A recap of the past week in 3 short headlines. 1. A Slow Week for Stocks With the end of the highly-contested election cycle, the market has remained relatively stable as we head into the winter holidays. The Dow Jones dropped 0.74%, the S&P 500 fell -0.77%, while the NASDAQ gained 0.22% on the quiet […]
A recap of the past week in 3 short headlines. 1. Fading Excitement With amazing news announced Monday in the form of Pfizer’s reportedly 90% effective vaccine, markets started off the week very strong. The news from the American biotech company helped sustain the broad rally of the past two weeks, leaving non-tech industries that […]
A recap of the past week in 3 short headlines 1. An Election Rebound After selling off in October, markets quickly rebounded this week after seeing election results. Market indices charged ahead, with the Dow Jones gaining 6.11%, the S&P 500 gaining 6.47%, and the NASDAQ gaining 8.04%. More encouraging economic news has arrived, with […]
The center of monetary policy in the U.S. is the Federal Reserve System. It’s composed of a board and twelve regional banks, which each have their own boards. It has a mix of public and private elements; it can increase the amount of money in the economy, but also attempts to turn a profit. Based […]
A recap of the past week in 3 short headlines 1. Investors Are Spooked Stocks had their worst week and month since March after indices closed down on Friday. A record spike in COVID cases along with election jitters are leading to volatility last seen when COVID hit the markets earlier this year. With much […]
American businesses are the driving force behind the capitalistic economy of the United States. They are agents of both profit and purveyance, competing for consumer money and directing their revenues back into the economy from which it originated in the forms of labor and overhead. The movement of money in and out of businesses is […]
A recap of the past week in 3 short headlines 1. Back-and-Forth Week Stocks had a back-and-forth week due mainly to hopes for new stimulus rising and fading with new headlines from DC. For the past week, the Dow fell 0.95%, the S&P 500 fell 0.53%, and the NASDAQ fell 1.06%. As investors bet more […]
In the mid-to-late 20th century, economists predicted that nascent economic theories would mean the death of major recessions and depressions. Governments could preemptively adjust their fiscal and monetary policy to soften or largely prevent the effects of the business cycle, which before was so capricious and severe. This prediction has proven false. Decade after decade, […]
Currently as I write this article, the light filtering through my window is a sickly yellow, the result of the thick clouds of smoke that have rolled in over Seattle. The sky is this hazy, uniform blanket of yellow smog that obscures the horizon. The air is dangerous to breathe and stings at the eyes. […]
A recap of the past week in 3 short headlines 1. Volatile Week Stocks had a rough and volatile week, with new information about stimulus, the current economic recovery, and coronavirus numbers. Stocks opened this week up by rising on Monday but then fell for the next three days. They rose on Friday when data […]