The rush is on for reopening America and get the economy going once again. All 50 states are now reopening America – under various rules and regulations. The move to reopen America is creating a great optimism among investors. And stocks are surging to...
Federal Reserve Chairman Jerome Powell says Congress must spend more. Powell explained that the recovery will take longer than expected. And that will require more fiscal stimulus by the government. “The scope and speed of this downturn are without modern precedent, significantly worse than...
Tesla Motors (NASDAQ: TSLA) is re-opening its plant in California today. The move defies an Alameda County order that restricts Tesla from operating the Tesla manufacturing line. Tesla CEO Elon Musk took to Twitter to explain . . . “Tesla is restarting production today...
President Trump and governors across the U.S. are pushing to open America. It’s crucial that the U.S. re-opens in order to save the economy. However, re-opening America comes at a significant cost. A confidential report titled Centers of Disease Control and Prevention Situation Update...
3.8 million: That’s how many new unemployment claims were filed last week. And it brings the total to more than 30 million unemployed in just six weeks. Many states are unable to process the flood of unemployment claims. That means the true number could...
America’s economy shrank by 4.8% in the first quarter, reflecting fallout from the coronavirus outbreak. That means the economy is definitely heading for a recession. A recession is defined as two consecutive quarters of negative GDP growth. Consumer spending dropped by 7.6%, marking the...