Month: May 2020

Over 30 million Americans have filed for unemployment amid the coronavirus pandemic. mpi43/MediaPunch/MediaPunch/IPx Topline: As the coronavirus pandemic keeps Americans confined to their homes, nearly every industry has been negatively impacted by the disease, and businesses losing out on cash flow have started laying off workers. Here’s who’s axed staff so far: Airlines & Transportation
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A major market shift is forming as the economy begins to reopen: Value stocks are gaining popularity over growth names, including technology. But according to Oppenheimer Asset Management’s John Stoltzfus, that doesn’t mean the winners will automatically become losers. The market bull sees technology as a vital part of the economic fight to function amid
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CNBC’s Jim Cramer said Wednesday that he thought some stocks were rallying too far too quickly given the high level of unemployment in the United States as the economy tries to pull out of the coronavirus slowdown.  “It’s too ‘happy days are here again,'” Cramer said on “Squawk on the Street.” “It’s just not going
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A House bill with bipartisan support would allow 2020 college graduates to postpone their student loan payments for three years without interest accruing.  Meanwhile, Sen. Mitt Romney, R-Utah, has introduced legislation in the Senate that would do the same.  “Students graduating from college this year are suddenly facing significant hurdles entering the workforce,” Romney said
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Global deaths due to Covid-19 surpassed 350,000 as U.S. deaths near 100,000 and states push forward with reopening plans. California Gov. Gavin Newsom said Tuesday that most of the state’s barbershops and hair salons can reopen with modifications. Nevada Gov. Steve Sisolak said the state is moving into phase two of its reopening plan, which will
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