New applications for unemployment benefits rose by 109,000 to 1.42 million in the week ended July 18 on a seasonally adjusted basis, the Labor Department said Thursday. See full story.
A ‘fast and violent’ rally awaits in cyclical stocks, and it won’t take a vaccine to cause it, one strategist says
Why one strategist says the market just needs to see signs of progress on the coronavirus front to trigger gains in beaten-down stocks. See full story.
Elon Musk doesn’t want Tesla to be ‘super profitable’ as it soars toward a $300 billion valuation
Tesla Inc. Chief Executive Elon Musk, who heads a company with a valuation…