This is the greatest 50-day rally in the history of the S&P 500
The S&P 500 has returned 37.7% over the last 50 trading days, making it the benchmark index’s largest 50-day rally in history, according to LPL Financial. And if history is any indication, there could be more gains ahead. Looking at...
Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared
Companies trimmed another 2.76 million workers in May as the coronavirus pandemic continued to slice through the U.S. economy, according to a report Wednesday from ADP. Job losses were especially deep in large businesses, which reported a decline of more...
Brazil: Covid-19’s waves begin to wash up on LatAm’s shores
Brazil is on the other side of the world from China, the epicentre of the coronavirus, but it has become one of the countries most directly impacted by the disease – which is a huge headache for the Central Bank...
Helping China cut carbon emissions isn’t a financial game every business can play
A worker examines a sewage recycling pool in the coal liquefaction factory of CHN Energy in Ordos, north China’s Inner Mongolia Autonomous Region, April 11, 2019. Xinhua | via Getty Images BEIJING — China has a lot more to worry about...
GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge
A worker assembles an X model at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019. Charles Mostoller | Reuters Economic activity in the second quarter has been cut by more than half, according to a tracker employed...
Visa sees a pickup in consumer spending in May
Chase Visa Tap to Pay Source: JP Morgan Chase Visa’s total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer spending was picking up as the government starts to ease coronavirus-induced...
Investors should brace for a 15%-20% downdraft due to escalating risks, BTIG’s Julian Emanuel warns
BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback. Emanuel, who came into 2020 as one of Wall Street’s biggest bulls, sees a stock market out of alignment with the economy as risks rise. “It’s...
Stocks making the biggest moves midday: Pfizer, Chipotle, Gap, Target, Delta, Carnival & more
A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. Brendan McDermid | Reuters Check out the companies making headlines midday Monday: Pfizer — Pfizer dropped more than 8%...
U.S. manufacturing activity pulls off 11-year low
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the Covid-19 crisis could take years because of high unemployment....
In a post-coronavirus world, China looks set to grow while the rest of the world contracts
In the face of a global recession, China looks set to be one of the few countries that will expand, economically and politically, analysts say.
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