Gold prices surged higher on Thursday following an announcement by the Federal Reserve that they would increase their programs to support small businesses. Yields moved lower helping to buoy the yellow metal after the Labor Department reported a larger than expected increase in US jobless claims. This is the 3-straight multi-million person increase in initial jobless claims pushing continuing claims to an all-time high....
(Bloomberg) -- New York state reported the fewest hospitalizations since the outbreak began even as it recorded the most deaths in a 24-hour period. The top U.S. infectious-disease expert said the final death toll may be lower than earlier estimated.Spain is poised to extend a nationwide lockdown, a step also being considered by Italy. U.K. Prime Minister Boris Johnson was taken out of intensive care and moved back to the main hospital ward.Stocks rallied after the Federal Reserve acted to provide as much as $2.3 trillion in aid, even as huge numbers of Americans again applied for jobless benefits.Key Developments:Global cases top 1.5 million; deaths pass 90,000: Johns HopkinsSpain, Italy to extend lockdowns amid persistent rise in casesCostly CT scans filling virus testing void for U.S. doctorsUBS, Credit Suisse will split payouts for 2019 into two installmentsSouth Korea’s CDC says virus may “reactivate” in cured patientsN.J. Expects Peak in 2 to...
A rising tide is said to float all boats. But when it comes to Carnival (NYSE:CCL), investors need to know where the exits are before climbing aboard CCL stock. Let me explain.Source: Ruth Peterkin / Shutterstock.com To be certain, it has been a great week for Wall Street -- and even some Carnival investors. Out of the gate on Monday, the broader averages ramped higher on sorely needed confirmation for the prior week's "iffy" market bottom. Healthy gains of around 6.75% in the large-cap and diversified S&P 500 were backed by a collective sigh of relief from investors.The move followed reports that a peak in the novel coronavirus may be at hand.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd beleaguered cruise line operator Carnival wasn't left stranded either. Shares sailed strongly higher by more than 20% in Monday's session while handily outperforming the broader market. And in some ways,...
