Republican lawmakers have put forth another coronavirus relief plan that includes a second stimulus payment. The HEALS Act — the Health, Economic Assistance, Liability Protections and Schools Act — follows up to the March relief bill. The initial stimulus bill, the CARES Act — the Coronavirus Aid, Relief, and Economic Security Act — gave $1,200 […]
Equity markets have demonstrated to be mixed through July as well as year-to-date amidst the ongoing impact of the coronavirus, GDP U.S. economy experiencing a -32.9% contraction and strong corporate earnings. According to FactSet, 84% and 69% have topped consensus earnings and revenue estimates respectively with 63% of companies reporting. All three major averages rose […]
Government payouts and loose monetary policy are both contributing to a weak dollar. When this situation occurs, people look to safeguard their money. The uncertainty leads citizens to be concerned about future buying power. Gold has seen quite a run-up in its price, lately. Given its status as the de facto standard for safe haven […]
In a post-coronavirus world, Europe will be a global leader in renewable energy and carbon footprint reduction initiatives. The region has been investing in renewable energy initiatives for decades. Also, international travel will return — eventually. Most of the European continent will be open for international business earlier than the United States if coronavirus infections […]
BCA Research Chief Global Strategist Peter Berezin recognizes the “nervous” sentiment among traders. “Nevertheless,” he says, “we would ‘buy the dip’ if global equities were to fall 5% to 10% from current levels.” “While the pace of reopening will slow, there is little appetite for the sort of extreme lockdown measures that were implemented in March,” […]
Speaking about economic recovery, Federal Reserve Chairman Jerome Powell warned there would be “significant uncertainty” going forward — all due to the ongoing COVID crisis. “The levels of output and employment remain far below their pre-pandemic levels, and significant uncertainty remains about the timing and strength of the recovery,” said Powell. “Much of that economic uncertainty […]
The current air quality of Washington D.C. has reached purity levels not seen in over 25 years. Los Angeles, once the perennial butt of smog-related jokes, now has some of the best air quality in the country. NASA scientists have recently stated that nitrogen dioxide levels have decreased by over 30%. Nitrogen dioxide is a […]
A disagreement between OPEC+ members lead to a price war earlier in the year, but as a stock analyst wrote in a note to their clients, “The biggest threat to oil demand is the rise of remote working.” It get worse. “A decrease in commuting and business air travel is clearly negative for oil demand.” […]
Big businesses will prosper and everyone else will suffer, thanks to the pandemic. That’s the view of Jim Cramer, the irascible CNBC host of “Mad Money.” The business lockdown due to the COVID-19 pandemic led to “one of the greatest wealth transfers in history,” Cramer says. Large essential big-box retailers, like Walmart, were allowed to stay […]
As nearly half of U.S. states brace for an onslaught of new COVID cases, the financial impact is becoming nearly unavoidable — small business going under in droves, making the employment picture worse by the day. “You are going to have such a flood of cases going to the bankruptcy court,” predicts Stephen Ross, chairman of […]
