by Troy S. Mason | Jun 10, 2020 | Business News
The Nasdaq Composite rallied to a record high on Tuesday, briefly breaking above 10,000 for the first time, as traders loaded up on major technology names while taking profits from stocks that benefit from the economy reopening. The tech-heavy Nasdaq rose 0.3 percent...
by Troy S. Mason | Jun 9, 2020 | Business News
Wall Street soared on Monday, brushing aside the news that the U.S. has officially entered a recession. The Dow Jones Industrial Average ended the day 460 points higher, the S&P 500 erased its losses for the year to close up by 1.2 percent, and the Nasdaq hit a...
by Troy S. Mason | May 9, 2020 | Business News
While the April jobs report released Friday was catastrophic by any measure, labor economists say the data reveals the economic fault lines that put America’s poorest and least-educated workers at risk of falling through the cracks. The Bureau of Labor Statistics...
by Troy S. Mason | Apr 29, 2020 | Business News
The coronavirus pandemic has slammed into the economy so hard the nation’s GDP has fallen by 4.8 percent, bringing the longest economic expansion on record to an abrupt halt. Gross domestic product, which measures the output of goods and services, sank by 4.8...
by Troy S. Mason | Apr 2, 2020 | Business News
A record 6.6 million Americans filed for unemployment benefits last week, the latest brutal reminder of the toll the coronavirus pandemic is taking on the U.S. economy. Analysts had predicted a jobless claims total of anywhere between 3 million and 6 million, after...
