Two key U.S. senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of two fatal Boeing 737 MAX crashes that killed 346 people.
Stock markets saw spectacular drop yesterday, as rising hospitalizations in states such as Texas and Arizona promoted fears that an uptick in coronavirus cases could cause more economic damage. It’s a clear sign that traders are not going to be easily reassured in the current crisis. Yet, according to J.P. Morgan strategist Nikolaos Panigirtzoglou there’s a light at the end of the tunnel. Panigirtzoglou argues that the massive amount of cash currently in the financial system could be the spark that pushes risk assets higher, noting that billions could be pumped into equities. This potential, however, could come at the …read more […]
A top White House economic adviser on Friday predicted an “increasing divergence” between states controlled by Republican governors and those led by Democrats, saying Republican “red” states opening up faster will see a stronger economic recovery.
Miller Value Partners recently released its Q1 2020 Investor Letter, a copy of which you can download here. You should check out Miller Value Partners top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash. In the said letter, Miller Value Partners spoke about […] …read more […]
U.S. consumer sentiment perked up in early June as households cheered the reopening of businesses and a surprise rebound in hiring, though they did not expect a significant improvement in the economy amid fears of a resurgence in COVID-19 infections.
U.S. consumer sentiment perked up in early June as households responded to the reopening of businesses, which had been shuttered to slow the spread of COVID-19, and a rebound in hiring.
Oil was little changed on Friday and headed for a first weekly fall since April as new U.S. coronavirus cases spiked, raising the prospect of a second wave of the virus hitting demand.
Global equity markets bounced back on Friday as investors took in stride the U.S. Federal Reserve’s outlook for a long road to recovery and bet shutdowns to fight the coronavirus pandemic were unlikely to be reinstated widely.
Hertz announces plans to sell $1 billion in shares. Yahoo Finance’s On The Move panel discusses. …read more […]
Market turmoil sends average mortgage rates where they’ve never been before. …read more […]
Wall Street’s main indexes rose on Friday, after a steep decline in the previous session, but were still on track for their worst week in nearly three months on fears of a rise in new coronavirus infections and economic worries.
Richmond Federal Reserve Bank President Tom Barkin he fears the coronavirus pandemic could have effects that last beyond the next couple of months and that some of the jobs lost during the downturn may not come back.
The Federal Reserve expects U.S. household finances and business balance sheets to grapple with “persistent fragilities” as a result of the shock to economic activity arising from the coronavirus pandemic, the central bank said in a report to Congress on Friday.
An anti-China advocacy group that includes former White House adviser Steve Bannon is calling on the Trump administration to exclude Chinese companies from U.S. financial markets, as the White House studies new ways to crack down on China.
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