Plus, 1 month and 3 month Treasury yields slipped into negative territory this morning, Target withdrew its full-year forecast, and Nike shares are rising after the sneaker maker reported better-than-expected sales.
Read MoreI often observe, and write about the need to try to filter through the “noise” of the market to find the right ways and places to put your money to work for you. A lot of that noise, of course comes from media outlets, including market news. The irony of my observation is that it […]
Read MorePlus, the market is higher on optimism that a third stimulus bill will be finalized today, Gilead Sciences’ experimental COVID-19 treatment, remdesivir, received Orphan Drug Designation from the FDA, and General Motors said it is conserving cash and drawing down $16 billion from credit lines.
Read MorePlus, the Fed issued new initiatives in an effort to calm the market, the Senate is still negotiating a $2 trillion stimulus package, GE’s aviation unit is laying off 10% of its workforce, and CVS is hiring 50,000 workers.
Read MorePlus, Senate republicans unveiled the third coronavirus relief package, California residents are under lockdown, and JPMorgan and Walmart are giving cash bonuses to front-line employees.
Read MoreThese are the factors to watch for before the market turmoil will end.
Read MoreBetter still, the analyst also argues that these 4 stocks are recession-proof. Here’s why.
Read MorePlus, Treasury Secretary Mnuchin revealed details of a third coronavirus aid package, Disney issued a warning about its future performance, and Ford suspended its dividend.
Read MorePlus, the Trump administration is seeking a third coronavirus stimulus package, the WHO warns that the virus can in some cases survive in the air, and Cisco said that there have been 5.5 billion meeting minutes for its Webex video conferencing platform since the start of the month.
Read MoreWe could look back on March 2020 as the start of a recession in the U.S., according to big-name economist.
Read MoreOther forecasters may be overestimating the chances of an economic downturn if Goldman’s new model is any indication.
Read MoreAnd why you may not want to hope for a fourth rate cut this year.
Read MorePlus, GM and the UAW union have finally reached an agreement, China just issued a new warning to U.S. lawmakers, and Bank of America beat estimates.
Read More