Regional Bank Stocks Gain as Coronavirus Cases Fall

Regional banking stocks have underperformed most market sectors in the pandemic recovery rally, pressured by a sharp contraction in economic activity and shrinking net interest margins (NIMs). However, technology traders have banked some profits this week and rotated into the regional bank group in the wake of lower coronavirus case numbers and hopes of a successful vaccine. Although the daily […]

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Mnuchin urges Dems to pass $1T coronavirus stimulus deal but won't speculate on aid compromise

Steven Mnuchin: Pelosi, Schumer ‘unwilling to compromise’ in coronavirus stimulus negotiations U.S. Treasury Secretary Steven Mnuchin says Democrats Sen. Chuck Schumer, D-N.Y., and Rep. Nancy Pelosi, D-Calif., are unwilling to compromise on some aspects of the coronavirus stimulus package, which caused President Trump to sign his executive orders to get things done in the meantime. He later addresses the payroll […]

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Moore on coronavirus executive orders: 'This is a real game-changer for President Trump'

Stephen Moore on Trump signing executive orders extending COVID-19 relief Member of the White House Economic Recovery Task Force Stephen Moore joins ‘Fox & Friends Weekend.’ President Trump's four executive orders to provide Americans financial relief from the ongoing coronavirus pandemic amid stalled negotiations in the Senate are "a real game-changer" for the president, Stephen Moore, a member of President Trump's economic recovery task […]

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Berkshire Q2 Profit Up 87%, But Operating Profit Down 10%

Billionaire Warren Buffett’s Berkshire Hathaway Inc. (BRK.A, BRK.B) reported a profit for the second-quarter that increased 87 percent from last year, as the value of its investment portfolio increased with the stock market. But it took about $10 billion write down on the value of its Precision Castparts aircraft parts unit due to the impact of the COVID-19 pandemic. Quarterly […]

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Health versus economy trade-off isn’t a solvable equation

Responses to the coronavirus are often presented as a binary choice between lives saved and the economic cost of trying to save those lives – health versus the economy. As with most things to do with the pandemic, it’s not quite that simple. As Victorians suffer through a harsh phase four lockdown, that apparent trade-off between health outcomes and economic […]

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Trump should give payroll tax cut to 150 million workers and let Pelosi unleash her outrage

‘No question’ Trump has authority to suspend payroll tax: Steve Moore FreedomWorks economist Steve Moore discusses the stimulus options on the table in Capitol Hill negotiations and argues the payroll tax suspension is the only policy that would actually stimulate the U.S. economy. Every indication is that Donald Trump is getting very close to pulling the trigger on a payroll […]

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Curve Flattening Lifts Transportation Stocks

The Dow Jones Transportation Average rallied to a five-month high this week, underpinned by bullish sentiment in reaction to COVID-19 curve-flattening across the Southern and Southwestern states. Package delivery services are leading the advance, with United Parcel Service, Inc. (UPS) surging to an all-time high. A steady airline bounce is also supporting the upside, after TSA reported the strongest air […]

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