The disconnect between the stock market and underlying fundamentals continues to arouse concerns. Stocks have continued to edge higher in total disregard of the economic turmoil owing to COVID-19 shocks. While the S&P 500 is up by more than 5% for the year, the rally does not paint a clear picture of the underlying developments,
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Stocks closed down for the beginning of the week today with the Dow Jones reporting a loss of 1.44% to close at 28,195.42, the NASDAQ down 1.65% to close at 11,478.88 and the S&P 500 reporting a loss of 1.63% to close at 3,426.92. STOXX Europe also closed down 0.28% today to close at 366.45.
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Results and analysis are in for the first month of consumer spending after the $600 unemployment boost was out, and what happened shouldn’t be a surprise to many. Spending levels in households that were employed remained relatively flat but those who received the unemployment are burning through the savings they grabbed at an alarming rate.
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President Donald Trump Administration is already planning for the future as drug maker’s inch closer to gaining regulatory approval for coronavirus vaccines. The administration has confirmed that senior citizens in long-term healthcare facilities will get a vaccine free of charge once made available. Clinical trials The announcement comes at a time when most drug-makers working
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The market closed today with mixed numbers heading into the weekend. The Dow closed up 0.39% at 28,606.31 and the S&P 500 closed up 0.01% at 3,483.81. On the other hand the NASDAQ closed down 0.36% at 11,671.56. STOXX Europe closed up 1.26% at 367.48. Overall, it’s a mixed message for what’s coming as we
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The biggest aviation mechanical bungle of the last decade is almost ready to fly again. That’s great news for everyone related to the airline industry. Carriers will be able to finally upgrade their fleets, the Federal Aviation Administration will be able to lose that cloud of doubt over their fast tracking regulation process, the manufacturers
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Fleetwood Mac ‘Dreams’ is at the epicenter of one of the biggest challenges on viral video sharing platform TikTok. Just days after Nathan Apodaca rose to prominence with the original selfie-video skateboarding on Idaho highway jamming to the song while sipping Ocean Spray Raspberry Juice, songstress Stevie Nicks has once again excited viewers on the
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All three markets closed down yet again today as we come into the weekend. With the Dow closing down 0.07% at 28,494.20, the S&P 500 closing down 0.15% at 3,483.34 and the NADAQ closing down 0.47% at 11,713.87. STOXX Europe saw a decrease of 2.10% to close at 362.83. Two types of stocks seem to
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This week in the labor market jobless claims jumped another 53,000 to 898,000 for the week ending October 10th, after the initial tally of 845,000 and industry experts expected around 800,000. That level of increase is likely because of more widespread outbreaks of COVID are affecting the job market like they did in March and
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Blockchain and cryptocurrencies are the new themes taking the investment world by storm, given the benefits the two continue to offer in the ever-growing global digital economy. Mainstream institutions are increasingly taking note of the two as they promise to enhance operations in various sectors. DHS Blockchain Investment The U.S Homeland Security is the latest
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While the market has partially recovered over the past few months another major investing voice is sounding alarm bells. Hards Marks, well known investor and writer and a co-founder and co-chairman of Oaktree Capital, a group that specializes in distressed securities, is now saying that even if a new stimulus deal gets passed to help
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The Exchange Traded Fund market has been heating up, in-line with the bullish momentum in the overall stock market. Investors are increasingly investing in this asset class to gain a broader exposure to the market as well as diversify investment portfolios. Disruptive exchange-traded fund, GraniteShares has since been named as the best commodity ETF issuer
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The Columbus Day holiday in the United States has affected some of the markets for the day. While the standard New York Stock Exchange was open, the federal government remains closed, resulting in no changes to the bond market. All three of the New York Stock Exchange markets closed up today with the Dow closing
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Members of the old Rockefeller Standard Oil family are asking large banks to pressure current oil companies to behave in a more environmentally friendly way. The announcement said that “financial leaders of today embrace innovation and move beyond profits of fossil fuels to develop banking models that will excel in a zero-carbon world.”   The
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Hacking personal finance is crucial if one is to survive whatever life throws at them at a time when the global economy appears to be in turmoil. Successful financial planning is all about figuring goals first and then determining the necessary steps needed to achieve them. Likewise, Money Hacks by Lisa Rowan and Psychology of Money by Morgan Housel
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