The coronavirus pandemic is putting unprecedented strain on the U.S. economy, Federal Reserve Chairman Jerome Powell said Thursday in an exclusive interview with Savannah Guthrie on the “TODAY” show, noting, “There can be a good rebound on the other side of this.” MORE
President Donald Trump has long pointed to the stock market’s success under his administration as a tangible endorsement of his economic policies and had often boasted about the Dow Jones Industrial Average’s gains since his MORE
Stocks fell sharply on Monday even after the Federal Reserve unveiled new measures to keep markets working properly. Wall Street awaited Washington lawmakers to agree to an economic stimulus and rescue plan to cushion the MORE
As the number of Coronavirus cases grow rapidly in the United States, Trump suggests lifting restrictions enacted to slow the spread of the disease. Trump also retweeted a suggestion some Wing Nut made “that urged MORE
Americans are starting to lose their jobs in response to the coronavirus pandemic, and economists expect it’s only going to get worse from here. And quickly, too. Early Thursday, a government report showed 281,000 Americans filed for MORE
Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow. The Dow Jones Industrial Average closed 913 MORE
The Trump administration is asking state labor officials to delay releasing the precise number of unemployment claims they are fielding, an indication of how uneasy policymakers are about further roiling a stock market already plunging MORE
As our economy crashes and burns because Trump and his administration dithered, ignored, and downplayed the Coronavirus, he now wants a YUUUUGE stimulus package to buy votes help clean up his mess. NBC obtained a MORE
As I write this the DJIA is at about 19,457. That is well below Trump’s 2017 inauguration day closing of 19,827.25. I only bring it up because Trump has brought it up many times, taking MORE
The coronavirus pandemic is plunging the United States into a recession that could be as sharp as the 2008 financial crash, although the economy will likely rebound before President Donald Trump faces re-election in November, MORE
Earlier on Monday, Senator Mitt Romney “proposed giving $1,000 to every American adult as lawmakers scramble to try to bolster the U.S. economy amid growing concerns over the coronavirus.” “Every American adult should immediately receive MORE
Wall Street does not like the Coronavirus. Despite all government intervention and reassurances, Wall Street looks to a recession as most all of the gains since Trump was elected have vanished. All major U.S. indices MORE
The moment the stock market opened, trading was haulted “triggering a key market-wide ‘circuit breaker’ designed to prevent the market from falling through the floor.” The S&P 500 plunged about 8% right after the opening bell, tripping MORE
Stock futures plunged Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. While the central bank’s actions may help ease the MORE
After a wild day on Wall Street that triggered the circuit breaker for the second time this week, “stocks plummeted to their lowest levels in the final minute of trading.” CNBC reported the Dow tanked MORE
The Federal Reserve took the highly unusual step of injecting more money into the bond market Thursday to ensure the financial system remains stable. The New York Fed will pump $1.5 trillion into the short-term MORE
U.S. stocks fell sharply once again on Thursday after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus. The S&P 500 traded down 8.3% after trading MORE
“Bear markets are ugly,” said Michael Farr, president of investment firm Farr, Miller & Washington. “They’re painful and they all last too long. Sadly, it seems that a new one is just getting started.” The MORE
Wall Street was poised for more losses Wednesday, as an escalating oil price war compounded investor panic about the coronavirus’ tightening grip on the U.S. economy, without any clear path to economic protections from the White MORE
Wall Street rallied Tuesday morning, just one day after a historic rout that saw the Dow Jones Industrial Average drop by 2,013 points, the most ever. The Dow soared by almost 800 points at the MORE
Trump called for additional tax cuts on Monday to mitigate the economic fallout of the Coronavirus, saying he will ask Congress for a payroll tax cut, relief for hourly workers, and possibly a small business MORE
From CNBC: Dow futures tumble more than 1,000 points as all-out oil price war adds to coronavirus stress; 10-year Treasury yield drops below 0.5%. Stock futures tumbled in overnight trading Sunday as investors continued to MORE
February Jobs Report: U.S. Added 273,000 Jobs in February; Unemployment at 3.5%: ■ 273,000 jobs were added in February. Analysts had expected a gain of about 165,000, according to MarketWatch. ■ The unemployment rate was MORE
Stocks plunged on Thursday, more than halving their massive relief rally in the previous session, as markets remained choppy in the face of the fast-spreading coronavirus. The Dow Jones Industrial Average dropped 820 points, or MORE
“Investors are shifting from the coronavirus to politics, and the market knows how to play politics better than the virus,” said Howard Silverblatt of S&P Dow Jones Indices. “But stocks could turn on a dime MORE