Business

The stock market is acting like a rapid recovery is a slam dunk. It’s not

Wall Street has experienced a breathtaking rebound from the coronavirus crisis lows — one that reflects a belief among investors that the US economy will enjoy a swift recovery from this historic collapse. The S&P 500 spiked a stunning 27% between March 23 and Tuesday. It was the biggest 15-day rally in 87 years, according […]

Business

Global stocks and US futures surge as investors look beyond dire GDP report from China

Global stocks and US futures rocketed higher on Friday despite data showing an unprecedented economic slowdown in China caused by the coronavirus and a mounting death toll from the pandemic in the United States. Investors were focusing instead on signs that industrial giants are reviving production, along with a report of early success in the […]

Business

Huge win for Netflix’s stock

Netflix is the king of streaming: It had 167 million subscribers around the world — before the entire world was forced inside because of the coronavirus outbreak. The company is set to report its earnings after the bell Tuesday, and investors are eager to learn how the pandemic has altered Netflix’s business, viewership and subscriber […]

Business

Global stocks are mixed as US oil futures crash below $0 a barrel

US oil prices crashed Monday to a record low as the market continues to be roiled by an epic collapse in demand caused by the coronavirus pandemic. Global stocks are mixed as investors brace for more companies to reveal how much the crisis is costing them. US oil futures were down below $0 a barrel, […]

Business

Premarket stocks: WTI crashes below $0 a barrel — a record low

The spectacular collapse in oil markets is showing no signs of easing, as the coronavirus crisis saps demand and producers run out of places to store all their excess barrels of crude. What’s happening: US oil prices plunged, falling below $0 Monday to $-37.63 a barrel. That’s the lowest level since NYMEX opened oil futures […]

Business

Oil prices are still crashing and global stock markets are hurting

Oil prices are still crashing after a stunning collapse Monday that saw US crude futures plunge below zero for the first time in history. The pain in oil markets is carrying over to stocks, with Asian and European indexes, and US stock futures, all in the red on Tuesday. US oil futures for May delivery […]

Business

Another 4.4 million Americans filed for unemployment benefits last week

For the fifth week in a row, millions of American workers applied for unemployment benefits, seeking financial relief as businesses remained closed during the coronavirus pandemic. First-time claims for unemployment benefits totaled 4.4 million in the week ending April 18, after factoring in seasonal adjustments, the US Department of Labor said. Without those adjustments — […]