US Consumer Confidence Index Plunges to 3-Year Low Amid Pandemic
The consumer confidence index fell to a reading of 120.0 this month, its lowest rating since July 2017.
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Author: Shaun Cox
How the Coronavirus Relief Act Affects Retirement Accounts
The CARES Act is officially the biggest economic life preserver in modern U.S. history, “a wartime level of investment into our nation.”
Treasury Secretary Mnuchin Says Relief Checks Arriving in 3 Weeks
“Most of these will be direct deposit, so we call them checks in the mail, but it will be three weeks. We’re determined to get money in people’s pockets immediately. That will be within three weeks.”
Cannabis Sales, Stocks Soar Amid Outbreak, but Will the Bump Last?
Planas: “Sales shot up in anticipation of quarantines. We’ve seen this kind of stockpiling before natural disasters, like hurricanes. People don’t know how long shops could close for, so they want to get supplies now.”
Closing Bell: Rally Continues as Gov’t Closes in on ‘Emergency Relief’
“This market still faces challenges from the coronavirus and its economic fallout, so there are bound to be false starts, retracements and tests,” Rick Swope, a director at E*TRADE Financial Corp., told Reuters.
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