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Bed Bath & Beyond Shares Are Sinking After It Says It’s Closing 200 Stores

Plus, 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.

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Warren Buffett’s Berkshire Finally Pulled The Trigger On A New Deal

Plus, 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.

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Stocks Climb As The Labor Dept. Reports 4.8 Million Jobs Added In June

Plus, 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.

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Pfizer Shares Climb After Positive Data On Its Coronavirus Vaccine

Plus, 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.

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Macy’s Shares Are Down After It Says It’s Cutting 3,900 Corporate Jobs

Plus, 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.

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Does MAN’s value proposition hold in an economic recession?

Over 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 […]

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Dell May Be About To Spinoff Its Stake In VMware & Shares Are Climbing

Plus, 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.

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Weekly Jobless Claims Show The Slowest Pace Of Decline Since Early April

Plus, 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.

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NUE is up more than 50% since March – can it keep going?

If you pay attention to market news media, you’ll see a lot of different opinions about current events, what they mean for the economy, and therefore the markets. That’s true no matter whether the economy is growing or not, or whether the stock market is going up or down. I’ve learned to take the majority […]

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Fed Chair Powell Expresses “Significant Uncertainty” About The Pace Of The U.S. Economic Recovery

Plus, 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.

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Stocks Sink On Evidence Of A Second Wave Of The Coronavirus

Plus, 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.

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AMC Shares Jump After The Movie Theater Operator Said It Plans To Reopen In July In Time For Summer Blockbusters

Plus, 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.

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AstraZeneca Made An Approach To Gilead Sciences About A Possible Merger

Plus, 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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