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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
For the second time in 12 years, the U.S. economy and financial markets are facing an unexpected crisis of uncertain proportions. While the 2008 financial crisis and the current coronavirus pandemic are very different in character, both have produced extraordinary volatility in financial markets. Both downturns have also presented major challenges for financial advisors as they
0 Comments
Warren Faidley | Getty Images The coronavirus pandemic has battered Americans’ household finances, but another major threat lies around the corner: hurricane season. Only 15% of adults polled by the American Institute of CPAs have created a disaster plan to protect their household finances. The organization, which represents accountants, polled 2,050 U.S. adults in the
0 Comments
State and local governments need federal funding for K-12 education.  Otherwise, severe budget cuts will damage the economy, undermine our long-term prosperity, and increase inequality and discrimination. Striking teachers are joined by parents and students on the picket line outside Dahlia Heights … [+] Elementary School in the Eagle Rock section of Los Angeles, California on
0 Comments
People sit on terrace tables at cafe in Stockholm, Sweden, on Thursday, March 26, 2020. Sweden is starting to look like a global outlier in its response to the coronavirus. Bloomberg As Sweden’s Nordic neighbors look to reopen borders and lift travel restrictions, worries over Stockholm’s controversial approach to the coronavirus has increased concerns that
0 Comments