What 47 Million People Being Laid Off Looks Like
There could be 47 million people let go which would lead to an unemployment rate of 32.1%, higher than the Great Depression’s worst rate of 24.9%.
Recent
IRS Gives Stimulus Check Distribution Details, Says Payments To Begin Within Three Weeks
The distribution of economic impact payments will begin in the next three weeks and that they will be distributed automatically.
Global funds still recommend bonds over stocks: Reuters poll
Global fund managers are convinced the world economy is already in recession, and recommended increasing bond holdings in March.
Morgan Stanley Tells Employees Their Jobs Are Safe For 2020
CEO James P. Gorman has announced that Morgan Stanley employees have no need to fear for their jobs.
Blackrock to freeze global hiring
The world's largest asset manager will freeze global hiring for "a few weeks."
Jefferies Group CFO Dies From Coronavirus Complications
Peg Broadbent's death marks one of the first deaths among senior Wall Street executives from the pandemic. He was 56.
‘Selling fatigue’ has set in, but here’s why UBS says it’s too early to call the stock-market bottom
UBS strategists said “selling fatigue” may have kicked in as investors were no longer reacting as wildly to incremental bad news as they have been.
