Unemployment is nearing Great Depression levels. Here’s how the eras are similar — and different
Signs hang from the Meridian Heights apartment building in Northwes Washington on Monday, May 18, 2020. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) Caroline Brehman The unemployment drama playing out in the U.S. has drawn comparisons to the...
New home sales rose slightly in April, defying expectations of a huge 22% drop, as prices fall
The Annapolis Townhome model at Clarksburg Town Center on April 28, 2020 in Clarksburg Maryland. Benjamin C. Tankersley | The Washington Post | Getty Images In one of the brightest economic readings since the start of the coronavirus pandemic, sales...
Home prices gained strength as coronavirus shut down economy in March, S&P Case-Shiller says
A for sale sign is seen near a house for sale in South Pasadena, California on April 24, 2020. Frederic J. Brown | AFP | Getty Images Home prices were still gaining steam in March, as the country began shutting...
Dow futures surge nearly 500 points on hopes of a coronavirus vaccine
The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of...
Some Uber, Lyft drivers fear companies will use unemployment benefits against them
A driver and passenger wearing protective masks exit the ride sharing pickup area in a car displaying Uber Technologies signage at San Francisco International Airport in San Francisco, California, U.S., on Monday, May 4, 2020. Photographer: David Paul Morris/Bloomberg via...
Stock market live Friday: Best week in a month, small caps surge, recovery looking ‘V-shaped
New York, USA – May 8, 2018: Wall Street sign near New York Stock Exchange with flags of the United States. ymgerman | iStock Editorial | Getty Images The Dow moved lower on Friday as investors wrapped up a volatile...
Gamblers pivot to stock trading during lockdowns – Barstool’s Portnoy revives old E-Trade account
In a normal year, sports fans would be gearing up for the NBA playoffs at the end of May. This spring, with no live competition, some are searching for thrills in the stock market. U.S. brokerage firms have seen a...
Banks will struggle to generate profits even as the global economy recovers, IMF says
WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday. In its latest “Global Financial Stability Report,” the IMF found banks across nine advanced economies will struggle to generate...
Stocks making the biggest moves in the premarket: Deere, Alibaba, Foot Locker, Lululemon & more
Take a look at some of the biggest movers in the premarket: Deere (DE) – The construction equipment maker reported fiscal second-quarter earnings of $2.11 per share, compared to the consensus estimate of $1.62 a share. Revenue beat estimates as...
China decides not to set a GDP target for 2020 as coronavirus batters the economy
Chinese Premier Li Keqiang delivers his work report during the opening session of the National People’s Congress at the Great Hall of the People in Beijing on May 22, 2020. LEO RAMIREZ | AFP via Getty Images BEIJING — China...
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