Private sector shed 2.76 million jobs in May, ADP says, much less than forecast
Economists were expecting 8.66 million job losses.
Recent
The Fed has made valuing stocks like ‘cheating off the F student,’ strategist says
“Relative value becomes meaningless when the Fed is buying everything but equities -- it’s all cheating off the proverbial F student.”
How Wealth Managers Helped Millionaire Clients Grow Richer During Lockdown
The world's richest have seen their fortunes soar during coronavirus, rewarding wealth managers that helped them profit from the pandemic.
Mass Protests Across The U.S. Have No Impact On Stocks—What Gives?
Despite escalating protests in cities across the country over the killing of George Floyd, stocks have continued to rally.
NYC’s Finance Jobs Won’t Recover for Six Years, Analysis Shows
New York City’s finance industry won’t recover from the devastation wrought by Covid-19 until 2026.
BlackRock Rakes in Big Portion of Fed’s ETF Investments
The Fed’s top-five purchases of ETFs last month included funds that buy investment-grade and high-yield corporate bonds, according to ETFGI.
Stocks could repeat March troubles if Trump sends in the military, warns top economist
Aside from additional damage to the nation’s social fabric, use of military force domestically would worsen consumer activity and slow the recovery.
