The U.S. government passed the largest piece of stimulus legislation in our nation's history to allow people to keep paying their bills during the forced economic shutdowns due to the coronavirus. Consumers, in turn, used a lot of that money to speculate in the stock market.Securities trading was among...
COVID-19 brought economic slowdown, slashed supply and demand, and caused millions of people to lose their jobs. In the US, 22 million people lost their jobs in just four weeks, pushing unemployment to over 20%, compared with under 4% for the last two years. And it’s not over...
Federal Reserve officials called into action to rescue the economy from the clutches of the coronavirus worried about longer-lasting impacts from the pandemic including a second round of infections and the burden that low-income households would face, minutes released Wednesday from the central bank's April meeting showed.The meeting,...
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020.Tayfun Coskun | Anadolu Agency | Getty ImagesU.S. stock futures were largely flat on Wednesday night after concerns over the U.S. economy and the market's overall valuation sparked...
A person walks at the Wall Street subway stop in New York City.Angela Weiss | AFP | Getty ImagesU.S. stock futures were largely flat on Thursday night following a sharp rally during the regular session as investors awaited several key data sets.Dow Jones Industrial Average futures dipped 15 points,...
Every Monday morning, Tom and I have a Zoom call to discuss the coming week's priorities for this site. For the past couple of months, we've been focused on behind-the-scenes stuff as we prepared to launch the redesign. (That, and I was working on my course for Audible.)...
A major market shift is forming as the economy begins to reopen: Value stocks are gaining popularity over growth names, including technology.But according to Oppenheimer Asset Management's John Stoltzfus, that doesn't mean the winners will automatically become losers.The market bull sees technology as a vital part of the...
Assistant store manager Jesus Alvarez rings up groceries from behind a new plexiglass barrier at Ralphs Kroger grocery store after California issued a stay-at-home order in an effort to prevent the spread of coronavirus disease (COVID-19), in Los Angeles.Lucy Nicholson | ReutersThe U.S. small business relief program may...
A man wears a mask as he passes the New York Stock Exchange.Mark Lennihan | APU.S. equities rallied on Friday, despite a historic jobs report showing more than 20 million Americans lost their jobs in April, bringing the unemployment rate to a staggering 14.7% due to the coronavirus...
Reading, PA - May 8: Major Joy Mudge, left, and Kristy Kushner, right the Director of Social Services, helps to organize boxes ready for distribution. During a food distribution at the Salvation Army location on South 5th Street in Reading, PA Friday afternoon May 8, 2020. (Photo by...