Text size What were we worried about again? The stock market is certainly not falling, because it doesn’t seem to do so terribly often these days. After falling 710 points on Wednesday, the Dow Jones Industrial Average rose 299.66 points, or 1.2%. while the S&P 500 gained 1.1% and the …
Read More »The actions of staying at home were suddenly back in fashion, says Jim Cramer
Stay-at-home stocks benefiting from the coronavirus pandemic pushed the stock market higher as investors continued to grapple with the surge in cases in dozens of states, CNBC’s Jim Cramer said Thursday. “When the state of Texas was forced to pause its reopening plan due to record-breaking Covid infections … suddenly, …
Read More »Future flat after bank stress test results, Nike reports surprise loss
Traders work during the opening bell on the New York Stock Exchange (NYSE) on March 16, 2020 on Wall Street in New York City. Johannes Eisele | AFP | fake pictures US stock futures were mostly flat on Thursday night after the release of the latest Federal Reserve bank stress …
Read More »Why is there so much drama about when to claim Social Security?
No wonder there is such wide disagreement about the optimal age to start receiving Social Security. The seemingly trivial differences in the way you ask the question lead to dramatically different answers. You’ll get an answer if you frame the problem in terms of how long future retirees must live …
Read More »Unemployment claims fall to 1.48 million, but slow decline indicates hectic economic recovery
The numbers: New claims for traditional unemployment benefits fell slightly last week to 1.48 million, but remain stubbornly high three months after the start of the coronavirus pandemic, signaling that an incipient economic recovery is likely to be uneven. Initial jobless claims, a rough measure of layoffs, declined in the …
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