Happy Wednesday! Today is April 29 and we see that stock futures have jumped after positive data on a potential coronavirus treatment, the U.S. first quarter GDP shrank 4.8% and U.S. oil surges 16%. We are also reading that weekly mortgage applications to buy a home make a strong recovery, pending home sales tanked 21% in March and there are some easy ways to trim your spending when it comes to cooking during the quarantine.
Stock futures jumped Wednesday on the back of positive data from a potential coronavirus treatment from Gilead Sciences while investors digested a sharp drop in U.S. economic activity.
Gross domestic product fell 4.8% in the first quarter, according to government numbers released Wednesday that provide the first detailed glimpse into the deep damage the coronavirus wreaked on the U.S. economy.
Oil prices jumped on Wednesday following a report that showed a smaller-than-expected build in U.S. inventories.
Evidence is mounting that homebuyers may be coming back to the market, after demand plummeted in the past month due to the coronavirus.
Home sales took a deep dive in March as the coronavirus pandemic shut down much of the economy and homebuyers and sellers pulled out of the normally busy spring market.
Some tips from experienced foodies about how to trim your spending.