Jonathan T. Fluharty-Jaidee

Jonathan T. Fluharty-Jaidee

The Latest

  • Why stocks are soaring even as coronavirus cases surge, 20 million unemployment and recession
    People dressed in food-themed costumes walk on the floor of the New York Stock Exchange to celebrate the IPO of GrubHub in New York
    Yet America’s main stock market index has surged as much as 44% since hitting a three-year low on March 23, erasing most of its coronavirus losses.
  • Should Trump shut down the stock market? 4 questions answered
    Should Trump shut down the stock market? 4 questions answered
    Financial markets across the globe have plunged repeatedly in recent weeks over concerns about the growing economic toll from the coronavirus pandemic, on some days falling over 10%. This has raised the question of whether governments should shut down their stock markets until the panic subsides.
  • The Fed’s ‘surprise’ interest rate cut: 5 questions answered
    A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip
    The Federal Reserve unexpectedly cut interest rates by half a percentage point on March 2 to calm investors worried the unfolding coronavirus outbreak will slow economic growth. After the surprise move – the first since the 2008 financial crisis – stocks resumed their decline, with the Standard & Poor’s 500 ending the day down 2.8%.