Is T.J.Maxx recession-proof?

New York (CNN Business)TJ Maxx has taken a hit from the pandemic with fewer people visiting stores and picking up clothing. But the discount giant is betting that customers will re-emerge once they get the Covid-19 vaccine and “revenge” shop to make up for the lost year. TJX (TJX), the […]

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A fast economic reopening is a double-edged sword for the stock market that could lead to value outperforming while growth stocks lag, Ned Davis Research says

Andrew Kelly/Reuters A plunge in COVID-19 cases and a faster economic reopening brings mixed signals for the stock market, according to a note from Ned Davis Research. Value stocks outperforming growth stocks is a likely scenario if the economy recovers quickly from the pandemic, the note said. “Higher interest rates […]

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Weekly initial jobless claims jump to 861,000

Joseph Stiglitz is an American economist and a professor at Columbia University. A recipient of the Nobel Memorial Prize in Economic Sciences, he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the Council of Economic Advisers during the […]

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