The Food and Drug Administration has expanded its list of toxic hand sanitizers to 75 products that it says contain methanol, a toxic substance that could ultimately lead to death if absorbed through the skin or ingested and therefore it is not safe for human use. The warning includes some …
Read More »Microsoft shares pull back from record as sole analyst downgrades after strong quarter
Shares of Microsoft Corp. retreated from record levels on Thursday when an analyst downgraded the shares despite Wall Street’s general agreement that the software giant was well diversified to handle the challenges posed by COVID-19. Microsoft MSFT, -4.12% Shares fell to an intraday low of $ 204.42 and last lost …
Read More »“We want a stable dollar,” says US Treasury Secretary Mnuchin: “It is the world’s reserve currency and we are going to protect that.”
Treasury Secretary Steven Mnuchin says the Trump administration’s goal is a stable US dollar, while, separately, he notes that some foam is seeping into the stock market that has risen from its coronavirus lows to end of march. “ “Clearly there are some individual stocks, I’m not going to mention …
Read More »Existing home sales rebounded sharply in June from the lows fueled by the pandemic, but will the recovery be sustainable in the long term?
The counts: Previously owned home sales increased 20.7% in June when states reopened their economies following coronavirus-related blockades. Existing home sales occurred at a seasonally adjusted annual rate of 4.72 million, the National Association of Real Estate Agents reported Wednesday. It was a big rebound from May, when sales fell …
Read More »DIY renovation projects offer the best return to homeowners, but there is a catch
Thanks to the coronavirus pandemic, Americans have much more free time, and they spend that time at home. Earlier in the health crisis, economists predicted that spending on renovation projects would actually sink in much of the country. But recent data shows that there has been a definite increase in …
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