Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, an increase in coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average …
Read More »Biden says he would need masks; Russia Reports New Lower Daily Cases Since April
The White House coronavirus task force is slated to hold its first news briefing in nearly two months on Friday as new coronavirus cases continue to emerge in much of the country. Vice President Mike Pence will lead the briefing, according to the Department of Health and Human Services, but …
Read More »Why is a strategist really encouraged by an increase in new cases of US coronavirus?
It is only the nature of the market that the coronavirus pandemic has forced all fund managers and analysts to become hobbyist epidemiologists. So here are some of the thoughts from COVID-19 by Christopher Wood, global head of capital strategy at Jefferies. In fact, he is encouraged by the latest …
Read More »Nike slips on Covid-related surprise loss
Text size Gross margins fell 8.20 percentage points, even with fewer discounts, due to supply chain disruptions and related costs. Timothy A. Clary / AFP via Getty Images Nike shares fell after hours as the sporting goods retailer lost a surprise in its fiscal fourth quarter amid store closings as …
Read More »Trump administration calls on Supreme Court to remove Obamacare | United States News
The Trump administration has asked the United States Supreme Court to overturn the Obamacare law that added millions to the health safety net, but has been at the center of the political controversy. Government advocate Noel Francisco argued in a presentation Thursday night that the Affordable Care Act (ACA), one …
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