NBER: United States Economy Has Officially Entered a Recession

NBER: United States Economy Has Officially Entered a Recession

The economy of the United States gas officially entered a recession, ending a record 128-month period of expansion. The National Bureau of Economic Research, the body that determines recessions, bringing an end to the longest expansion in post-World War II history. US Gross Domestic Product reportedly fell by 5% in the first quarter of 2020, per … Read more

Dow Jones Roars Up Over 800 Points Amid Positive Vaccine Reports

Dow Jones Roars Up Over 800 Points Amid Positive Vaccine Reports

United States stocks soared on Monday, erasing May losses, after drugmaker Moderna announced positive results from its first human trial of its COVID-19 vaccine. The trials boosted hopes that the medical community was making progress against the coronavirus. The Dow Jones Industrial Average surged 813 points, or 3.4%, to 24,498. The S&P 500 rose 86 … Read more

Urbana University to Close Due to COVID-19

Urbana University to Close Due to COVID-19

Urbana University, a branch campus of Franklin University, has announced that the school is “impossible to sustain” and will be shutting down. The closure will be taking place after the spring 2020 semester ends. There are more than 1,250 students registered at Urbana. Franklin University’s efforts to stabilize the campus have met with some success in … Read more

Somberg Zielinski, PLLC is Helping Businesses Sue Their Insurance Company for Wrongful Denial of Loss Claims

Somberg Zielinski, PLLC is Helping Businesses Sue Their Insurance Company for Wrongful Denial of Loss Claims

Somberg Zielinski, PLLC has announced that they will be helping businesses sue their insurance provider if they are denying them business interruption or loss of business income claims. These claims would obviously have to be related to the ongoing pandemic. Restaurants, gyms and other so called “non-essential” businesses are all subject to take up Somberg Zielinski, … Read more

Dow Jones Falls 973 Points Amid Negative Reports

Dow Jones Falls 973 Points Amid Negative Reports

U.S. stocks fell on Wednesday, a day after finishing their worst first quarter in history. This news comes amid reports on job losses and the potential for as many as 200,000 deaths due to the COVID-19 pandemic. The Dow Jones Industrial Average closed down a total of 973.65 points. That’s 4.44 percent. The S&P 500 … Read more

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