It has been one wild ride this week on the U.S. stock market. Everyone and everything is going nuts. Not even a massive 0.5 percent cut to interest rates by the Federal Reserve was enough to save the Dow Jones. On Thursday, the Dow Jones plunged 800 points, the Nasdaq fell 200 points, and the […]
Archives for March 2020
WATCH: The best of MSNBC’s Chris Matthews
Chris Matthews abruptly retired on Monday night from MSNBC after more than 20 years, sending shockwaves throughout the mainstream media. “I’m retiring. This is the last ‘Hardball’ on MSNBC, and obviously this isn’t for lack of interest in politics. As you can tell, I’ve loved every minute of my 20 years as host of ‘Hardball.’ […]
Is the Federal Reserve ready to fight a recession?
By: Pavel Mordasov On February 11, 2020, Federal Reserve chairman Jerome Powell delivered a semiannual report discussing the economy and laying out the good, the bad, and the precautions that the Fed must take in the event of a future economic downturn. Although Powell spoke on a lot of positive features that are occurring in the […]
Federal Reserve cuts interest rates, Dow Jones still crashes 600 points
For the first time since the financial crisis more than a decade ago, the Federal Reserve made an emergency interest rate cut and reduce the benchmark fed funds rate by 50 basis points. With the adjustment, the target range has been brought down to one percent and 1.50 percent. The U.S. central bank finally blinked […]
BUY THE DIP? Dow Jones rebounds 500 points, coronavirus stocks subdued
Buy the dip? It looks like the classic adage may be paying dividends on Monday as the U.S. stock market appears to be rebounding. Here is what investors are looking at on Monday: Despite the coronavirus appearing to be getting worse, traders are betting on central banks to cut interest rates. It might not be […]