“ “I think we have a second tranche and that is very reminiscent of what happened in the 1930s, where people appreciate the depth of this recession and the disruption and how long it will take to recover.” “ That’s A. Gary Shilling, a longtime economist and president of A. …
Read More »Dow futures are up 400 points to start the week, led by a surge in China markets
US stock index futures rose sharply early Monday to begin the first full week of trading in July, with investors linking at least part of the uptrend emanating from Wall Street to a powerful rebound in China. However, Monday’s optimism in the market contrasts with a continued rise in coronavirus …
Read More »Unemployment claims from the United States continue a slow but steady decline at the end of June, falling to 1.43 million
The numbers: New claims for traditional unemployment benefits continued a slow and steady decline in late June, moving in the right direction, but at a slow pace showing that the labor market is still struggling to recover after the biggest wave of layoffs in the United States history. Initial jobless …
Read More »Nikola’s arrest warrants are outpacing the population, but there are risks
Text size The novelty of Nikola’s truck technology adds to the volatility of stocks. Courtesy of Nikola. Stock of pioneering electric trucks and fuel cells Nikola is being surpassed by a related safety: Nikola warranties. There are still opportunities in warrants for aggressive investors, and it could seem like free …
Read More »Debt from AT&T and other corporate giants saw higher Federal Reserve purchases
The Federal Reserve on Sunday released more details of an emergency loan program that buys corporate debt, showing which US companies have benefited from its unprecedented measures to support the flow of credit into the economy. Through its loan facilities, the Fed is buying individual corporate bonds on the market …
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