U.S. Stocks Seeing Further Downside In Mid-Day Trading

After moving sharply lower early in the session, stocks have seen some further downside over the course of the trading day on Friday. With the drop, the major averages continue to give back ground after ending Wednesday’s trading at their best closing levels in well over a month. Currently, the […]

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Japan moves to announce state of emergency

London (CNN Business)Disney’s theme parks in Tokyo will remain closed with more than 5,000 park employees working a reduced schedule after Japan extended its state of emergency until the end of May. A decision on when to reopen Tokyo Disneyland and DisneySea had been expected by the middle of May. […]

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Be warned! Dark economic times ahead!

‘Two consecutive quarters of negative growth are the technical definition of an economic recession, and for the first time in this generation’s memory, we may be staring at one,’ observes Aakar Patel. Let’s have a look at the economic fallout of the current lockdown today and why measuring it will […]

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Drug offers hope to some Covid-19 patients

New York (CNN Business)In a matter of weeks, remdesivir has gone from a shelved, failed hepatitis C treatment to the center of a national effort to treat patients suffering from Covid-19, the illness caused by the novel coronavirus. The situation has thrust the pharmaceutical company behind the experimental drug, Gilead […]

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Profit Taking Contributes To Pullback On Wall Street

Stocks showed a notable move to the downside during trading on Thursday, giving back ground following the rally seen over the course of the previous session. The major averages all ended the day firmly in negative territory. The Dow tumbled 288.14 points or 1.2 percent to 24,345.72, the Nasdaq fell […]

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Coronavirus worries are giving Zoom a boost

New York (CNN Business)The coronavirus pandemic has been, to say the least, grim for business. Widespread layoffs and furloughs have prompted about 21% of the US labor force to file for unemployment benefits since mid-March, and economists say the United States is likely already in a recession. And even as […]

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How the Pandemic Jobs Bust Hurts Some More Than Others

In this article Subscribe to Stephanomics on Apple PodcastsSubscribe to Stephanomics on Pocket CastsSubscribe to Stephanomics on Spotify Just a few months ago, the economic debate about employment centered on how low the jobless rate could go. Now, with tens of millions out of work across the globe, it’s about how bad it can get. On this week’s […]

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