A ‘wave’ of layoffs is coming for $100,000/year white-collar jobs

Billionaire bond investor Jeffrey Gundlach, the CEO of $135 billion DoubleLine Capital, sees the potential for a “wave of more higher-end unemployment’ hitting white-collar workers making more than $100,000 per year as employers increasingly question the value these employees bring. In 11 weeks, more than 42 million Americans filed for unemployment insurance as the COVID-19 pandemic […]

Why a recovery’s not coming till 2021

When we asked Yahoo Finance readers earlier this month what questions they have about the coronavirus recession, two came up repeatedly: Why are stocks going up when the economic news is so bad? And when will this mess be over? Nobody can interpret the stock market...