Weakest Retail Sales Since ’92 Confirm US Recession Fears
“Economists have long imagined over the years what a new Great Depression would look like, but today they can stop thinking about it.”
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Author: News Team
Bank of America, Citigroup Q1 Profits Tank Amid COVID-19
The bank’s analysis showed growth would recover slowly from the second quarter, “with negative growth rates in GDP extending well into 2021,” Chief Financial Officer Paul Donofrio said.
Daily Nuggets: Gold Falls as Dollar Rises and Investors Book Profits
Strategist: “Gold has been following equity markets, and equities are selling off. That’s causing volatility and along with a stronger U.S. dollar, it’s getting folks to adjust their portfolios in response.”
Wells Fargo Q1 Profits Decimated; Earnings Per Share Plummet to 1 Cent
Analysts had expected a profit of 33 cents per share, on average, according to Refinitiv data.
Daily Nuggets: Gold Rallies to 2012 Highs Amid Recession Fears
Holdings in the SPDR Gold Trust, the world’s largest gold-backed ETF, rose to 1,009.70 tonnes on Monday, the highest since June 2013.
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