- Mortgage demand from homebuyers shows unexpectedly strong and quick recovery, as applications spike
- New home sales rose slightly in April, defying expectations of a huge 22% drop, as prices fall
- Home prices gained strength as coronavirus shut down economy in March, S&P Case-Shiller says
- May unemployment looks worse than expected, signaling another bad jobs report could be coming
- Mitch McConnell says next coronavirus bill will not extend enhanced unemployment benefits
- Ackman says hedge fund up 27% year to date, dumped Berkshire
- Ackman says portfolio is up as much as 27%, sold Berkshire recently
- Starboard set to win eight board seats at GCP Applied Technologies-sources
- Northern Trust shutting fund; an outlier or sign of future risk?
- Retirement services provider Human Interest extends funding round to $50 million
21.05.2020 Second wave of coronavirus infections could cause a worse economic disaster, experts warn
States across the country began reopening parts of their economies as early as April 24. Guidelines for reopening differ widely but a key difference lies in which sector can open first and the speed of the process. However, experts warn that a preemptive reopening can do more harm than good by potentially creating a second wave of infections, which would lead to more closures and increased economic hardship.