A new study published recently by Henry Ford Health System shows that treatment with hydroxychloroquine cut the COVID-19 death rate significantly…
Tag: macroeconomy
U.S. economy adds record-breaking 4.8M jobs in June, smashing expectations; unemployment rate falls
A new U.S. Labor Department report shows U.S. employers added 4.8 million jobs in June. The biggest increase on record. Unemployment dropped more than…
Apple re-closes 11 U.S. retail stores total due to COVID-19 spikes
Apple said Friday it was temporarily re-closing 11 stores in four U.S. states due to concern about COVID-19 spikes. Apple said that it was re-closing…
U.S. stocks gains on economic recovery hopes
U.S. stocks rose about 1% on Friday with the tech-heavy Nasdaq hovering near a fresh record high on hopes of a recovery in post-pandemic economic…
Nasdaq hits record high as COVID-19 shutdown-induced U.S. recession becomes official
An economic recession is a business cycle contraction when there is a general decline in economic activity. In the U.S., it is defined as a significant…
Nasdaq hits record high as U.S. economy shows signs of swift rebound
On growing hopes of a swift economic rebound, the Nasdaq on Friday became the first of the three major U.S. stock indexes to bounce back to a record high …
Tech stocks boost Nasdaq as recovery optimism prevails
Tech shares drove the Nasdaq index higher on Thursday, with U.S. weekly jobless claims dipping below 2 million, bolstering economic recovery optimism …
Taiwan’s 2020 GDP expected to drop to 5-year low amid pandemic
Taiwan’s economic growth is likely to drop to its lowest point in five years in 2020 as the COVID-19 coronavirus pandemic hurts domestic consumption and…
S&P 500, Dow dive on Powell’s somber economic outlook
As Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, the S&P 500 and Dow dove on Wednesday…
Stock market jumps as lockdowns ease, U.S. states reopen for business
The U.S. stock market’s main indexes rallied on Tuesday as a number of countries and U.S. states eased coronavirus-induced lockdowns and restrictions…
Dow jumps 350 points on hopes of U.S. economy reopening
On Tuesday, stocks rose sharply on investors’s hopes for the start of the reopening of the U.S. economy. Oil prices increased for a fifth straight day…
Apple’s 2H20 growth rates depend on a healthy macroeconomic recovery
New products, stimulus and remote work/learning purchases are currently boosting Apple’s sales, but a healthy macroeconomic recovery will…
Wall Street gains as some U.S. states begin to reopen for business
Hopeful eyes watched several U.S. states that began to relax shutdown restrictions instituted in order to curb the COVID-19 pandemic and reopen for business…
President Trump says Apple CEO Cook sees V-shaped recovery
The two discussed the COVID-19 pandemic and state of the economy. Trump said Cook believes the economy will have a V-shaped recovery …
Why is the stock market rising even though 26M people are out of work?
Many investors believe the stock market has gone bonkers, saying it has become totally divorced from the reality on Main Street.…
Investors think COVID-19 sent US economy into another Great Depression
Since mid-March, 26M more people have applied for jobless benefits in the U.S. for an unemployment rate of 20.6%, closing in on Great Depression levels…
The COVID-19 data is clear: Stop the panic and end the total isolation
The COVID-19 pandemic is entering the containment phase. We now need sensible policymakers who have the courage to ignore the panic and rely on facts…
Oil prices jump, clawing back some of the recent losses
Oil jumped 40% at the high on Wednesday, recovering from early losses in a volatile overnight trading session that saw international benchmark Brent crude…
Oil drops below $1 a barrel; lowest level in history
U.S. crude oil prices plunged to their lowest level in history, below $1 a barrel, due to an historic slump in demand from the COVID-19 coronavirus pandemic…
Why the stock market could boom this year with its biggest rally ever
The stock market, before Wednesday, rallied strongly as the coronavirus curve flattened. Imagine, now, the magnitude of the rally …
Apple gaps up, helps lift Dow Jones to 500-point gain
The stock market held bullish gains in afternoon trading Tuesday as Apple, Home Depot, and Microsoft outperformed in the Dow Jones Industrial Average…
Fed Chair Powell: Recovery can be ‘robust’ once COVID-19 is contained
Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust.”
