Bulls are convinced the American consumer — and the stock market — are going to be fine, even if politicians fail to approve another round of fiscal stimulus before next month’s elections. But some economists see consumption taking a big hit after a robust third quarter.
Wall Street won’t have Ted Aronson to kick around anymore. After a punishing stretch for the investment fund that he helped start nearly four decades ago, AJO Partners, with offices in Philadelphia and Boston, is calling it quits.
Tesla Inc. reports third-quarter earnings after the bell Wednesday, with Wall Street hoping for a fifth straight quarterly profit for the Silicon Valley electric-car maker.
The number of confirmed cases of the coronavirus illness COVID-19 world-wide climbed above 39 million on Friday, as a clinical trial found one therapy believed to be promising as a treatment to have no effect on mortality in hospitalized patients.
Stock-market moves this year have faithfully tracked those after the 2008-2009 financial crisis, which means another 5% move higher, if the correlation continues
According to observers on and off Capitol Hill, the sheer logistics involved in a complicated, big package like the kind House Speaker Nancy Pelosi and Treasury Secretary have been trying to hammer out in recent weeks make it too late or almost too late to see it enacted by the Nov. 3 election day.
U.S. stock benchmarks gained traction Friday, with gains partly attributed to data showing better-than-expected retail sales in September and along with an improvement in consumer sentiment, relieving fears about a slow economic recovery.
U.S. Treasury yields rise Friday following a sharp increase in retail sales, helping ameliorate concerns that consumer spending would slow without further government support.
The oil market has been preoccupied for months with concerns surrounding weaker demand driven by Covid-19 economic restrictions, but the U.S. presidential election has started to take center stage as traders weigh election-win scenarios and the potential outcomes for the energy sector.
Shares of General Electric Co. charged higher in toward a four-month high active trading Friday, on growing hopes that Boeing Co.’s grounding 737 MAX planes will be able to fly again soon.
U.S. stock-index futures on Friday show modest gains to end a bumpy week of trade and snap a three-day losing streak as investors digest corporate earnings, economic reports and developments tied to the spread of COVID-19.