U.S. stocks advanced on Thursday as upbeat U.S. domestic economic data eased concerns about surging COVID-19 cases…
Tag: macroeconomy
U.S. weekly jobless claims fall to better-than-expected 751,000; lowest level since March
Initial weekly U.S. jobless claims fell to 751,000 for the week ending October 24th, down 40,000 from the previous week. It was the lowest…
U.S. GDP booms at historic 33.1% rate
U.S. GDP accelerated at a 33.1% annualized pace in the third quarter, outpacing expectations for 31%. A surge in business and residential…
Dow Jones surges 450 points on Trump stimulus statements; Apple snaps back
The Dow Jones Industrial Average jumped more than 450 points on President Trump’s latest coronavirus stimulus tweets. Dow Jones…
Stock futures rebound after President Trump pushes for new $1,200 stimulus checks for Americans
U.S. stock futures rebounded Wednesday from Tuesday’s slide after President Donald Trump tweeted support for stimulus measures…
U.S. private employers add 749,000 jobs in September, topping expectations
U.S. private employers hired at a faster-than-expected pace in September, created 749,000 new jobs last month, according to the ADP…
U.S. job creation exceeds expectations, unemployment rate falls to 8.4%
In a welcome sign, the U.S. has returned to single digit unemployment rate numbers, falling to 8.4%, down from 10.2% in June…
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
U.S. economy tops expectations with 1.8M jobs added; unemployment rate falls to 10.2%
The U.S. economy topped expectations with 1.8 million jobs added in July. The unemployment rate fell to 10.2%, down from 11.1% in June…
Stock futures sink as COVID-19 shutdowns cause historic U.S. contraction
Wall Street’s main indexes were set to open lower on Thursday after data showed the economy suffered its steepest contraction since the Great Depression…
U.S. stocks rise on upbeat earnings ahead of Federal Reserve statement
U.S. stocks rose as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns…
Tech drags Wall St lower as U.S.-China tensions and COVID-19 cases mount
Wall Street’s main indexes dropped on Friday as U.S.-China tensions and fears over mounting COVID-19 cases weighed on investor sentiment…
Apple’s valuation could help COVID-19 economic recovery
Apple’s valuation could help the economic recovery after the COVID-19 recession. The stock market is not the economy, but it does feel strange for…
Study: Treatment with hydroxychloroquine cut death rate significantly in COVID-19 patients
A new study published recently by Henry Ford Health System shows that treatment with hydroxychloroquine cut the COVID-19 death rate significantly…
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…
