A New York man’s struggle to collect unemployment benefits and resulting hardship are emblematic of financial shortcomings amid the coronavirus pandemic in the US.
Here’s what happened to the stock market on Friday
Stocks got a jolt Friday as news about a potential coronavirus treatment increased hope for an economic recovery following the outbreak.
Big Tech went from growth stocks to Wall Street’s Treasury bond substitute during the coronavirus
Wall Street flocked into these names because they believe their business models can not only weather this downturn, but thrive in it.
Stocks making the biggest moves midday: Gilead, Wells Fargo, Carnival & more
These are the stocks posting the largest moves in midday trading.
American Airlines tells Boeing: No financing, no 737 Max deliveries
American Airlines executives have told Boeing they will not take delivery of 17 Boeing 737 Max airplanes unless the airline can secure financing to pay for the aircraft, people familiar with the discussions told CNBC.
Japanese Yen Outlook Bullish on Coronavirus Surge, US Earnings Season
The Japanese Yen may rise if a growing number of coronavirus cases around the world puts a premium on anti-risk assets. JPY’s gains may be amplified if corporate earnings fail to impress investors.
Dow Jones, S&P 500, DAX 30, FTSE 100 Outlook: Stocks Week Ahead
The Dow Jones and S&P 500 nervously face the earnings season ascoronavirus deaths could reimpose lockdowns. The DAX 30 eyes an EU rescue package as the FTSE 100 awaits GDP data.
Euro Forecast: EUR/USD to Find Direction from ECB and EU Summit
Two major events will dominate Euro trading in the coming week: an ECB meeting on Eurozone monetary policy, followed by an EU summit to reach agreement on a recovery fund.
XAU/USD Outlook Bearish For Q3 on Financial Risks, Covid-19 Pandemic
Gold prices may surrender to the US Dollar if another wave of the coronavirus hammers global growth prospects and destabilizes the fragile corporate debt market.
Gold Price Forecast: Fed Balance Sheet Drop May Cap Bullion's Surge
Gold price gains seem to depend on monetary stimulus expansion and may turn lower as contraction of the Federal Reserve’s balance sheet underpins the US Dollar.