(May 5, 2020, 8 p.m. EST) – While the coronavirus pandemic has exacted a once-unimaginable toll in human life, its financial cost is cushioned by an unusual confluence of global conditions shielding Americans from a much-worse economic catastrophe.
(Tuesday, April 28, 8 p.m. EST) The partial shutdown of the economy is captured in these four snapshots of fundamentals in March.
(Wednesday, April 22, 2020) The Coronavirus financial crisis is being compared to the near collapse of the global financial system in 2008 and The Great Depression from 1929 to 1939, but there is one big difference this time: The Fed. The Federal Reserve Bank is using innovative new tools to contain the financial damage of the Coronavirus epidemic.
(Tuesday, April 14, 2020, 8 p.m. EST) – By August 4, 2020, the Institute of Health Metrics and Evaluation (IHME), an independent public health research center at the University of Washington, expected 68,841 deaths from COVID-19 in the U.S.
(Tuesday, April 7, 2020, 8 p.m. EST) — For business owners who have not yet submitted an application for Paycheck Protection Program (PPP) financial assistance from the U.S. Government, there’s good news and bad.
(Thursday, April 1, 2020, 4 p.m. EST) – A cornerstone of the U.S. Government response to the economic crisis caused by the pandemic is the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a history-making $2.2 trillion law that just went into effect. With almost no strings attached, CARES extends financial support to business owners in need under the Paycheck Protection Program (PPP).
(Tuesday, March 24, 2020, 7:30 p.m. EST) The stock market lost about a third of its value before rebounding 9.4% today on news that Congress was closer to an agreement on a $2 trillion economic stimulus package. The coronavirus crisis has reshaped the financial economic landscape and the situation is changing fast. Here are nine financial focal points for your immediate consideration.
March 18, 2020 – No one knows if stock prices bottomed today or if they could go lower. We do know that profits ultimately drive stock prices. So here’s the picture of 2020 and 2021 profit expectations in the context of recent market panics.
Seeing the stock market plunge on news about Covid-19 is unnerving but is not so unusual. It’s human nature to get worried amid a market plunge and think this is the plunge from which there is no recovery.
March 3, 2020 – (FINANCIAL ADVISOR NEWS SERVICE) The human toll of Covid-19, in sickness, suffering, and death is incalculable. Preliminarily, CNN’s Dr. Sanjay Gupta says Covid-19 transmission rate is about the same as the common flu but 20 times more likely to be fatal. The ultimate toll remains unimaginable.