S&P 500 rallies to join Dow in exiting bear market
U.S. equity markets rallied to session highs Wednesday as the S&P 500 exited its bear market helped by a basket of news investors believe will be…
‘Naked’ investors, not COVID numbers, will determine market performance
Naked investors who went all-in on stocks might sell once they recoup some of their losses, which could lead to a bigger decline in the market…
Deep, but short: What Apple’s production recovery tells us about COVID-19 recession
Due to the COVID-19 pandemic black swan, we’re now dealing with a significant global recession. The duration is the most important factor…
S&P 500 set for worst first quarter since 1938
The S&P 500 on course for its worst first quarter since 1938, even as Wall Street seemed to steady on Tuesday as investors returned to stocks that are…
US unemployment claims surge to 3.28 million, shattering record
US unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses…
Stocks jump on stimulus bill hopes, President Trump’s reopening signal
After Trump on Tuesday signaled he was eager to reopen the economy and amid hopes that U.S. lawmakers were close to an agreement, stocks jumped …
Wall Street is finally waking up on Apple
Well, that took long enough! But, Wall Street analysts are finally waking up on Apple and drawing down estimates due to the worldwide coronavirus pandemic…
Should President Trump close all nonessential U.S. businesses?
Should President Trump declare all-out war on the coronavirus by closing all nonessential U.S. businesses? The Federal Reserve has fired its bazooka…
Dow crashes 10% in biggest one-day percentage drop since 1987
U.S. stocks tumbled more than 9% on Thursday, as the Dow, S&P 500 and Nasdaq all crashed in response to the global coronavirus pandemic…
Morningstar: COVID-19 market sell-off a ‘gross overreaction’ to a ‘severe but manageable flu’
Morningstar’s biotech strategist Karen Anderson and energy analyst Preston Caldwell are calling the COVID-19 market sell-off a “gross overreaction” to a…
Apple lost $100 billion in market value in trading today
Today in Wall Street panicking, er… trading, Apple plunged $100 billion in value while Microsoft plummeted by $83.6 billion as the broader market…
Coronavirus worries spark panic-driven sell-off on Wall Street
Today, amidst a veritable Wall Street panic, all three major U.S. stock averages opened sharply lower in a plunge so steep it triggered a trading halt…
As U.S. economy expands, coronavirus has little impact so far
As the U.S. economy expanded at a modest to moderate pace over the past several weeks, the coronavirus has had little impact so far on U.S. economic data…
Wall Street drops after Federal Reserve’s surprise rate cut
Wall Street dropped on Tuesday in a volatile session after the U.S. Federal Reserve surprised investors with a half percentage-point cut in interest rates…
Fed seen cutting rates amid virus threat, low inflation
Traders are betting that the U.S. Federal Reserve may move aggressively to cut rates due the effects of the COVID-19 coronavirus outbreak…
Coronavirus pandemic fears fuel Wall St. correction
For the sixth straight session, Wall St.’s main indexes plummeted on Thursday, with the S&P 500 confirming its fastest correction in history…
Stocks rise on China stimulus hopes, signs of slowing virus spread
Stocks rose after China unveiled several fiscal and monetary stimulus measures in an attempt to limit the damage from coronavirus-fueled business shutdowns…
Mobile World Congress cancellation is good news for Apple’s ‘iPhone SE 2’
sterday’s cancellation of the 2020 Mobile World Congress in Barcelona, Spain, could very well be good news for Apple’s “iPhone SE 2” launch…
Apple suppliers scramble to restart production in China while keeping vast factories coronavirus-free
Apple suppliers in China are scrambling to restart production. Foxconn’s main Longhua campus in Shenzhen is the size of 250 football fields…
Foxconn refutes Reuters report on restart timeline for Chinese factories
In a statement to the Taipei stock exchange, Taiwan’s Foxconn on Thursday refuted that recent Reuters reports on its plans to restart factories in China…
