Category Archives: RSS – Financial News

US companies cut 27,000 jobs before the worst of the coronavirus shutdown, millions more coming, Moody’s says

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US companies cut 27,000 jobs before the worst of the coronavirus shutdown, millions more coming, Moody’s says


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The March ADP count covers the period before the social distancing measures that have shut down large parts of the economy.

Home price gains were strong in January, says S&P Case-Shiller, before coronavirus hit US economy

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Home price gains were strong in January, says S&P Case-Shiller, before coronavirus hit US economy


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The gains came before the coronavirus shut down much of the economy and the housing market. Now there are forecasts that home values will weaken significantly.

February pending home sales jump over 9% annually, ahead of major coronavirus impact

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Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S. Pending home sales, which measure signed contracts on existing homes, rose 2.4% in February compared with January. Sales were up a steep 9.4% annually, according to the National Association of Realtors. That is the highest pace in exactly three years.

Pence says economic fundamentals remain strong despite massive coronavirus impact

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Vice President Mike Pence said that the fundamentals of the U.S. economy remain strong despite the coronavirus pandemic that has tanked markets and led to unprecedented layoffs of millions.

The Fed’s balance sheet just passed $5 trillion for the first time ever due to coronavirus stimulus

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The Fed’s balance sheet just passed $5 trillion for the first time ever due to coronavirus stimulus


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Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve’s asset portfolio has reached levels never seen before.

Tudor Jones says DC coronavirus aid is biggest fiscal-monetary ‘bazooka’ ever, more like ‘nuclear bomb’

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Tudor Jones says DC coronavirus aid is biggest fiscal-monetary ‘bazooka’ ever, more like ‘nuclear bomb’


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“We did in two weeks what it took the Fed eight months to do in 2009,” hedge fund manager Paul Tudor Jones told CNBC.