GDP Plunges 4.8%, Stocks Jump 2%

America’s economy shrank by 4.8% in the first quarter, reflecting fallout from the coronavirus outbreak. That means the economy is definitely heading for a recession. A recession is defined… Read more

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Federal Reserve Saves the Day

U.S. stock prices are rallying again to a seven-week high. Why? The Federal Reserve. These 5G stocks will be among the biggest winners (click here for details). The Federal… Read more

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$23 Billion in Dividends Disappears

Dividends are on the chopping block. The Wall Street Journal reports that a record number of companies have suspended or canceled their dividends in 2020. In fact, more companies… Read more

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25% Unemployment in This Great City

After six weeks of nearly 100% nationwide shutdown… Some states are starting to lift restrictions and allow “low risk” businesses to re-open. Few cities have been harder hit than… Read more

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Apple’s New 2020 iPhones

Apple is delaying the iPhone launch of the new 2020 models. The Wall Street Journal reports that the new iPhones will be delayed by approximately one month. The delays… Read more

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Outbreak Steals 26 Million Jobs

Another 4.4 million Americans filed for unemployment last week. That brings the total to 26 million new claims in the last five weeks. Some observers viewed this week’s report… Read more

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5G Live in 90 New Cities . . . Is Yours on The List?

This week, AT&T (NYSE: T) launched 5G service in 90 new cities. It’s the latest move by America’s No. 2 wireless company to increase capacity. Internet usage has surged… Read more

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14% of New Yorkers Infected

New York Governor Andrew Cuomo says 13.9% of New York state residents have been infected with Covid-19. The state has tested 3,000 individuals at grocery stores and shopping centers…. Read more

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$484 Billion to Save American Businesses

$484 billion: The latest economic stimulus bill just passed in the Senate. And it’s heading for a vote in the House of Representatives. Small businesses will reap the biggest… Read more

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