Stock prices suggest a short recession with a swift rebound in corporate profits, while gains in havens signal worries about a longer downturn
Safer assets from gold to Treasurys are rising alongside major indexes, a sign that the stock-market rebound hasn’t assuaged investors’ fears about the world economy.
The S&P 500 has rebounded 24% from its March 23 multiyear low. At the same time, gold on Tuesday climbed to its highest level in nearly 7½ years, bringing its gains for the year to 15%. Billions of dollars have flowed into gold exchange-traded funds, and sales of physical bars and coins have soared.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NBA GOAT debate: Big questions on Michael Jordan and the greatest players everWho is Michael Jordan's real competition for the greatest NBA player of all time? Our experts debate:
Read more »
The Big Show says WWE, deemed ‘essential,' has ‘an incredible responsibility’ during ‘times of hardship’The Big Show supports the World Wrestling Federation (WWE) providing entertainment under strict guidelines amid the devastating coronavirus outbreak.
Read more »
Brad Pitt Drives Big Ratings for HGTV's 'Celebrity IOU'The Oscar winner joined Drew and Jonathan Scott for the debut of the home-renovation series.
Read more »
Here’s How Big Banks Fared In The First Quarter As The Coronavirus Recession Took HoldJPMorgan set aside $6.8 billion to cover loan defaults, Wells Fargo bulked up its reserves by $3.1 billion.
Read more »
15 Big Little Recipes That Lean on the PantryFrom bean chili and broccoli-cheddar pasta to snickerdoodle shortbread and peanut butter halvah, these recipes rely on ingredients you already have.
Read more »
Santa Monica combines all weekend farmers markets into one big Saturday marketSanta Monica has folded its weekend markets into a single Saturday farmers market
Read more »