Bill Gates: Schools will reopen in the fall, but economy won’t magically return to the way it was
Billionaire philanthropist Bill Gates told CNBC he thinks schools will be able to resume in the fall but the U.S. economy won’t magically return to the way it was before the coronavirus pandemic. Governments around the world have ordered people to...
Federal Reserve unveils details of $2.3 trillion in programs to help support the economy
The Federal Reserve on Thursday announced a bevy of new moves aimed at getting another $2.3 trillion of financing into businesses and revenue-pinched governments. Stock futures jumped after the announcement, which came moments after the government reported that 6.6 million new...
US weekly jobless claims jump by 6.6 million and we’ve now lost 10% of workforce in three weeks
Jobless rolls continued to swell due to the coronavirus shutdown, with 6.6 million Americans filing first-time unemployment claims last week, the Labor Department reported Thursday. That brings the total claims over the past three weeks to more than 16 million....
Powell says the economic recovery can be ‘robust’ after the coronavirus is contained
Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust” despite the sharp downturn. In the meantime, he said the central bank is committed to doing whatever it can to support the...
5 million more unemployment claims expected, but layoffs are now broader and could be more permanent
People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fort Smith, Arkansas, April 6, 2020. Nick Oxford | Reuters Another 5 million workers...
A painful earnings season shouldn’t drive stocks back to the low, Wells Fargo’s Chris Harvey predicts
Wells Fargo Securities’ Chris Harvey believes the worst is behind the market — even as Wall Street braces for a painful earnings season. According to the firm’s head of equity strategy, the steps taken by the Federal Reserve and Capitol...
Fed will keep rates near zero until economy has ‘weathered’ coronavirus impact, minutes show
Federal Reserve policymakers at their March 15 meeting indicated that not only did they consider it important to use all their rate power now, but also that they intend to keep rates anchored at the bottom for the foreseeable future,...
Stocks making the biggest moves in the premarket: Tesla, Amazon, Disney, Boeing, Zoom Video & more
Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer will furlough an unspecified number of workers starting April 12. It will pay workers until April 11, and provide...
Your forgivable loan may be undercut by this provision of the Paycheck Protection Program
Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020. Kevin Dietsch | Bloomberg | Getty Images Small businesses are clamoring for funds from...
This historic market trend just ‘flipped’ in the coronavirus chaos
The coronavirus chaos has turned a historical market trend on its head. According to Bespoke Investment Group co-founder Paul Hickey, buying and holding stocks in extended hours trading has morphed into a losing proposition for investors. Typically, it has been...
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Trading education
Introduction to Basic Trendline AnalysisIn this series we will piece together the anatomy of a swing trade and discuss ... 
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