More and more states are lifting stay-at-home orders. However, don’t expect a quick economic turnaround. This is a warning that a Federal Reserve official made on...
April’s jobs report is out, and it shows a stunning 20.5 million jobs were lost last month, ballooning the unemployment rate to 14.7%. This mirrors Wednesday’s...
Albert Edwards, an economist at Société Générale, is out with his latest research note and the self-described “uber-bear” doesn’t disappoint. “We are in the midst of...
Investors are greedy and overly-optimistic right now. They expect a much easier economic recovery once the government lifts coronavirus restrictions. This is according to both a...
At least one billionaire investor says he’d be buying shares in airlines right now. This happened only days after Warren Buffett had announced that Berkshire Hathaway...
The stock market rally continues, and states are slowly starting to reopen their economies. The earnings season wasn’t as bad as many expected. So, it’s now...
America had an economy that was virtually shut down for the past six weeks. Also, 30 million Americans – and counting – losing their jobs. Additionally,...
The Treasury Department announced it plans to borrow $3 trillion in the second quarter. They plan to use this to help pay for the various stimulus...
Tesla CEO Elon Musk capped an interesting week. He did so by tweeting out “Tesla stock price is too high imo (in my opinion)” Friday morning,...
At Berkshire Hathaway’s annual meeting, held virtually for the first time ever due to the coronavirus pandemic, Warren Buffett announced that the company had sold all...
