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.
Read MoreThe U.S. economy could be starting to find its footing again. While unemployment as a total number remains high, it does appear to be flattening nationally, and has even starting to drop in a number of states. COVID-19 isn’t going away – in fact, if the weekend’s reports are accurate, I think that we are […]
Read MoreThis retail stock should continue to climb higher.
Read MorePlus, Senate Republicans introduced their police reform bill with key differences from Democrats’ bill introduced last week, PepsiCo said its Aunt Jemima line is getting a rebrand, and Beyond Meat shares are up after Credit Suisse boosted their price target on the alternative meat stock.
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, Vice President Pence said the Trump administration is working with Democrats in “good faith” on another round of coronavirus stimulus, airline stocks are soaring as hopes rise of a recovery for air travel, and JCPenney announced it’s closing more than 150 stores following its bankruptcy filing last month.
Read MoreThese 2 retail stocks are already up significantly for the year, but here’s why they could continue to surge higher.
Read MorePlus, weekly jobless claims came in at 1.877 million, the FDA issued emergency use authorization for Roche’s blood test to identify those at risk of having the most severe immunological response to the coronavirus, and Simon Property Group is suing Gap for missed rent.
Read MorePlus, ADP reported 2.76 million private payrolls were trimmed in May, Dr. Anthony Fauci warned a potential coronavirus vaccine may not provide long-term immunity, and another retailer looks poised to file for bankruptcy protection.
Read MorePlus, Dick’s Sporting Goods reported a 30% decline in same-store sales, and Stitch Fix is laying off 1,400 workers.
Read MorePlus, health officials warned the protests could exacerbate the coronavirus outbreak in vulnerable communities, China suspended purchases of some U.S. agricultural products amid growing tensions, and Tesla shares are up after the successful SpaceX launch this weekend.
Read MorePlus, New Jersey Governor Murphy said the state may have to layoff 200,000 due to a $10.1 billion revenue shortage amid the coronavirus crisis, GM will reopen its American plants starting Monday, and Nordstrom shares are down after the department store reported net sales fell 40% last quarter.
Read MorePlus, another 2.1 million Americans applied for unemployment benefits last week, Trump is expected to sign an executive order to crack down on liability protections for social media platforms, and Abercrombie shares are down after the mall-staple reported a 34% drop in sales in the first quarter.
Read MorePlus, President Trump said he would not close the country again if a second wave of coronavirus cases emerges, the IMF said banks will struggle through 2025 in a sustained low interest rate environment, E.L.F. Beauty shares are surging higher on an earnings beat, and Roku shares are down after a downgrade.
Read MorePlus, another 2.4 million Americans filed for unemployment bringing the pandemic total to more than 38 million, AstraZeneca was awarded $1.2 billion from the U.S. government for the development of its COVID-19 vaccine, and Best Buy shares are down after earnings.
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