A Wall Street expert breaks down why these are the best 6 stocks to own for a second coronavirus wave in addition to the FAANMGs
"The momentum in the labor market is stalling," Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note. "Against this backdrop, the need for further fiscal action is obvious, but we no longer expect any meaningful relief bill until February." Federal Reserve officials on Wednesday emphasized the importance of passing new fiscal aid to keep the US rebound on track. Yet Congress has largely abandoned talks on another stimulus bill and instead shifted focus to the Supreme Court vacancy and avoiding a government shutdown.
Rising COVID-19 infection rates in the US renewed fears of another virus wave halting economic activity. Case counts began a downward trend in July but have since swung higher amid reopenings.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Really, the Dow was 19,000 when Trump took over from the Obama administration, that’s the real story. Booming economy.
Feeling it. 🙃
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An inside look at aerial firefighting of raging West Coast wildfires - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus fallout has erased $3.5 trillion in workforce income, UN agency says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How Colorado became the quarantine location of choice for 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Can’t ready it Speaker Pelosi is absolutely correct. Demagogue Donald is obsessed in hatred of former President Obama and wants to end Obamacare without any current replacement. Poetic Justice when Trumpies are WOKE to discover their children with preexisting conditions uncovered.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Limited-time offer: Business Insider subscription with Brex card - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Who TF would want a business insider subscription Why don't I get this with my AMEX platinum?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Webinar with Business Insider's politics team on presidential election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Of course the debates are superfluous. They give people the wrong reasons to vote for a candidate, i.e., who is the most handsome, most witty, most funny, give the best one liners, reads the best speech, etc.
Source: BusinessInsider - 🏆 729. / 51 Read more »