On Thursday, the United States broke its record for most new coronavirus cases reported in one day, as concerns about a second wave of the pandemic continue to rise. As numbers rise in the south, 40,401 new cases were reported Thursday, according to a Johns Hopkins database, beating the previous …
Read More »Flat futures, losing week, declining bank stocks, Nike crash
Traders wear masks while working on the floor of the New York Stock Exchange as the outbreak of coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters This is a live blog. Check back for updates. 8:06 am: Bank shares fall when the Fed imposes restrictions …
Read More »Investor group files criminal complaint against EY auditors
Letters from payment service provider Wirecard can be seen on a laptop screen Silas Stein | image alliance | fake pictures German shareholders association SdK has filed a criminal complaint against the auditors of the outrageous payments firm Wirecard. SdK’s complaint is directed at two current and one former employee …
Read More »US orders for high-priced factory products increased 15.8% in May
Orders to US factories for high-value products recovered last month from a disastrous April and March when the US economy slowly began to reopen By PAUL WISEMAN AP Economics Writer June 25, 2020 1:46 PM 2 min read 2 min read Share on FacebookShare on TwitterEmail this article WASHINGTON – …
Read More »US GDP fell at a rate of 5.0% in the first quarter; worse is likely down the road
WASHINGTON (AP) – The US economy contracted at a rate of 5.0% in the first quarter and much worse performance is expected in the current three-month period, when the coronavirus pandemic began to spread across the US USA The Commerce Department reported Thursday that the decrease in gross domestic product, …
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