The divide between Wall Street and Main Street has grown sharply in recent weeks, amid the coronavirus pandemic and widespread civil unrest. To many, the […]
Tag: Street
Why Main Street is suffering while Wall Street is soaring
Although nearly 40 million Americans have lost their jobs and small businesses are struggling to stay solvent, you might not realize that if you only […]
Wall Street soars as vaccine news prompts hope of economic recovery
Wall Street soared Monday after U.S.-based drugmaker Moderna said it has seen “positive” results from its first human trial for a vaccine against COVID-19, prompting […]
Wall Street slides after Fed Chairman says economic outlook includes ‘great uncertainty’
Wall Street benchmarks closed sharply down on Wednesday, after Federal Reserve Chairman Jerome Powell warned of a longer recession if Congress did not step in […]
What happens to Main Street when even the biggest retailers can’t pay rent?
From Gap to Staples to Burlington Stores, retailers large and small have stopped paying rent amid the coronavirus pandemic. With April and May rent already […]
Is the Federal Reserve helping Main Street or Wall Street?
The Federal Reserve pledged Wednesday to keep interest rates at current levels, while noting that the coronavirus pandemic will continue to weigh heavily on the […]
Wall Street rallies on ‘positive data’ from coronavirus treatment study
Wall Street rallied on Wednesday, with the Dow Jones Industrial Average jumping by around 450 points after a potential treatment for coronavirus offered promising results. […]
L.A. groups rally to give street vendors, shut down during coronavirus, a much-needed lifeline
In order to identify those who are most in need, three street vendor leaders formed a coalition called Vendedores en Acción (Vendors in Action). They […]
Wall Street soars after Federal Reserve announces new $2.3 trillion emergency plan
The Dow Jones Industrial Average surged by 450 points Thursday, after the Federal Reserve announced $2.3 trillion in emergency programs to shore up the economy. […]
Wall Street slightly higher after pricing in huge jobs decline
Stocks ticked gingerly upward on Friday morning, as investors evaluated new data that shows a continuing collapse in the country’s labor force due to the […]
Wall Street posts modest gains after volatile day and brutal unemployment data
Wall Street posted modest gains on Thursday, after a volatile day that included brutal unemployment data that showed 6.6 million Americans filed for first-time jobless […]
Wall Street just had one of its worst quarters in history
Wall Street just ended one of the worst quarters in stock market history, with all three major averages reflecting the devastating economic impact of the […]
Wall Street rallies, after Trump extends shutdown until April 30
Wall Street rebounded on Monday, after President Donald Trump announced the extension of the nation’s economic shutdown until April 30 at the earliest. The Dow […]
Wall Street slowly digests details of long-awaited fiscal stimulus plan
Markets slowly kicked into action Wednesday morning, as investors parsed whether the $2 trillion stimulus package would be able to keep pace with the compounding […]
What can the Fed do to help Main Street, not Wall Street?
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 […]