Pinch Those Pennies: Coin Shortages, Fed Stimulus Updates & COVID-19 Recovery Plans For Business Owners - Daily Financial News & Insights for Wednesday, June 17, 2020

Coin Shortages, Stimulus Plans & Housing Slumps – Daily Financial News Summary for Wednesday, June 17, 2020 Stocks fluctuated on Wednesday, as investors continued to keep an eye on the coronavirus news and the recovery of the economy. The S&P 500 and the Dow Jones fell by 0.36% and 0.65%, respectively. The NASDAQ rose by 0.15%. This is the fourth straight day in a row of gains for the NASDAQ. Texas has seen a big increase in coronavirus cases recently. The number of Covid19-related hospitalizations increased by 11% within 24 hours yesterday. This is the largest one-day jump since the beginning of June. Florida and Arizona are two other states that have been recently struggling with an onslaught of new cases. These cases have all occurred since the ease of the lockdown restrictions. Andrew Hunter of Capital Economics spoke Wednesday about the significant increase in retail sales that occurred between April and May: “The 17.7% m/m rebound in retail sales in May indicates that, as the lockdowns were eased in many states, activity started to recover more quickly than we – and others – had been anticipating. As a result, we now estimate that real consumption and overall GDP both contracted at a 30% annualized pace in the second quarter, rather than the 40% fall we previously expected.” READ MORE: https://callputstrike.com/2020/06/17/coin-shortages-stimulus-plans-housing-slumps-daily-financial-news-summary-for-wednesday-june-17-2020/ COVID-19 Recovery: How Business Owners Can Bring Customers Back Thousands of businesses all around the United States are currently finding themselves in the same dilemma; they need to figure out how to convince their customers to come back. Fears of the coronavirus have kept millions of people housebound for months and left businesses empty. Now that the COVID-19 restrictions are being lifted, companies need to figure out how to show customers that their brick and mortar store is better than buying online. READ MORE: https://callputstrike.com/2020/06/17/covid-19-recovery-how-business-owners-can-bring-customers-back/ Gold, Investing, Market Insider, News, Real Estate, Stock Market, Trader Talk, Entrepreneurship, Business Ownership, Startups, Business Tips