Stock futures open slightly lower as US-China tensions mount

Stock futures opened slightly lower Thursday evening as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. A slew of quarterly corporate earnings results came in mixed. Concerns that relations with China could become increasingly strained flared up Thursday, with U.S. senators introducing a bipartisan bill that […]

‘I can’t believe people drink the Kool-Aid’

Another 2.4 million workers filed for unemployment last week as political squabbling over blue state bailouts, death toll counts, and prioritizing employer liabilities has put the next round of fiscal stimulus in limbo. A piecemeal national approach to reopening the...

Fed officials warn of long road ahead for U.S. economic recovery

Federal Reserve officials are hanging up hopes for a V-shaped economy recovery, warning that the U.S. economy is at risk of suffering damage that could make for a bumpy road in the short to medium-term. “My own forecast would be a couple very difficult months ahead of...