Posted in campaign contributions Donald Trump Economy Joe Biden Politics

Joe Biden’s Campaign Is Awash in Wall Street Cash

Biden’s campaign has far more cash than Trump’s from the big Wall Street banks.

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Posted in Crime Economy George Floyd nyc Riots

Anarchy Breaks Out in New York City

Macy’s has been looted. Shops in the diamond district are being emptied. High end fashion stores along Fifth Avenue are ransacked. Even local bodegas are…

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Posted in Economy Monica Crowley Paycheck Protection Program Politics PPP Treasury Department

Monica Crowley: House Bill Would Add Flexibility to Small Business Loans

Treasury’s spokeswoman explained on Friday how the Paycheck Protection Program would be changed to make it more useful for small businesses.

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Posted in djia Economy health NASDAQ Stocks

Dow Up More Than 500 Points on Economic Confidence

Shares of retailers like Macy’s, Kohl’s, and the Gap rose sharply as investors cheered evidence that the economy is recovering.

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Posted in Economy Federal Reserve Joe Biden Main Street Lending Program Paycheck Protection Program Politics tax cuts

Fact Check: Biden Says, Without Evidence, That Tax Cuts Hurt Government’s Coronavirus Response

Biden also falsely claimed the vast majority of emergency loans were going to big businesses.

Continue Reading Fact Check: Biden Says, Without Evidence, That Tax Cuts Hurt Government’s Coronavirus Response
Posted in coronavirus Economy factories Ford health

Ford Stops Production at Two Assembly Plants After Workers Tests Positive for Coronavirus

The company sent workers home from two plants Wednesday after workers were discovered to have teste positive for coronavirus.

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Posted in coronavirus Democrats Economy health Politics

94% of Democrats Think A Second Coronavirus Wave Is Coming

Democrats overwhelming think a second wave of infection is coming later this year. That could be a drag on the economy and hold back the…

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Posted in Democrats Economy Gallup happiness health loneliness Politics poll Republicans

Poll: Democrats More Worried and Lonely, Less Happy than Republicans

As many states begin to reopen their economies following the coronavirus shutdowns, Democrats are far more likely to say they are worried and less likely…

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Posted in Economy factories health Industrial Production

U.S. Industrial Production Suffers Worst Crash in 101 Years

Auto production fell 70 percent. Business equipment manufacturing fell 17.3 percent.

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Posted in Economy health Politics

The Coronavirus Has Hurt 90% of Small Businesses in the U.S.

Michigan, Pennsylvania, and New York businesses have been hard hit. South Dakota much less so. Hawaii, with few infections, got clobbered.

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Posted in coronavirus Economy GDP unemployment

Survey: 85% of Economists Say Recovery Will Begin in Second Half of 2020

Economists have downgraded their expectations for the current quarter but expect stronger growth in the third quarter

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Posted in Economy George Soros Media Politics Stanley Druckenmiller Stocks

Trump Says ‘Rich Guys’ Are Talking Down Market and Betting Against It

Trump’s remarks came after a billionaire former George Soros protege said the ‘risk-reward’ for stocks now is “as bad as I’ve ever seen it.”

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Posted in coronavirus Economy health Jobs unemployment

Silver Lining: Nearly 80% of Unemployed Say Layoff Is Just Temporary

Nearly 80% of those who lost their job in April think they’ll get it back when the economy reopens.

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Posted in Economy health

Beyond Meat Retail Sales Soared During Virus Panic Shopping Spree

Shares of the alternative meat startup soared after Beyond Meat beat expectations for first quarter sales.

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Posted in Barbie coronavirus Economy health Mattel Thomas the Tank Engine

Coronavirus Takes Down Barbie: Mattel Sales Plunge 14%

Thomas the Tank Engine sales crashed too!

Continue Reading Coronavirus Takes Down Barbie: Mattel Sales Plunge 14%