Jim Cramer says that it’s high time to start buying stocks. He claimed this as there was a broad market selloff in the last trading sessions.
According to Warren Buffett, these two historic books may help people to better understand what is happening in the world today.
The U.S. Treasury Department announced its plans to borrow about $3 trillion this quarter. The money is being used in large part to support the economy in the wake of the coronavirus pandemic.
Bitcoin price surged 16% and crossed $9,200 by now. Market factors include the beginning of the removal of quarantine in the EU and the most powerful emission of the Central Bank of the EU and the Fed.
The record surge of Americans applying for unemployment benefits is starting to recede, but another 4.4 million people filed new jobless claims last week to push the total above 26 million.
With more than 160,000 confirmed cases, the New York coronavirus infection volume is now the world’s largest. New York now has more confirmed cases than any country in the world.
Stocks rallied on Monday as investors cheered early signs that lockdowns in the U.S. and Europe may help to stop the coronavirus pandemic. Meanwhile, many Americans say that $1,200 stimulus checks won’t be enough.
U.S. President Donald Trump told CNBC that he had talked to his counterparts in Russia and Saudi Arabia to work out a solution for the crashing oil markets. Saudi Arabia has called for an “urgent” meeting between OPEC and its allies. Oil price went up.
Millions of Americans already have been laid off as states and localities shut down nonessential businesses. About 3.3 million people have filed for unemployment benefits in U.S.
On Monday, the broader markets surged upwards while putting aside the concerns of the rising coronavirus cases. With Monday’s surge, the Dow is now 20% up from its COVID-19 sell-off low of 18,500.