The U.S. case tally for the coronavirus illness COVID-19 climbed to 2.35 million on Wednesday, and 27 states were showing increases in infections, as Dr. Anthony Fauci cautioned that the next two weeks will be crucial in containing the spread. Fauci, head of the National Institute for Allergies and Infectious …
Read More »The Tell: Investor turns $100,000 into $2.2 million — now he’s banking on a cruise line to reach his early retirement goals
The buy-and-hold approach to the stock market generally isn’t a celebrated strategy among Reddit’s “Wall Street Bets” bunch, but more than a few glasses are being raised for one member of the meme-making trading community who claims to have made an absolute killing in recent years. IKnowTheCodings, as he goes …
Read More »With over 35 million people filing for unemployment since March, $1,200 stimulus checks are only a Band-Aid for Americans
More than 130 million stimulus checks are already winding their way to millions of Americans. They’re a key part of the government’s $ 2.2 trillion CARES Act, but furloughed and laid-off workers say a maximum $ 1,200 payment is not nearly enough to see them through what could be an …
Read More »Key Words: He started the day with $77,000 — by midnight, he owed $9 million
“ ‘I was in shock. I felt like everything was going to be taken from me, all my assets.’ ” That’s Syed Shah (not pictured), a 30-year-old daytrader in Toronto whose ill-fated attempt to dip his toe into the oil pits CL00, -1.17% was covered in a recent story by …
Read More »Market Snapshot: Dow futures flat as stock market braces for private-sector report from ADP that could show 20 million jobs losses in April
U.S. stock-index futures on Wednesday were seeing lackluster early action in thin trade as investors braced for an update on private-sector employment from ADP for April and react to corporate quarterly updates from some of the nation’s largest companies, which are mostly swooning from the effects of the COVID-19 pandemic. …
Read More »Economic Report: Unemployed workers applying for jobless benefits seen topping 25 million
The record surge in suddenly unemployed Americans likely grew by another 4 million last week to push the total to 25 million or more since the coronavirus pandemic shut down large parts of the U.S. economy a month and a half ago. Initial jobless claims in the seven days running …
Read More »Economic Report: Jobless claims might top 5 million for third straight week, push unemployment to 15%
Some 5 million Americans likely applied for jobless benefits for the third week in a row in mid-April as the coronavirus outbreak took an even bigger bite out of the U.S. economy, pushing the unemployment rate to around 15% unofficially. Nearly 17 million people have already filed new jobless claims …
Read More »Coronavirus update: 1.62 million cases worldwide, 97,200 deaths, and U.S. fatalities are second only to Italy
The number of U.S. cases of the coronavirus that causes COVID-19 rose Friday to exceed the combined tolls of Spain, Italy and France, the next three countries with high case counts, while the number of deaths climbed to second place behind Italy. There are now 1.62 million confirmed cases of …
Read More »Coronavirus update: 1.04 million cases, 55,132 deaths and U.S. health care workers clamor for masks and gloves
The U.S. labor market showed further signs of damage from the coronavirus that causes COVID-19 on Friday as the global case tally continued to extend beyond a million and the death toll passed 54,000. Nearly four billion people around the world are now under some order restricting their movements, according …
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