Jobless Claims May Top 1.5M Next Week

A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday American life to a...

“It’s Rather Devastating”: The Coronavirus Outbreak Cost One NYC Caterer Half A Million Dollars

The coronavirus outbreak is lopping severe pressure on businesses globally. In the last 72 hours alone, we have covered New York City restaurants that...

JPMorgan: GDP Could Plunge 14% in 2nd Quarter

The U.S. economy could shrink 4% this quarter and 14% next quarter, and for the year is likely to shrink 1.5%, a JP Morgan...

Mnuchin Warns Virus Could Yield 20 Percent Jobless Rate Without Action

 Treasury Secretary Steven Mnuchin raised the possibility with Republican senators that without government intervention, the U.S. could see 20% unemployment, according to people familiar...

For The 3rd Time This Month, We Just Witnessed The Largest Single Day Point...

We are literally witnessing history in the making.  For the third time in the last six trading sessions, we have witnessed the largest single...

Navarro: Decisions Made In Washington Will Determine If There’s Recession

President Donald Trump's adviser on trade and manufacturing policy said Sunday that decisions made over the next week will determine if there's a recession.In...

Stock Buybacks Crash Just As Markets Need Them Most

At the start of January, when the market euphoria was at an all time high, the blow off top meltup was raging and an...

Four Scenarios Of How Covid-19 Could Wreak Havoc On Global Economy

The grave risks and dangers of a globalized world of interlocking supply chains over the last four decades is starting to be realized as...

“The Fed Has Made People Lazy” – Veteran Trader Filibusters CNBC: “This Doesn’t Get...

"History is riddled with disastrous outcomes born of really good intentions.. and I think we're seeing it now" That is how veteran trade and CNBC...

Standard Chartered: Only A Combination Of Low Rates And Fiscal Stimulus Has A Chance...

With investor expectations for an imminent rate cut to 0% (or lower) running high, only surpassed by expectations for an imminent - and "very,...

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