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Vaccines, The Fed and Oil – Oh Yeah!

May 27th, 2020 | Leave a comment.

Stock Market Cheers Vaccine Trial Monday’s rally came after hopeful news on a vacine for the coronavirus front came out Moderna shares soared 20% to a record high after the biotech reported positive results from an initial-phase trial of its coronavirus vaccine. The biotech tested the vaccine in healthy adults and, in all age groups, […]

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Retail Sales drop 16.4% in April

May 22nd, 2020 | Leave a comment.

Amazon.com delivered the punch to many retailers. The coronavirus will knock many more of them off. Even as malls and stores begin to reopen, the Covid-19 pandemic has taken a toll on an industry already battered by the shift to online shopping. More than two million retail jobs disappeared in April as many stores closed. […]

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Pummeled by Powell

May 21st, 2020 | Leave a comment.

So far states that are easing coronavirus shutdowns aren’t seeing a big spike in Covid-19 infections, though that might be too early to tell. Of course, states are not flipping a switch from complete shutdowns to fully open. Also, businesses and individuals continue to follow social distancing and wearing masks to a great extent. Cases […]

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