Markets take 3 million claims in stride and now brace for ‘tsunami of negative news’

The first crushing wave of 3.28 million workers seeking unemployment benefits is expected to be followed by millions more in coming weeks.

Source: Markets take 3 million claims in stride and now brace for ‘tsunami of negative news’


The article was originally published here!

Comments

Post a Comment

Popular posts from this blog

Today’s Top Stories: March 27, 2020

Image
Coronavirus update: 558,552 infected, up from 495,086 yesterday. 25,251 deaths, up from 22,993 yesterday. New York is hardest hit, with Florida poised to claim largest death count (due to a large percentage of seniors who have retired there). Relevant COVID-19 stories: Live updates: British Prime Minister Boris Johnson tests positive for coronavirus; the U.S. now leads the world in confirmed cases Terrifying cellphone ‘heat map’ shows just how much people are still traveling Economy Update: DJIA is down nearly 900 points today, passing back down to the 21,000 range. The markets are awaiting a slew of really bad news. Relevant Economy stories: U.S. markets sharply turn after three straight days of gains America’s mortgage market sickens Politics: Senators voted 96-0 on the $2 Trillion federal fiscal stimulus package. The House votes Friday. Trump is expected to pass it. Teen Who Died of Covid-19 Was Denied Treatment...
Read more

Joe Biden picks Kamala Harris as vice president – The Washington Post

Image
Presumptive Democratic presidential nominee Joe Biden on Tuesday picked Sen. Kamala D. Harris (D-Calif.) as his running mate, a historic decision that elevates the first Black woman and first Asian American woman to run for vice president at a moment when the country is grappling with its racial past and future. Biden’s announcement, made in a text and tweet, aligns him with a former presidential rival whose most electric campaign performance came when she criticized his record on school integration during a debate. The decision is the most consequential of Biden’s presidential campaign and has major implications not only for the November election but for the future of the Democratic Party. Biden, 78 years old by Inauguration Day, would be the oldest president ever and has said he considers himself “a transition candidate.” The choice places Harris, who was a more vibrant and energetic presence on the campaign trail but was also at times unsteady, at the forefront of the party’s futu...
Read more