by Troy S. Mason | Mar 31, 2020 | Business News
Millions of Americans already have lost their jobs due to the coronavirus crisis — and the worst of the damage is yet to come, according to a Federal Reserve estimate. Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which would translate to a 32.1 percent unemployment rate, according to […]
by Troy S. Mason | Mar 24, 2020 | Business News
The markets continued their downward trajectory Monday in spite of a sweeping pledge from the Federal Reserve to support the economy as coronavirus shutdowns accelerated around the country. With consumer spending crippled by “stay at home” orders, many...
by Troy S. Mason | Mar 18, 2020 | Business News
The Dow Jones Industrial Average bounced back nervously on Tuesday, after dipping below 20,000 just one morning after its worst single-day points drop ever, as traders grappled with almost unprecedented economic volatility. After the Federal Reserve announced new...
by Troy S. Mason | Mar 17, 2020 | Business News
The unprecedented steps taken by the Federal Reserve and the coordinated action of central banks around the world in response to the coronavirus pandemic will hopefully be enough to shore up the financial system, but market observers are still holding their breath....
by Troy S. Mason | Mar 17, 2020 | Business News
Wall Street had a grisly start to the week, with the Dow Jones Industrial Average sliding by 3,000 points, or 13 percent, to end the day at 20,188, a few hundred points above where it was when President Donald Trump took office. The S&P 500 and Nasdaq closed the...
