The Dow dipped 218.45 points, or 0.91% to close at 23,664.64. The S&P 500 closed 0.7% lower at 2,848.42. And the Nasdaq Composite advanced 0.51% to 8,854.39. Stocks fell on Wednesday as investors weighed the potential of the U.S. economy reopening amid more dismal employment data. A report from ADP and Moody’s Analytics showed private payrolls […]

Warren Buffett told shareholders on Saturday that Berkshire Hathaway unloaded all of its positions in the airline sector. “I was wrong about that business,” he admitted. For one group of investors, him being wrong had to feel so right. According to S3 Partners, short-sellers made $188 million in mark-to-market profits in Monday’s […]

U.S. stocks have tumbled more 4% since their post-coronavirus highs last Wednesday, leading some to speculate that a retest of the March 23 lows is on its way. But Michael Wilson, chief U.S. equity strategist at Morgan Stanley, believes markets are simply consolidating their recent gains and preparing to resume their […]

President Trump’s chief economic adviser Larry Kudlow said Sunday that the U.S. economy could see a historically high growth rate in 2021 despite the current economic contraction caused by the coronavirus. “President Trump cut taxes and regulations for middle-income folks, better trade deals, boosting the energy system, that worked. We had terrific growth in earlier years, even the […]

U.S. stocks lost ground on Thursday as grim economic data and mixed earnings prompted investors to take profits from S&P 500’s best month in 33 years. This is a remarkable run driven by expectations that the economy will soon start recovering from the crushing coronavirus restrictions. While risk-off selling pulled […]

It appears that Berkshire Hathaway chairman is handling the COVID-19 crisis in much the same way as the Great Recession As the coronavirus crisis unfolds, many are asking, “Where in the world is Warren Buffett?” They want to hear and see more from America’s most literary and famed investor, noted […]

The Federal Reserve added smaller municipalities on Monday to its $2.3 trillion debt-buying program to help shore up Main Street businesses, municipalities and credit markets during the coronavirus pandemic. The inclusion of smaller U.S. locales to the Fed’s $500 billion municipal lending facility means that cities with at least 250,000 residents now can […]

Treasury Secretary Steven Mnuchin told Fox News on Sunday that he believes that the economy is going to bounce back quite quickly over the summer once states start to reopen. “I think as we begin to reopen the economy in May and June, you’re going to see the economy really […]

Bondholders in particularly hard-hit sectors like energy, travel and leisure have another issue to watch for as companies struggle to survive the economic shutdown — getting demoted by new debt issues. This phenomenon is known in the market as getting “primed” or “layered.” It’s when a company in need of […]

U.S. stocks continued to recover Wednesday, ending higher for the first time in three days, as investors gained confidence from stabilizing crude oil markets, some better-than-expected corporate earnings reports, and news of another fiscal stimulus package from Congress. How did benchmarks perform?  The Dow Jones Industrial Average DJIA, +1.98% advanced 456.94 points, or […]