Stocks Fall on Lockdown Worries | Win a $40 Amazon Gift Card
Expect Market Volatility this Weekend
Catch Up Quick
Coronavirus cases continue to rise across the nation
> 90% of college students say they should pay less for online classes
Bayer paid $10B to settle claims that its Roundup weedkiller causes cancer
The federal government spent a record $8.6B on food stamps last month
The parent company of Chuck E. Cheese filed for Chapter 11 bankruptcy
Supermarket operator Albertsons raised $800M in a downsized IPO
The head of the White House Economic Advisers is leaving at the end of the month
My Friday Opinions
Fitch downgraded Canada's credit rating Wednesday, making it the 25th country to have its sovereign rating downgraded since March— lowering the investment-grade statuses of these nations will make it even harder to find buyers for their bonds, which will in turn make it harder to raise capital to fund actions
To offset some of the negative economic impact from the pandemic, governments across the globe have announced massive fiscal packages and new borrowing— many investors have overlooked the downsides of such stimuli, such as the amount of global debt that is expected to surpass global GDP (no, you did not read that wrong)
The Fed is cracking down on bank dividends and share buybacks in a way unseen since annual stress tests of the 2008 financial crisis— this is essentially the Fed’s way of saying that the financial system is it trouble if anything other than a V-shaped recovery occurs
BlackRock slashed fees for its biggest S&P 500 ETF to be inline with the similar ETF offered by rival Vanguard— as the army of retail traders (referred to by some as Robinhood traders) develops investing experience, many will eventually flock to index funds, realizing the difficulty of outperforming the market, and this move by BlackRock aims to position themselves to compete with Vanguard in midst of that paradigm
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