Volatility

Hey Scoopers, Volatility is the new normal in the stock market. – more on that in the “Overall Market” section. Beyond the overall market, in the Covid-19 era, the global logistics and transportation are high in demand. However, parties are the next victim of the social-distancing. — more on that in the “What’s Up?” and “What’s Down?” […]

The IRS is postponing tax payment deadlines during the coronavirus outbreak — what that means for your taxes

Less than a month ahead of the traditional April 15 deadline to pay federal income taxes, the Trump administration is pushing back the payment deadline by 90 days as it tries to soften the coronavirus outbreak’s financial bite. The deadline extension, announced Tuesday, is an effort to immediately free up household money. The COVID-19 pandemic […]

The Tell: U.S. businesses need a $2 trillion bailout to avoid a possible ‘global depression’, says Guggenheim’s Minerd

The economic pain caused by the continuing coronavirus epidemic could be even worse than the Great Financial Crisis. That’s according to Scott Minerd, global chief investment officer at Guggenheim Investments, who estimated in a Tuesday research note that the Chinese economy is contracting at a 15% annual rate, while the European economy “is probably in […]

The Ratings Game: Dollar General is well-positioned to handle coronavirus, analysts say

Dollar General Inc. faces the same uncertainty that other retailers face from the coronavirus epidemic, but analysts say the discount seller is well-positioned to deal with the pandemic. “Dollar General remains a top pick, positioned for growth and defensiveness, and we reiterate our overweight rating,” wrote KeyBanc Capital Markets analysts in a note. KeyBanc has […]

Airlines’ ‘free fall’ brings talk of bankruptcies

With all four major U.S. airlines cutting flight capacity to the bone and the U.S. airline industry thrown into disarray, some on Wall Street are drawing comparisons with the post-Sept. 11, 2001 downfall and even predicting bankruptcies. United Airlines Holdings Inc. UAL, -14.82%  and American Airlines Group Inc. AAL, +11.25%  have joined Delta Air Lines […]

‘Elbow bumps’ instead of handshakes, canceled prayer services and drained holy-water fonts: life and spirituality in the coronavirus era

Do you ever wonder whether elevator or ATM buttons might transmit COVID-19? Are you living in holy terror of contracting the coronavirus at your place of worship? Many Americans are scared, and they are changing what they touch and where they go out of fear that they will catch the potentially fatal coronavirus that has […]