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Economy | Sat, Apr 18, 2020 | By

Nightmare scenario for economy is becoming less likely, award-winning forecaster says

Even in normal times, being an economic forecaster requires a multi-disciplinary approach. Not only do you need to understand the economic relationships, but you have to take all sorts of...Read More

Stocks | Sat, Apr 18, 2020 | By

Coronavirus creates a market of ‘haves and have-nots,’ with the Dow posting its best 2-week run in 82 years amid 22 million job losses

“It was the best of times, it was the worst of times…it was the spring of hope, it was the winter of despair,” to borrow from the opening lines of...Read More

Business | Fri, Apr 17, 2020 | By

Pence coronavirus call with Senate Democrats reportedly goes off the rails

WASHINGTON — Tensions spilled over in a call between the coronavirus task force and Senate Democrats on Friday — one lawmaker telling Vice President Mike Pence: “I have never been...Read More

Economy | Fri, Apr 17, 2020 | By

U.S. gasoline prices drop to more than 10-year lows in some states

Some U.S. states have seen gasoline prices at the pump drop to their lowest levels in more than a decade as travel restrictions aimed to stem the spread of the...Read More

Daily Scoop | Fri, Apr 17, 2020 | By

Counterintuitive

In a recent but counterintuitive tradition of the stock market, all three indices finished Thursday in the green despite another staggering job loss report. Beyond the overall market, investors continued...Read More

Daily Scoop | Thu, Apr 16, 2020 | By

A Jolt Of Reality

Grim earnings reports and economic data nudged investors with a jolt of reality. Beyond the overall market, video game stocks are winning, while oil stocks are crashing. Oh, by the...Read More

Business | Wed, Apr 15, 2020 | By

Beige Book reports sharp contraction in activity and says business contacts expect conditions to get worse

The outlook: The social-distancing mandate needed to stem the coronavirus epidemic led to a sharp and abrupt contraction in economic activity across all regions of the country, according to the...Read More

Business | Wed, Apr 15, 2020 | By

G-20 has agreed to debt standstill for world’s poorest countries, IMF and World Bank heads say

The G-20 richest nations have agreed on a debt standstill for the world’s poorest nations, according to the leaders of the International Monetary Fund and World Bank.Read More

Daily Scoop | Wed, Apr 15, 2020 | By

Cheques In The Mail

The stock market rallied thanks to the promise of "cheques in the mail." Beyond the overall market, it looks like investors are partying for no apparent reason, while the first...Read More

Economy | Tue, Apr 14, 2020 | By

The S&P 500 just posted the most daily swings of 3% or greater in more than a decade—even as the stock market hits a 5-week high

U.S. stocks are attempting to recover from their most recent lows of late March, but the recent market gyrations, even with Tuesday’s positive swing, highlight why this coronavirus-stricken market is...Read More