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Markets

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Economic Reopening Backfires, COVID Surge Snaps Recovery

Jun 27, 2020 at 18:00

The reopening failed, and coronavirus cases are once again soaring, even if Vice President Pence is encouraging the media to focus on the positive details.

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Luxury Clothing Isn’t A Priority As Americans Grapple With COVID-19

Jun 25, 2020 at 14:00

There’s nothing like a global pandemic to put fashion into perspective

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U.S. Banks Have Seen $2 Trillion In Deposits Since January

Jun 22, 2020 at 18:00

In April, US banks took in $865 billion in cash deposits, and since January, they’ve taken in $2 trillion.

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Foreclosure Moratorium Extended, But Only for Some

Jun 21, 2020 at 19:00

The new moratorium for borrowers with mortgages backed by Fannie Mae and Freddie Mac runs until at least the end of August,

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Retail Is Still Struggling

Jun 17, 2020 at 18:00

U.S. states are now open again for business, but the lines outside of places like TJMaxx might be misleading.

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Is The Fed Getting Desperate?

Jun 16, 2020 at 12:00

Equity markets are flying, emerging markets are up, bond yields are creeping ever so slightly higher, credit is doing just fine

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Americans Are Counting On Another COVID Stimulus Check

Jun 03, 2020 at 18:00

Even though the US economy is gradually reopening, millions of Americans are still suffering financially, with more than 40 million people having filed for unemployment,

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The Fed Is Printing Money At Unprecedented Levels

May 28, 2020 at 17:00

The U.S. government and Federal Reserve can’t pump this much money into the financial system and not trigger rapid inflation—and potentially even hyperinflation

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How Is The Real Estate Market Handling COVID-19?

May 28, 2020 at 16:00

Current data released for the May Real Estate and Consumer Spending activity suggests a wave of refinancing is taking place – and not much else. 

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40 Million Jobless As Pandemic Fuels Economic Collapse

May 28, 2020 at 11:00

Over the past ten weeks, over 40 million Americans have applied for unemployment benefits