We have geopolitical tensions to add to a plate of investor concern filled with COVID-19 concerns. However, US stocks point to a rally for Tuesday, after a slow start to the week. Our call of the day from Nordea’s chief macro strategist, Sebastien Galy, says it’s time to be more …
Read More »WHO chief tears apart certain leaders for eroding public confidence
Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization, attends a press conference on June 25 in Geneva. AP GENEVA – The head of the World Health Organization on Monday criticized some government leaders for eroding public confidence by sending contradictory messages about the coronavirus and warned that if they …
Read More »Stocks are resilient because investors have braced themselves for much worse COVID-19 news, says strategist
What will stand in the way of market gains? Clearly, it’s not bad news about COVID-19, as investors try to see the silver lining in these uncertain times. Take this chart that shows how Arizona cases have started to flatten, by Pantheon Macroeconomics, which expects that state to respond earlier …
Read More »Florida Registers 10,000 New Coronavirus Cases, Largest Daily Rise Since Pandemic Started
Florida has just set a new record in the uphill battle against COVID-19. Florida reported more than 10,000 new cases Thursday, its highest number of new cases daily since the COVID-19 pandemic began. It also reported about 169,100 cases, most of which do not represent those who are asymptomatic or …
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 …
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