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Shopify Shares Are On The Rise After It Reports 97% Gain In Revenue Last Quarter
Plus, the Fed wraps up its two-day meeting today, Sorrento Therapeutics has licensed a rapid coronavirus test, Boeing reported a loss in the second quarter, and L Brands announced it’s laying off 15% of its corporate workforce.
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Why One Fund Says Gold Could Top $3,000 An Ounce
According to this fund manager, gold could be heading much, much higher in the next few years. Here’s why.
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Fed’s Kaplan Said The Economy’s Only Hope Is Widespread Mask-Wearing
Plus, the U.S. reported another record jump in new coronavirus cases, Gilead released positive results from an analysis of its remdesivir treatment in patients severely ill with COVID-19, United reached an agreement with its pilots union, and a top Apple analyst issued a new prediction.
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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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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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Fed Tool Says Economic Activity Dropped More The 50% In The Second Quarter
Plus, Dick’s Sporting Goods reported a 30% decline in same-store sales, and Stitch Fix is laying off 1,400 workers.
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Stocks Surge On Promising COVID-19 Trial Results From Moderna
Plus, Fed Chairman Powell said the U.S. economy could shrink 30% in the second quarter, oil surged to a two-month high, and FedEx and Microsoft are teaming up to “transform commerce” with a new data service.
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Are We Already In The Second Depression? Paul Tudor Jones Says We’ll Know When This Happens
The U.S. economy may look back on the coronavirus crisis as the Second Depression, Jones said this week. Here’s what you need to know.
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Fed Chairman Powell Just Shot Down Hopes For A Move To Negative Rates
Plus, House Democrats unveiled their latest coronavirus relief bill, Sanofi said the U.S. will get its COVID-19 vaccine before the rest of the world if successful, JCPenney is talking with lenders ahead of an expected bankruptcy filing, and Tesla won its battle to start reopening its Fremont, CA plant.
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There’s A Trap Ahead For The Market This Summer – Here’s What You Need To Know Now
Several experts have a warning smart investors may want to heed.
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