Benchmarks for US equities fell sharply lower on Friday morning, with major indices poised to end the week’s losses as investors analyzed a record surge in new coronavirus cases and the implications of Federal Reserve Bank stress test results announced Thursday night. How are the benchmarks working? The Dow Jones …
Read More »Why is there so much drama about when to claim Social Security?
No wonder there is such wide disagreement about the optimal age to start receiving Social Security. The seemingly trivial differences in the way you ask the question lead to dramatically different answers. You’ll get an answer if you frame the problem in terms of how long future retirees must live …
Read More »Unemployment claims fall to 1.48 million, but slow decline indicates hectic economic recovery
The numbers: New claims for traditional unemployment benefits fell slightly last week to 1.48 million, but remain stubbornly high three months after the start of the coronavirus pandemic, signaling that an incipient economic recovery is likely to be uneven. Initial jobless claims, a rough measure of layoffs, declined in the …
Read More »Dow prepares to fight for altitude after the biggest loss in 2 weeks, in the middle of a day filled with economic reports and bank stress tests
The actions of EE. USA They are trading lower on Thursday after major benchmarks set for their worst one-day drop since June 11, amid growing signs that COVID-19 cases are accelerating, snarling efforts to reopen various states and threatening the economy’s ability to back down. deadly outbreak. Investors will face …
Read More »Vitamin seller GNC Holdings files for bankruptcy
GNC Holdings Inc. filed for Chapter 11 bankruptcy protection Tuesday with plans to sell and close up to one-sixth of its 7,300 stores worldwide. The GNC vitamin and supplement vendor, -24.69% He blamed the presentation of the slump in sales due to the coronavirus pandemic, demands from faster payment providers, …
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