million in June, United Airlines said it is adding 25,000 flights next month, and Beyond Meat is rising after news its meatless burger patties will soon be available in grocery stores in China.
Read MorePlus, bank stocks are on the rise on reports of a change to the Volker Rule, the U.S. saw a record number of new coronavirus cases, last week’s jobless claims came in higher than expected, and Wirecard shares tanked after the troubled fintech filed for insolvency.
Read MoreOver the last several years, one of the biggest benchmarks the Fed has used to evaluate the need to raise, lower or maintain their interest rate policy has been the employment rate. Every month, the market seems to hold its breath as a new set of unemployment and salary data is made available and everybody […]
Read MorePlus, the White House is considering new tariffs on $3.1 billion of goods from the EU, the IMF again slashed its economic forecast for 2020, a trio of states in the northeast have imposed a 14-day quarantine for travelers from states in the U.S. that are seeing spikes of coronavirus cases, and Peloton got an upgrade.
Read MorePlus, former FDA Commissioner Dr. Scott Gottlieb said states seeing surges of new coronavirus cases are “on the cusp of losing control” of their outbreaks, Wirecard shares are down after the German payments company said auditors couldn’t confirm the existence of $2.1 billion of cash on its balance sheet, and Spotify shares are up after it inks another big podcast deal.
Read MorePlus, retail sales jumped a record 17.7% in May, a sturdy from the University of Oxford showed a common anti-inflammatory drug proves to save lives among those sickest with COVID-19, and McDonald’s shares are slightly higher on improved sales in May.
Read MorePlus, Treasury Secretary Mnuchin said “we can’t shut down the economy again” for a second wave, weekly jobless claims came in at more than 1.5 million, and Regeneron said it started the first clinical trial of its coronavirus antibody treatment.
Read MorePlus, the OECD warned that the coronavirus has caused the worst recession outside wartime in 100 years, Starbucks expects to lose $3.2 billion in revenue in its fiscal third quarter, and Taubman shares are down more than -20% after Simon Property Group said it is terminating its deal to acquire the luxury mall owner.
Read MorePlus, Congressional Democrats unveiled a new bill to overhaul police practices in the U.S., the next coronavirus stimulus bill may depend on June’s jobs report, and Beyond Meat shares are rising after the alternative meat producer landed a distribution deal in China.
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