Stock futures fell in overnight trading on Monday as investors grappled with civil unrest around the country as states try to reopen the economy from the coronavirus pandemic.  Futures on the Dow Jones Industrial Average traded 131 points lower, implying a Tuesday opening decline of around 115 points. S&P 500 and Nasdaq 100 also pointed to a negative Tuesday start
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Workers make toys at a plastic product factory in Zhangjiajie, central China’s Hunan Province, May 27, 2020. Xue Yuge | Xinhua News Agency | Getty Images A private survey showed manufacturing activity in China expanded for the month of May. The Caixin/Markit Manufacturing Purchasing Manager’s Index came in at 50.7 for May. Analysts polled by Reuters had expected
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Martin Seay, president of the Financial Planning Association and chair of the Personal Financial Planning Program at Kansas State University. Financial Planning Association The coronavirus pandemic has forced businesses of all kinds to rethink how they work and interact with customers. Financial planning is no different.  Martin Seay, president of the Financial Planning Association, perhaps
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Goldman Sachs Group Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Oct. 7, 2016. Michael Nagle | Bloomberg | Getty Images Goldman Sachs isn’t convinced there’s a case for investing in cryptocurrencies like bitcoin. Crypto evangelists — perhaps unsurprisingly —
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The chicken in Popeye’s sandwich crunches audibly when you bite in, with all those nooks and crannies on the surface shattering into a thousand delicious pieces. Nick Kindelsperger | Tribune News Service | Getty Images Even in the midst of a global pandemic, consumers still want Popeyes Louisiana Kitchen’s chicken sandwich. The chain’s parent company Restaurant
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Box forecast annual revenue above analysts’ estimates and beat targets for quarterly sales on Wednesday, as demand rises for its online collaboration tools due to the global shift to work from home caused by the Covid-19 pandemic. Box is the latest to signal the lift from firms increasingly using video conferencing and other remote work
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The U.S. coronavirus death toll crossed 100,000 as Dr. Anthony Fauci warned that states should not go “leapfrogging” over reopening guidelines.  California Governor Gavin Newsom said guidelines for reopening gyms and related businesses could be released within “a week or so” while New York Governor Andrew Cuomo told Republicans to “stop abusing” states hit hardest by the coronavirus.
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Stocks rose for a second day on Wednesday as Wall Street grew more optimistic about the economy reopening.  Shares of companies that benefit from the economic restart led the way. The Dow Jones Industrial Average jumped 553.16 points, or 2.2%, to 25,548.27. The 30-stock average also closed above 25,000 for the first time since March.  The S&P
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For the second time in 12 years, the U.S. economy and financial markets are facing an unexpected crisis of uncertain proportions. While the 2008 financial crisis and the current coronavirus pandemic are very different in character, both have produced extraordinary volatility in financial markets. Both downturns have also presented major challenges for financial advisors as they
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SpaceX is set for its most important milestone, a launch that may well define the future of the U.S. space program. Elon Musk’s company plans to launch two NASA astronauts on Wednesday — the first crewed mission in SpaceX history. The mission, called Demo-2, is technically the final test flight of the company’s spacecraft. Regardless
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