Author: CapitalGainsFund

May 19

Market Snapshot: Dow futures retreat as stock-market investors await testimony from Powell, Mnuchin

U.S. stock-index futures indicated a lackluster start of trade Tuesday, following the best day for the S&P 500 and the Dow since early April. Wall Street will be watching for congressional testimony from Federal Reserve boss Jerome Powell and Treasury Secretary Steven Mnuchin. How are benchmarks trading? Futures for the Dow Jones Industrial Average YMM20, […]
May 19

‘This will kill you’: Many express alarm after Trump says he’s taking hydroxychloroquine

President Donald Trump stunned many Monday by saying he’s been taking the anti-malaria drug hydroxychloroquine to prevent COVID-19, even though there’s no scientific evidence that it treats the coronavirus, much less prevents it. Hydroxychloroquine has potentially severe side effects, including heart rhythm problems. Trump said that while it was not recommended by his doctor, he […]
May 18

Germany and France propose $545 billion recovery plan as Europe girds for ‘recession of historic proportions’

The biggest economies in Europe are throwing their weight behind a 500 billion–euro ($545 billion) debt-backed plan to help the region recover from the devastating coronavirus pandemic. German Chancellor Angela Merkel and French President Emmanuel Macron jointly announced the plan, which will provide grants, rather than loans, for “the most affected sectors and regions based […]
May 18

Group of GOP state AGs calls on judge to dismiss Flynn case

WASHINGTON (AP) — A group of 15 Republican state attorneys general filed an amicus brief Monday supporting the Justice Department’s motion to drop its case against former Trump administration national security adviser Michael Flynn. The group, led by Ohio Attorney General Dave Yost, argues that U.S. District Judge Emmet Sullivan should immediately grant the Justice […]