Despite the stimulus-fuelled Stock Market surge, corporate bankruptcies in the US are worse than the 2008 crash. pic.twitter.com/lht4lg8Zpm
— Anthony Costello (@globalhlthtwit) August 22, 2020
— Win Smart, CFA (@WinfieldSmart) August 25, 2020
consumer confidence plunges, stocks ATHs – this won't end well pic.twitter.com/EAUDoJFUtS
— Alastair Williamson (@StockBoardAsset) August 25, 2020
just waiting for vol to show up pic.twitter.com/YAOWdz89vj
— Alastair Williamson (@StockBoardAsset) August 24, 2020
When you casually manage to sell everything right before the toppic.twitter.com/YWdrBo1PK4
— Sven Henrich (@NorthmanTrader) August 25, 2020
Consumer confidence dropped for the second month in a row, sparking fears among experts about economic recovery.
Restaurants have so far limped along through the worst of the coronavirus pandemic. But key pillars of support for their businesses will soon evaporate, spelling disaster for their eateries — and their landlords.
The Fed could be setting the US economy up for a harder fall down the road.
U.S. bank profits were down 70% from a year prior in the second quarter of 2020 on continued economic uncertainty driven by the coronavirus pandemic, a regulator reported Tuesday.