Tag Archives: columns

Fed Beige Book reports first negative impact of coronavirus on U.S. economy

Fed Beige Book reports first negative impact of coronavirus on U.S. economy

The outlook: The coronavirus outbreak was starting to have an impact on the U.S. economy, especially the travel and tourism industry, according to the Federal Reserve’s Beige Book report released Wednesday. The report, a collection of anecdotes from the central bank’s business contacts around the country, found worries that manufacturing …

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A bunch of traders just bet big on this ‘massive turnaround play’ in hopes of scoring a short-term windfall

A bunch of traders just bet big on this ‘massive turnaround play’ in hopes of scoring a short-term windfall

Lumber Liquidators still hasn’t recovered from that damning “60 Minutes” report in March 2015, which knocked the stock off its $100-plus perch and ultimately all the way down into single digits, where it’s been stuck for months. In Thursday’s trading session, however, the stock …

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Dow drops more than 250 points as coronavirus uncertainty continues

Dow drops more than 250 points as coronavirus uncertainty continues

U.S. stocks turned lower Thursday, one day after the S&P 500 index and the Nasdaq booked all-time closing highs. Although investors had been heartened by daily reports of a slowing rate of the spread of COVID-19, the infectious disease that emerged in Wuhan, China, late last year, deaths and cases …

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