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Business News Weekly Roundup
Some Americans may be receiving stimulus payments and throwing them away. Approximately 4 million economic impact payment cards with Cares Act stimulus money pre-loaded on them have been mailed in plain white envelopes that are easily mistaken for junk mail.
Business in a Blink: Week in Review
According to research conducted by the University of Chicago, a whopping 42% of those Americans who have been unemployed by the coronavirus will not have jobs to return to when the country fully reopens.
Election Years and Market Outcomes
In the US, the markets typically do well during election years, but that's not a given, especially given the rough ride of coronavirus.
BoA Raises $1 Billion with COVID-19 Bond to Fight Pandemic
BoA sold a $1 billion corporate bond specifically to help finance part of the health industry amid the coronavirus pandemic.
Elon Musk Defies California Governor’s Order, Reopens Tesla
Musk's decision to reopen the Tesla plant should keep investors interested. Not only is Tesla resuming operations, but it's also increasing production.
Stock Markets Rally While Unemployment Claims Continue Rising
The Dow, Nasdaq, and S&P 500 saw gains today as the U.S. Labor Department released its frightening weekly jobless claims report.
Disney Earnings Down Over 90% Amid COVID-19 Pandemic
New Disney SEO Bob Chapek bravely presented the company's first earnings report since he took over the position this quarter. As anyone could imagine, the financial effects of the coronavirus pandemic have been devastating.
Dow and S&P 500 Have Best April in 82 Years
You'd have to look back to 1938 to find an April to find better returns for the Dow and S&P 500 than this year's April gains.
Markets See Gains As Some States Gradually Reopen
The markets are getting a boost today as some COVID-19 restrictions are lifted.
How COVID-19 Caused the Oil Crash of 2020
On April 20, crude oil futures dropped below $0 per barrel. This historic drop on a commodity we all use in regular daily life sent even seasoned investors and traders into shock.