by Jim Heath | Nov 14, 2020 | coronavirus, Economy, Headlines, Health
The uncontrolled coronavirus outbreak is prompting government officials across the nation to impose new restrictions on consumers and businesses, sapping the economy’s momentum and delaying the recovery of millions of jobs lost during the recession. The Washington...
by Jim Heath | Oct 29, 2020 | 2020, Economy, Headlines, Joe Biden, Trump
The U.S. economy grew at 7.4 percent between July and September, recovering about two-thirds of its losses during the first half of the year. This is a number President Trump will ballyhoo for the five days remaining until the election, but the gross domestic product...
by Jim Heath | Oct 28, 2020 | coronavirus, Economy, Headlines, Wall Street
Stocks around the world are tumbling today on worries the worsening pandemic will mean more restrictions on businesses and drag down the economy. The S&P 500 was down 2.7% in afternoon trading on Wall Street and is headed for a third straight loss. It’s already...
by Jim Heath | Oct 26, 2020 | 2020, coronavirus, Economy, Headlines
Stocks were down badly today as U.S. daily coronavirus cases hit record highs and investors dealt with the likelihood that stimulus negotiations will not produce a bipartisan relief deal before Election Day. The Dow Jones Industrial Average had lost more than 880...
by Jim Heath | Oct 16, 2020 | 2020, Economy, Headlines, Trump
The U.S. budget deficit eclipsed $3.1 trillion in the fiscal year that ended Sept. 30, according to government data released today, by far the biggest one-year gap in U.S. history. The data are a stark reflection of the staggering blow that the coronavirus pandemic...
by Jim Heath | Oct 11, 2020 | Economy, Headlines, Wall Street
Joe Biden’s widening lead in polls is providing a bullish cue to investment strategists: Wall Street now sees less chance of a contested election and more chance of a “blue wave” — Democrats taking the House, Senate and White House — and the hearty...
