Fed’s Rosengren sees 10% unemployment as the new norm

FAN Editor

St. Louis Federal Reserve President James Bullard on the ‘unprecedented’ financial impact of the coronavirus. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below Boston Federal Reserve President Eric Rosengren believes the coronavirus is a ‘Black Swan’ event that will […]

Macy’s booted from S&P 500

FAN Editor

Amid coronavirus store closures, Macy’s market cap has decreased so much it will be removed from the S&P 500. FOX Business’ Lauren Simonetti with more. Macy’s will be removed from the benchmark S&P 500 index, the S&P Global Indices said on Tuesday evening. Continue Reading Below Shares of the New […]

Coronavirus pandemic zaps oil demand

FAN Editor

The Schork Report publisher Stephen Schork argues oil prices will continue to fall. U.S. oil inventories ballooned last week as the COVID-19 pandemic crushed demand. Continue Reading Below Crude oil stockpiles rose to 13.83 million barrels in the week ended March 27, the U.S. Energy Information Administration said Wednesday. Economists […]