Longtime bear David Rosenberg questions need for additional virus aid, suggests households are swimming in cash
He’s known as one of Wall Street’s longtime bears. But David Rosenberg appears to exude more optimism than...
El-Erian says coronavirus devastation of small businesses threatens capitalism in the U.S.
Small business devastation during the coronavirus crisis presents risks to capitalism in the United States, Mohamed El-Erian told CNBC...
Stocks making the biggest moves in the premarket: Alibaba, Estee Lauder, CureVac, Nvidia & more
Take a look at some of the biggest movers in the premarket: Alibaba (BABA) – The China-based e-commerce...
U.S. weekly jobless claims jump back above 1 million
The number of people filing for unemployment benefits last week was greater than expected, raising concern about the...
Fed officials expect that coronavirus will ‘weigh heavily’ on the economy, minutes show
Federal Open Market Committee members expressed concern at their latest meeting over the future of the economy, saying...
Waiting for that extra $300 weekly unemployment benefit? For thousands, it may never come
People wait for their numbers to be called at an unemployment event in Tulsa, Oklahoma, on July 15,...
Fed faces a ‘major challenge’ in making its new inflation strategy official, former governor says
The U.S. central bank will be faced with a delicate balancing act if it opts to embrace a...
European markets set to open slightly higher after record highs on Wall Street
European stocks are set to open slightly higher on Wednesday, following a strong session stateside that saw the...
Walmart says consumer spending dropped as stimulus checks ran out
Walmart’s fiscal second-quarter sales got a boost from this spring’s stimulus checks, but that tapered off in July...
U.S. housing starts surge 22.6% in July
U.S. homebuilding picked up for a third straight month in July in the latest sign the housing sector...
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