Month: April 2020

U.S. stocks closed sharply higher Tuesday, lifted by growing expectations that the worst of the COVID-19 pandemic may have passed. But as first-quarter corporate earnings season kicks off, the economic fallout tally has only begun. Going forward, we will see the real impact of government efforts on businesses. The Dow […]

Oppenheimer Asset Management’s John Stoltzfus is now looking to add stocks to his portfolio —  just two months after warning investors there was no escape from the coronavirus fallout. But, its earnings season, which means it’s gambling time. On Monday, the firm’s chief investment strategist told CNBC’s Trading Nation, “[The earnings […]

Oil prices moved higher in overnight trading after OPEC and its allies agreed to cut production by 9.7 million barrels per day. The deal, which was finalized on Sunday after marathon discussions which spanned four days, is the single largest output cut in history. The group, known as OPEC+, initially […]

As the nation faces an increasingly dire economic situation along with climbing unemployment numbers, Treasury Secretary Steven Mnuchin gave Americans some much-needed positive news on Thursday. In an appearance on CNBC, he indicated that the economy could reopen in May. When host Jim Cramer asked the Secretary if he believed […]

This is almost comical. Recall that 15% of Bernie supporters stated in polls they would rather vote for Trump than Biden. The potential reopening of the economy is not the only fresh prospect easing stock market tensions. Now that the “Bernie Revolution” has officially halted, stocks are surging upwards as […]

Stocks in the Asia Pacific region were mixed Wednesday morning as countries continued to put measures in place to battle the coronavirus pandemic. Stocks in Australia led in losses among the major markets, with the S&P/ASX 200 declining 1.28% as shares of major banks such as the Commonwealth Bank of Australia and Westpac fell more than […]

White House officials have already discussed pitching a payroll tax cut and a capital gains tax cut, creating 50-year Treasury bonds and waiving businesses of liability from workers who contract COVID-19. As Americans await relief from the $2 trillion stimulus package passed less than two weeks ago, the Trump administration […]

Are Saudi Arabia and Russia through with their lover’s spat over oil? The markets seem to think so. U.S. stock futures rose on Sunday night as Wall Street tried to recover from last week’s decline. Investors tried to shake off the rising tensions between Saudi Arabia and Russia. Dow Jones Industrial […]

U.S. Treasury Secretary Steven Mnuchin said he was pressing ahead with the Friday launch of a $349 billion coronavirus rescue loan program for small businesses. This comes after conceding to bank demands as an effort to fix aspects of the program which banks claimed could cause participating lenders legal and […]

Stocks sank on Wednesday as Wall Street kicked off the second quarter on a sour note amid concerns the coronavirus will keep the economy shut down longer than expected.  “This is going to be a rough two-week period,” Trump said at a White House press conference. “When you look at night […]