Jonathan T. Fluharty-Jaidee
The Latest
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Why stocks are soaring even as coronavirus cases surge, 20 million unemployment and recession
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. 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
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. 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
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%. 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%.