May 22, 2020
The debate on whether the stimulus checks arriving to the digital bank accounts of U.S. consumers are working rages on in the halls of Congress and on Wall Street. But from the perspective of America’s largest retailer Walmart (WMT), the newfound cash infusion to household balance sheets are working as designed. They are helping people […]
May 21, 2020
Shark Tank’s Barbara Corcoran hasn’t been shy with her criticism of the government’s aid for small businesses during the coronavirus shutdown. When she saw the startups she’s backed struggle to apply for Paycheck Protection Program (PPP) loans, she called the Small...
May 19, 2020
Newly sent out stimulus checks from lawmakers may be having their desired effects: boost consumer spending — which makes up about 70% of the U.S. economy — and yank the U.S. economy out of a severe recession this summer. “As the [first] quarter progressed, we saw a...
May 14, 2020
After a rally in stocks since late March fueled on pure hope around the pace of economic recovery post the worst of the COVID-19 pandemic, the markets may be starting to cry out for their latest pound of flesh to keep stocks moving higher. And the needed flesh will...
May 13, 2020
Americans are using historically low interest rates to refinance their loans as a form of personal stimulus during the pandemic. “Mortgage volume is at record levels, and has been for quite some time and continues to crest upwards in terms of demand,” Brendan...
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