The market is so haywire some Wall Street strategists threw in the towel on giving S&P 500 targets
The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next. Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended...
Coronavirus hits already struggling US farmers: ‘We’ve stopped saying it can’t get worse’
In this photo taken March 20, 2020, cattle rancher Joe Whitesell rides his horse in a field near Dufur, Oregon, as he helps a friend herd cattle. Gillian Flaccus | AP U.S. farmers have endured a slew of financial hardships...
‘No layoffs’ — Bank of America CEO doesn’t want workers worrying about jobs during coronavirus crisis
A sign hangs above the entrance to a Bank of America branch in Chicago, Illinois. Scott Olson Bank of America CEO Brian Moynihan said his bank’s 200,000-plus employees won’t have to worry about layoffs this year, joining banks including Morgan Stanley...
Pence says economic fundamentals remain strong despite massive coronavirus impact
Vice President Mike Pence said Friday that the fundamentals of the U.S. economy remain robust despite the coronavirus pandemic that has tanked markets and led to unprecedented layoffs of millions of Americans. “While the stock market has ebbed and flowed,...
Coronavirus stimulus just pushed Fed’s balance sheet past $5 trillion for the first time ever
Though the Federal Reserve’s efforts to keep markets running and boost the economy are just getting into gear, its asset portfolio has reached levels never seen before. The central bank’s balance sheet, which consists largely of bonds and other assets...
IMF chief Georgieva says the world is in a recession, containment will dictate strength of recovery
International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks to COVID-19, but that she’s heartened to see world leaders finally realizing that only a coordinated effort will be able to stem...
US consumer sentiment falls to lowest level in more than 3 years
Doug Hassebroek shops with a protective mask during the outbreak of coronavirus disease (COVID-19) in Brooklyn, New York, March 25, 2020. Caitlin Ochs | Reuters U.S. consumer sentiment fell to a three-year low as the coronavirus outbreak takes a toll...
US consumer spending rose, inflation was moderate in February
A cashier, left, returns cash to a customer at a Vineyard Vines store in Illinois. Daniel Acker | Bloomberg | Getty Images U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months,...
US consumer spending rises moderately in February
A cashier, left, returns cash to a customer at a Vineyard Vines store in Illinois. Daniel Acker | Bloomberg | Getty Images U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months,...
Xi calls for coordinated response to coronavirus at G-20 meeting
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, chairs a symposium at the School of Medicine at Tsinghua University in Beijing, capital of China, March 2,...
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Trading education
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