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JPMorgan CEO Jamie Dimon doesn"t expect stocks to crash anytime soon - but warns against ignoring Warren Buffett and trying to time the market

"Guessing at market tops, market bottoms - that is a complete loser's game," Dimon said. "I've never seen anyone win at it." JPMorgan CEO Jamie Dimon. Mark Lennihan/AP Jamie Dimon expects a post-virus economic boom to support stock prices.The .....»»

Category: dealsSource: nytApr 23rd, 2021

Economic Report: U.S. manufacturing takes temporary step back in February as durable goods orders post first drop in 10 months

U.S. orders for long-lasting manufactured goods fell in February for the first time since last spring in a month pockmarked by severe weather, but the lapse in growth is likely to prove temporary as the economy regains momentum after a winter lull......»»

Category: topSource: marketwatchMar 24th, 2021

: ‘Amazon can get anything in the world physically to your door in under 48 hours. It takes Uncle Sam six days’: Wells Fargo defends stimulus-check delay

'That time delay costs American living on the edge millions, billions in fees,' says Aaron Klein, a former Treasury Department deputy assistant secretary for economic policy......»»

Category: topSource: marketwatchMar 16th, 2021

Economic Report: U.S. retail sales drop 3% in February before new round of stimulus checks

Sales at U.S. retailers fell 3% in February due to a lapse in government aid and a bout of unusually bad weather, but business is expected to pick up again soon after Washington sent $1,400 stimulus checks to most Americans......»»

Category: topSource: marketwatchMar 16th, 2021

: ‘Amazon can get anything in the world physically to your door in under 48 hours. It takes Uncle Sam six days’: Americans wait impatiently for their stimulus checks

'That time delay costs American living on the edge millions, billions in fees,' says Aaron Klein, a former Treasury Department deputy assistant secretary for economic policy......»»

Category: topSource: marketwatchMar 16th, 2021

Market Snapshot: Stocks lower as Fed’s Powell says inflation unlikely to ‘change on a dime,’ despite rising bond yields

Stocks lose ground Tuesday, with tech shares continuing to lead the way down, as Federal Reserve Chairman Jerome Powell vows to stay the course on easy monetary policy and warns the economic recovery remains uneven and far from complete......»»

Category: topSource: marketwatchFeb 23rd, 2021

De Blasio Warns Of "Dangerous" Snowstorm As Two Feet Expected

De Blasio Warns Of "Dangerous" Snowstorm As Two Feet Expected Update (1830 ET): The National Weather Service reports New York City's official snowfall forecast could total around two f.....»»

Category: worldSource: nytJan 31st, 2021

AAA: No Memorial Day travel forecast for first time in 20 years

Thanks to the continued impact of the Covid-19 crisis on businesses, AAA will not issue a Memorial Day travel forecast for the first time in 20 years. The reason: concerns that the accuracy of the economic data used to create the forecast has been .....»»

Category: topSource: bizjournalsMay 15th, 2020

AAA: No Memorial Day travel forecast for first time in 20 years thanks to pandemic impact

Thanks to the continued impact of the Covid-19 crisis on businesses, AAA will not issue a Memorial Day travel forecast for the first time in 20 years. The reason? Concerns that the accuracy of the economic data used to create the forecast has been .....»»

Category: topSource: bizjournalsMay 14th, 2020

Economic crises that led to massive government stimulus

While the CARES Act is the largest stimulus measure in history, it is hardly the first time the U.S. government has used non-traditional tools of fiscal policy to intervene in an economic crisis......»»

Category: worldSource: nytMay 5th, 2020

White House adviser sees "cash" phase of economic rescue winding down

With the U.S. economy poised for a sharp rebound, it is time for policy to move from a "cash" rescue phase to focus on more long-term measures that can underpin growth, a top White House adviser said on Wednesday......»»

Category: topSource: reutersApr 29th, 2020

IMF Warns Asia Won"t See Economic Growth For The First Time Since 1960s

The International Monetary Fund on Wednesday forecasted that Asia wouldn't see any economic growth in the financial year 2020. read more.....»»

Category: blogSource: benzingaApr 16th, 2020

Former Google CEO: ‘This is the first time as a species we have had to face the same problem as a planet’

The pandemic-economic crisis underscores the necessity for a national broadband policy to reach rural areas, and a more even playing field for the economically disadvantaged who either don’t have access to laptops or Wi-Fi......»»

Category: topSource: marketwatchApr 8th, 2020

The Washington Post wrote that New Zealand is "squashing" its coronavirus curve. An expert agrees, but says the elimination policy could still fail.

Hagen Hopkins/Getty New Zealand's approach to the coronavirus, by closing its borders to foreigners.....»»

Category: topSource: businessinsiderApr 7th, 2020

Powell says Fed didn"t prepare economic forecast or a "dot plot"- adds these will resume in June

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchMar 15th, 2020

Johns Hopkins Doctor Warns, "What Happened In Wuhan Could Happen Here"

Johns Hopkins Doctor Warns, 'What Happened In Wuhan Could Happen Here' Renowned Johns Hopkins surgeon, researcher and policy expert Martin Makary told CNBC on Tuesday morning that the virus outbrea.....»»

Category: blogSource: zerohedgeMar 10th, 2020

Asian stock markets reverse losses on global policy stimulus hopes

Asian shares steadied from early losses on Monday as investors placed their hopes on a coordinated global monetary policy response to weather the damaging economic impact of the coronavirus epidemic......»»

Category: topSource: reutersMar 1st, 2020

Beyond Rate Cuts, 8 Non-Traditional Federal Reserve and Government Tools to Fight Coronavirus Economic Ruin

One of the biggest concerns in the financial markets at this time is that governments and central banks have few obvious policy tools to help keep their economies going if what was seen in China........»»

Category: blogSource: 247wallstFeb 29th, 2020

Face recognition bans won"t hurt Mass. economy, says expert

As the debate over government use of facial recognition technology spreads across more city councils in the state, one public policy expert thinks that the bans in place across the Bay State have “no obvious economic downside” since they don't p.....»»

Category: topSource: bizjournalsFeb 26th, 2020

Worldwide economic growth could shrink by more than $1 trillion if coronavirus becomes a global pandemic, one research firm warns

Kevin Lee / Getty Images Oxford Economics projects the coronavirus could wipe out $1.1 trillion from their baseline worldwide gross domestic product forecast if it morphs into a global pandemic. A more optimistic estimate from the f.....»»

Category: topSource: businessinsiderFeb 25th, 2020