The Dow Jones Industrial Average surged at historic rates March 24, as pressure came down from President Donald Trump on Congress to pass a fiscal stimulus bill and regulators to reopen businesses by Easter. Tri-county public companies rebounded 9.4 percent from the past week’s declines, including a 68 percent jump for Goleta breast implant supplier Read More →
Tri-county stocks regained some of the previous day’s losses with the passage of a stimulus package to counteract the economic impacts of the coronavirus crisis, ending up 4.4 percent March 19 from the start of the week. Early stage biotech stocks topped the gains, including a 36 percent jump for Arcutis Biotherapeutics and a 27 Read More →
National financial markets and tri-county stocks continued to plunge March 16 in defiance of new fiscal stimulus as states imposed new restrictions over the weekend on restaurants, movie theaters and other businesses. President Donald Trump warned that the economic impact of the coronavirus epidemic could last through the summer. The S&P 500 fell 12 percent Read More →
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By Matthew Fienup There is one clear lesson from the first 30 days of the Trump economy. The so-called “New Normal,” a belief in the inevitability of poor economic performance following the Great Recession, is now dead. I wish I could also say that a return to robust economic growth is just around the corner Read More →