Consumer spending has slowed down in many areas, but alcohol sales are booming. Americans cannot go out to restaurants and bars, so they drink alcohol at home to pass the time and handle the stress. The coronavirus pandemic has caused millions of job losses. Alcohol sales might fall in April if people spend more on…
An emergency double rate cut from the Federal Reserve failed to stop the Dow Jones from sliding on Tuesday. A nervous stock market is left wondering how bad things are if the Fed would take such dramatic action. Dow bears pounced on the belief that interest rates will do little to influence a demand shock…
Gold’s price posted its biggest single-day slide since 2013. The yellow metal bottomed at $1,564.00/oz., wiping out more than two weeks’ worth of gains. The selloff was triggered by fears that coronavirus will impact demand for raw materials as economic growth grinds to a halt. Steep declines in stocks and other assets may have also…
