As states reopen, it’s a race against the clock for small businesses to pay bills and stay solvent
An employee wearing a protective mask sanitizes a table at a restaurant in Tucson, Arizona, U.S., on Monday, May 11, 2020. Cheney Orr | Bloomberg | Getty Images As state shutdowns are lifted, the focus has turned to whether small...
Weekly mortgage applications point to a remarkable recovery in homebuying
A prospective homebuyer takes in the view at a beach front property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images If mortgage demand is an indicator, buyers are coming back to the housing market far faster than...
Stocks making the biggest moves in the premarket: Target, Lowe’s, McKesson, Harley-Davidson & more
Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned 59 cents per share for the first quarter, beating the consensus estimate of 40 cents a share. Revenue beat forecasts as well. Comparable...
NZD/USD Breakout Could Occur
The New Zealand Dollar surged by 61 basis points or 1.01% against the US Dollar on Tuesday. The currency pair breached the weekly R1 at 0.6082 during yesterday’s trading session. All things being equal, the NZD/USD exchange rate will most...
Dollar and Yen Soft, Awaiting Next Move in Risk Markets
While risk market retreats mildly, the developments in currency markets are unchanged. New Zealand and Australian Dollar remain the strongest one for now. In particular, Kiwi is lifted a bit further by RBNZ governor’s comment that it doesn’t want to...
Soft Japanese Economy, Subdued Yen
Executive Summary Japan’s first quarter GDP fell less than expected, although there were some concerning elements in the details of the report. Private sector activity was particularly weak, while we note that leading indicators are consistent with a much sharper...
The future of supply chains after Covid-19
Online delivery slots remain elusive, but perhaps the fact that UK supermarket shelves are stacked with toilet rolls and tinned tomatoes once again is a sign that panic buying due to the coronavirus pandemic has begun to abate. But unprecedented...
CBO projects 38% drop in GDP, $2.1 trillion increase in the deficit
Capitol Hill signs ask for more PPE masks for healthcare workers in Washington, D. C. on April 17, 2020. Ashley Stringer | CNBC The Congressional Budget Office released its own bleak outlook Tuesday for economic growth, unemployment and the federal...
Stocks making the biggest moves midday: Kohl’s, Moderna, Peloton, Carvana and more
A shopper prepares to pay for items at a Kohl’s department store in Peru, Illinois, May 16, 2019. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Moderna — Shares of the biotech company fell...
Jamie Dimon says coronavirus crisis is ‘wake-up call’ for a more inclusive economy
JPMorgan Chase CEO Jamie Dimon said Tuesday in a memo that the coronavirus crisis should be used to build an economy that offers opportunities for “dramatically more people.” The memo, issued ahead of his bank’s annual shareholder meeting, served as an update...
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