Tri-county stocks mixed as stimulus package stalls
A 3 percent drop in U.S. equities markets hit smaller stocks in the Tri-Counties on March 23, as a stimulus package to combat the economic fallout of the coronavirus failed for a second time to gain legislative approval. The region’s companies had mixed results, with gains for eight out of the 10 largest firms. Goleta Read More →
Tri-county stocks end week with mixed results
Tri-county public companies ended the worst week for Wall Street since 2008 with a 5 percent drop March 20, as the threat of a recession loomed larger in the wake of the coronavirus outbreak. Stocks had a mixed close, with losses among several biotech firms, including regional biotech giant Amgen. Shares fell another 5.3 percent Read More →
Dubroff: Assessing the impact on tri-county economy
It might be the understatement of the new decade to say that the economics of coronavirus are not well understood. That doesn’t help the hundreds of hotel and restaurant workers who’ve been laid off during a crisis that Acme Hospitality Group leader Sherry Villanueva described as “unprecedented and still unfolding” in a note explaining why Read More →
Tri-county stocks bounce back from coronavirus losses
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 →
Tri-county bars, restaurants and wineries feel pain of pandemic
Bars and tap rooms empty on St. Patrick’s Day. Wine tasting on hiatus. Major viticulture industry events canceled or rescheduled. Restaurants cutting their occupancy by half and later switching to take-out only. The COVID-19 virus continues to upend life as usual and blast its way through the economy. Gov. Gavin Newsom issued guidelines on March Read More →
Coronavirus impacts hammer tri-county stocks
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Tri-county stocks bounce back up 5 percent
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
