Economy shed another 6.6 million jobs last week
Just too much potentially market-moving news this morning. I count three stories in that category and it’s only noon. But let’s begin. 6.61 million Americans filed initial claims for unemployment in the week ended April 4, the Labor Department reported...
Selling Itau Unibanco out of my Jubak Picks Portfolio
When I sold Commonwealth Bank of Australia (CMWAY) a few moments ago I wrote “I’ve only got a small bit of exposure to the global banking system and, frankly, I think it’s past time to get rid of even that exposure. We’re in one of those...
Selling Commonwealth Bank of Australia out of Dividend Portfolio
I’ve only got a small bit of exposure to the global banking system and, frankly, I think it’s past time to get rid of even that exposure. We’re in one of those banking sector moments where we know that banks are loaded up with assets that can’t...
Walgreens latest stock to punch holes in a coronavirus revenue growth story
The theory was that Walgreens Boots Alliance (WBA) would actually benefit from the coronavirus pandemic as consumers stocked up at the drugstore chain in preparation for the coronavirus shelter-in-place orders now becoming common in the United States and Europe. But...
Economy loses 701,000 jobs in March; April looks much worse
The U.S economy lost 701,000 jobs in March, the Bureau of Labor Statistics announced this morning. The unemployment rate rose to 4.4% in March from 3.5%, a 50-year low, in February. The survey behind the numbers was completed by March 12 so it didn’t capture the...
Initial claims for unemployment soar to 6.65 million
I’m finding it hard to wrap my head around exactly how bad the economy is and how fast the collapse has been. Today’s report of 6.65 million new claims for unemployment for the week ended March 28 exploded through the record number of new claims set just...
The coronavirus rescue bill leverages the Fed by $4 trillion to head off a credit crisis–you think it might be serious? Look at the credit card market
On top of the $2.2 billion that the Coronavirus rescue bill now in front of the House of Representatives allocated to checks to individuals, loans and grants to companies, extra unemployment insurance and more, the bill also gave the Treasury the go ahead to backstop...Jim’s Daily Email Alerts:
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