Month: April 2020

Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
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A masked pedestrian walks past shuttered shopfronts in Hollywood, California on April 23, 2020. FREDERIC J. BROWN/AFP via Getty Images Many Americans collecting unemployment benefits may be wondering: Why isn’t my check bigger? The $2.2 trillion coronavirus relief package enacted last month expanded unemployment benefits in several ways, partly by increasing jobless pay by $600
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Medical staff in protective suits treat a patient with pneumonia caused by the new coronavirus at the Zhongnan Hospital of Wuhan University, in Wuhan, Hubei province, China, January 27, 2020. China Daily | Reuters The Centers for Disease Control and Prevention has added six new symptoms of Covid-19 to its website as scientists gather more data
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A woman wearing a face mask at her house. Robin Utrecht | Echoes Wire | Barcroft Media via Getty Images As the economy shut down, businesses diverted spending to technology, while cutting back more broadly on other outlays including their payments to suppliers, according to data tracking business-to-business spending.  Even before the state shutdowns took
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Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Stocks futures fell slightly on Sunday night, following oil prices lower, while investors assessed the possibility of re-opening the global economy after the coronavirus outbreak. Dow Jones Industrial Average
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TDECU Stadium Houston Slyworks Photography, courtesy of DLR Group With the coronavirus pandemic dictating the capacity of social gatherings, a return to the design of original Major League Baseball stadiums could be in the future, said an architect and engineering firm. Don Barnum, of firm DLR Group, said teams would need to make “required and
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