Investors will return from a long holiday weekend in the United States on Monday to what could be calm before the storm – a relatively quiet week before a deluge of second-quarter corporate earnings reports is released from July 13. However, most observers are looking at second-quarter earnings as they …
Read More »Here’s why America’s struggles with the coronavirus could lead to Europe’s stock market taking the lead.
A growing number of prominent Wall Street institutions are making the prediction that 2020 will be the year for Europe’s stock market to overshadow its American counterpart as the coronavirus takes divergent paths across the two economic powers. Despite the United States struggling to curb the deadly COVID-19 disease, the …
Read More »Airlines are taking new bailout cash as prospects worsen
Text size Daniel Slim / AFP via Getty Images American Airlines Group and other companies are queuing for more rescue funds under the Care Act, as the industry faces an increasingly precarious situation due to an increase in coronavirus cases. Five major airlines signed a letter of intent with the …
Read More »Increase nearly 400 points after strong job report despite record rise in new daily coronavirus cases
US stocks rose on Thursday as investors digested a stronger-than-expected monthly employment report amid a growing number of new cases of coronavirus. The US financial markets will be closed on Friday and the bond market will close an hour earlier at 2 pm ET on Thursday, and the Independence Day …
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 …
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